The Global Precision Fermentation Market Is Expected To Grow With A Cagr Of 37.8% From 2023 To 2028

By Author: Lucintel LLC
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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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