Precision Fermentation Market Expected to Reach USD 48.16 Billion by 2031: Top key players - Geltor, Perfect Day, Inc., The Every Co.

The latest report published by DataM Intelligence highlights the growth prospects of Precision Fermentation market. The industry expansion is majorly driven by developments in technology across the globe.

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The Global Precision Fermentation Market reached US$ 3.16 billion in 2023 and is expected to reach US$ 48.16 billion by 2031, growing with a CAGR of 40.56% during the forecast period 2024-2031.

The Precision Fermentation Market involves using advanced microbial fermentation techniques to produce specific ingredients like proteins, enzymes, and fats without animals. By programming microbes to create these compounds, it offers a sustainable, ethical alternative to traditional methods. This technology is transforming food, cosmetics, and pharmaceutical industries by enabling cleaner, more efficient production of high-quality, animal-free products.

Competitive Evaluation:

Companies covered in this report are Geltor, Perfect Day, Inc., The Every Co., Impossible Foods Inc., Motif FoodWorks, Inc., Imagindairy Ltd., Shiru, Inc., Formo, Eden Brew and Change Foods.

The Precision Fermentation Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

In February 2024, Nestlé SA launched its first-ever dairy protein powder made using precision fermentation. This innovative whey isolate is both animal-free and lactose-free, marking a significant step for the company in strengthening its presence in the functional nutrition space.

In February 2024, Vivici-a joint venture between Fonterra and DSM-Firmenich-announced plans to produce whey protein at an industrial scale using precision fermentation. This move is aimed at meeting the rising demand for animal-free protein alternatives in the U.S. market.

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Precision Fermentation Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Microbe: 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-User: Food and Beverages, Cosmetics, Pharmaceuticals, Others.

Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Precision Fermentation market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

In terms of geographical analysis, Precision Fermentation Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Precision Fermentation industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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