Precision Fermentation Market worth $7.12 billion by 2030, growing at a CAGR of 12.84% - Exclusive Report by 360iResearch

The "Precision Fermentation Market by Microbe (Algae, Bacteria, Fungi), Ingredient (Collagen Protein, Egg White, Enzymes), Application, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Precision Fermentation Market to grow from USD 3.05 billion in 2023 to USD 7.12 billion by 2030, at a CAGR of 12.84%.

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Precision fermentation refers to a novel food technology utilizing genetically modified microorganisms to produce specific proteins, enzymes, and other compounds. Precision fermentation is used in both the food industry and pharmaceutical industries to produce biopharmaceuticals and in the petroleum and diesel industries to produce microbe-based fuels. The driving growth factors for the growth of the precision fermentation industry include rising consumer awareness regarding the consumption of healthy food and increasing government regulations towards animal welfare. Additionally, expanding acceptance of vegan and vegetarian diets across the world has further cemented the adoption of precision fermentation to cater to consumer demand for alternative dairy and protein sources. However, the initial establishment cost for precision fermentation technologies is high, and challenges around scale-up often result in high production costs. Furthermore, consumer acceptance of products produced through this technology may be slow to gain momentum due to unfamiliarity and perceived artificiality of the technology. However, efforts by major manufacturers and government organizations about the health and environmental benefits of the adoption of precision fermentation can overcome challenges related to unfamiliarity with the technology. Key areas of growth include investing in technologies that increase yield or make the fermentation process more efficient and sustainable.

In the Americas, the United States leads the adoption and demand for precision fermentation, primarily due to its robust biotechnology sector, extensive research and development, and investment in innovation. The market is stimulated by the food and beverage industry's urge to produce novel, sustainable, and cost-effective plant-based proteins using precision fermentation. The growing trend towards veganism and plant-based diets has further compounded this demand. Europe exhibits a significant application of precision fermentation in the brewing industry, where specific strains of yeast and bacteria are controlled to produce desired characteristics in alcoholic beverages. The shift towards personalized and health-centric products propels the use of precision fermentation. Moreover, European regulations encouraging sustainability and reduction in greenhouse gas emissions and ethical standards concerning animal cruelty have engendered interest in precision fermentation as a renewable and cruelty-free method of protein production. In the APAC region, precision fermentation's adoption is driven by the region's burgeoning food and drink sector, particularly in countries such as China, Japan, and South Korea. The utilization of precision fermentation is significant in the fermentation of traditional food and beverages, dairy alternatives, and the production of clean meat. The region is also characterized by the presence of emerging startups that are actively exploring alternative dairy products and vegan food items.

Market Segmentation & Coverage:

This research report categorizes the Precision Fermentation Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Microbe, market is studied across Algae, Bacteria, Fungi, and Yeast. The Bacteria is projected to witness significant market share during forecast period.

Based on Ingredient, market is studied across Collagen Protein, Egg White, Enzymes, Heme Protein, and Whey & Casein Protein. The Enzymes is projected to witness significant market share during forecast period.

Based on Application, market is studied across Dairy Alternatives, Egg Alternatives, and Meat & Seafood. The Dairy Alternatives is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Cosmetic, Food & Beverage, and Pharmaceutical. The Food & Beverage is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.51% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Precision Fermentation Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Precision Fermentation Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Precision Fermentation Market, highlighting leading vendors and their innovative profiles. These include Cargill, Incorporated, Cauldron Ferm, Change Foods, Inc., De Novo Foodlabs, Eden Brew Pty Ltd., Evonik Industries AG, Fonterra Co-operative Group Limited, Formo, Fybraworks Foods, Inc., Geltor, Inc., Helaina Inc., ICL Food, Imagindairy Ltd., Impossible Foods Inc., KeyLeaf Life Sciences, Koninklijke DSM N.V., Liberation Labs Holdings, Inc., Melt&Marble AB, Motif FoodWorks, Inc., Mycorena AB, MycoTechnology, Inc., Nourish Ingredients Pty Ltd., Novozymes, Onego Bio Ltd., Perfect Day, Inc., Remilk Ltd., Shiru, Inc., The Archer-Daniels-Midland Company, The Every Company, and Triton Algae Innovations, Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Precision Fermentation Market, by Microbe
7. Precision Fermentation Market, by Ingredient
8. Precision Fermentation Market, by Application
9. Precision Fermentation Market, by End-User
10. Americas Precision Fermentation Market
11. Asia-Pacific Precision Fermentation Market
12. Europe, Middle East & Africa Precision Fermentation Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Precision Fermentation Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Precision Fermentation Market?
3. What is the competitive strategic window for opportunities in the Precision Fermentation Market?
4. What are the technology trends and regulatory frameworks in the Precision Fermentation Market?
5. What is the market share of the leading vendors in the Precision Fermentation Market?
6. What modes and strategic moves are considered suitable for entering the Precision Fermentation Market?

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