Single Cell Oil Market is segmented By Type (Algae-Based Oils, Fungal-Based Oils, Bacterial-Based Oils, Yeast-Based Oils), By Application (Bio-Fuel Fe....
Market Size in USD Bn
CAGR25.9%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 25.9% |
Market Concentration | High |
Major Players | DSM Nutritional Products, BASF SE, Lonza Group, Corbion NV, Cellana Inc. and Among Others |
The single cell oil market is estimated to be valued at USD 121.1 Bn in 2024 and is expected to reach USD 607.1 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 25.9% from 2024 to 2031. The single cell oil market is driven by the health benefits of single cell oils which is rich in proteins, vitamins and omega fatty acids. It is widely used in food & beverages and personal care industries due to its neutral taste and odor.