Precision Fermentation Ingredients Market worth $36.3 billion by 2030 - Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 23, 2023 /PRNewswire/ -- The Precision Fermentation Ingredients Market is estimated at USD 2.8 billion in 2023 and is projected to reach USD 36.3 billion by 2030, at a CAGR of 44.0% from 2023 to 2030 according to a new report by MarketsandMarkets™. Production of precision-fermented ingredients with a less carbon footprint is expected to drive the precision fermentation ingredients market. Growing demand for precision fermentation ingredients stems from its capacity to meticulously craft precise molecules and ingredients, fostering innovation across food, pharmaceutical, and cosmetics sectors, and enabling distinct and unparalleled product development.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=30824914

Browse in-depth TOC on "Precision Fermentation Ingredients Market"

250 – Tables
40 – Figures
250 – Pages

The Cosmetics & others segment is projected to grow at the highest CAGR in the precision fermentation ingredients market

The cosmetics & others segment is poised for remarkable growth, projected to achieve the highest CAGR in the precision fermentation ingredients market. This growth aligns with the 2022 cosmetic trend, driven by its profound and lasting benefits. Fermented cosmetic products offer deeper nourishment as the breakdown of substances enhances skin absorption of vital nutrients. Unlike non-fermented alternatives, these products ensure more nutrients effectively penetrate the skin. Geltor emerges as a key player in this domain, specializing in fermented cosmetics catering to hair and skincare needs.

The meat & seafood segment is expected to witness the highest CAGR in the food & beverages precision fermentation ingredients market.

Precision fermentation employs microorganisms like yeast, bacteria, fungi, and algae to create plant-based proteins and fats for meat alternatives. These alternatives offer meat-like tenderness, juiciness, and improved nutrition, aligning with the rising demand for sustainable and health-conscious food choices. The segment's growth implies the market's shift towards sustainable and healthier dietary choices, reflecting consumers' preferences for environmentally friendly and nutritious options.

The heme protein segment is projected to experience the highest CAGR in the precision fermentation ingredients market

Precision fermentation ingredients harnesses microbial processes, predominantly employing genetically modified yeast strains such as Saccharomyces cerevisiae, to synthesize heme proteins. This method presents an eco-friendly and effective route for heme production, eradicating the need for animal-derived sources. The United States stands as a focal point for research and development in precision fermentation ingredients, notably in producing heme proteins for plant-based meat alternatives. Industry frontrunners like MycoTechnology Inc. and Impossible Foods, both US-based, exemplify the nation's leadership in propelling precision fermentation ingredients market progress. Driven by the expanding alternative protein realm, fermentation experiences a surge in demand due to robust technological strides across various food industry applications.

The bacteria segment is projected to grow at the highest CAGR in the precision fermentation ingredients market

Within microbe categories like yeast, fungi, bacteria, and algae, bacteria are extensively utilized in both anaerobic fermentation for organic acids and alcohols and aerobic fermentation for enzyme production. Lactic acid bacteria (LAB) and Bacillus species, including B. subtilis, B. amyloliquefaciens, B. licheniformis, and B. megaterium, contribute to lactic acid, antibiotics, enzymes, biopolymers, and surfactins production. Companies like Perfect Day incorporate microbes, even archaebacteria, into their products. Archaebacteria differ chemically, reproducing asexually and utilizing diverse energy sources, dating back to Earth's earliest life forms, preceding bacteria.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=30824914

The Asia Pacific region is projected to grow at the highest CAGR in the precision fermentation ingredients market during the forecast period

The key factors driving the Asia Pacific precision fermentation ingredients market are the rapid urbanization and changing lifestyles that have led to an increased demand for specialized products, such as alternative proteins and sustainable ingredients, which precision fermentation excels in producing. The region's focus on technological advancements and innovation aligns with precision fermentation ingredient's cutting-edge nature, fostering a thriving ecosystem for research and development. Additionally, Consumer willingness to adopt innovative products is evident across countries, extending beyond curiosity to active purchasing intent. Also, investments and expansions in the region drive the growth of the Asia Pacific market.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Geltor (US), Perfect Day, Inc. (US), The Every Co. (US), Impossible Foods Inc. (US), and Motif FoodWorks, Inc. (US).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=30824914

Browse Adjacent Reports @ Food and Beverage Market Research Reports & Consulting

Related Reports:

 Cultured Meat Market by Source (Poultry, Beef, Seafood, Pork, and Duck), End-Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2032

Dairy Alternatives Market by Source (Soy, Almond, Coconut, Oats, Rice, Hemp), Application (Milk, Yogurt, Ice creams, Cheese, Creamers), Distribution Channel (Supermarkets, Health Food Stores, Pharmacies), Formulation and Region - Forecast to 2028

Meat Substitutes Market by Product (Tofu, Tempeh, Textured Vegetable Protein, Seitan, Quorn and Other Product), Source (Soy Protein, Wheat Protein, Pea Protein and Other Sources), Types (Concentrates, Isolates and Textured), Form (Solid, Liquid), Category (Frozen, Refrigerated and Shelf Table) and Region (North America, Europe, Asia Pacific, Rest of the World) - Forecast 2027

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/precision-fermentation-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/precision-fermentation.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg