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Emerging Synthetic Food Market Trends: Growing Emphasis On Investments In Synthetic Food Shaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Synthetic Food Market Size Growth Forecast: What to Expect by 2025?
In recent years, the synthetic food market has witnessed robust growth. Projected to rise from $17.57 billion in 2024 to $18.71 billion in 2025, it enjoys a compound annual growth rate (CAGR) of 6.4%. Factors such as population increase, surge in urbanization, evolving food preferences, growing awareness about health and the global expansion of food supply chains have contributed to this growth in the past.
How Will the Synthetic Food Market Size Evolve and Grow by 2029?
The market size of synthetic food is predicted to experience a considerable expansion in the coming years. There is an anticipation of its development up to $23.54 billion by 2029 with a compound annual growth of 5.9%. The surge during the forecast time frame can be credited to factors such as a burgeoning population, an escalating demand for renewable food sources, the growing consciousness about personalized nutrition, the unfolding of additional protein sources, and government actions endorsing synthetic food. Significant trends during the forecast period comprise the invention of plant-based and lab-engineered substitutes, trends in personalized nutrition, concentration on sustainability in food manufacturing, the augmented employment of precise fermentation, and the mounting popularity of 3D-printed food.
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What Drivers Are Propelling the Growth of Synthetic Food Market Forward?
The synthetic food market is predicted to experience significant growth owing to the rising demand for alternative protein sources. These are proteins derived from vegetables, animals, or cells produced via fermentation. The escalating need for protein has led to the food sector coming up with swift innovations in various categories like lab-cultivated meat, plant-based meat, single-cell proteins from yeast or algae, and consumable insects. Hence, synthetic food and alternative proteins are a critical part of the bigger trend aimed at evolving sustainable and healthy dietary habits. For example, as per the National Research Council Canada, a government research agency based in Canada, in August 2022, it was forecasted that the demand for alternative proteins in Canada, including plant-based proteins, was projected to increase by 14% each year until 2024. By 2054, the total protein requirement is projected to double, reaching 943.5 million metric tons. Consequently, the escalating demand for alternative protein sources fuels the growth of the synthetic food market.
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Which Emerging Trends Are Transforming the Synthetic Food Market in 2025?
In the synthetic food market, dominant corporations are putting their resources into synthetic food innovations and improvement of production methods. Their goals are to boost the nutritional content of food products, satisfy the increasing demand for sustainable and alternate protein sources, diminish the environmental footprint, and combat food security issues. This is being done through seed funding investments from notable investors in the biotech and foodtech industries, who aim to transform the alternative meat market with creative solutions. For instance, Cultimate Foods, a food products manufacturer based in Berlin, secured USD 2.48 million (€2.3 million) in seed fundings in April 2024 to augment its production facilities and spread its business in the alternative meat sector. It's worth noting that the startup's technology does more than just enhancing taste. It also helps decrease dependence on intensive animal agriculture and reduce climate change effects by lowering CO2 emissions.
What Are the Key Segments in the Synthetic Food Market?
The synthetic food market covered in this report is segmented -
1) By Product: Synthetic Color, Enzymes, Hydrocolloids, Antioxidants, Flavor And Fragrances, Fats And Oils
2) By Distribution: Super markets, Conventional Stores, Online
3) By Application: Beverages, Dairy And Frozen Products, Bakery And Confectionery, Meat, Poultry And Seafood, Processed Food, Convenience Food And Beverages, Sauces And Dressings
Subsegments:
1) By Synthetic Color: Artificial Colorants, Natural Colorants
2) By Enzymes: Amylases, Proteases, Lipases, Cellulases, Other Enzymes
3) By Hydrocolloids: Gums, Gelatin, Pectins, Carrageenan
4) By Antioxidants: Synthetic Antioxidants, Other Antioxidants
5) By Flavor And Fragrances: Synthetic Flavors, Synthetic Fragrances
6) By Fats And Oils: Synthetic Fats, Margarine And Shortening
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Who Are the Key Players Shaping the Synthetic Food Market's Competitive Landscape?
Major companies operating in the synthetic food market include BASF SE, Archer Daniels Midland Company, Royal DSM N.V, Symrise AG, Döhler Group SE., Chr. Hansen A/S, Beyond Meat, Naturex S.A., Believer Meats, Impossible Foods, Flavorchem Corporation, UPSIDE Foods Inc., Mosa Meat, Food Products Ltd., Meatable, Aleph Farms Ltd., Motif FoodWorks Inc., GOOD Meat, SuperMeat, IntegriCulture Inc., Fiorio Colori S.R.L, Multus Biotechnology Ltd., BioBetter Ltd., Frutarom Industries Ltd.
What Geographic Markets Are Powering Growth in the Synthetic Food Market?
North America was the largest region in the synthetic food market in 2024. The regions covered in the synthetic food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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