Report Code: CMI32612

Published Date: October 2023

Pages: 220+

Category: Food & Beverages

Report Snapshot

CAGR: 45%
2.15B
2022
4.48B
2023
25.54B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Ginkgo Bioworks – USA
  • Perfect Day – USA
  • Zymergen – USA
  • Pivot Bio – USA
  • Modern Meadow – USA
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Precision Fermentation Market is expected to record a CAGR of 45% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 2.15 Billion. By 2032, the valuation is anticipated to reach USD 25.54 Billion.

The precision fermentation market pertains to the utilization of fermentation technology for the precise and controlled production of a wide array of products. It involves the use of microorganisms like bacteria or yeast to generate specific proteins, enzymes, or other biochemicals through genetic engineering and fermentation processes.

Over a recent period, the precision fermentation market has witnessed substantial growth. This expansion can be attributed to advancements in genetic engineering, synthetic biology, and fermentation technologies, which have broadened the scope of applications for precision fermentation. Precision fermentation finds utility across multiple industries, including food and beverages, pharmaceuticals, agriculture, cosmetics, and biofuels.

It facilitates the efficient production of proteins, enzymes, flavor compounds, nutraceuticals, and other high-value chemicals, enhancing their functionality. Notably, the precision fermentation market is witnessing the emergence of numerous startups and established companies specializing in this domain. These entities are dedicated to developing innovative fermentation platforms, genetic engineering tools, and proprietary microbial strains to cater to the increasing demand for precision fermentation products.

It’s worth noting that precision fermentation involves genetic engineering, and as such, companies operating in this field must adhere to regulations related to biotechnology, genetically modified organisms (GMOs), and food safety. Regulatory frameworks may differ from one country to another, making it imperative for market participants to ensure compliance for successful market entry and acceptance.

The precision fermentation market is poised for sustained growth, driven by the rapid advancements in biotechnology and fermentation technologies. This growth trajectory is expected to persist as the market responds to the increasing demand for sustainable and plant-based products. Additionally, the need for efficient and environmentally friendly manufacturing processes will further propel the adoption of precision fermentation across a wide spectrum of industries.

Precision Fermentation Market – Significant Growth Factors

The growing emphasis on sustainability and environmental considerations is a primary driver behind the adoption of precision fermentation. A significant catalyst for the precision fermentation market is the increasing demand for alternative proteins. Notably, companies like Impossible Foods and Beyond Meat are leveraging precision fermentation techniques to manufacture plant-based meat substitutes.

Advancements in genetic engineering methodologies have unlocked new avenues in precision fermentation. Companies such as Perfect Day and Clara Foods are illustrative examples, as they employ precision fermentation to create animal-free dairy products. Technological progress, including the use of CRISPR-Cas9, has enabled highly accurate modifications of microorganisms.

The ongoing research and development efforts in fermentation technologies are fostering innovations in precision fermentation. An illustrative instance is Ginkgo Bioworks, a synthetic biology firm, which secured $1.4 billion in funding to expand its precision fermentation capabilities.

These advancements enable the efficient production of complex molecules and bioactive compounds, marking a significant stride in the precision fermentation market.

Precision fermentation presents companies with opportunities to expand and diversify their product offerings. A compelling example is Biossance, a skincare brand that leverages precision fermentation to manufacture squalane, a sustainable and cruelty-free alternative to conventional squalane sourced from sharks.

This technology empowers companies to craft products that are tailored to meet specific consumer demands. For instance, Clara Foods is actively exploring precision fermentation techniques to engineer custom-designed egg proteins for use by food manufacturers.

Moreover, collaborations among industry stakeholders, research institutions, and academia hold the potential to drive innovation and expedite the commercialization of precision fermentation products. An exemplar of this collaborative approach is the partnership between DuPont Nutrition & Biosciences and the BioAg Alliance, which is dedicated to developing precision fermentation-based microbial solutions for the agricultural sector.

Such collaborations foster synergy in research and development efforts, enhancing the market’s growth prospects.

