The report on the global precision fermentation market provides qualitative and quantitative analysis for the period from 2022-2032. The global precision fermentation market was valued at USD 3.00 billion in 2023 and is expected to reach USD 70.22 billion in 2032, with a CAGR of 42.93% during the forecast period 2024-2032. The study on precision fermentation market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2022-2032.
The report on precision fermentation market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global precision fermentation market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global precision fermentation market over the period of 2022-2032. Furthermore, the growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.
Report Findings
1) Drivers- The growing demand for sustainable proteins is a crucial driver in the precision fermentation market.
- Precision fermentation is mostly driven by the market's explosive expansion for plant-based and alternative proteins.
- The market is hampered by high manufacturing costs.
- Customization and nutrition advancements provide the precision fermentation sector a strong potential.
Research Methodology
A) Primary Research
The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry
The primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global precision fermentation market is segmented on the basis of micro type, ingredient, application, and end-use.
The Global Precision Fermentation Market by Micro Type
- Bacteria
- Yeast
- Algae
- Fungi
The Global Precision Fermentation Market by Ingredient
- Egg Protein
- Heme Protein
- Collagen Protein
- Whey and Casein Protein
- Enzymes
- Others
The Global Precision Fermentation Market by Application
- Meat and Seafood
- Dairy Alternatives
- Egg Alternatives
- Others
The Global Precision Fermentation Market by End-use
- Food and Beverages
- Cosmetics
- Pharmaceuticals
Company Profiles
The companies covered in the report include
- Perfect Day, Inc.
- Motif FoodWorks, Inc.
- Ginkgo Bioworks
- BIOMILQ
- Remilk
- New Culture
- Formo Bio GmbH
- Better Dairy
- The EVERY Company
- MeliBio
What does this report deliver?
1. Comprehensive analysis of the global as well as regional markets of the precision fermentation market.
2. Complete coverage of all the segments in the precision fermentation market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global precision fermentation market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Contents
Companies Mentioned
- Perfect Day, Inc.
- Motif FoodWorks, Inc.
- Ginkgo Bioworks
- BIOMILQ
- Remilk
- New Culture
- Formo Bio GmbH
- Better Dairy
- The EVERY Company
- MeliBio