Precision Fermentation Ingredients Market by Type (Whey & Casein Protein, Egg White, Collagen Protein, Enzymes), Microbe (Yeast, Algae, Filamentous Fungi), End User (Food and Beverage {Dairy Products}, Pharmaceutical Industry)

Description

List of Tables

Precision Fermentation Ingredients Market by Type (Whey & Casein Protein, Egg White, Collagen Protein, Enzymes), Microbe (Yeast, Algae, Filamentous Fungi), End User (Food and Beverage {Dairy Products}, Pharmaceutical Industry)-Global Forecast to 2031

According to a new market research report titled, 'Precision Fermentation Ingredients Market by Type (Whey & Casein Protein, Egg White, Collagen Protein, Enzymes), Microbe (Yeast, Algae, Filamentous Fungi), End User (Food and Beverage {Dairy Products}, Pharmaceutical Industry)-Global Forecast to 2031,' published by Meticulous Research(R), the precision fermentation ingredients market is projected to reach over $38.02 billion by 2031, at a CAGR of 43.5% from 2024 to 2031. The report provides an in-depth analysis of the precision fermentation ingredients market across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, challenges, and trends.

The growth of the precision fermentation ingredients market is primarily driven by the growing population and rising awareness about the benefits of alternative proteins, increasing inclination toward a vegan diet, and the growing focus on animal welfare. However, the high preference for animal-sourced products restricts the market growth to some extent.

Moreover, the rising demand for sustainable foods provides significant growth opportunities for the stakeholders operating in this market. On the other hand, the high production cost of ingredients is a major challenge for the players in this market.

Key Players

The key players operating in the precision fermentation ingredients market are Perfect Day, Inc. (U.S.), Impossible Foods Inc. (U.S.), Geltor, Inc. (U.S.), The EVERY Company (U.S.), Motif FoodWorks, Inc. (U.S.), MycoTechnology, Inc. (U.S.), MYCORENA AB (Sweden), Eden Brew Pty Ltd (Australia), Change Foods (U.S.), Formo (Germany), Remilk Ltd (Israel), Triton Algae Innovations (U.S.), Nourish Ingredients Pty Ltd. (Australia), and Imagindairy Ltd. (Israel).

Based on type, the global precision fermentation ingredients market is segmented into whey & casein protein, egg white, collagen protein, heme protein, enzymes, and other types. In 2024, the whey & casein protein segment is expected to account for the largest share of the global precision fermentation ingredients market. The large market share of this segment is attributed to the presence of a wide range of applications of whey & casein proteins in several food and beverage products. Moreover, the rising demand for dairy ingredients, consumer awareness toward a healthy diet, the rising trend of health clubs and fitness centers, an increasing percentage of older age people, and the keen interest of youngsters in sports and nutrition are some of the factors supporting the growth of this market.

Based on microbe, the global precision fermentation ingredients market is segmented into yeast, algae, filamentous fungi, and bacteria. In 2024, the yeast segment is expected to account for the largest share of the global precision fermentation ingredients market. The large market share of this segment is attributed to the need for high-quality proteins and enzymes, the high secretion capabilities of some filamentous fungi, and its high usage in food and beverages due to its higher digestible properties and containing all the 20 essential amino acids.

Based on end-use industry, the global precision fermentation ingredients market is segmented into food & beverage, pharmaceuticals, and other end-use industries. In 2024, the food & beverage segment is expected to account for the largest share of the global precision fermentation ingredients market. The large market share of this segment is attributed to the growing demand for food and beverage products due to rapid population growth, increasing consumer preference for foods and beverages containing natural ingredients, shifts in consumer eating patterns and changes in diet trends, and rising demand for dairy alternative due to increasing milk allergies and lactose intolerance cases.

Based on geography, the precision fermentation ingredients market is majorly segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, North America is expected to account for the largest share of the global precision fermentation ingredients market. The large share of this regional market is mainly attributed to the huge presence of key stakeholders in the region, the rising health awareness among the people, and their shift toward veganism. Moreover, increasing consumer preference toward meat alternatives to reduce animal meat consumption, focus on producing protein using sustainable methods due to environmental concerns, and ethical aspects associated with animal protein further support the growth of this market.

However, Asia-Pacific is slated to register the fastest growth rate during the forecast period of 2024-2031 owing to the increasing number of people preferring a vegetarian diet, health benefits such as low cholesterol and high-protein content offered by egg-based protein ingredients, and increasing demand for fermented products in India, China, and Japan. Furthermore, various companies in the region are focusing on precision fermentation technology and are raising funding. For instance, in March 2024, Cauldron (Australia), a precision fermentation company, raised USD 7.18 million (AUD 10.5 million). An Indian biotechnology company, Zero Cow Factory (India), has developed a patented technology to produce precision fermentation-derived casein. Such developments are expected to further support the market growth in the region.

