The North America Precision Fermentation Market would witness market growth of 40.8% CAGR during the forecast period (2022-2028).
When creating a precision fermentation process, there are a number of factors to consider. Choosing the best producing microorganism, streamlining the cultivation procedure, and scaling up the procedure are a few of these aspects. To conduct a precise fermentation process from conception to completion, effective teamwork involving multiple groups, including downstream processing, fermentation, purification, as well as strain engineering, is required. Despite the extensive history of microbial fermentation in food and industrial biotechnology, there is still a ton of unrealized opportunities for innovation.
Due to the enormous biodiversity of microbial species along with their nearly infinite capacity for biological synthesis, fermentation-based methods hold a tremendous amount of potential for the development of novel alternative protein solutions. The five core areas of feedstock optimization, target design and selection, bioprocess design, strain development, and end-product formulation and manufacturing can be used to segment opportunities for developing fermentation.
The food and beverage sector of the region is rapidly expanding in the United States. According to the National Institute of Standard and Technology, the third-largest contributor to the overall manufacturing gross domestic product in the United States is the food and beverage sector. Over 1.8 million people are employed in the sector as a whole, and more than 75% of the 27,000 food manufacturers in the US employ fewer than 100 people. The Food Safety Modernization Act compliance, adopting sustainable packaging and production methods, technological developments, and other issues are only a few of the difficulties faced by the food manufacturing industry.
The US market dominated the North America Precision Fermentation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,035 million by 2028. The Canada market is poised to grow at a CAGR of 44% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 42.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Precision Fermentation Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Precision Fermentation Market, by Microbe
1.4.2 North America Precision Fermentation Market, by Application
1.4.3 North America Precision Fermentation Market, by Ingredient
1.4.4 North America 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. North America Precision Fermentation Market by Microbe
4.1 North America Yeast Market by Country
4.2 North America Fungi Market by Country
4.3 North America Algae Market by Country
4.4 North America Bacteria Market by Country
Chapter 5. North America Precision Fermentation Market by Application
5.1 North America Dairy Alternatives Market by Country
5.2 North America Meat & Seafood Market by Country
5.3 North America Egg Alternatives Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Precision Fermentation Market by Ingredient
6.1 North America Enzymes Market by Country
6.2 North America Heme Protein Market by Country
6.3 North America Egg White Market by Country
6.4 North America Collagen Protein Market by Country
6.5 North America Whey & Casein Protein Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Precision Fermentation Market by Country
7.1 US Precision Fermentation Market
7.1.1 US Precision Fermentation Market by Microbe
7.1.2 US Precision Fermentation Market by Application
7.1.3 US Precision Fermentation Market by Ingredient
7.2 Canada Precision Fermentation Market
7.2.1 Canada Precision Fermentation Market by Microbe
7.2.2 Canada Precision Fermentation Market by Application
7.2.3 Canada Precision Fermentation Market by Ingredient
7.3 Mexico Precision Fermentation Market
7.3.1 Mexico Precision Fermentation Market by Microbe
7.3.2 Mexico Precision Fermentation Market by Application
7.3.3 Mexico Precision Fermentation Market by Ingredient
7.4 Rest of North America Precision Fermentation Market
7.4.1 Rest of North America Precision Fermentation Market by Microbe
7.4.2 Rest of North America Precision Fermentation Market by Application
7.4.3 Rest of North America 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 North America Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 2 North America Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 3 North America Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 4 North America Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 5 North America Yeast Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Yeast Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Fungi Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Fungi Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Algae Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Algae Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Bacteria Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Bacteria Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 14 North America Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 15 North America Dairy Alternatives Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Dairy Alternatives Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Meat & Seafood Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Meat & Seafood Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Egg Alternatives Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Egg Alternatives Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 24 North America Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 25 North America Enzymes Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Enzymes Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Heme Protein Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Heme Protein Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Egg White Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Egg White Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Collagen Protein Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Collagen Protein Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Whey & Casein Protein Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Whey & Casein Protein Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Precision Fermentation Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Precision Fermentation Market by Country, 2022 - 2028, USD Million
TABLE 39 US Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 40 US Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 41 US Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 42 US Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 43 US Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 44 US Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 45 US Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 46 US Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 47 Canada Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 48 Canada Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 49 Canada Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 50 Canada Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 51 Canada Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 52 Canada Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 53 Canada Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 54 Canada Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 55 Mexico Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 56 Mexico Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 57 Mexico Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 58 Mexico Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 59 Mexico Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 60 Mexico Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 61 Mexico Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 62 Mexico Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 63 Rest of North America Precision Fermentation Market, 2018 - 2021, USD Million
TABLE 64 Rest of North America Precision Fermentation Market, 2022 - 2028, USD Million
TABLE 65 Rest of North America Precision Fermentation Market by Microbe, 2018 - 2021, USD Million
TABLE 66 Rest of North America Precision Fermentation Market by Microbe, 2022 - 2028, USD Million
TABLE 67 Rest of North America Precision Fermentation Market by Application, 2018 - 2021, USD Million
TABLE 68 Rest of North America Precision Fermentation Market by Application, 2022 - 2028, USD Million
TABLE 69 Rest of North America Precision Fermentation Market by Ingredient, 2018 - 2021, USD Million
TABLE 70 Rest of North America Precision Fermentation Market by Ingredient, 2022 - 2028, USD Million
TABLE 71 Key Information – Motif FoodWorks, Inc.
TABLE 72 Key Information – Perfect Day, Inc.
TABLE 73 Key Information – Geltor, Inc.
TABLE 74 Key Information – Nourish Ingredients Pty Ltd.
TABLE 75 Key Information – The EVERY Company
TABLE 76 Key Information – IMpossible Foods, Inc.
TABLE 77 Key Information – Shiru, Inc.
TABLE 78 Key Information – Mycorena AB
TABLE 79 Key Information – Remilk Ltd.
TABLE 80 Key Information – Triton Algae Innovations, Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Motif FoodWorks, Inc.