Precision Fermentation Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Perfect Day Inc., Impossible Foods Inc., Geltor Inc., The Every Company

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Precision Fermentation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $17.43 billion In 2028 At A CAGR Of 48.1% :

The precision fermentation market size has grown exponentially in recent years. It will grow from $2.48 billion in 2023 to $3.62 billion in 2024 at a compound annual growth rate (CAGR) of 45.7%. The growth in the historic period can be attributed to increased demand for sustainable and alternative protein sources, environmental and resource efficiency, shift towards plant-based and cell-based products, demand for customization and precision in biomanufacturing, nutritional and functional advancements in fermented products..

The precision fermentation market size is expected to see exponentially grown in the next few years. It will grow to $17.43 billion in 2028 at a compound annual growth rate (CAGR) of 48.1%. The growth in the forecast period can be attributed to diversification into various industries beyond food, economic viability and scalability of precision fermentation, rising interest in fermented functional ingredients, global efforts to address food security challenges, integration into circular economy practices.. Major trends in the forecast period include emergence of fermentation as a service (faas), investment and funding in precision fermentation startups, regulatory framework development, focus on carbon footprint reduction, collaborations between industry players..

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Precision Fermentation Market Major Segments
The precision fermentation market covered in this report is segmented -

1) By Ingredient: Whey And Casein Protein, Egg White, Collagen Protein, Heme Protein, Other Ingredients
2) By Microbe: Yeast, Fungi, Algae, Bacteria
3) By Application: Meat And Seafood, Dairy Alternatives, Egg Alternatives
4) By End User: Food And Beverage, Pharmaceutical, Cosmetic, Other End Users

Key Driver - Rising Digestive Problems And Obesity Rates Propel Growth In Precision Fermentation Market

The increasing prevalence of digestive problems and obesity is contributing to the growth of the precision fermentation market. Fermentation ingredients contain lactic acid bacteria, which help to restore and support the digestive system. Moreover, fermentation ingredients help in the reduction of blood pressure and the improvement of cholesterol levels which reduces digestive problems and assists in driving this market. For instance, according to a study conducted by the a US-based Harvard T.H. Chan School of Public Health, by 2030, approximately 50% of the adult population in the United States will be obese, and around 25% population will be severely obese due to growing digestive problems. Therefore, the increasing prevalence of digestive problems and obesity is expected to drive the precision fermentation market going forward.

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Prominent Trend - Advancements In Food Industry Drive Trends In Precision Fermentation Market

Advancements in the food industry have emerged as a key trend in the precision fermentation market. Major companies operating in the food and nutrition sector are focused on developing new advancements in their products to strengthen their position in the market. For instance, in May 2022, Impossible Foods, a US-based food company, introduced Impossible Chicken Nuggets and Impossible Sausage Patties that are made with 100% animal-free ingredients. Impossible Chicken Nuggets are made for chicken lovers and require far fewer resources to produce than animal chicken nuggets. They contain 13 grams of protein per 100-gram serving and have 25% lesser salt than animal chicken nuggets.

Precision Fermentation Market Players
Major companies operating in the precision fermentation market report are Perfect Day Inc., Impossible Foods Inc., Geltor Inc., The Every Company, Motif FoodWorks Inc., MycoTechnology Inc., Mycorena AB, Eden Brew, Change Foods Inc., Formo, Remilk Ltd., Triton Algae Innovations Inc., Melt&Marble AB, FUMI Ingredients BV, Fybraworks Foods Inc., Liberation Labs, New Culture, Lygos Inc., Biomilq, Atlast Food Co., Meati Foods, Bond Pet Foods Inc., TurtleTree Labs, Rebellious Foods, Solar Foods, Air Protein, Miraculex, Kinoko-Tech, Biome Makers Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the precision fermentation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision fermentation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Precision Fermentation Market Report Structure
3. Precision Fermentation Market Trends And Strategies
4. Precision Fermentation Market - Macro Economic Scenario
5. Precision Fermentation Market Size And Growth
…..
27. Precision Fermentation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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