The Global Precision Fermentation Market was valued at USD293.75 Million in 2021 and is forecast to grow at a CAGR of 38.73%, during the forecast period due to the growing inclination of population towards being vegan and decreasing dependency on animal-based food. Precision fermentation also helps in planet’s most significant issues like land conversion, environmental degradation, and climate change.

Furthermore, increasing investments is one of the drivers which is driving the market of precision fermentation. Many startups are entering in this process because this process can form many complex organic compounds without incorporating animals. No dependency on weather is also a major factor behind the significant growth of precision fermentation’s market. This process is performed under specific conditions in bioreactors for large scale production of dairy products, proteins, etc.

Growing Adoption of Vegan

In a study conducted by the Food Revolution Organization in 2018, 50% of participants backed the slaughterhouse ban. Additionally, respondents admitted that they are concerned about how animals are treated in the food industry, which is why customers are gravitating toward items made without using animals. Manufacturers release various plant-based products in the market that include animal-free ingredients from various sources such as plants and microbes to satisfy the need of vegan consumers. Thus, the increasing adoption of a vegan lifestyle drives the precision fermentation market.

Decreasing dependency on Animal based products

Due to the COVID-19 pandemic and the War in Ukraine, there’s a shortage of food worldwide, and traditional production processes require much time. This is the reason why consumers rely more on alternative products. This crisis depicts the human dependency on plant crops and animal farming for food production. Precision fermentation is an emerging form of food production based on cellular agriculture by manipulating DNA sequences of animal cells or microorganisms. Food production from microorganisms is independent of any weather change, so it also allows the production of seasonal crops.

Cultured Meat Production

Worldwide, the population is growing, as the consumption meat is also increasing. Many companies are using substitute technique i.e., precision fermentation to produce meat. By using precision fermentation heme proteins are produced which enhance the colour and taste of meat.


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Market Segmentation

The Global Precision Fermentation Substitute Market is segmented based on Ingredient Produced, Microbes, End User Industry, and Region’s distribution. Based on Ingredient Produced, the market can be split into Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others. Based on Microbes, the market can be divided into Yeast, Algae, Bacteria, Others. Based on End User Industry, the market is divided into Food & Beverage, Pharmaceutical, Cosmetic, Others. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East & Africa and South America region. United States was the largest market in the North America region and stood at USD119.79 million.

Company Profiles

New Culture Inc, Perfect Day, Triton Algae Innovations, Change Foods, Remilk, Impossible Foods, Motif FoodWorks, Formo Bio Gmbh, The Every Company, Geltor Inc., Better Dairy are among the major market players in the global platform that lead the market growth of the global precision fermentation market.

Attribute

Details

Market size value in 2021

USD 293.75 Million

Revenue Forecast in 2027

USD 2079.24 Million

United States Market size value 2021

USD 119.79 Million

Growth Rate

38.73%

Base Year

2021

Historical Years

2017 – 2027

Estimated Year

2022

Forecast Period

2021 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Ingredient Produced

·         Microbes

·         End User Industry

Regional Scope

North America; Europe; Asia Pacific; Middle East & Africa; South America

Key Companies Profiled

New Culture Inc, Perfect Day, Triton Algae Innovations, Change Foods, Remilk, Impossible Foods, Motif FoodWorks, Formo Bio Gmbh, The Every Company, Geltor Inc., Better Dairy

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)


Report Scope:

In this report, Global Precision Fermentation Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Precision Fermentation Market, By Ingredient Produced:
    • Whey & Casein Protein
    • Egg White
    • Collagen Protein
    • Heme Protein
    • Others
  • Precision Fermentation Market, By Microbes:
    • Yeast
    • Algae
    • Bacteria
    • Others
  • Precision Fermentation Market, By End User Industry:
    • Food & Beverage
    • Pharmaceutical
    • Cosmetic
    • Orthers
  • Precision Fermentation Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • Belgium
      • United Kingdom
      • France
      • Spain
      • Sweden
      • Denmark
      • Italy
    • Asia-Pacific
      • China
      • Australia
      • India
      • Japan
      • Singapore
      • South Korea
    • Middle East & Africa
      • Israel
      • UAE
      • South Africa
      • Turkey
      • Saudi Arabia
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Precision Fermentation substitute market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Precision Fermentation Market

