According to a research report “Precision Fermentation Ingredients Market by Ingredient (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein), Microbe (Yeast, Algae, Fungi, Bacteria) End User, Food & Beverage Application Region – Global Forecast to 2030″ published by MarketsandMarkets, the global precision fermentation ingredients market size is estimated to be valued at USD 2.8 billion in 2023 and is projected to reach USD 36.3 billion by 2030, recording a CAGR of 44.0% in terms of value. Production of precision-fermented ingredients with a less carbon footprint is expected to drive the precision fermentation ingredients market. Growing demand for precision fermentation ingredients stems from its capacity to meticulously craft precise molecules and ingredients, fostering innovation across food, pharmaceutical, and cosmetics sectors, and enabling distinct and unparalleled product development.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=30824914
The Cosmetics & others segment is projected to grow at the highest CAGR in the precision fermentation ingredients market
The cosmetics & others segment is poised for remarkable growth, projected to achieve the highest CAGR in the precision fermentation ingredients market. This growth aligns with the 2022 cosmetic trend, driven by its profound and lasting benefits. Fermented cosmetic products offer deeper nourishment as the breakdown of substances enhances skin absorption of vital nutrients. Unlike non-fermented alternatives, these products ensure more nutrients effectively penetrate the skin. Geltor emerges as a key player in this domain, specializing in fermented cosmetics catering to hair and skincare needs.
The meat & seafood segment is expected to witness the highest CAGR in the food & beverages precision fermentation ingredients market.
Precision fermentation employs microorganisms like yeast, bacteria, fungi, and algae to create plant-based proteins and fats for meat alternatives. These alternatives offer meat-like tenderness, juiciness, and improved nutrition, aligning with the rising demand for sustainable and health-conscious food choices. The segment’s growth implies the market’s shift towards sustainable and healthier dietary choices, reflecting consumers’ preferences for environmentally friendly and nutritious options.
Request Sample Pages of the Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=30824914
The heme protein segment is projected to experience the highest CAGR in the precision fermentation ingredients market
Precision fermentation ingredients harnesses microbial processes, predominantly employing genetically modified yeast strains such as Saccharomyces cerevisiae, to synthesize heme proteins. This method presents an eco-friendly and effective route for heme production, eradicating the need for animal-derived sources. The United States stands as a focal point for research and development in precision fermentation ingredients, notably in producing heme proteins for plant-based meat alternatives. Industry frontrunners like MycoTechnology Inc. and Impossible Foods, both US-based, exemplify the nation’s leadership in propelling precision fermentation ingredients market progress. Driven by the expanding alternative protein realm, fermentation experiences a surge in demand due to robust technological strides across various food industry applications.
The bacteria segment is projected to grow at the highest CAGR in the precision fermentation ingredients market
Within microbe categories like yeast, fungi, bacteria, and algae, bacteria are extensively utilized in both anaerobic fermentation for organic acids and alcohols and aerobic fermentation for enzyme production. Lactic acid bacteria (LAB) and Bacillus species, including B. subtilis, B. amyloliquefaciens, B. licheniformis, and B. megaterium, contribute to lactic acid, antibiotics, enzymes, biopolymers, and surfactins production. Companies like Perfect Day incorporate microbes, even archaebacteria, into their products. Archaebacteria differ chemically, reproducing asexually and utilizing diverse energy sources, dating back to Earth’s earliest life forms, preceding bacteria.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=30824914
The Asia Pacific region is projected to grow at the highest CAGR in the precision fermentation ingredients market during the forecast period
The key factors driving the Asia Pacific precision fermentation ingredients market are the rapid urbanization and changing lifestyles that have led to an increased demand for specialized products, such as alternative proteins and sustainable ingredients, which precision fermentation excels in producing. The region’s focus on technological advancements and innovation aligns with precision fermentation ingredient’s cutting-edge nature, fostering a thriving ecosystem for research and development. Additionally, Consumer willingness to adopt innovative products is evident across countries, extending beyond curiosity to active purchasing intent. Also, investments and expansions in the region drive the growth of the Asia Pacific market.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Geltor (US), Perfect Day, Inc. (US), The Every Co. (US), Impossible Foods Inc. (US), and Motif FoodWorks, Inc. (US).
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/precision-fermentation-market-30824914.html