The Europe Precision Fermentation Ingredients Market would witness market growth of 43.6% CAGR during the forecast period (2023-2030).
The need for plant-based proteins in the meat choices category is anticipated to increase considerably over the next few years as the plant-based meat industry expands substantially. Many companies have introduced precision-fermented meat-alternative burgers, fats, and proteins, which is anticipated to fuel the expansion of the meat and seafood category.
Cost-effective, efficient, and environmentally friendly, precision fermentation technology increases protein production. Moreover, compared to proteins derived from animals or plants, precision-fermented proteins are not allergic. Developing biotechnological methods to use fermentation to produce high-quality animal protein with yeast, fungus, and other microorganisms is anticipated to stimulate the growth of the market over the forecast period.
The regional government's focus is rapidly increasing to strengthen the region's pharmaceutical sector. The Europe Office oversees the FDA's Office of Global Policy and Strategy's on-the-ground presence in Europe. The Europe Office coordinates progress on numerous cooperative European-American projects across the whole range of FDA-regulated goods. It covers the European Union (EU) and individual nations that are not EU members, such as Switzerland and Norway. The increasing focus and investment in enhancing the pharmaceuticals industry in the region can be a significant factor that would drive the adoption of these ingredients in the region. Therefore, the regional market is anticipated to expand.
The Germany market dominated the Europe Precision Fermentation Ingredients Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,331 million by 2030. The UK market is exhibiting a CAGR of 42.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 44.7% during (2023 - 2030).
Based on Ingredients, the market is segmented into Egg White, Collagen Protein, Whey & Casein Protein, Heme Protein, Enzymes, and Others. Based on Microbe, the market is segmented into Yeast, Fungi, Bacteria, and Algae. Based on End Use, the market is segmented into Food & Beverages (Dairy Alternatives, Meat & Seafood, Egg Alternatives, and Others), Pharmaceutical, and Cosmetics & Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Precision Fermentation Ingredients Market will Hit $35.1 Billion by 2030, at a CAGR of 43.9%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Geltor, Inc., Motif FoodWorks, Inc., Shiru, Inc., Impossible Foods Inc., Perfect Day, Inc., The Every Company, Imagindairy Ltd., New Culture Inc., Eden Brew Pty Ltd and Helaina Inc.
By Ingredients
By Microbe
By End Use
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