Precision Fermentation Ingredients Market is expected to reach $38.02 billion by 2031,
Meticulous Research®—a leading global
market research company, published a 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.'
Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5752?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=30-04-2024
According to this latest publication from
Meticulous Research®, the global precision fermentation ingredients market is
projected to reach $38.02 billion by 2031, at a CAGR of 43.5% from 2024 to
2031.The growth of the precision fermentation ingredients market is mainly
driven by the growing population and rising awareness about the benefits of
alternative protein, increasing inclination towards 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. However, the high production cost of ingredients is a major
challenge for the players in this market.
Key
Findings in the Precision Fermentation Ingredients Market Study:
In
2024, the Whey & Casein Protein Segment is Expected to Dominate the
Precision Fermentation Ingredients Market
Based
on type, the global precision fermentation ingredients market is segmented into
whey & casein protein, egg white, collagen protein, heme protein, enzymes,
and other ingredient 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 towards a healthy diet, rising trend of health
clubs and fitness centers, an increasing percentage of older age people, and
keen interest of youngsters towards sports and nutrition are some of the
factors that further support the growth of this market.
However, the egg white
segment is projected to register the highest CAGR during the forecast period of
2024–2031 due to egg whites providing a low-fat and high-protein option, its
increasing demand due to its uses in various food products, and egg whites
being allergen free. In addition, growing vegetarianism and increasing
preference for sustainably sourced products are driving the growth of the
segment.
In
2024, the Yeast Segment is Expected to Dominate the Global Precision
Fermentation Ingredients 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.
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request sample report here: https://www.meticulousresearch.com/request-sample-report/cp_id=5752?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=30-05-2024
In
2024, the Food and Beverage Industry Segment is Expected to Dominate the Global
Precision Fermentation Ingredients Market
Based
on end user, the global precision fermentation ingredients market is segmented
into food and beverage industry, pharmaceutical industry, and other end users.
In 2024, the food and beverage industry 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 end user, the food and beverage industry is further segmented
into meat & seafood products, dairy products, and other food and beverage
products.
Key Players
The key players operating in the global
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), among others.
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