Precision Fermentation Global Market Worth $17.43 Billion By 2028 Rapid Growth Predicted CAGR of 48.1%

Overview and Scope
Precision fermentation is a process that uses specially designed microbial hosts as cell factories to produce high-value functional food ingredients and is added to initiate controlled microbial growth. The precision fermentation is used to produce enzymes, flavoring agents, vitamins, and natural pigments, and are also used as food additives in the food industry.

Sizing and Forecast
The precision fermentation market size has grown exponentially in recent years. It will grow from $2.48 billion in 2023 to $3.62 billion in 2024 at a compound annual growth rate (CAGR) of 45.7%.  The  growth in the historic period can be attributed to increased demand for sustainable and alternative protein sources, environmental and resource efficiency, shift towards plant-based and cell-based products, demand for customization and precision in biomanufacturing, nutritional and functional advancements in fermented products..

The precision fermentation market size is expected to see exponentially grown in the next few years. It will grow to $17.43 billion in 2028 at a compound annual growth rate (CAGR) of 48.1%.  The growth in the forecast period can be attributed to diversification into various industries beyond food, economic viability and scalability of precision fermentation, rising interest in fermented functional ingredients, global efforts to address food security challenges, integration into circular economy practices. Major trends in the forecast period include emergence of fermentation as a service (faas), investment and funding in precision fermentation startups, regulatory framework development, focus on carbon footprint reduction, collaborations between industry players..

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Segmentation & Regional Insights
The precision fermentation market covered in this report is segmented –

1) By Ingredient: Whey And Casein Protein, Egg White, Collagen Protein, Heme Protein, Other Ingredients
2) By Microbe: Yeast, Fungi, Algae, Bacteria
3) By Application: Meat And Seafood, Dairy Alternatives, Egg Alternatives
4) By End User: Food And Beverage, Pharmaceutical, Cosmetic, Other End Users

North America was the largest region in the precision fermentation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision fermentation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing prevalence of digestive problems and obesity is contributing to the growth of the precision fermentation market. Fermentation ingredients contain lactic acid bacteria, which help to restore and support the digestive system. Moreover, fermentation ingredients help in the reduction of blood pressure and the improvement of cholesterol levels which reduces digestive problems and assists in driving this market. For instance, according to a study conducted by a US-based Harvard T.H. Chan School of Public Health, by 2030, approximately 50% of the adult population in the United States will be obese, and around 25% population will be severely obese due to growing digestive problems. Therefore, the increasing prevalence of digestive problems and obesity is expected to drive the precision fermentation market going forward.

Key Industry Players
Major companies operating in the precision fermentation market report are Perfect Day Inc., Impossible Foods Inc., Geltor Inc., The Every Company, Motif FoodWorks Inc., MycoTechnology Inc., Mycorena AB, Eden Brew, Change Foods Inc., Formo, Remilk Ltd., Triton Algae Innovations Inc., Melt&Marble AB, FUMI Ingredients BV, Fybraworks Foods Inc., Liberation Labs, New Culture, Lygos Inc., Biomilq, Atlast Food Co., Meati Foods, Bond Pet Foods Inc., TurtleTree Labs, Rebellious Foods, Solar Foods, Air Protein, Miraculex, Kinoko-Tech, Biome Makers Inc.

The precision fermentation market report table of contents includes:
1. Executive Summary
2. Precision Fermentation Market Report Structure
3. Precision Fermentation Market Trends And Strategies
4. Precision Fermentation Market – Macro Economic Scenario
5. Precision Fermentation Market Size And Growth
…...
27. Precision Fermentation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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