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.
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.
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.
End Use Outlook
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.Ingredients Outlook
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.Microbe Outlook
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.Regional Outlook
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.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.
Strategies deployed in the Market
- May-2023: The Every Co. signed a partnership agreement with Alpha Foods, a manufacturer of plant-based food products. Through this partnership, the company would be able to examine the potential of animal-free egg whites built from microbes instead of chickens.
- May-2023: New Culture Inc. released precision fermentation mozzarella; an animal-dairy-free cheese made by fermentation techniques. Through the launch of mozzarella, New Culture would be able to provide animal-free cheese to restaurants.
- Mar-2023: Motif FoodWorks, Inc. came into partnership with IngredientWerks, an operator of molecular farming and producer of plant-based ingredients for foods and plant-based proteins preferably for vegan protein markets. With this partnership, both companies aimed to expand their offerings with molecular farming and would create methods to enhance heme protein production by molecular farming.
- Mar-2023: Shiru, Inc. released OleoPro, a fat that is plant-based and made by the combination of unsaturated oil and
- Jan-2023: Geltor, Inc. unveiled NuColl, a recently developed vegan substitute to animal attain collagen for worldwide hair care use. With the launch of NuColl, Geltor would provide vegan hair care products to their consumers.
- Dec-2022: Perfect Day, Inc. entered a partnership with Bel Group, a company engaged in the manufacturing of cheese products. With this acquisition, Perfect Day would be able to provide cheese products made up of dairy-free proteins, moreover, the product portfolio of Bel Group would be added to Perfect Day's product line.
- Nov-2022: Perfect Day, Inc. completed the acquisition of Sterling Biotech Limited, a gelatin manufacturer company ranked sixth in the world in terms of manufacturing.
- Aug-2022: Shiru, Inc. entered a partnership with Puratos, a producer and distributor of innovative ingredients for bakery, chocolate sectors, artisans, etc. Through this partnership, Shiru would be able to upscale its manufacturing of prototypes for future assessments. Moreover, with this partnership, the company would develop advanced functional ingredients that would help to introduce plant-based baked products.
- Aug-2022: New Culture Inc. entered a partnership with ADM, a global nutrition ingredients company that innovates and incorporates ingredients and flavours for food, supplements, beverages, animal feed, etc. With this partnership, the company would be able to quicken the manufacturing and commercialization of substitute dairy products.
- Mar-2022: Shiru, Inc. formed a partnership with CP Kelco, an ingredient solution company that offers its services to industrial product manufacturers. Through this partnership, the company would be able to fasten its manufacturing ability. Further, both the companies would be developing hybrid and next-gen proteins with their fermentation capabilities.
- Jun-2021: Geltor, Inc. launched PrimaColl, a vegan collagen product. With the launch of PrimaColl, Geltor would be the first company to provide vegan collagen for the food and beverage market. Moreover, PrimaColl is a replica of poultry collagen obtained using precision fermentation technology.
Scope of the Study
Market Segments Covered in the Report:
By Ingredients- Egg White
- Collagen Protein
- Whey & Casein Protein
- Heme Protein
- Enzymes
- Others
- Yeast
- Fungi
- Bacteria
- Algae
- Food & Beverages
- Dairy Alternatives
- Meat & Seafood
- Egg Alternatives
- Others
- Pharmaceutical
- Cosmetics & Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Helaina Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Global Precision Fermentation Ingredients Market, By Ingredients
Chapter 6. Global Precision Fermentation Ingredients Market, By Microbe
Chapter 7. Global Precision Fermentation Ingredients Market, By End Use
Chapter 8. Global Precision Fermentation Ingredients Market, By Region
Chapter 9. Company Profiles
Companies Mentioned
- 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
- Helaina Inc.
Methodology
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