Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

What Growth Rate is the Precision Fermentation Market Anticipated to Experience from 2024-2033?

The market for precision fermentation has seen considerable expansion in the recent past. The market is projected to escalate from $2.48 billion in 2023 to touch $3.62 billion in 2024, with a compound annual growth rate (CAGR) of 45.7%. The driving factors behind this spectacular growth in the past include a heightened demand for sustainable and alternative protein sources, efficiency in environmental and resource utilization, a shift in preference towards plant-based and cell-based offerings, demand for precision and personalization in biomanufacturing, and nutritional and functional improvements in fermented products.

The market for precision fermentation is projected to experience significant expansion in the coming years. Its estimated growth is up to $17.43 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 48.1%. This imminent growth can be linked to the industry’s widening reach beyond food, the financial feasibility and scalability of precision fermentation, increasing interest in fermented functional ingredients, worldwide initiatives tackling food security issues, and adoption of circular economy strategies. Dominant trends for this forecast period encompass the rise of fermentation as a service (faas), financial backing for precision fermentation startups, evolution of regulatory frameworks, concentration on reducing carbon emissions, and partnerships within the industry.

Claim Your Free Sample of the Global Precision Fermentation Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=13099&type=smp

What Are the Significant Influencers of Growth in the precision fermentation Market?

The escalating problems related to digestion and rising obesity rates are promoting the precision fermentation market’s growth. The composition of fermentation ingredients includes lactic acid bacteria, crucial for the recuperation and upkeep of the digestive system. Furthermore, these ingredients are beneficial in lowering blood pressure and bettering cholesterol levels, thereby curbing digestive difficulties and aiding in pushing this market forward. As illustrated by a study undertaken by the US-based Harvard T.H. Chan School of Public Health, it’s projected that close to 50% of adults in the US will be categorized as obese by 2030, and about 25% of the population will be severely obese due to expanding digestive problems. Therefore, the upward trend in digestive issues and obesity is predicted to steer the precision fermentation market in the future.

What Key Segments Define the Precision Fermentation Market?

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

What Are the Key Developments Shaping the Precision Fermentation Market?

Technological advances within the food sector are defining a key trend in the precision fermentation market. Major firms in the food and nutrition field are concentrating on introducing novel advancements in their products to enhance their market standing. To illustrate, Impossible Foods, an American food business, launched Impossible Chicken Nuggets and Impossible Sausage Patties in May 2022. These products, made entirely from non-animal ingredients, represent a significant shift towards resource-efficient food production. Geared towards chicken enthusiasts, Impossible Chicken Nuggets require significantly fewer resources to produce compared to their animal-derived counterparts, provide 13 grams of protein per 100-gram serving, and contain a quarter less salt than traditional chicken nuggets.

Order Now for Fast Delivery of Your Precision Fermentation Market Report!

https://www.thebusinessresearchcompany.com/report/precision-fermentation-global-market-report

What Regions Are Driving Expansion in the Precision Fermentation Market?

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

The Precision Fermentation Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the precision fermentation market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Precision Fermentation Market Include

1. Precision Fermentation Market Executive Summary

2. Precision Fermentation Market Segments

3. Precision Fermentation Market Size And Template Market Growth Rate

4. Key Precision Fermentation Market Trends

5. Major Precision Fermentation Market Drivers

……

25. Key Mergers And Acquisitions In The Precision Fermentation Market

26. Top Precision Fermentation Companies

27. Precision Fermentation Market Opportunities And Strategies

28. Precision Fermentation Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

Pre-Shipment Inspection Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/pre-shipment-inspection-global-market-report

Precision Farming Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/precision-farming-global-market-report

Precision Guided Munition Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/precision-guided-munition-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: