The Asia Pacific Precision Fermentation Market would witness market growth of 42.2% CAGR during the forecast period (2022-2028).
The usage of pure soy leg hemoglobin is a significant example of precision fermentation's application to alternative proteins. Moreover, Heme, a flavoring component made from Pichia pastoris, is also being added to burgers by several brands to give the finished product a variety of organoleptic qualities. Due to their distinct activity in dairy products, other recombinant proteins, including casein and whey are important targets. To make a finished product, these proteins can be mixed with components produced from plants. For instance, the ice cream base for Perfect Day is created by mixing coconut oil, sugar, and sunflower oil with recombinant whey produced through fermentation.
In order to produce cultured meat, target molecules, such as growth factors free of animal origin, are used. Existing players in this market include ORF Genetics, Richcore, and Peprotech. Furthermore, the major animal-free components of the architecture for more sophisticated, highly structured farmed meat products may include proteins created through fermentation, like collagen or fibronectin.
The majority of the F&B revenue in China is produced by non-franchised businesses, which presents a growth opportunity for franchised brands. The China Chain Store & Franchise Association stated that China's food and beverage (F&B) industry reached approximately $595 billion in 2019, an increase of 7.8% from 2018. While quick-service restaurant (QSR) franchises in China are still successful, they are now up against more Chinese franchisees in markets like leisure beverages and hotpot eateries that serve takeout food. In China's smaller, less established Tier 3 and Tier 4 cities, franchisors can have less competition. The graph below contrasts the expansion rates of new franchise locations in China's larger and smaller cities.
The China market dominated the Asia Pacific Precision Fermentation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $964.9 million by 2028.The Japan market is estimated to grow a CAGR of 41.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 43% during (2022 - 2028).
Based on Microbe, the market is segmented into Yeast, Fungi, Algae and Bacteria. Based on Application, the market is segmented into Dairy Alternatives, Meat & Seafood, Egg Alternatives and Others. Based on Ingredient, the market is segmented into Enzymes, Heme Protein, Egg White, Collagen Protein, Whey & Casein Protein and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Precision Fermentation Market is Projected to reach USD 11.8 Billion by 2028, at a CAGR of 41.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Motif FoodWorks, Inc., Perfect Day, Inc., Geltor, Inc., Nourish Ingredients Pty Ltd., The Every Company, Impossible Foods, Inc., Shiru, Inc., Mycorena AB, Remilk Ltd., and Triton Algae Innovations, Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Microbe
By Application
- Dairy Alternatives
- Meat & Seafood
- Egg Alternatives
- Others
By Ingredient
- Enzymes
- Heme Protein
- Egg White
- Collagen Protein
- Whey & Casein Protein
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Motif FoodWorks, Inc.
- Perfect Day, Inc.
- Geltor, Inc.
- Nourish Ingredients Pty Ltd.
- The EVERY Company
- Impossible Foods, Inc.
- Shiru, Inc.
- Mycorena AB
- Remilk Ltd.
- Triton Algae Innovations, Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Precision Fermentation Market, by Microbe
1.4.2 Asia Pacific Precision Fermentation Market, by Application
1.4.3 Asia Pacific Precision Fermentation Market, by Ingredient
1.4.4 Asia Pacific Precision Fermentation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Precision Fermentation Market
Chapter 4. Asia Pacific Precision Fermentation Market by Microbe
4.1 Asia Pacific Yeast Market by Country
4.2 Asia Pacific Fungi Market by Country
4.3 Asia Pacific Algae Market by Country
4.4 Asia Pacific Bacteria Market by Country
Chapter 5. Asia Pacific Precision Fermentation Market by Application
5.1 Asia Pacific Dairy Alternatives Market by Country
5.2 Asia Pacific Meat & Seafood Market by Country
5.3 Asia Pacific Egg Alternatives Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Precision Fermentation Market by Ingredient
6.1 Asia Pacific Enzymes Market by Country
6.2 Asia Pacific Heme Protein Market by Country
6.3 Asia Pacific Egg White Market by Country
6.4 Asia Pacific Collagen Protein Market by Country
6.5 Asia Pacific Whey & Casein Protein Market by Country
6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Precision Fermentation Market by Country
7.1 China Precision Fermentation Market
7.1.1 China Precision Fermentation Market by Microbe
7.1.2 China Precision Fermentation Market by Application
7.1.3 China Precision Fermentation Market by Ingredient
7.2 Japan Precision Fermentation Market
7.2.1 Japan Precision Fermentation Market by Microbe
7.2.2 Japan Precision Fermentation Market by Application
7.2.3 Japan Precision Fermentation Market by Ingredient
7.3 India Precision Fermentation Market
7.3.1 India Precision Fermentation Market by Microbe
7.3.2 India Precision Fermentation Market by Application
7.3.3 India Precision Fermentation Market by Ingredient
7.4 South Korea Precision Fermentation Market
7.4.1 South Korea Precision Fermentation Market by Microbe
7.4.2 South Korea Precision Fermentation Market by Application
7.4.3 South Korea Precision Fermentation Market by Ingredient
7.5 Singapore Precision Fermentation Market
7.5.1 Singapore Precision Fermentation Market by Microbe
7.5.2 Singapore Precision Fermentation Market by Application
7.5.3 Singapore Precision Fermentation Market by Ingredient
7.6 Malaysia Precision Fermentation Market
7.6.1 Malaysia Precision Fermentation Market by Microbe
7.6.2 Malaysia Precision Fermentation Market by Application
7.6.3 Malaysia Precision Fermentation Market by Ingredient
7.7 Rest of Asia Pacific Precision Fermentation Market
7.7.1 Rest of Asia Pacific Precision Fermentation Market by Microbe
7.7.2 Rest of Asia Pacific Precision Fermentation Market by Application
7.7.3 Rest of Asia Pacific Precision Fermentation Market by Ingredient
Chapter 8. Company Profiles
