The global precision fermentation market size is estimated at USD 1.6 billion in 2022 and is projected to reach USD 36.3 billion by 2030, registering a CAGR of 48.1% in terms of value. Market growth can be attributed to startups entering the precision fermentation market due to the increasing number of investors, such as ADM and Cult Food.
New York, July 22. 02, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Precision Fermentation Market by Ingredient, Microbe, Application and Region – Global Forecast to 2030″ – https://www.reportlinker. com/p06309035/?utm_source=GNW
Since the ingredients via precision fermentation are grown in the laboratory, it is an expensive process and therefore requires large investments to accelerate R&D activities in order to bring the products to market in the near future. .
By application, the meat and seafood segment is expected to account for the second largest market share during the forecast period.
Based on the demands, the meat and seafood segment is expected to account for the second largest market share. the meat based industry has shown remarkable growth.
Companies like Impossible Foods, Motif FoodWorks, and Melt&Marble have introduced precision-fermented meat alternative burgers, fats, and proteins, which is expected to drive the growth of the meat and seafood segment in the fermentation market precision.
• By ingredient, the whey and casein protein segment was the second largest market after enzymes.
Whey protein is a type of protein extracted from dairy products like milk. This protein has greater digestibility and a better amino acid balance score.
Whey has a neutral flavor, which means it can be used in different products without changing their taste and functionality. Hence, it is used on a larger scale in the sports nutrition and food and beverage industries.
• By microbe, the bacteria segment is expected to represent the highest CAGR in the market.
The high biological diversity of microbial species and the almost infinite biological synthesis capabilities mean that fermentation-based techniques offer enormous potential for new alternative protein solutions. Proteins made from microorganisms, on the other hand, still have a long way to go before they reach parity in flavor, texture and cost with traditional animal proteins.
The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
Awareness through global animal welfare organizations, such as PETA (People for the Ethical Treatment for Animals), has led people to consider a meatless diet. Meatless meals are already popular in Asia, with tofu widely used in Asian cuisines. and bean-based congees widely consumed in countries like China.
The major factors driving the demand for precision-fermented egg alternatives in Asia are the growing number of people preferring a vegetarian diet and rising egg prices. Additionally, the health benefits such as low cholesterol and high protein content offered by egg alternative protein ingredients are driving the demand for these products in this region.
The precision fermentation market is segmented by region, with detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, Middle East and Africa.
• By type of business: Level 1: 30%, Level 2: 25% and Level 3: 45%
• By designation: manager – 25%, CXO – 40% and executives – 35%
• By region: Asia-Pacific – 40%, Europe – 30%, North America – 16% and Rest of the world – 14%
The major players profiled in this report are:
• Perfect Day, Inc. (USA)
• Impossible Foods Inc. (USA)
• Geltor (USA)
• The Every Co. (United States)
• Motive FoodWorks, Inc. (USA)
• MycoTechnology (United States)
• Mycorena (Sweden)
• Eden Brew (Australia)
• Change Foods (US)
• Formo (Germany)
• Remilk Ltd. (Israel)
• Triton Algae Innovations (USA)
• Melt&Marble (Sweden)
• Fumi ingredients
• Fybraworks Foods (USA)
• Nourish Ingredients Pty Ltd. (Australia)
• Imagindairy Ltd. (Israel)
• Shiru, Inc. (USA)
• New Culture (USA)
• Helaina Inc (United States)
This report segments the precision fermentation market on the basis of application, ingredient, microbe and region. In terms of information, this research report focuses on different levels of analyzes – competitive landscape, pricing information, end-use analysis, and company profiles – which together comprise and discuss points of view base on the emerging and high-growth segments of precision fermentation. market, high growth regions, countries, industry trends, drivers, restraints, opportunities and challenges.
Reasons to buy this report
• To get a comprehensive overview of Precision Fermentation market
• To get far-reaching insights on leading players in this industry, details of their product portfolio and key strategies adopted by them
• To get an overview of the major countries/regions in which the precision fermentation market is flourishing
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