5.    Voice of Customer

5.1.  Preferably Used Microbes in Precision Fermentation, 2021

5.2.  Factors For Ingredient and Strain Identification, 2021

5.3.  Benefits of producing ingredients through Precision Fermentation, 2021

5.4.  Barriers to Adoption of Precision Fermentation, 2021

6.    List of Commercialized Products produced through Precision Fermentation

7.    Global Precision Fermentation Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Ingredient Produced (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others)

7.2.2.     By Microbe (Yeast, Algae, Bacteria, Others)

7.2.3.     By End User Industry (Food & Beverage, Pharmaceutical, Cosmetic, Others)

7.2.4.     By Region

7.2.5.     By Company (2021)

7.3.  Market Map

8.    North America Precision Fermentation Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Ingredient Produced

8.2.2.     By Microbe

8.2.3.     By End User Industry

8.2.4.     By Country

8.3.  North America: Country Analysis

8.3.1.     United States Precision Fermentation Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Ingredient Produced

8.3.1.2.2.             By Microbe

8.3.1.2.3.             By End User Industry

8.3.2.     Canada Precision Fermentation Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Ingredient Produced

8.3.2.2.2.             By Microbe

8.3.2.2.3.             By End User Industry

8.3.3.     Mexico Precision Fermentation Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Ingredient Produced

8.3.3.2.2.             By Microbe

8.3.3.2.3.             By End User Industry

9.    Europe Precision Fermentation Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Ingredient Produced

9.2.2.     By Microbe

9.2.3.     By End User Industry

9.2.4.     By Country

9.3.  Europe: Country Analysis

9.3.1.     Germany Precision Fermentation Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Ingredient Produced

9.3.1.2.2.             By Microbe

9.3.1.2.3.             By End User Industry

9.3.2.     Belgium Precision Fermentation Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Ingredient Produced

9.3.2.2.2.             By Microbe

9.3.2.2.3.             By End User Industry

9.3.3.     United Kingdom Precision Fermentation Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Ingredient Produced

9.3.3.2.2.             By Microbe

9.3.3.2.3.             By End User Industry

9.3.4.     France Precision Fermentation Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Ingredient Produced

9.3.4.2.2.             By Microbe

9.3.4.2.3.             By End User Industry

9.3.5.     Spain Precision Fermentation Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Ingredient Produced

9.3.5.2.2.             By Microbe

9.3.5.2.3.             By End User Industry

9.3.6.     Sweden Precision Fermentation Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Ingredient Produced

9.3.6.2.2.             By Microbe

9.3.6.2.3.             By End User Industry

9.3.7.     Denmark Precision Fermentation Market Outlook

9.3.7.1.         Market Size & Forecast

9.3.7.1.1.             By Value

9.3.7.2.         Market Share & Forecast

9.3.7.2.1.             By Ingredient Produced

9.3.7.2.2.             By Microbe

9.3.7.2.3.             By End User Industry

9.3.8.     Italy Precision Fermentation Market Outlook

9.3.8.1.         Market Size & Forecast

9.3.8.1.1.             By Value

9.3.8.2.         Market Share & Forecast

9.3.8.2.1.             By Ingredient Produced

9.3.8.2.2.             By Microbe

9.3.8.2.3.             By End User Industry

10.  Asia-Pacific Precision Fermentation Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Ingredient Produced

10.2.2.  By Microbe

10.2.3.  By End User Industry

10.2.4.  By Country

10.3.              Asia-Pacific: Country Analysis

10.3.1.  China Precision Fermentation Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Ingredient Produced

10.3.1.2.2.           By Microbe

10.3.1.2.3.           By End User Industry

10.3.2.  Australia Precision Fermentation Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Ingredient Produced

10.3.2.2.2.           By Microbe

10.3.2.2.3.           By End User Industry

10.3.3.  India Precision Fermentation Market Outlook

10.3.3.1.