8.1 Motif FoodWorks, Inc.
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.1.2.2 Product Launches and Product Expansions:
8.2 Perfect Day, Inc.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.3 Geltor, Inc.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Product Launches and Product Expansions:
8.4 Nourish Ingredients Pty Ltd.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.5 The EVERY Company
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.6 Impossible Foods, Inc.
8.6.1 Company Overview
8.7 Shiru, Inc.
8.7.1 Company Overview
8.8 Mycorena AB
8.8.1 Company Overview
8.9 Remilk Ltd.
8.9.1 Company Overview
8.10. Triton Algae Innovations, Ltd.
8.10.1 Company Overview
TABLE 1 Asia Pacific Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Yeast Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Yeast Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Fungi Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Fungi Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Algae Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Algae Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Bacteria Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Bacteria Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Dairy Alternatives Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Dairy Alternatives Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Meat & Seafood Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Meat & Seafood Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Egg Alternatives Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Egg Alternatives Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Enzymes Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Enzymes Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Heme Protein Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Heme Protein Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Egg White Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Egg White Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Collagen Protein Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Collagen Protein Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Whey & Casein Protein Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Whey & Casein Protein Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Precision Fermentation Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Precision Fermentation Market by Country, 2022 - 2028, USD Million
TABLE 39 China Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 40 China Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 41 China Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 42 China Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 43 China Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 44 China Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 45 China Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 46 China Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 47 Japan Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 48 Japan Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 49 Japan Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 50 Japan Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 51 Japan Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 52 Japan Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 53 Japan Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 54 Japan Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 55 India Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 56 India Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 57 India Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 58 India Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 59 India Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 60 India Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 61 India Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 62 India Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 63 South Korea Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 64 South Korea Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 65 South Korea Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 66 South Korea Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 67 South Korea Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 68 South Korea Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 69 South Korea Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 70 South Korea Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 71 Singapore Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 72 Singapore Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 73 Singapore Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 74 Singapore Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 75 Singapore Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 76 Singapore Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 77 Singapore Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 78 Singapore Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 79 Malaysia Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 80 Malaysia Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 81 Malaysia Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 82 Malaysia Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 83 Malaysia Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 84 Malaysia Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 85 Malaysia Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 86 Malaysia Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 91 Rest of Asia Pacific Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 92 Rest of Asia Pacific Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 95 Key Information – Motif FoodWorks, Inc.
TABLE 96 Key Information – Perfect Day, Inc.
TABLE 97 Key Information – Geltor, Inc.
TABLE 98 Key Information – Nourish Ingredients Pty Ltd.
TABLE 99 Key Information – The EVERY Company
TABLE 100 Key Information – IMpossible Foods, Inc.
TABLE 101 Key Information – Shiru, Inc.
TABLE 102 Key Information – Mycorena AB
TABLE 103 Key Information – Remilk Ltd.
TABLE 104 Key Information – Triton Algae Innovations, Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Motif FoodWorks, Inc.