North America Precision Fermentation Market Size, Share & Industry Trends Analysis Report By Microbe, By Application (Dairy Alternatives, Meat & Seafood, Egg Alternatives and Others), By Ingredient, By Country and Growth Forecast, 2022 - 2028
Description
North America Precision Fermentation Market Size, Share & Industry Trends Analysis Report By Microbe, By Application (Dairy Alternatives, Meat & Seafood, Egg Alternatives and Others), By Ingredient, By Country and Growth Forecast, 2022 - 2028
The North America Precision Fermentation Market would witness market growth of 40.8% CAGR during the forecast period (2022-2028).
When creating a precision fermentation process, there are a number of factors to consider. Choosing the best producing microorganism, streamlining the cultivation procedure, and scaling up the procedure are a few of these aspects. To conduct a precise fermentation process from conception to completion, effective teamwork involving multiple groups, including downstream processing, fermentation, purification, as well as strain engineering, is required. Despite the extensive history of microbial fermentation in food and industrial biotechnology, there is still a ton of unrealized opportunities for innovation.
Due to the enormous biodiversity of microbial species along with their nearly infinite capacity for biological synthesis, fermentation-based methods hold a tremendous amount of potential for the development of novel alternative protein solutions. The five core areas of feedstock optimization, target design and selection, bioprocess design, strain development, and end-product formulation and manufacturing can be used to segment opportunities for developing fermentation.
The food and beverage sector of the region is rapidly expanding in the United States. According to the National Institute of Standard and Technology, the third-largest contributor to the overall manufacturing gross domestic product in the United States is the food and beverage sector. Over 1.8 million people are employed in the sector as a whole, and more than 75% of the 27,000 food manufacturers in the US employ fewer than 100 people. The Food Safety Modernization Act compliance, adopting sustainable packaging and production methods, technological developments, and other issues are only a few of the difficulties faced by the food manufacturing industry.
The US market dominated the North America Precision Fermentation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,035 million by 2028. The Canada market is poised to grow at a CAGR of 44% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 42.7% during (2022 - 2028).
Based on Microbe, the market is segmented into Yeast, Fungi, Algae and Bacteria. Based on Application, the market is segmented into Dairy Alternatives, Meat & Seafood, Egg Alternatives and Others. Based on Ingredient, the market is segmented into Enzymes, Heme Protein, Egg White, Collagen Protein, Whey & Casein Protein and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Motif FoodWorks, Inc., Perfect Day, Inc., Geltor, Inc., Nourish Ingredients Pty Ltd., The Every Company, Impossible Foods, Inc., Shiru, Inc., Mycorena AB, Remilk Ltd., and Triton Algae Innovations, Ltd.
Scope of the Study
Market Segments covered in the Report:
By Microbe
The North America Precision Fermentation Market would witness market growth of 40.8% CAGR during the forecast period (2022-2028).
When creating a precision fermentation process, there are a number of factors to consider. Choosing the best producing microorganism, streamlining the cultivation procedure, and scaling up the procedure are a few of these aspects. To conduct a precise fermentation process from conception to completion, effective teamwork involving multiple groups, including downstream processing, fermentation, purification, as well as strain engineering, is required. Despite the extensive history of microbial fermentation in food and industrial biotechnology, there is still a ton of unrealized opportunities for innovation.
Due to the enormous biodiversity of microbial species along with their nearly infinite capacity for biological synthesis, fermentation-based methods hold a tremendous amount of potential for the development of novel alternative protein solutions. The five core areas of feedstock optimization, target design and selection, bioprocess design, strain development, and end-product formulation and manufacturing can be used to segment opportunities for developing fermentation.
The food and beverage sector of the region is rapidly expanding in the United States. According to the National Institute of Standard and Technology, the third-largest contributor to the overall manufacturing gross domestic product in the United States is the food and beverage sector. Over 1.8 million people are employed in the sector as a whole, and more than 75% of the 27,000 food manufacturers in the US employ fewer than 100 people. The Food Safety Modernization Act compliance, adopting sustainable packaging and production methods, technological developments, and other issues are only a few of the difficulties faced by the food manufacturing industry.
The US market dominated the North America Precision Fermentation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,035 million by 2028. The Canada market is poised to grow at a CAGR of 44% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 42.7% during (2022 - 2028).
Based on Microbe, the market is segmented into Yeast, Fungi, Algae and Bacteria. Based on Application, the market is segmented into Dairy Alternatives, Meat & Seafood, Egg Alternatives and Others. Based on Ingredient, the market is segmented into Enzymes, Heme Protein, Egg White, Collagen Protein, Whey & Casein Protein and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Motif FoodWorks, Inc., Perfect Day, Inc., Geltor, Inc., Nourish Ingredients Pty Ltd., The Every Company, Impossible Foods, Inc., Shiru, Inc., Mycorena AB, Remilk Ltd., and Triton Algae Innovations, Ltd.
