The Global Precision Fermentation Ingredients Market size is expected to reach $35.1 billion by 2030, rising at a market growth of 43.9% CAGR during the forecast period.
Precision fermentation ingredients primarily utilize genetically modified yeast strains such as Saccharomyces cerevisiae to produce heme proteins via microbial processes. Consequently, the heme protein segment will capture around 1/5th share in the market by the year 2030. This method eliminates the need for animal-based heme sources by providing an effective and environmentally beneficial route for heme production. Fermentation is experiencing a surge in demand due to significant technological advances in various food industry applications, which are prompted by the expanding alternative protein sector. Some of the factors impacting the market are environmentally and sustainably effective production techniques, raising awareness of health and well-being among consumers and higher manufacturing costs of precision fermentation ingredients.
Precision fermentation is a cutting-edge technology that uses bacteria and yeast to create a variety of goods, including food, cosmetics, and medications. It is a resource-efficient and sustainable replacement for conventional production techniques that rely on activities like agriculture and animal husbandry. Compared to traditional production techniques, it also enables the creation of goods with lower greenhouse gas emissions. This makes using these ingredients a more environmentally friendly and long-lasting alternative. Without animal agriculture, precision fermentation offers a method to generate protein-rich goods like meat alternatives. Additionally, consumers are increasingly health conscious and seeking products they perceive to be healthier and more beneficial. These ingredients have several health advantages. For instance, it enables the production of goods with lower levels of fat, sugar, and salt—all of which are associated with health issues, including diabetes, heart disease, and obesity. Precision fermentation enables the production of high-protein plant-based goods, such as meat alternatives, without animal agriculture. Consequently, the market is expanding due to the expanding usage of eco-friendly and sustainable production techniques and consumers' increasing awareness of health and wellness.
However, Increased manufacturing costs have been the primary barrier to the industry's expansion. Specific growth media for microorganisms, large-scale fermenters, and specialized purification procedures increase production costs exponentially. Microorganisms require a stable and pristine environment for growth, so there is a high risk of yield failure or contamination. Moreover, transitioning from lab-scale production to large-scale manufacturing can be challenging and costly. Scaling up precision fermentation processes while maintaining quality and consistency can require substantial investment in infrastructure and equipment. Maintaining the appropriate fermentation conditions, especially at larger scales, can require significant energy consumption, which contributes to production costs. Hence, all of these factors can obstruct the growth of the market in the coming years.
By end use, the market is categorised into food & beverages, pharmaceutical, cosmetics, and others. The cosmetics segment covered a considerable revenue share in the market in 2022. The growth aligns with the cosmetics industry's modern trend, driven by its profound and enduring benefits. As the breakdown of substances improves the skin's absorption of essential nutrients, cosmetics that have been fermented provide deeper nourishment.
Based on ingredients, the market is fragmented into whey & casein protein, egg white, collagen protein, heme protein, enzymes, and others. The egg white segment held the highest revenue share in the market in 2022. The demand for egg and dairy alternatives derived from plants has increased across various food categories and applications in recent years. Several factors, including sustainability, allergenicity, and consumer movements toward flexitarian diets, have contributed to the development. Finding egg white substitutes is influenced by several factors, some of which are of greater importance to consumers and others for product manufacturers.
On the basis of microbe, the market is segmented into yeast, algae, fungi, and bacteria. The fungi segment acquired a substantial revenue share in the market in 2022. Extensive research and development in precision fermentation assisted food manufacturers in changing the landscape of microbe-based alternatives to animal-based proteins, such as bacteria, yeast, and fungi. The eukaryotic origin of fungi allows them to express and tolerate heterologous eukaryotic proteins and enzymes, resulting in accurate protein folding and post-translational modifications.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2 Billion |
| Market size forecast in 2030 | USD 35.1 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 43.9% from 2023 to 2030 |
| Number of Pages | 311 |
| Number of Table | 490 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Ingredients, Microbe, End Use, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated the highest revenue share in the market. The growth of the North American market is driven by growing consumer awareness of the health benefits of consuming healthful and vegan foods and an increase in the trend of weight control and veganism. In addition, decreased meat consumption and the resulting increase in the consumption of meat substitutes contribute to market growth.
Free Valuable Insights: Global Precision Fermentation Ingredients Market size to reach USD 35.1 Billion by 2030
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
By Geography
This Market size is expected to reach $35.1 billion by 2030.
Environmentally and sustainably effective production techniques are driving the Market in coming years, however, Higher manufacturing costs of precision fermentation ingredients restraints the growth of the Market.
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.
The expected CAGR of this Market is 43.9% from 2023 to 2030.
The Yeast segment is leading the Market, By Microbe in 2022; thereby, achieving a market value of $13.7 billion by 2030.
The North America region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.2 billion by 2030.
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