The Global precision fermentation market growth can be attributed to the startups entering the precision fermentation marketing owing to the rising number of investors like Cult food and ADM. Therefore, the global precision fermentation market size is predicted is projected to reach from $1.6 billion in 2022 to $36.3 billion by 2030, at the highest CAGR of 48.1% in terms of value.
The global Precision Fermentation Market is segmented depending upon the application, ingredient, microbe and geographies. Depending on the application, the seafood and the meant segment are estimated to account for the second-largest market share. The rising demand for plant-based proteins in the meat alternatives segment is estimated to grow at a remarkable rate in the upcoming years as the global plant-based meat industry has been showing remarkable growth. Also, 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. Precision-fermented meat-alternative burgers, fats, and proteins have been introduced by companies like Impossible Foods, Motif Food Works, and Melt&Marble, which is expected to drive the growth of the meat & seafood segment in the precision fermentation market.
Whey protein is a protein derived from dairy products such as milk. This protein is more digestible and has a better amino acid balance score. Whey has a neutral flavour, so it can be used in a variety of products without altering their taste or functionality. As a result, it is increasingly used in the sports nutrition and food and beverage industries.
Fermentation-based techniques have enormous potential for novel alternative protein solutions due to the great biological diversity of microbial species and nearly limitless biological synthesis capabilities. Microorganism-based proteins, on the other hand, have a long way to go before they can compete with traditional animal proteins in terms of flavour, texture, and cost.
People are considering a meat-free diet after becoming aware of it through global animal welfare organisations such as PETA (People for the Ethical Treatment of Animals). Non-meat meals are already popular in Asia, with tofu being widely used in Asian cuisines and bean-based congees popular in countries such as China. The growing number of people who prefer a vegetarian diet, as well as the rise in egg prices, are driving the demand for precision-fermented egg alternatives in Asia. Furthermore, the health benefits provided by egg alternative protein ingredients, such as low cholesterol and high protein content, drive demand for these products in this region.
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%
The prominent players in the market are Perfect Day, Inc. (US), Impossible Foods Inc. (US), Geltor (US), The Every Co. (US), Motif FoodWorks, Inc. (the 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).
The global precision fermentation research report gives essential information, objective insights regarding international market trends and leads, competitor analysis, and much more. All the teams involved in producing this market report including consultants, market researchers, and data providers work hand-in-hand to generate more insightful data. This business report provides industry players with crucial support to expand their customer base within diverse market spaces. Traditional research methodologies are supplemented with innovative approaches to present evidence-based insights.