North America Microbial Protein Market Size (2024 - 2029)

North America Microbial Protein Market Analysis

The North America Microbial Protein Market size is estimated at USD 13.10 million in 2024, and is expected to reach USD 18.20 million by 2029, growing at a CAGR of 6.80% during the forecast period (2024-2029).

• Microbial protein-based food products like functional drinks, such as those containing chlorella or Spurilina, are gaining popularity around the region due to their health advantages and pleasant flavor. Food fortification innovations and new findings on the health advantages of certain nutrients are driving this market segment. For instance, United States-based company Cyanotech offers spirulina and claims the ingredient to be a highly absorbable source of protein with essential amino acids, iron, beta carotene, minerals, and other healthful vitamins, including B-vitamins and phycocyanin, a pigment-protein antioxidant complex found only in blue-green microalgae.
• Additionally, the increasing number of investments in the microbial protein market, like the algae protein market space, directly results from the rising demand for protein alternatives. Also, the shift in consumer demand from animal protein to other protein sources can clearly be witnessed with the rise of the protein alternative market. This gradual inclination toward plant-based and microalgae-based diets is largely associated with different factors, such as sustainability issues, health awareness, ethical or religious views, and environmental and animal rights.
• Many kinds of microbial proteins, like algae, produce a great protein production per unit of land, which is why they are being looked at more and more as a potential solution to the protein problem. As per researchers, spirulina algae, which contains between 60 and 71 grams of protein per 100 grams, is used in a wide range of functional foods and drinks due to its high protein content. Furthermore, spirulina has been declared GRAS by the European Food Safety Authority (EFSA), the Food and Drug Administration (FDA), and other prestigious food regulatory authorities, and its popularity as a functional food is rapidly expanding.

North America Microbial Protein Industry Segmentation

Microbial protein is a type of protein obtained from various microbial species like algae and spirulina and is considered an alternative and sustainable source of protein. 

The North America microbial protein market is segmented by type, application, and country. By type, the market is segmented into Algae protein and Myco Protein. By application, the market is segmented into food and beverages, dietary supplements, meat/poultry/seafood and meat alternative products and dairy and dairy alternative products.. By country, the market is segmented into the United States, Canada, Mexico, and the Rest of North America. 

For each segment, the market sizing and forecasts have been done based on the value (in USD).