Precision fermentation is at the forefront of catalyzing the growth of plant-based alternatives in the meat and dairy sectors. Evidently, Perfect Day harnesses precision fermentation to craft dairy proteins without the involvement of animals, while enterprises such as Beyond Meat and Impossible Foods utilize this technology to fashion plant-based meat alternatives.

Furthermore, precision fermentation plays an indispensable role in the advancement of cell-based meat and seafood products. Companies like Memphis Meats and BlueNalu are harnessing precision fermentation to manufacture cultured meat and seafood, presenting sustainable substitutes to conventional animal farming.

Additionally, precision fermentation serves as a pivotal tool in the production of functional ingredients and nutraceuticals.

Global Precision Fermentation Market 2023–2032 (By Microbe)

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Precision Fermentation Market – Mergers and Acquisitions

  • Ginkgo Bioworks and Sumitomo Chemical Partnership (June 2019): In June 2019, Ginkgo Bioworks, a prominent U.S.-based biotechnology company, joined forces with Sumitomo Chemical to pioneer an innovative technology platform for the production of high-value chemicals utilizing precision fermentation.
  • Amyris and Robertet Collaboration (October 2020): In October 2020, the U.S.-based biotech firm Amyris announced a strategic partnership with the renowned French fragrance and flavor company, Robertet. Their objective was to collaboratively develop and bring to market a diverse range of sustainable and natural fragrances using precision fermentation techniques.
  • Evolva’s Launch of Natural Sweeteners (January 2021): In January 2021, the Swiss biotech firm Evolva introduced a novel line of natural sweeteners named L-arabinose and D-allulose. These sweeteners were uniquely produced through the application of precision fermentation technology.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Precision Fermentation Market Organic Coffee Market Egg Replacement Ingredients Market
CAGR 45% (Approx) CAGR 9.5% (Approx) CAGR 6.5% (Approx)
USD 25.54 Billion by 2032 USD 14.55 Billion by 2032 USD 1267.53 Million by 2032

Precision Fermentation Market – Significant Threats

  • Regulatory and Safety Concerns: Precision fermentation involves the use of genetically engineered microorganisms to produce various products, including food ingredients and pharmaceuticals. Regulatory bodies worldwide were scrutinizing these technologies for safety and environmental impact. Any stringent regulations or public concerns about safety could pose a significant threat to the industry.
  • Market Acceptance: Convincing consumers to accept products created through precision fermentation can be a challenge. Products made using this technology need to be marketed and labeled effectively to gain consumer trust and acceptance.
  • Competition from Traditional Agriculture: The precision fermentation market competes with traditional methods of agriculture and chemical synthesis. The cost-effectiveness and environmental benefits of precision fermentation must be compelling to overcome competition from established industries.
  • Supply Chain Vulnerabilities: Precision fermentation relies on specific strains of microorganisms and precise conditions for production. Any disruptions in the supply chain, such as shortages of key raw materials or issues with fermentation processes, could impact production and supply.
  • Intellectual Property and Patent Issues: Legal battles over patents and intellectual property rights in the precision fermentation sector are not uncommon. These disputes can be costly and time-consuming, potentially hampering innovation and market growth.
  • Scaling Challenges: Transitioning from small-scale laboratory production to large-scale industrial production can be challenging. Scaling up precision fermentation processes while maintaining product quality and consistency can be a significant hurdle.
  • Market Competition: As the industry grows, more companies enter the precision fermentation market. Increased competition can lead to pricing pressure and reduced profit margins, making it difficult for some companies to stay competitive.
  • Ethical and Environmental Concerns: Precision fermentation has been lauded for its potential to reduce the environmental impact of agriculture and industrial processes. However, concerns about monoculture and large-scale fermentation facilities’ energy usage and environmental effects may affect public perception.
  • Technological Challenges: Developing and optimizing precision fermentation processes for various applications can be technically complex and time-consuming. Companies need to invest in research and development to overcome these challenges.
  • Market Volatility: Like any emerging technology sector, the precision fermentation market can be subject to market volatility and economic downturns. Economic factors and investor sentiment can impact funding and growth prospects.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 4.48 Billion
Projected Market Size in 2032 USD 25.54 Billion
Market Size in 2022 USD 2.15 Billion
CAGR Growth Rate 45% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Ingredient, Application, Microbe and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

Dairy Alternatives Segment:

In 2022, the dairy alternatives sector commanded the largest market share, and it is expected to continue its dominant position throughout the forecast period. The production of dairy alternatives involves the incorporation of DNA sequences from milk proteins into yeast or fungi, which are then subjected to fermentation with a mixture of nutrients and sugar within specialized fermentation vessels.

