Global Precision Fermentation Market 2023-2027
The precision fermentation market is forecasted to grow by USD 8414.85 mn during 2022-2027, accelerating at a CAGR of 41.5% during the forecast period. The report on the precision fermentation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing popularity of vegan lifestyle, growing prominence of cellular agriculture, and increasing focus on environmental sustainability.
Technavio's precision fermentation market is segmented as below:
By Type
By End-user
- Food and beverage
- Pharmaceuticals
- Cosmetics
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing health consciousness as one of the prime reasons driving the precision fermentation market growth during the next few years. Also, increasing number of new product launches and growing number of partnerships and acquisitions by market vendors will lead to sizable demand in the market.
The report on the precision fermentation market covers the following areas:
- Precision fermentation market sizing
- Precision fermentation market forecast
- Precision fermentation market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading precision fermentation market vendors that include Better Diary Ltd., Change Foods, Clara Foods Co., Eden Brew Pty Ltd., Formo Bio GmbH, FUMI INGREDIENTS BV, Geltor Inc., Ginkgo Bioworks Holdings Inc., Imagindairy Ltd., Impossible Foods Inc., Laurus Labs Ltd., Melt and Marble AB, Mycorena AB, New Culture, Nourish Ingredients Pty Ltd., Perfect Day Inc., Remilk Ltd., Shiru Inc., Triton Algae Innovations, and HENI INNOVATION PVT. LTD.. Also, the precision fermentation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.