Precision Fermentation Market By Application (Meat, Seafood, Dairy, Egg, Others), By Microbe (Bacteria, Yeast, Algae, Fungi, Others), By Ingredient (Egg White, Whey and Casein Protein, Collagen Protein, Heme Protein), By End User (Food and Beverage, Pharm

Precision Fermentation Market By Application (Meat, Seafood, Dairy, Egg, Others), By Microbe (Bacteria, Yeast, Algae, Fungi, Others), By Ingredient (Egg White, Whey and Casein Protein, Collagen Protein, Heme Protein), By End User (Food and Beverage, Pharmaceutical, Cosmetic, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global precision fermentation market is anticipated to reach $34,868.1 million by 2031, growing from $1,277.8 million in 2021, at a CAGR of 40.5% from 2022 to 2031.

Precision fermentation produces components that are like animal proteins by using a variety of yeasts, fungi, mycelium, and microalgae as hosts to create components comparable to animal proteins. The majority of critical vitamins, including K, E, D, C, and A are produced using precise fermentation technology and are utilized to fortify foods or supplement daily meals. It helps in the production of a wide range of desired end products that may be used in a variety of industries, including food, agriculture, medicines, and biologics.

Precision fermentation is being utilized more frequently across various industries in order to create a number of desired end products, which is driving the market growth. The increase in demand for precision fermentation is driven by the fact that it is being used in more commercial applications such as creation of yogurt, pickles, bread, and other bakery and culinary products. Some of the key trends driving the growth of the precision fermentation market include the increasing need for protein on a global scale, shifting consumer tastes, and rising investments in precision fermentation. The introduction of diverse plant-based products by producers that use animal-free ingredients is also anticipated to boost the industry expansion. In addition, the market size for precision fermentation is expected to grow owing to the rising population of countries such as the U.S. and the UK, which are adopting veganism and animal-free lifestyles.

The high sterility and complicated extraction techniques require high production costs. The high cost of precision fermentation technology also hinders scalability for companies with limited infrastructure capabilities. All these factors are anticipated to restrict the market growth during the forecast period.

Precision fermentation is anticipated to grow rapidly since it is being used in the alternative protein market. There has also been an increase in traditional and biomass fermentation methods. Traditional, fermentation is used for applications such as yogurt beverages and non-dairy probiotic beverages due to its ability to fortify, utilize microorganisms, and increase sensory qualities. Proteins derived from microorganisms are produced by biomass fermentation and can be used as an alternative to meat because of their palatable flavor and nutritional value. In addition, in January 2022, Solar Biotech and Motif Foodworks, a food technology company, expanded their development and production collaboration to increase the flavor and nutritious content of plant-based foods.

The COVID-19 pandemic had a significant impact on many companies globally. The food and beverage industry was one of the most affected by the pandemic. Demand for processed foods and other food goods declined substantially owing to the pandemic. The lockdown imposed by various governments within their countries hampered food production and delivery significantly. As a result of the declining growth of food and beverage sector, the precision fermentation industry had also witnessed decreased demand.

The key players profiled in this report include geltor inc., Imagindairy Ltd, Change Foods, Eden Brew, Impossible Foods Inc, Motif Foodworks, Inc, Nourish Ingredients, Shiru Inc, FUMI Ingredients, and Perfect Day Inc.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the precision fermentation market analysis from 2021 to 2031 to identify the prevailing precision fermentation market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the precision fermentation market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global precision fermentation market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Ingredient

Egg White
Whey and Casein Protein
Collagen Protein
Heme Protein

By End User

Food and Beverage
Pharmaceutical
Cosmetic
Others

By Application

Dairy
Egg
Others
Meat
Seafood

By Microbe

Bacteria
Yeast
Algae
Fungi
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
geltor inc.
Imagindairy Ltd
Change Foods
Eden Brew
Impossible Foods Inc
Motif Foodworks, Inc
Nourish Ingredients
Shiru Inc
FUMI Ingredients
Perfect Day Inc

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