The specific strains of bacteria employed in this fermentation process are selected to generate proteins that closely resemble the nutritional composition found in dairy products derived from cows. These proteins are subsequently purified into a highly refined milk protein isolate, which serves as a key ingredient in the production of plant-based dairy products, including items such as cheese, ice cream, and yoghurt.

The fermentation process gives rise to dairy proteins that serve as the foundational building blocks for dairy alternative products. Functionally, these proteins are virtually indistinguishable from those found in traditional dairy produced from cow’s milk, offering consumers a comparable experience in terms of flavor, texture, and nutritional content. Much like their dairy counterparts, these alternative products can be melted, whipped, and frothed, adding to their versatility and appeal.

Casein Protein Segment:

The segment pertaining to whey and casein protein is experiencing the highest Compound Annual Growth Rate (CAGR) within the precision fermentation market during the projected period. Protein content is a fundamental nutritional aspect that significantly contributes to the widespread popularity of milk among consumers.

In addition to elements such as calcium, vitamin B12, vitamin A, and amino acids, protein holds a central role in driving consumer demand for milk. Among the various proteins present in milk, casein and whey stand out as the primary constituents, offering a range of advantages that encompass muscle enhancement and the reduction of cardiovascular disease risk.

Global Precision Fermentation Market 2023–2032 (By Billion)

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Precision Fermentation Market – Regional Analysis

North America:

  • North America, particularly the United States and Canada, has been a hub for biotechnology and precision fermentation innovations.
  • The region has witnessed substantial investment and research in the development of precision fermentation techniques for various applications, including food, pharmaceuticals, and agriculture.
  • Regulatory agencies in North America have been actively engaged in reviewing and updating guidelines related to precision fermentation products.

Europe:

  • Europe has been a significant player in the precision fermentation market, with countries like Germany, the Netherlands, and the UK leading in research and development.
  • The European market has seen a focus on precision fermentation for sustainable food production and pharmaceutical applications.
  • Ethical and environmental concerns have driven the adoption of precision fermentation for sustainable agriculture and alternative protein sources.

Asia-Pacific:

  • Asia-Pacific has shown growing interest and investment in precision fermentation, driven by the need to address food security, population growth, and sustainability.
  • Countries like Japan, China, and Singapore have been active in research and development efforts related to precision fermentation.
  • The region has been a key player in the production of alternative proteins and ingredients using precision fermentation techniques.

Global Precision Fermentation Market 2023–2032 (By Application)

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List of the prominent players in the Precision Fermentation Market:

  • Ginkgo Bioworks – USA
  • Perfect Day – USA
  • Zymergen – USA
  • Pivot Bio – USA
  • Modern Meadow – USA
  • Novozymes – Denmark
  • BioNTech – Germany
  • AbSci -USA
  • Genomatica – USA
  • Amyris – USA
  • Ouroboros – USA
  • Zymtronix – USA
  • Tianjin Institute of Industrial Biotechnology – China
  • Biolingus – Germany
  • Natura &Co – Brazil
  • Biotecmar – Chile
  • INBIOTECH – Argentina
  • PlantArcBio – Israel
  • Lycored – Israel
  • Red Sea Farms – Saudi Arabia
  • Clara Foods – USA
  • Nature’s Fynd – USA
  • Biomilk – Rehovot, Israel
  • Motif FoodWorks – USA
  • Calysta – USA
  • Others

The Precision Fermentation Market is segmented as follows:

By Ingredient

  • Whey & Casein Protein
  • Egg White
  • Collagen Protein
  • Heme Protein
  • Enzymes
  • Others

