By 2032, Precision Fermentation Market Expected to Reach USD 1,674.57 Million | Growing at a CAGR of 40.6%
Polaris Market Research has published a new research study on Precision Fermentation Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032 which act as a brilliant compilation of critical aspects of Precision Fermentation Market. The report is a professional asset that encompasses dynamic and analytic market insights at the regional and international levels. The report reveals how the market is expected to grow over the forecast period. The study proofs to be a handy resource for managers, industry experts, analysts, and other leading players as it’s a ready-to-access and self-analyzed study that will help them understand key Precision Fermentation Market trends, opportunities, drivers, and upcoming challenges.
According to the research report, the global precision fermentation market was valued at USD 1,674.57 million in 2022 and is expected to reach USD 1,674.57 million by 2032, to grow at a CAGR of 46.0% during the forecast period.
Increasing demand for sustainable and eco-friendly products and growing awareness about the health benefits of plant-based and cultured products. The technique enables the production of a wide range of products, such as meat, dairy, and leather, without the need for large amounts of land, water, and other resources, making it a sustainable and environmentally friendly alternative to traditional agriculture and animal farming. Additionally, precision fermentation produces plant-based and refined products that are healthy and sustainable, meeting the demands of consumers looking for healthier and more eco-friendly food options.
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Top Key Players:
- The Every Co
- Change Foods
- New Culture
- Eden Brew
- Imagindairy.Ltd
- Fumi ingredients
- Formo
- Melt and Marble
- Nourish Ingredient
- Shiru Inc
- Perfect Day Inc
- Impossible foods
- Motif Foodworks Inc
- Fybraworks Foods
- Triton Algae Innovations
- Remilk Ltd.
Advancements in biotechnology and genetic engineering have also contributed to the growth of the precision fermentation market. Scientists can now manipulate genes and create new strains of microorganisms that are more efficient at producing specific compounds. This has led to a significant increase in the efficiency of precision fermentation processes, making it possible to produce high-quality protein products, such as meat and dairy alternatives, using a fraction of the resources required for traditional animal farming. Moreover, increasing investment in precision fermentation start-ups has led to the development of new products and technologies and increased competition in the market, driving innovation and accelerating the industry’s growth.
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Precision Fermentation Market Report Highlights
- Dairy alternative segment accounted for the largest market share in 2022. Dairy alternative product is produced by DNA sequencing into yeast or fungi by imprinting the milk protein and adding particular bacteria.
- Whey and Casein protein segment are anticipated to grow at the fastest market CAGR rate over the forecast period. Whey and Casein are the sources of calcium, vitamin B12, vitamin A, and amino acids, and a major protein constituent in milk, improving muscle content and suppressing the risk of cardiovascular diseases.
- Yeast segment has dominated the global market for precision fermentation. Various species of yeast are widely used in forming alternative proteins. Multiple players now use different species to make animal-free egg and meat protein.
- North America dominated the precision fermentation market in 2022 and will continue its dominance over the forecast period. Raising investment and growing innovations in precision fermented foods like taste, accessibility, and price drive the market’s growth.
- The global key market players include The Every Co, Change Foods, New Culture, Eden Brew, Imagindairy.Ltd, Fumi ingredients, Formo, Melt and Marble, Nourish Ingredient, Shiru Inc, Perfect Day Inc, Impossible foods, Motif Foodworks, Inc, Fybraworks Foods, Triton Algae Innovations, and Remilk Ltd.
Polaris Market Research has segmented the precision fermentation market report based on application, ingredient, microbe, and region:
Precision Fermentation, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Meat & Seafood
- Dairy Alternatives
- Egg Alternatives
- Others
Precision Fermentation, Ingredient Outlook (Revenue – USD Billion, 2019 – 2032)
- Whey & Casein Protein
- Egg White
- Collagen Protein
- Heme Protein
- Enzymes
- Others
Precision Fermentation, Microbe Outlook (Revenue – USD Billion, 2019 – 2032)
- Yeast
- Algae
- Fungi
- Bacteria
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