United States Precision Fermentation Market By Ingredients Produced (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others), By Microbes (Yeast, Algae, Bacteria, Others), By End User (Food & Beverage, Pharmaceutical, Cosmetic, Others), Region, Competition, Forecast & Opportunities, 2018-2028F

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

The United States Precision Fermentation market is anticipated to witness a growth of impressive CAGR in the forecast period, 2023-2028. This can be ascribed to growing adoption of veganism in the country. As of July 2021, about 2% of consumers between 18 and 75 years of age followed a vegan diet in the United States. Additionally, growing inclination of people across the country producing animal-free dairy products and restricting intensive animal agriculture is further expected to support the growth of United States Precision Fermentation Market in the coming years.

Furthermore, the growing investments in precision fermentation and decreasing dependency on animal-based food also influencing the growth of United States Precision Fermentation market. For instance, Every Co., formerly known as Clara Foods, received USD175 million Series C funding which was headed by Rage Capital and new investor McWin. Temasek, the Wheatsheaf Group of Grosvenor, TO Ventures, and Prosus Ventures are other investors of the company. The latest round raised the funding to USD 233 Million. The company plans to ramp up the production of the animal-free protein and to enter new segment of food applications.

Growing Adoption of Vegan Lifestyle

The expansion of the Precision Fermentation market in the United States will be attributed to the rising popularity of vegan cuisine. Customers choose products created without using animals because there is increased public concern about how animals are treated in the food sector. To meet the demands of the vegan community, many businesses are introducing plant-based products in the market that contain substances devoid of animals from many sources, including microorganisms and plants. Using precision fermentation eliminates the need to use animal products as components. Usage of precision fermentation on a large scale can be very effective, in addition to the advantages for animal welfare, the environment, and public health. Precision fermentation solves the issue of animal exploitation. It’s vegan. Precision fermentation made veganism much more accessible by enabling delicious new products.

 

Increasing Concerns Toward Environment

Precision Fermentation process, which uses less water and land to manufacture specialised nutrients like casein, gelatin, and vitamins, helps in significantly reducing the carbon footprint. Resource-intensive industrial animal agriculture exacerbates some of the planet's most significant issues, such as land conversion, environmental degradation, and climate change. Global livestock emissions make for 14.5% of all anthropogenic greenhouse gas emissions today, according to research by the UN's Food and Agricultural Organization (FAO). Industrial animal husbandry also poses serious health risks to the population since it has the potential to increase antibiotic resistance and create environments that are conducive to the development of zoonotic diseases like COVID-19.

 

Supportive Government Initiatives

The United States' potential role in protein production can be determined by the federal government's decision to implement alternative protein policies. The United States Department of Agriculture was the first government to invest USD10 million in Tuft’s University to scale up cellular food production in October 2021. All these initiatives by the government are expected to create lucrative opportunities for the growth of United States Precision Fermentation Market.

 


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Market Segmentation

United States Precision Fermentation market can be segmented by ingredients produced, by microbes, by end user and by region. Based on ingredients produced, the market can be divided into whey & casein protein, egg white, collagen protein, heme protein, and others. Based on microbes the market is divided into yeast, algae, bacteria, and others. Based on end user, the market can be segmented into food & beverage, pharmaceutical, cosmetic, and others.

 

Market Players

New Culture Inc., Perfect Day, Inc., Triton Algae Innovations, Change Foods, Inc, Remilk, Imposible Foods Inc., Motif FoodWorks, Inc., Formo Bio Gmbh, Every Company, Geltor, Inc, Better Dairy are some of the leading players operating in the United States Precision Fermentation market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

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

Segments covered

·         By Ingredients Produced

·         By Microbes

·         By End User

·         By Region

Regional scope

North-East; Mid-West; West; South

Key companies profiled

New Culture Inc., Perfect Day, Inc., Triton Algae Innovations, Change Foods, Inc, Imposible Foods Inc., Motif FoodWorks, Inc., 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/Word format on special request)

 

Report Scope:

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

  • United States Precision Fermentation Market, By Ingredients Produced:

o      Whey & Casein Protein

o      Egg White

o      Collagen Protein

o      Heme Protein

o      Others

·         United States Precision Fermentation Market, By Microbes:

o      Yeast

o      Algae

o      Bacteria

o      Others

·         United States Precision Fermentation Market, By End User:

o      Food & Beverage

o      Pharmaceutical

o      Cosmetic

o      Others

·         United States Precision Fermentation Market, By Region:

o      North-East

o      Mid-West

o      West

o      South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States Precision Fermentation 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).

United States Precision Fermentation Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    United States Precision Fermentation Outlook

5.1.  Market Size & Forecast

5.1.1. By Value

5.2.  Market Share & Forecast

5.2.1. By Ingredients Produced (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others)

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

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

5.2.4. By Region (2022)  

5.2.5. By Company (Major Fundraisers)

5.3.  Product Market Map

6.    North-East United States Precision Fermentation Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Ingredients Produced (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others)

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

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

7.    Mid-West United States Precision Fermentation Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Ingredients 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 (Food & Beverage, Pharmaceutical, Cosmetic, Others)

8.    West United States Precision Fermentation Market Outlook

8.1.  Market Size & Forecast

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Ingredients Produced (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others)

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

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

9.    South United States Precision Fermentation Market Outlook

9.1.  Market Size & Forecast

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1. By Ingredients Produced (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others)

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

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

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  United States Precision Fermentation: SWOT Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Products

15.  Competitive Landscape

15.1.              Business Overview

15.2.              Product Offerings

15.3.              Recent Developments

15.4.              Financials (As Reported)

15.5.              Key Personnel

15.6.              SWOT Analysis

15.6.1.   New Culture Inc.

15.6.2.   Perfect Day, Inc.

15.6.3.   Triton Algae Innovations

15.6.4.   Change Foods, Inc

15.6.5.   Imposible Foods Inc.

15.6.6.   Motif FoodWorks, Inc.

15.6.7.   The Every Company

15.6.8.   Geltor, Inc

Strategic Recommendations

Figures and Tables

Frequently asked questions

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Growing adoption of vegan lifestyle, increasing investments in precision fermentation, disruption of livestock, decreasing dependency on animal-based food are some of factors driving the growth of United States Precision Fermentation Market.

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New Culture Inc., Perfect Day, Inc., Triton Algae Innovations, Change Foods, Inc, Imposible Foods Inc., Motif FoodWorks, Inc., The Every Company, Geltor, Inc, Better Dairy are some of the leading players operating in the United States Precision Fermentation Market.

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Whey & Casein protein expected to dominate in the United States Precision Fermentation Market during the forecast period. These are the animal free dairy proteins which helps in the production of dairy.

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Yeast is expected to hold the largest market share in the United States Precision Fermentation Market during the forecast period. Yeast is the best eukaryotic microbial host.

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Sakshi Bajaal

Business Consultant
Press Release

United States Precision Fermentation Market to be dominated by the increase in adoption of vegan lifestyle through 2028

Nov, 2022

Animal free dairy is expected to drive the growth of United States Precision Fermentation Market in the forecast period.

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