Key Questions Answered in the Report:

What is the value of revenue generated by the sale of precision fermentation ingredients?
At what rate is the global demand for precision fermentation ingredients projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the precision fermentation ingredients market?
What are the major factors impacting the growth of the global precision fermentation ingredients market at global and regional levels?
What are the major opportunities for existing players and new entrants in the global precision fermentation ingredients market?
Which type, microbe, and end-use industry segments create major traction for the manufacturers in the global precision fermentation ingredients market?
What are the key geographical trends in the global precision fermentation ingredients market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in this market?
Who are the major players in the global precision fermentation ingredients market? What are their specific product offerings in this market?
What recent developments have taken place in the precision fermentation ingredients market? What impact have these strategic developments created on the market?

Scope of the Report:

Precision Fermentation Ingredients Market Assessment-by Type

Whey & Casein Protein
Egg White
Collagen Protein
Heme Protein
Enzymes
Other Ingredients

Precision Fermentation Ingredients Market Assessment-by Microbe

Yeast
Algae
Filamentous fungi
Bacteria

Precision Fermentation Ingredients Market Assessment-by End-use Industry

Food & Beverage
- Meat & Seafood Products
- Dairy Products
- Other Food and Beverage Products
Pharmaceuticals
Other End-use Industries

Precision Fermentation Ingredients Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- U.K.
- Netherlands
- Spain
- Germany
- France
- Rest of Europe
Asia-Pacific
- China
- Singapore
- Japan
- India
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Middle East & Africa

Product Code: MRFB - 1041069

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.2. Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
  - 2.3.1.1. Bottom-up Approach
  - 2.3.1.2. Top-down Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segment Analysis
- 3.2.1. Global Precision Fermentation Ingredients Market Analysis: by Type
- 3.2.2. Global Precision Fermentation Ingredients Market Analysis: by Microbe
- 3.2.3. Global Precision Fermentation Ingredients Market Analysis: by End User
3.3. Precision Fermentation Ingredients Market: By Regional Analysis
3.4. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Growing Population and Rising Awareness About the Benefits of Alternative Protein
  - 4.2.1.2. Increasing Inclination Towards Vegan Diet
  - 4.2.1.3. Growing Focus on Animal Welfare
- 4.2.2. Restraints
  - 4.2.2.1. High Preference for Animal-sourced Products
- 4.2.3. Opportunities
  - 4.2.3.1. Rising Demand for Sustainable Foods
- 4.2.4. Challenges
  - 4.2.4.1. High Production Cost of Ingredients
4.3. Trend
4.4. Porter's Five Forces Analysis
- 4.4.1. Bargaining Power of Suppliers
- 4.4.2. Bargaining Power of Buyers
- 4.4.3. Threat of Substitutes
- 4.4.4. Threat of New Entrants
- 4.4.5. Degree of Competition

5. Precision Fermentation Ingredients Market Assessment-by Type

5.1. Overview
5.2. Whey & Casein Protein
5.3. Egg White
5.4. Collagen Protein
5.5. Heme Protein
5.6. Enzymes
5.7. Other Ingredients

6. Precision Fermentation Ingredients Market Assessment-by Microbe

6.1. Overview
6.2. Yeast
6.3. Algae
6.4. Filamentous Fungi
6.5. Bacteria

7. Precision Fermentation Ingredients Market Assessment-by End User

7.1. Overview
7.2. Food and Beverage Industry
- 7.2.1. Meat & Seafood Products
- 7.2.2. Dairy Products
- 7.2.3. Other Food and Beverage Products
7.3. Pharmaceutical Industry
7.4. Other End User

8. Precision Fermentation Ingredients Market Assessment-by Geography

8.1. Overview
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
8.3. Europe
- 8.3.1. U.K.
- 8.3.2. Netherlands
- 8.3.3. Spain
- 8.3.4. Germany
- 8.3.5. France
- 8.3.6. Rest of Europe (RoE)
8.4. Asia-Pacific
- 8.4.1. China
- 8.4.2. Singapore
- 8.4.3. Japan
- 8.4.4. India
- 8.4.5. Australia
- 8.4.6. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Argentina
- 8.5.3. Mexico
- 8.5.4. Rest of Latin America
8.6. Middle East & Africa

9. Competition Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
- 9.4.1. Industry Leaders
- 9.4.2. Market Differentiators
- 9.4.3. Vanguards
- 9.4.4. Emerging Companies

10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

10.1. Perfect Day, Inc
10.2. Impossible Foods Inc.
10.3. Geltor, Inc.
10.4. The EVERY Company
10.5. Motif FoodWorks, Inc.
10.6. MycoTechnology, Inc.
10.7. MYCORENA AB
10.8. Eden Brew Pty Ltd
10.9. Change Foods
10.10. Formo
10.11. Remilk Ltd
10.12. Triton Algae Innovations
10.13. Nourish Ingredients Pty Ltd.
10.14. Imagindairy Ltd.

(Note: SWOT Analysis of Top 5 Companies Will Be Provided)

11. Appendix

11.1. Available Customization
11.2. Related Reports