The Precision Fermentation Market is Estimated To Reach USD 34.9 Billion By 2031, Growing at a CAGR of 40.5% | Valuates Reports

News provided by

10 Aug, 2023, 15:00 GMT

BANGALORE, India, Aug. 10, 2023 /PRNewswire/ -- Precision Fermentation Market by Application (Meat, Seafood, Dairy, Egg, Others), by Microbe (Bacteria, Yeast, Algae, Fungi, Others), by Ingredient (Egg White, Whey and Casein Protein, Collagen Protein, Heme Protein), by End User (Food and Beverage, Pharmaceutical, Cosmetic, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031. It is published in Valuates Reports under the Pharmaceuticals & Biotech Category.

The global precision fermentation market size was valued at USD 1.3 billion in 2021 and is estimated to reach USD 34.9 billion by 2031, growing at a CAGR of 40.5% from 2022 to 2031.

Major Factors Driving The Growth of Precision Fermentation Market

The Global Precision Fermentation Market is expanding as a result of factors including increased innovation and investment, rising protein demand globally, and shifting consumer preferences and tastes.

The demand for precise fermentation is also being driven by the increasing acceptability of vegetarian and vegan lifestyles. These modifications can be ascribed to the rising number of vegans as well as increased consumer awareness of the unfair and inhumane treatment of animals in the food industry.

Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/ALLI-Manu-4A78/precision-fermentation

TRENDS INFLUENCING THE GROWTH OF PRECISION FERMENTATION MARKET

The Precision Fermentation Market is being driven by an increase in protein demand globally, shifting consumer preferences and tastes, and increased innovation and investment. Alternative proteins are becoming more and more popular among consumers in wealthy nations. For many years, meat has been the primary source of protein in developed countries, and in recent years, traditional protein has seen an increase in popularity in developing areas. However, the market for alternative proteins is expanding as a result of shifting consumer preferences and interest in sources of alternative protein, which is partly driven by concerns about animal welfare, the environment, and health. A number of new players in the alternative-protein sector are already releasing innovative products and components, and some are working to establish themselves as market leaders.

The demand for precise fermentation is being driven by the increasing adoption of vegetarian and vegan lifestyles. An increasing vegan population's need for more products free of animal products has increased the manufacturing cost of precise fermentation for the protein mixture without the use of animal proteins or lipids. The gene, which is typically encoded by animal DNA, is produced by genetically modified yeast or fungus in this marketing strategy. The next step is to use bacteria to create the desired product, which mimics the appearance, flavor, and nutritional value of real animal products. The most pressing problems facing the earth, including climate change, environmental deterioration, and land conversion, are also helped by precision fermentation.

Precision fermentation, also known as bacterial and microbial fermentation, is a method that is increasingly in demand for the production of biopharmaceuticals including recombinant proteins and bioconjugates. Prior to the development of smaller, more complicated next-generation pharmaceuticals, microbial fermentation was preferred over mammalian cell culture. However, the trend is now returning to microbial fermentation.

Additional factors contributing to the growth of the global precision fermentation market include increasing funding and investment in the process and technologies for precision fermentation, the rising popularity of cultured meat among consumers, consumers' growing interest in eating a plant-based diet, the rise in cases of food allergies, the rising demand for nutrition, and unmatched food safety.

Get Your Sample Today: https://reports.valuates.com/request/sample/ALLI-Manu-4A78/Precision_Fermentation_Market

PRECISION FERMENTATION MARKET SHARE ANALYSIS

Based on application, the meat sub-segment is predicted to develop at the quickest rate over the projected period, while the dairy sub-segment became the global leader in 2021.

According to microorganisms, the bacteria sub-segment is expected to develop at the quickest rate in the following years, while the algae sub-segment will become the world leader in 2021.

The egg white sub-segment, which is based on ingredients, became the global leader in 2021 and is predicted to increase at the fastest rate over the projection period.

The food and beverage sub-segment, based on end users, became the global leader in 2021 and is predicted to expand the quickest throughout the course of the forecast period.

Inquire For Customization : https://reports.valuates.com/request/customisation/ALLI-Manu-4A78/Precision_Fermentation_Market

Market By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Inquire For Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-4A78/Precision_Fermentation_Market

Key players

Perfect Day Inc
Impossible Foods, Inc.
Geltor
Eden Brew
Imagindairy Ltd.
Motif FoodWorks
Nourish Ingredients
Shiru
FUMI Ingredients
Change Foods

Inquire For Chapter Cost : https://reports.valuates.com/request/chaptercost/ALLI-Manu-4A78/Precision_Fermentation_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-4A78&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

- Global Alternative Protein Fermentation Market Research Report 2023

- Global Biomass Utilization System Market Research Report 2023

- Global Frozen Edamame Market Research Report 2023

- Fermentation Brewing Equipment Sales Market

- Biological Fermentation Tanks Market

- Fermentation Defoamer Market

- Microbial Fermentation Service Market

- Animal Feed Fermentation Probiotics Market

- Microbial Fermentation Technology for Bio Pharmaceutical Industries Market

- Wine Fermentation Equipment Market

- Biological Fermentation Defoamer Market

- Fermentation Box Market

- Alcohols and Enzymes Fermentation Craft Developing Market

- The global plant extract market is estimated to be worth USD 17790 million in 2022 and is projected to reach USD 31170 million by 2028 with a CAGR of 9.8% during the forecast period.

- The global cocoa market size was valued at USD 12874.0 million in 2019 and is projected to reach USD 15501.1 million by 2027 registering a CAGR of 4.3% from 2021 to 2027.

- The functional food market size was valued at USD 177,770.00 Million in 2019 and is estimated to reach USD 267,924.40 Million by 2027, registering a CAGR of 6.7% from 2021 to 2027.

- The global Sweet Potato Starch market size is estimated to be worth USD 673.5 million in 2022 and is forecast to be a readjusted size of USD 837.5 million by 2028 with a CAGR of 3.7% during the review period.

- The global Vegan Cosmetics market size is projected to reach USD 21780 million by 2028, from USD 15960 million in 2021, at a CAGR of 4.5% during 2022-2028.

- The global Nutritional Analysis market size is projected to reach USD 4733.1 million by 2027, from USD 3360 million in 2020, at a CAGR of 5.0% during 2021-2027.

- The global Fermentation Chemical market was valued at USD 147490 million in 2022 and is anticipated to reach USD 176900 million by 2029, witnessing a CAGR of 2.6% during the forecast period 2023-2029.

- Global Fish Fermentation Market Research Report 2023

- The global Microbial Fermentation Technology market was valued at USD 1697560 million in 2022 and is anticipated to reach USD 2367420 million by 2029, witnessing a CAGR of 5.7% during the forecast period 2023-2029.

- Global Yeast Fermentation Tank Market

- Global Contract Pharmaceutical Fermentation Services Market Insights, Forecast to 2029

- Global Biological Fermentation Tanks Market Research Report 2023

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports

sales@valuates.com

For U.S. Toll-Free Call 1-(315)-215-3225

For IST Call +91-8040957137

WhatsApp: +91-9945648335

Website: https://reports.valuates.com

Twitter - https://twitter.com/valuatesreports

Sitemap: https://reports.valuates.com/sitemap/html/reports

https://reports.valuates.com/sitemap/html/reports/711

https://reports.valuates.com/sitemap/html/reports/722

Logo - https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg