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Precision Fermentation Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 180 Pages
SKU # FOB19185788

Description

Precision Fermentation Market



Growth Factors of Precision Fermentation Market

The precision fermentation market size was valued at USD 2.14 billion in 2023, and the market is now projected to grow from USD 3.03 billion in 2024 to USD 57.01 billion by 2032, exhibiting a CAGR of 44.30% during the forecast period of 2024-2032.

The COVID-19 pandemic considerably impacted the marketplace's boom, leading to a surge in demand for proteins and protein-based food, and expanded investment in new startups, supporting research and protein improvement.

The use of precision formation technology for animal protein manufacturing is gaining interest due to environmental concerns about climate change and human contributing to global warming. The emission of greenhouse gases from animal farms is a primary motive of worldwide temperature increase, prompting a need to reduce harmful emissions and adopt opportunity food production strategies. The adoption of this technology is anticipated to propel precision fermentation market growth.

Companies like Change Foods are utilizing technology to growth the manufacturing of alternative proteins, because the demand for sustainable meals improvement will increase. In March 2023, Change Foods partnered with KEZAD Group to create animal-free casein milk proteins that may replace 10,000 cows, reducing reliance on animal farms and supporting sustainable meals production and sourcing.

Comprehensive Analysis of Precision Fermentation Market

Precision fermentation based totally on microbes is segmented into micro-organism, yeast, algae, and fungi. Yeast is the most not unusual microorganism used for generating whey and milk protein, heme protein, enzymes, and different substances. Bacteria account for dairy proteins, heme proteins, meals and drinks, and pharmaceutical merchandise. The marketplace is split into meat and seafood, dairy alternatives, egg options, processed meals and liquids, skin care, and haircare merchandise. Dairy options have the very best marketplace percentage, even as biopharmaceuticals use unique strains of microbes. Food and beverage have the very best market proportion.

The Europe region lead the precision fermentation market share by benefitting a market size of USD 1.06 billion in 2023 due to clients are transferring towards environmentally friendly meat options, with Europe main the way in figuring out and manufacturing animal proteins with much less pollutants and comparable texture and flavour. Germany, the U.K., and France are leading producers the usage of precision fermentation, and groups are investing in production abilities to satisfy the growing demand for opportunity proteins inside the region.

The precision fermentation marketplace is a developing industry with key players like The Every Co., Perfect Day Inc., Shiru Inc., and Geltor investing in protein research and improvement. The boom of this industry is supported by means of favourable regulatory rules in the U.S., Israel, and Singapore, along with no-objection letters from the U.S. Food and Drug Administration for egg and yeast protein merchandise.

Nestlé SA delivered its first precision fermentation-based totally dairy protein powder in February 2024, a whey isolate that is animal-free and lactose-unfastened, solidifying its function inside the useful nutrients market.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 44.30% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Microbe Type

- Bacteria

- Yeast

- Algae

- Fungi

By Ingredient

- Egg protein

- Heme protein

- Collagen protein

- Whey and Casein protein

- Enzymes

- Others

By Application

- Meat and Seafood

- Dairy Alternatives

- Egg Alternatives

- Processed food and beverages

- Skincare and haircare products

- Others

By End Use

- Food and Beverages

- Cosmetics

- Pharmaceuticals

By Region

- North America (U.S., Canada, and Mexico)

- Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe)

- Asia Pacific (China, India, Japan, Australia, Thailand, Singapore and Rest of Asia Pacific)

- South America (Brazil, Argentina, and Rest of South America)

- Middle East & Africa (Israel, UAE, and Rest of the Middle East & Africa)

Region

- North America (By Microbe Type, Ingredient, Application, End Use and Country)
  • U.S. (By End Use)
  • Canada (By End Use)
  • Mexico (By End Use)
- Europe (By Microbe Type, Ingredient, Application, End Use and Country)
  • U.K. (By End Use)
  • Germany (By End Use)
  • France (By End Use)
  • Spain (By End Use)
  • Italy (By End Use)
  • Rest of Europe (By End Use)
- Asia Pacific (By Microbe Type, Ingredient, Application, End Use and Country)
  • China (By End Use)
  • India (By End Use)
  • Japan (By End Use)
  • Australia (By End Use)
  • Thailand (By End Use)
  • Singapore (By End Use)
  • Rest of Asia Pacific (By End Use)
- South America (By Microbe Type, Ingredient, Application, End Use and Country)
  • Brazil (By End Use)
  • Argentina (By End Use)
  • Rest of South America (By End Use)
- Middle East & Africa (By Microbe Type, Ingredient, Application, End Use and Country)
  • Israel (By End Use)
  • UAE (By End Use)
  • Rest of MEA (By End Use)


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Table of Contents

180 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Overview on the Parent Market
4.2. Supply Chain Analysis
4.3. Qualitative Analysis on Technological Advancements
4.4. Industry SWOT Analysis
4.5. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
4.6. Market Analysis and Insights (in Relation with COVID-19)
5. Global Precision Fermentation Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Microbe Type (Value)
5.2.1.1. Bacteria
5.2.1.2. Yeast
5.2.1.3. Algae
5.2.1.4. Fungi
5.2.2. By Ingredient (Value)
5.2.2.1. Egg protein
5.2.2.2. Heme protein
5.2.2.3. Collagen protein
5.2.2.4. Whey and Casein protein
5.2.2.5. Enzymes
5.2.2.6. Others
5.2.3. By Application (Value)
5.2.3.1. Meat and Seafood
5.2.3.2. Dairy Alternatives
5.2.3.3. Egg Alternatives
5.2.3.4. Processed food and beverages
5.2.3.5. Skincare and haircare products
5.2.3.6. Others
5.2.4. By End Use (Value)
5.2.4.1. Food and Beverages
5.2.4.2. Cosmetics
5.2.4.3. Pharmaceuticals
5.2.5. By Region (Value)
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia Pacific
5.2.5.4. South America
5.2.5.5. Middle East & Africa
6. North America Precision Fermentation Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Microbe Type (Value)
6.2.1.1. Bacteria
6.2.1.2. Yeast
6.2.1.3. Algae
6.2.1.4. Fungi
6.2.2. By Ingredient (Value)
6.2.2.1. Egg protein
6.2.2.2. Heme protein
6.2.2.3. Collagen protein
6.2.2.4. Whey and Casein protein
6.2.2.5. Enzymes
6.2.2.6. Others
6.2.3. By Application (Value)
6.2.3.1. Meat and Seafood
6.2.3.2. Dairy Alternatives
6.2.3.3. Egg Alternatives
6.2.3.4. Processed food and beverages
6.2.3.5. Skincare and haircare products
6.2.3.6. Others
6.2.4. By End Use (Value)
6.2.4.1. Food and Beverages
6.2.4.2. Cosmetics
6.2.4.3. Pharmaceuticals
6.2.5. By Country (Value)
6.2.5.1. U.S.
6.2.5.1.1. By End Use (Value)
6.2.5.1.1.1. Food and Beverages
6.2.5.1.1.2. Cosmetics
6.2.5.1.1.3. Pharmaceuticals
6.2.5.2. Canada
6.2.5.2.1. By End Use (Value)
6.2.5.2.1.1. Food and Beverages
6.2.5.2.1.2. Cosmetics
6.2.5.2.1.3. Pharmaceuticals
6.2.5.3. Mexico
6.2.5.3.1. By End Use (Value)
6.2.5.3.1.1. Food and Beverages
6.2.5.3.1.2. Cosmetics
6.2.5.3.1.3. Pharmaceuticals
7. Europe Precision Fermentation Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Microbe Type (Value)
7.2.1.1. Bacteria
7.2.1.2. Yeast
7.2.1.3. Algae
7.2.1.4. Fungi
7.2.2. By Ingredient (Value)
7.2.2.1. Egg protein
7.2.2.2. Heme protein
7.2.2.3. Collagen protein
7.2.2.4. Whey and Casein protein
7.2.2.5. Enzymes
7.2.2.6. Others
7.2.3. By Application (Value)
7.2.3.1. Meat and Seafood
7.2.3.2. Dairy Alternatives
7.2.3.3. Egg Alternatives
7.2.3.4. Processed food and beverages
7.2.3.5. Skincare and haircare products
7.2.3.6. Others
7.2.4. By End Use (Value)
7.2.4.1. Food and Beverages
7.2.4.2. Cosmetics
7.2.4.3. Pharmaceuticals
7.2.5. By Country (Value)
7.2.5.1. U.K.
7.2.5.1.1. By End Use (Value)
7.2.5.1.1.1. Food and Beverages
7.2.5.1.1.2. Cosmetics
7.2.5.1.1.3. Pharmaceuticals
7.2.5.2. France
7.2.5.2.1. By End Use (Value)
7.2.5.2.1.1. Food and Beverages
7.2.5.2.1.2. Cosmetics
7.2.5.2.1.3. Pharmaceuticals
7.2.5.3. Germany
7.2.5.3.1. By End Use (Value)
7.2.5.3.1.1. Food and Beverages
7.2.5.3.1.2. Cosmetics
7.2.5.3.1.3. Pharmaceuticals
7.2.5.4. Italy
7.2.5.4.1. By End Use (Value)
7.2.5.4.1.1. Food and Beverages
7.2.5.4.1.2. Cosmetics
7.2.5.4.1.3. Pharmaceuticals
7.2.5.5. Spain
7.2.5.5.1. By End Use (Value)
7.2.5.5.1.1. Food and Beverages
7.2.5.5.1.2. Cosmetics
7.2.5.5.1.3. Pharmaceuticals
7.2.5.6. Rest of Europe
7.2.5.6.1. By End Use (Value)
7.2.5.6.1.1. Food and Beverages
7.2.5.6.1.2. Cosmetics
7.2.5.6.1.3. Pharmaceuticals
8. Asia Pacific Precision Fermentation Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.1.1. By Microbe Type (Value)
8.1.1.1. Bacteria
8.1.1.2. Yeast
8.1.1.3. Algae
8.1.1.4. Fungi
8.1.2. By Ingredient (Value)
8.1.2.1. Egg protein
8.1.2.2. Heme protein
8.1.2.3. Collagen protein
8.1.2.4. Whey and Casein protein
8.1.2.5. Enzymes
8.1.2.6. Others
8.1.3. By Application (Value)
8.1.3.1. Meat and Seafood
8.1.3.2. Dairy Alternatives
8.1.3.3. Egg Alternatives
8.1.3.4. Processed food and beverages
8.1.3.5. Skincare and haircare products
8.1.3.6. Others
8.1.4. By End Use (Value)
8.1.4.1. Food and Beverages
8.1.4.2. Cosmetics
8.1.4.3. Pharmaceuticals
8.1.4.4. Others
8.1.5. By Country (Value)
8.1.5.1. China
8.1.5.1.1. By End Use (Value)
8.1.5.1.1.1. Food and Beverages
8.1.5.1.1.2. Cosmetics
8.1.5.1.1.3. Pharmaceuticals
8.1.5.2. India
8.1.5.2.1. By End Use (Value)
8.1.5.2.1.1. Food and Beverages
8.1.5.2.1.2. Cosmetics
8.1.5.2.1.3. Pharmaceuticals
8.1.5.2.1.4. Others
8.1.5.3. Japan
8.1.5.3.1. By End Use (Value)
8.1.5.3.1.1. Food and Beverages
8.1.5.3.1.2. Cosmetics
8.1.5.3.1.3. Pharmaceuticals
8.1.5.4. Australia
8.1.5.4.1. By End Use (Value)
8.1.5.4.1.1. Food and Beverages
8.1.5.4.1.2. Cosmetics
8.1.5.4.1.3. Pharmaceuticals
8.1.5.5. Thailand
8.1.5.5.1. By End Use (Value)
8.1.5.5.1.1. Food and Beverages
8.1.5.5.1.2. Cosmetics
8.1.5.5.1.3. Pharmaceuticals
8.1.5.6. Singapore
8.1.5.6.1. By End Use (Value)
8.1.5.6.1.1. Food and Beverages
8.1.5.6.1.2. Cosmetics
8.1.5.6.1.3. Pharmaceuticals
8.1.5.7. Rest of APAC
8.1.5.7.1. By End Use (Value)
8.1.5.7.1.1. Food and Beverages
8.1.5.7.1.2. Cosmetics
8.1.5.7.1.3. Pharmaceuticals
9. South America Precision Fermentation Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.1.1. By Microbe Type (Value)
9.1.1.1. Bacteria
9.1.1.2. Yeast
9.1.1.3. Algae
9.1.1.4. Fungi
9.1.2. By Ingredient (Value)
9.1.2.1. Egg protein
9.1.2.2. Heme protein
9.1.2.3. Collagen protein
9.1.2.4. Whey and Casein protein
9.1.2.5. Enzymes
9.1.2.6. Others
9.1.3. By Application (Value)
9.1.3.1. Meat and Seafood
9.1.3.2. Dairy Alternatives
9.1.3.3. Egg Alternatives
9.1.3.4. Processed food and beverages
9.1.3.5. Skincare and haircare products
9.1.3.6. Others
9.1.4. By End Use (Value)
9.1.4.1. Food and Beverages
9.1.4.2. Cosmetics
9.1.4.3. Pharmaceuticals
9.1.4.4. Others
9.1.5. By Country (Value)
