Precision Fermentation Market by Microbe (Algae, Bacteria, Fungi), Ingredient (Collagen Protein, Egg White, Enzymes), Application, End-User - Global Forecast 2024-2030


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Precision Fermentation Market by Microbe (Algae, Bacteria, Fungi), Ingredient (Collagen Protein, Egg White, Enzymes), Application, End-User - Global Forecast 2024-2030


The Precision Fermentation Market size was estimated at USD 3.05 billion in 2023 and expected to reach USD 3.43 billion in 2024, at a CAGR 12.84% to reach USD 7.12 billion by 2030.

Global Precision Fermentation Market

Precision fermentation refers to a novel food technology utilizing genetically modified microorganisms to produce specific proteins, enzymes, and other compounds. Precision fermentation is used in both the food industry and pharmaceutical industries to produce biopharmaceuticals and in the petroleum and diesel industries to produce microbe-based fuels. The driving growth factors for the growth of the precision fermentation industry include rising consumer awareness regarding the consumption of healthy food and increasing government regulations towards animal welfare. Additionally, expanding acceptance of vegan and vegetarian diets across the world has further cemented the adoption of precision fermentation to cater to consumer demand for alternative dairy and protein sources. However, the initial establishment cost for precision fermentation technologies is high, and challenges around scale-up often result in high production costs. Furthermore, consumer acceptance of products produced through this technology may be slow to gain momentum due to unfamiliarity and perceived artificiality of the technology. However, efforts by major manufacturers and government organizations about the health and environmental benefits of the adoption of precision fermentation can overcome challenges related to unfamiliarity with the technology. Key areas of growth include investing in technologies that increase yield or make the fermentation process more efficient and sustainable.

Regional Insights

In the Americas, the United States leads the adoption and demand for precision fermentation, primarily due to its robust biotechnology sector, extensive research and development, and investment in innovation. The market is stimulated by the food and beverage industry's urge to produce novel, sustainable, and cost-effective plant-based proteins using precision fermentation. The growing trend towards veganism and plant-based diets has further compounded this demand. Europe exhibits a significant application of precision fermentation in the brewing industry, where specific strains of yeast and bacteria are controlled to produce desired characteristics in alcoholic beverages. The shift towards personalized and health-centric products propels the use of precision fermentation. Moreover, European regulations encouraging sustainability and reduction in greenhouse gas emissions and ethical standards concerning animal cruelty have engendered interest in precision fermentation as a renewable and cruelty-free method of protein production. In the APAC region, precision fermentation's adoption is driven by the region's burgeoning food and drink sector, particularly in countries such as China, Japan, and South Korea. The utilization of precision fermentation is significant in the fermentation of traditional food and beverages, dairy alternatives, and the production of clean meat. The region is also characterized by the presence of emerging startups that are actively exploring alternative dairy products and vegan food items.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Precision Fermentation Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Precision Fermentation Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Precision Fermentation Market, highlighting leading vendors and their innovative profiles. These include Cargill, Incorporated, Cauldron Ferm, Change Foods, Inc., De Novo Foodlabs, Eden Brew Pty Ltd., Evonik Industries AG, Fonterra Co-operative Group Limited, Formo, Fybraworks Foods, Inc., Geltor, Inc., Helaina Inc., ICL Food, Imagindairy Ltd., Impossible Foods Inc., KeyLeaf Life Sciences, Koninklijke DSM N.V., Liberation Labs Holdings, Inc., Melt&Marble AB, Motif FoodWorks, Inc., Mycorena AB, MycoTechnology, Inc., Nourish Ingredients Pty Ltd., Novozymes, Onego Bio Ltd., Perfect Day, Inc., Remilk Ltd., Shiru, Inc., The Archer-Daniels-Midland Company, The Every Company, and Triton Algae Innovations, Ltd..

Market Segmentation & Coverage

This research report categorizes the Precision Fermentation Market to forecast the revenues and analyze trends in each of the following sub-markets:

Microbe
Algae
Bacteria
Fungi
Yeast
Ingredient
Collagen Protein
Egg White
Enzymes
Heme Protein
Whey & Casein Protein
Application
Dairy Alternatives
Egg Alternatives
Meat & Seafood
End-User
Cosmetic
Food & Beverage
Pharmaceutical
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Precision Fermentation Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Precision Fermentation Market?
3. What are the technology trends and regulatory frameworks in the Precision Fermentation Market?
4. What is the market share of the leading vendors in the Precision Fermentation Market?
5. Which modes and strategic moves are suitable for entering the Precision Fermentation Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Precision Fermentation Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing adoption of sustainable, vegan and healthy food and beverages
5.1.1.2. Increasing demand for plant based GMO protein worldwide and changing consumer tastes and preferences
5.1.1.3. Rising demand of vegan, and animal-free cosmetics
5.1.2. Restraints
5.1.2.1. Regulatory hurdles and consumer acceptance
5.1.3. Opportunities
5.1.3.1. Development of novel protein production systems for alternative protein producers for healthcare benefit
5.1.3.2. Massive investments and funding in the precision fermentation space
5.1.4. Challenges
5.1.4.1. Commercialization and scaling up of production
5.2. Market Segmentation Analysis
5.2.1. Microbe: Expanding adoption of yeast in food and beverage industries
5.2.2. Ingredient: Utilization of precision fermentation for production of enzymes in dairy industries
5.2.3. Application: Inclination towards adoption of meat & seafood alternatives due to ethical considerations and veganism
5.2.4. End-user: Widespread application of precision fermentation in food & beverage end-users to product cruelty-free food products
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Precision Fermentation Market, by Microbe
6.1. Introduction
6.2. Algae
6.3. Bacteria
6.4. Fungi
6.5. Yeast
7. Precision Fermentation Market, by Ingredient
7.1. Introduction
7.2. Collagen Protein
7.3. Egg White
7.4. Enzymes
7.5. Heme Protein
7.6. Whey & Casein Protein
8. Precision Fermentation Market, by Application
8.1. Introduction
8.2. Dairy Alternatives
8.3. Egg Alternatives
8.4. Meat & Seafood
9. Precision Fermentation Market, by End-User
9.1. Introduction
9.2. Cosmetic
9.3. Food & Beverage
9.4. Pharmaceutical
10. Americas Precision Fermentation Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Precision Fermentation Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Precision Fermentation Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Agreement, Collaboration, & Partnership
13.3.1.1. Novozymes and Arla Foods Ingredients partner on precision fermentation
13.3.2. New Product Launch & Enhancement
13.3.2.1. Formo to Launch “New Class of Products” With Precision Fermentation Eggs
13.3.3. Investment & Funding
13.3.3.1. Cauldron Raises USD 7 Million to Expand Precision Fermentation Platform
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Cargill, Incorporated
14.1.2. Cauldron Ferm
14.1.3. Change Foods, Inc.
14.1.4. De Novo Foodlabs
14.1.5. Eden Brew Pty Ltd.
14.1.6. Evonik Industries AG
14.1.7. Fonterra Co-operative Group Limited
14.1.8. Formo
14.1.9. Fybraworks Foods, Inc.
14.1.10. Geltor, Inc.
14.1.11. Helaina Inc.
14.1.12. ICL Food
14.1.13. Imagindairy Ltd.
14.1.14. Impossible Foods Inc.
14.1.15. KeyLeaf Life Sciences
14.1.16. Koninklijke DSM N.V.
14.1.17. Liberation Labs Holdings, Inc.
14.1.18. Melt&Marble AB
14.1.19. Motif FoodWorks, Inc.
14.1.20. Mycorena AB
14.1.21. MycoTechnology, Inc.
14.1.22. Nourish Ingredients Pty Ltd.
14.1.23. Novozymes
14.1.24. Onego Bio Ltd.
14.1.25. Perfect Day, Inc.
14.1.26. Remilk Ltd.
14.1.27. Shiru, Inc.
14.1.28. The Archer-Daniels-Midland Company
14.1.29. The Every Company
14.1.30. Triton Algae Innovations, Ltd.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. PRECISION FERMENTATION MARKET RESEARCH PROCESS
FIGURE 2. PRECISION FERMENTATION MARKET SIZE, 2023 VS 2030
FIGURE 3. PRECISION FERMENTATION MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. PRECISION FERMENTATION MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. PRECISION FERMENTATION MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. PRECISION FERMENTATION MARKET DYNAMICS
FIGURE 7. PRECISION FERMENTATION MARKET SIZE, BY MICROBE, 2023 VS 2030 (%)
FIGURE 8. PRECISION FERMENTATION MARKET SIZE, BY MICROBE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. PRECISION FERMENTATION MARKET SIZE, BY INGREDIENT, 2023 VS 2030 (%)
FIGURE 10. PRECISION FERMENTATION MARKET SIZE, BY INGREDIENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. PRECISION FERMENTATION MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. PRECISION FERMENTATION MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. PRECISION FERMENTATION MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 14. PRECISION FERMENTATION MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS PRECISION FERMENTATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS PRECISION FERMENTATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES PRECISION FERMENTATION MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES PRECISION FERMENTATION MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC PRECISION FERMENTATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC PRECISION FERMENTATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA PRECISION FERMENTATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA PRECISION FERMENTATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. PRECISION FERMENTATION MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. PRECISION FERMENTATION MARKET SHARE, BY KEY PLAYER, 2023

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