Europe Precision Fermentation Market Size, Share & Industry Trends Analysis Report By Microbe, By Application (Dairy Alternatives, Meat & Seafood, Egg Alternatives and Others), By Ingredient, By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the Europe Precision Fermentation Market
Market Report Description
The Europe Precision Fermentation Market would witness market growth of 40.9% CAGR during the forecast period (2022-2028).
Food engineers have access to an almost limitless variety of molecules from biology to assemble textures, flavors, and scents. Not all of these substances, although, can be found simply and in big quantities. Precision fermentation enables the extremely scalable manufacturing of almost any chemical by using microbes as the production host. The procedure of precision fermentation begins with target selection and design. The target is referred as the molecule or molecules of interest. A protein, lipid, flavoring agent, fragrance, enzyme, growth factor, pigment, or other class of molecule could be the target.
The majority of vitamins found in dietary supplements and processed foods that have been fortified, including riboflavin and B12, are made through fermentation, as are various flavoring ingredients. One of the first industries to adopt fermentation to replace animal products in regular use was the food business. The primary enzyme in calf rennet, which is extracted from the stomach lining of calves, was made commercially available in the 1980s, making calf rennet's once-crucial usage as a coagulant in cheese making obsolete for the majority of the world's cheese production.
The focus of the regional government is rapidly increasing in order to strengthen the pharmaceuticals sector of the region. The Europe Office, which was established in May 2009, is in charge of overseeing 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 goal of the Europe Office is to improve the efficacy, effectiveness, and safety of food and medical items made in Europe and exported to several countries.
The Germany market dominated the Europe Precision Fermentation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $787 million by 2028. The UK market is anticipated to grow at a CAGR of 39.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 41.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Precision Fermentation Market will Hit $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:
- Dairy Alternatives
- Meat & Seafood
- Egg Alternatives
- Heme Protein
- Egg White
- Collagen Protein
- Whey & Casein Protein
- Rest of Europe
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.
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free