Product Code: GVR-4-68040-371-8
Precision Fermentation Market Size & Trends
The global precision fermentation market was estimated at USD 2.80 billion in 2023 and is projected to grow at a CAGR of 43.2% from 2024 to 2030. The consumers are increasing the demand for sustainable and eco-friendly products. This demand is a result of the rising awareness about the negative impact of traditional production methods on the environment, including deforestation, greenhouse gas emissions, and water pollution. In addition, the market is seeing a surge in demand for alternative protein sources due to the environmental concerns associated with traditional protein production methods.
Consumer preferences are shifting towards plant-based animal protein, leading to changes in eating patterns. This shift has been further accelerated by the shortage of beef and pork during the pandemic, leading to an increased demand for precision fermented-based products. The market has witnessed a significant increase in the sales of plant-based products, indicating a growing consumer preference for alternative protein sources.
Technological advancements and regulatory support have contributed to the market growth. Advancements in biotechnology, along with the growing environmental concern and rising government support, have further fueled the demand for precision fermentation. This method offers an opportunity to produce a wide range of sustainable, nutritious, and cost-effective alternative protein sources, further driving its demand. These factors collectively contribute to the growth and expansion of the market, positioning it as a key player in the production of sustainable and eco-friendly products, alternative protein sources, and specialized ingredients for various industries such as food, pharmaceuticals, and cosmetics.
Advancements in the food industry have emerged as a key trend of the product market. Major companies operating in the food and nutrition sector are focused on developing new advancements in their products to strengthen their position in the market. For instance, the introduction of animal-free ingredients in food products is a significant trend driving the market growth.
Scientists and researchers are continuously exploring new frontiers for fermentation-derived products, expanding beyond early adoption in food and specialty chemicals. This ongoing exploration is driving the development of new applications for product technology, contributing to its growth and expansion.
The market is fueled by technological advancements, such as CRISPR-Cas9, which enable precise modifications of microorganisms. These advancements are driving innovation and driving the ongoing research and development in fermentation technologies. Collaborations among industry stakeholders, research institutions, and academia hold the potential to drive innovation and expedite the commercialization of precision fermentation products. These collaborative efforts are contributing to the ongoing research and development in the product.
Global Precision Fermentation Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global precision fermentation market report based on microbe, ingredient, end-use & region:
- Microbe Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- Yeast
- Algae
- Fungi
- Bacteria
- Ingredients Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- Whey & Casein Protein
- Egg White
- Collagen Protein
- Heme Protein
- Enzymes
- Others
- End-use Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- Food & Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Others
- Regional Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Precision Fermentation Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing/ Technology Trends
- 3.2.3. Sales Channel Analysis
- 3.2.4. Price Trend Analysis
- 3.2.4.1. Factors Influencing Prices
- 3.3. Regulatory Framework, By Regions
- 3.4. Supply Demand Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. Macro-environmental Analysis
Chapter 4. Precision Fermentation Market: Microbe Estimates & Trend Analysis
- 4.1. Microbe Movement Analysis & Market Share, 2023 & 2030
- 4.2. Yeast
- 4.2.1. Yeast Precision Fermentation Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 4.3. Algae
- 4.3.1. Algae Precision Fermentation Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Fungi
- 4.4.1. Fungi Precision Fermentation Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. Bacteria
- 4.5.1. Bacteria Precision Fermentation Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Precision Fermentation Market: Ingredient Estimates & Trend Analysis
- 5.1. Ingredient Movement Analysis & Market Share, 2023 & 2030
- 5.2. Whey & Casein Protein
- 5.2.1. Whey & Casein Protein Precision Fermentation Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 5.3. Egg White
- 5.3.1. Egg White Precision Fermentation Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Collagen Protein
- 5.4.1. Collagen Protein Precision Fermentation Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Heme Protein
- 5.5.1. Heme Protein Precision Fermentation Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Enzymes
- 5.6.1. Enzymes Precision Fermentation Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.7. Others
- 5.7.1. Others Precision Fermentation Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Precision Fermentation Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 6.2. Food & Beverages
- 6.2.1. Precision Fermentation Market Estimates & Forecast, in Food & Beverages, 2018 to 2030 (USD Million) (Kilotons)
- 6.3. Pharmaceuticals
- 6.3.1. Precision Fermentation Market Estimates & Forecast, in Pharmaceuticals, 2018 to 2030 (USD Million) (Kilotons)
- 6.4. Personal Care & Cosmetics
- 6.4.1. Precision Fermentation Market Estimates & Forecast, in Personal Care & Cosmetics 2018 to 2030 (USD Million) (Kilotons)
- 6.5. Other End Use
- 6.5.1. Precision Fermentation Market Estimates & Forecast, in Other End Use, 2018 to 2030 (USD Million) (Kilotons)
Chapter 7. Precision Fermentation Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Precision Fermentation Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. U.S. Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Canada Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Mexico Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3. Europe
- 7.3.1. Europe Precision Fermentation Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.2. Germany
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Germany Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.3. UK
- 7.3.3.1. Key country dynamics
- 7.3.3.2. UK Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.4. France
- 7.3.4.1. Key country dynamics
- 7.3.4.2. France Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.5. Italy
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Italy Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.6. Spain
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Spain Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Precision Fermentation Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. China Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.3. India
- 7.4.3.1. Key country dynamics
- 7.4.3.2. India Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.4. Japan
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Japan Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.5. South Korea
- 7.4.5.1. Key country dynamics
- 7.4.5.2. South Korea Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5. Central & South America
- 7.5.1. Central & South America Precision Fermentation Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Brazil Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.3. Argentina
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Argentina Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6. Middle East & Africa
- 7.6.1. Middles East & Africa Precision Fermentation Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Saudi Arabia Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.3. South Africa
- 7.6.3.1. Key country dynamics
- 7.6.3.2. South Africa Precision Fermentation Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 8. Precision Fermentation Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Key Company Categorization
- 8.3. Company Market Share/Position Analysis, 2023
- 8.4. Company Heat Map Analysis
- 8.5. Vendor Landscape
- 8.5.1. List of Distributors
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. Geltor
- 8.7.1.1. Participant's overview
- 8.7.1.2. Financial performance
- 8.7.1.3. Product benchmarking
- 8.7.1.4. Recent developments
- 8.7.2. Perday Day Inc
- 8.7.2.1. Participant's overview
- 8.7.2.2. Financial performance
- 8.7.2.3. Product benchmarking
- 8.7.2.4. Recent developments
- 8.7.3. The Every Co.
- 8.7.3.1. Participant's overview
- 8.7.3.2. Financial performance
- 8.7.3.3. Product benchmarking
- 8.7.3.4. Recent developments
- 8.7.4. Impossible Foods Inc.
- 8.7.4.1. Participant's overview
- 8.7.4.2. Financial performance
- 8.7.4.3. Product benchmarking
- 8.7.4.4. Recent developments
- 8.7.5. Motif FoodWorks Inc.
- 8.7.5.1. Participant's overview
- 8.7.5.2. Financial performance
- 8.7.5.3. Product benchmarking
- 8.7.5.4. Recent developments
- 8.7.6. Formo
- 8.7.6.1. Participant's overview
- 8.7.6.2. Financial performance
- 8.7.6.3. Product benchmarking
- 8.7.6.4. Recent developments
- 8.7.7. Eden Brew
- 8.7.7.1. Participant's overview
- 8.7.7.2. Financial performance
- 8.7.7.3. Product benchmarking
- 8.7.7.4. Recent developments
- 8.7.8. Mycorena
- 8.7.8.1. Participant's overview
- 8.7.8.2. Financial performance
- 8.7.8.3. Product benchmarking
- 8.7.8.4. Recent developments
- 8.7.9. Change Foods
- 8.7.9.1. Participant's overview
- 8.7.9.2. Financial performance
- 8.7.9.3. Product benchmarking
- 8.7.9.4. Recent developments
- 8.7.10. MycoTechnology
- 8.7.10.1. Participant's overview
- 8.7.10.2. Financial performance
- 8.7.10.3. Product benchmarking
- 8.7.10.4. Recent developments