According to a market report by Lucintel, the future of the precision fermentation market looks promising with opportunities in the meat & seafood, dairy alternative, and egg alternative applications. The global precision fermentation market is expected to reach an estimated $10.3 billion by 2028 with a CAGR of 37.8% from 2023 to 2028. The major drivers for this market are growing preference towards vegan diets, increasing usage of this technique to manufacture animal-free proteins, and rising adoption of precision fermentation in the biomedical application.
In this market, whey & casein protein, egg white, collagen protein,
heme protein, and enzyme are the major segments of precision fermentation
market by ingredient. Lucintel forecasts that whey & casein protein is
expected to witness highest growth over the forecast period due to the substantial
demand from athletes and fitness enthusiasts for whey protein as a nutritional
supplement and increasing inclination towards precision fermentation for the production
of high-quality, sustainably, and affordable whey protein.
Within this market, meat & seafood is expected to remain the
largest segment due to the significant use of precision fermentation for the
production of cultured meat, plant-based meat substitutes, and seafood
substitutes.
North America will remain the largest region due to the rising demand
for healthy food products, increasing population's preference towards
plant-based meat alternatives, and growing number of key players in the region.
Change Foods, Geltor, Helania, Formo, FUMI Ingredients, Fybraworks
Foods, and Imagindairy are the major suppliers in the global precision
fermentation market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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