9.1.5.1. Brazil
9.1.5.1.1. By End Use (Value)
9.1.5.1.1.1. Food and Beverages
9.1.5.1.1.2. Cosmetics
9.1.5.1.1.3. Pharmaceuticals
9.1.5.2. Argentina
9.1.5.2.1. By End Use (Value)
9.1.5.2.1.1. Food and Beverages
9.1.5.2.1.2. Cosmetics
9.1.5.2.1.3. Pharmaceuticals
9.1.5.3. Rest of South America
9.1.5.3.1. By End Use (Value)
9.1.5.3.1.1. Food and Beverages
9.1.5.3.1.2. Cosmetics
9.1.5.3.1.3. Pharmaceuticals
10. Middle East and Africa Precision Fermentation Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.1.1. By Microbe Type (Value)
10.1.1.1. Bacteria
10.1.1.2. Yeast
10.1.1.3. Algae
10.1.1.4. Fungi
10.1.2. By Ingredient (Value)
10.1.2.1. Egg protein
10.1.2.2. Heme protein
10.1.2.3. Collagen protein
10.1.2.4. Whey and Casein protein
10.1.2.5. Enzymes
10.1.2.6. Others
10.1.3. By Application (Value)
10.1.3.1. Meat and Seafood
10.1.3.2. Dairy Alternatives
10.1.3.3. Egg Alternatives
10.1.3.4. Processed food and beverages
10.1.3.5. Skincare and haircare products
10.1.3.6. Others
10.1.4. By End Use (Value)
10.1.4.1. Food and Beverages
10.1.4.2. Cosmetics
10.1.4.3. Pharmaceuticals
10.1.5. By Country (Value)
10.1.5.1. Israel
10.1.5.1.1. By End Use (Value)
10.1.5.1.1.1. Food and Beverages
10.1.5.1.1.2. Cosmetics
10.1.5.1.1.3. Pharmaceuticals
10.1.5.2. UAE
10.1.5.2.1. By End Use (Value)
10.1.5.2.1.1. Food and Beverages
10.1.5.2.1.2. Cosmetics
10.1.5.2.1.3. Pharmaceuticals
10.1.5.3. Rest of ME&A
10.1.5.3.1. By End Use (Value)
10.1.5.3.1.1. Food and Beverages
10.1.5.3.1.2. Cosmetics
10.1.5.3.1.3. Pharmaceuticals
11. Competitive Matrix
11.1. Strategy Analysis
11.2. Market Revenue Ranking Analysis, By Key Manufacturer
12. Company Profiles
12.1. Perfect Day Inc.
12.1.1. Overview
12.1.2. Description
12.1.3. Microbe Type Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. The Every Co.
12.2.1. Overview
12.2.2. Description
12.2.3. Microbe Type Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. GELTOR
12.3.1. Overview
12.3.2. Description
12.3.3. Microbe Type Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Imagindairy Inc.
12.4.1. Overview
12.4.2. Description
12.4.3. Microbe Type Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Shiru Inc.
12.5.1. Overview
12.5.2. Description
12.5.3. Microbe Type Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Impossible Foods
12.6.1. Overview
12.6.2. Description
12.6.3. Microbe Type Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Change Foods
12.7.1. Overview
12.7.2. Description
12.7.3. Microbe Type Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Vivici
12.8.1. Overview
12.8.2. Description
12.8.3. Microbe Type Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Bon Vivant
12.9.1. Overview
12.9.2. Description
12.9.3. Microbe Type Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Standing Ovation
12.10.1. Overview
12.10.2. Description
12.10.3. Microbe Type Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Strategic Recommendations
14. Appendix

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