Scope of the Study
Market Segments covered in the Report:
By Microbe
- Yeast
- Fungi
- Algae
- Bacteria
- Dairy Alternatives
- Meat & Seafood
- Egg Alternatives
- Others
- Enzymes
- Heme Protein
- Egg White
- Collagen Protein
- Whey & Casein Protein
- Others
- US
- Canada
- Mexico
- Rest of North America
- Motif FoodWorks, Inc.
- Perfect Day, Inc.
- Geltor, Inc.
- Nourish Ingredients Pty Ltd.
- The EVERY Company
- Impossible Foods, Inc.
- Shiru, Inc.
- Mycorena AB
- Remilk Ltd.
- Triton Algae Innovations, Ltd.
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
63 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Precision Fermentation Market, by Microbe
- 1.4.2 North America Precision Fermentation Market, by Application
- 1.4.3 North America Precision Fermentation Market, by Ingredient
- 1.4.4 North America Precision Fermentation Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market composition and scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Strategies Deployed in Precision Fermentation Market
- Chapter 4. North America Precision Fermentation Market by Microbe
- 4.1 North America Yeast Market by Country
- 4.2 North America Fungi Market by Country
- 4.3 North America Algae Market by Country
- 4.4 North America Bacteria Market by Country
- Chapter 5. North America Precision Fermentation Market by Application
- 5.1 North America Dairy Alternatives Market by Country
- 5.2 North America Meat & Seafood Market by Country
- 5.3 North America Egg Alternatives Market by Country
- 5.4 North America Others Market by Country
- Chapter 6. North America Precision Fermentation Market by Ingredient
- 6.1 North America Enzymes Market by Country
- 6.2 North America Heme Protein Market by Country
- 6.3 North America Egg White Market by Country
- 6.4 North America Collagen Protein Market by Country
- 6.5 North America Whey & Casein Protein Market by Country
- 6.6 North America Others Market by Country
- Chapter 7. North America Precision Fermentation Market by Country
- 7.1 US Precision Fermentation Market
- 7.1.1 US Precision Fermentation Market by Microbe
- 7.1.2 US Precision Fermentation Market by Application
- 7.1.3 US Precision Fermentation Market by Ingredient
- 7.2 Canada Precision Fermentation Market
- 7.2.1 Canada Precision Fermentation Market by Microbe
- 7.2.2 Canada Precision Fermentation Market by Application
- 7.2.3 Canada Precision Fermentation Market by Ingredient
- 7.3 Mexico Precision Fermentation Market
- 7.3.1 Mexico Precision Fermentation Market by Microbe
- 7.3.2 Mexico Precision Fermentation Market by Application
- 7.3.3 Mexico Precision Fermentation Market by Ingredient
- 7.4 Rest of North America Precision Fermentation Market
- 7.4.1 Rest of North America Precision Fermentation Market by Microbe
- 7.4.2 Rest of North America Precision Fermentation Market by Application
- 7.4.3 Rest of North America Precision Fermentation Market by Ingredient
- Chapter 8. Company Profiles
- 8.1 Motif FoodWorks, Inc.
- 8.1.1 Company Overview
- 8.1.2 Recent strategies and developments:
- 8.1.2.1 Partnerships, Collaborations, and Agreements:
- 8.1.2.2 Product Launches and Product Expansions:
- 8.2 Perfect Day, Inc.
- 8.2.1 Company Overview
- 8.2.2 Recent strategies and developments:
- 8.2.2.1 Partnerships, Collaborations, and Agreements:
- 8.3 Geltor, Inc.
- 8.3.1 Company Overview
- 8.3.2 Recent strategies and developments:
- 8.3.2.1 Product Launches and Product Expansions:
- 8.4 Nourish Ingredients Pty Ltd.
- 8.4.1 Company Overview
- 8.4.2 Recent strategies and developments:
- 8.4.2.1 Partnerships, Collaborations, and Agreements:
- 8.5 The EVERY Company
- 8.5.1 Company Overview
- 8.5.2 Recent strategies and developments:
- 8.5.2.1 Product Launches and Product Expansions:
- 8.6 Impossible Foods, Inc.
- 8.6.1 Company Overview
- 8.7 Shiru, Inc.
- 8.7.1 Company Overview
- 8.8 Mycorena AB
- 8.8.1 Company Overview
- 8.9 Remilk Ltd.
- 8.9.1 Company Overview
- 8.10. Triton Algae Innovations, Ltd.
- 8.10.1 Company Overview
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
