The global precision fermentation market size is estimated to be valued at USD 1. 6 billion in 2022 and is projected to reach USD 36. 3 billion by 2030, recording a CAGR of 48. 1% in terms of value. Market growth can be attributed to the startups entering the precision fermentation market owing to the increasing number of investors, such as ADM and Cult Food.
New York, July 22, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Precision Fermentation Market by Ingredient, Microbe, Application, & Region - Global Forecast to 2030" - https://www.reportlinker.com/p06309035/?utm_source=GNW
Since ingredients via precision fermentation are grown in the laboratory, it is a cost-intensive process and hence, requires large investments to accelerate the R&D activities so that the products are commercialized in the market in the near future.
By application, the meat & seafood segment is projected to account for the second-largest market share during the forecast period.
Based on application, the meat & seafood segment is projected to account for the second-largest market share.The demand for plant-based proteins in the meat alternatives segment is projected to grow at a significant rate in the coming years as the global plant-based meat industry has been showing 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 boost the growth of the meat & seafood segment in the precision fermentation market.
• By ingredient, the whey & casein protein segment formed 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 amino acid balance score.
Whey has a neutral flavor which means it can be used in different products without changing their taste and functionality. Therefore, it is used on a larger scale across the sports nutrition and food & beverage industries.
• By microbe, the bacteria segment is forecasted to account for the highest CAGR in the market.
The great biological diversity of microbial species and nearly endless biological synthesis capabilities mean that fermentation-based techniques provide enormous potential for novel alternative protein solutions. Microorganism-based proteins, on the other hand, have a long way to go before they attain parity in terms of flavor, texture, and cost with traditional animal proteins.
The Asia Pacific region is projected 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 to people considering a meat-free diet.Non-meat-based meals are already popular in Asia, with tofu used extensively in Asian cuisines and bean-based congees widely consumed in countries such as China.
Key factors driving the demand for precision-fermented egg alternatives in Asia are the increasing number of people preferring a vegetarian diet and the rise in prices of eggs. Additionally, health benefits such as low cholesterol and high-protein content offered by egg alternative protein ingredients drive the demand for these products in this region.
The precision fermentation market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Break-up of Primaries
• By Company Type: Tier 1 – 30%, Tier 2 – 25% and Tier 3 – 45%
• By Designation: Manager- 25%, CXOs– 40%, and Executives – 35%
• By Region: Asia Pacific – 40%, Europe - 30%, North America- 16%, and RoW- 14%
Leading players profiled in this report include the following:
• Perfect Day, Inc. (US)
• Impossible Foods Inc. (US)
• Geltor (US)
• The Every Co. (US)
• Motif FoodWorks, Inc. (US)
• MycoTechnology (US)
• Mycorena (Sweden)
• Eden Brew (Australia)
• Change Foods (US)
• Formo (Germany)
• Remilk Ltd. (Israel)
• Triton Algae Innovations (US)
• Melt&Marble (Sweden)
• FUMI Ingredients
• Fybraworks Foods (US)
• Nourish Ingredients Pty Ltd. (Australia)
• Imagindairy Ltd. (Israel)
• Shiru, Inc. (US)
• New Culture (US)
• Helaina Inc (US)
This report segments the precision fermentation market on the basis of application, ingredient, microbe, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, pricing insights, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the 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 the precision fermentation market
• To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
• To gain insights about the major countries/regions in which the precision fermentation market is flourishing
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