By Application

  • Meat & Seafood
  • Dairy Alternatives
  • Egg Alternatives
  • Others

By Microbe

  • Yeast
  • Algae
  • Fungi
  • Bacteria

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Precision Fermentation Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Precision Fermentation Market: snapshot
  • Chapter 3. Global Precision Fermentation Market – Industry Analysis
    • 3.1 Precision Fermentation Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Technological Advancements
      • 3.2.2 Rising Demand for Sustainable Solutions
      • 3.2.3 Health and Nutrition Focus
      • 3.2.4 Alternative Protein Sources
      • 3.2.5 Regulatory Landscape
      • 3.2.6 Investment and Funding
      • 3.2.7 Consumer Acceptance
      • 3.2.8 Market Competition
      • 3.2.9 Diverse Applications
      • 3.2.10 Supply Chain Considerations.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Ingredient
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By Microbe
  • Chapter 4. Global Precision Fermentation Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Precision Fermentation Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Precision Fermentation Market – Ingredient Analysis
    • 5.1 Global Precision Fermentation Market Overview: By Ingredient
      • 5.1.1 Global Precision Fermentation Market Share, By Ingredient, 2022 and – 2033
    • 5.2 Whey & Casein Protein
      • 5.2.1 Global Precision Fermentation Market by Whey & Casein Protein, 2024 – 2033 (USD Billion)
    • 5.3 Egg White
      • 5.3.1 Global Precision Fermentation Market by Egg White, 2024 – 2033 (USD Billion)
    • 5.4 Collagen Protein
      • 5.4.1 Global Precision Fermentation Market by Collagen Protein, 2024 – 2033 (USD Billion)
    • 5.5 Heme Protein
      • 5.5.1 Global Precision Fermentation Market by Heme Protein, 2024 – 2033 (USD Billion)
    • 5.6 Enzymes
      • 5.6.1 Global Precision Fermentation Market by Enzymes, 2024 – 2033 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Precision Fermentation Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Precision Fermentation Market – Application Analysis
    • 6.1 Global Precision Fermentation Market Overview: By Application
      • 6.1.1 Global Precision Fermentation Market Share, By Application, 2022 and – 2033
    • 6.2 Meat & Seafood
      • 6.2.1 Global Precision Fermentation Market by Meat & Seafood, 2024 – 2033 (USD Billion)
    • 6.3 Dairy Alternatives
      • 6.3.1 Global Precision Fermentation Market by Dairy Alternatives, 2024 – 2033 (USD Billion)
    • 6.4 Egg Alternatives
      • 6.4.1 Global Precision Fermentation Market by Egg Alternatives, 2024 – 2033 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Precision Fermentation Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Precision Fermentation Market – Microbe Analysis
    • 7.1 Global Precision Fermentation Market Overview: By Microbe
      • 7.1.1 Global Precision Fermentation Market Share, By Microbe, 2022 and – 2033
    • 7.2 Yeast
      • 7.2.1 Global Precision Fermentation Market by Yeast, 2024 – 2033 (USD Billion)
    • 7.3 Algae
      • 7.3.1 Global Precision Fermentation Market by Algae, 2024 – 2033 (USD Billion)
    • 7.4 Fungi
      • 7.4.1 Global Precision Fermentation Market by Fungi, 2024 – 2033 (USD Billion)
    • 7.5 Bacteria
      • 7.5.1 Global Precision Fermentation Market by Bacteria, 2024 – 2033 (USD Billion)
  • Chapter 8. Precision Fermentation Market – Regional Analysis
    • 8.1 Global Precision Fermentation Market Regional Overview
    • 8.2 Global Precision Fermentation Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Precision Fermentation Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Precision Fermentation Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Precision Fermentation Market, by Ingredient, 2024 – 2033
      • 8.4.1 North America Precision Fermentation Market, by Ingredient, 2024 – 2033 (USD Billion)
    • 8.5 North America Precision Fermentation Market, by Application, 2024 – 2033
      • 8.5.1 North America Precision Fermentation Market, by Application, 2024 – 2033 (USD Billion)
    • 8.6 North America Precision Fermentation Market, by Microbe, 2024 – 2033
      • 8.6.1 North America Precision Fermentation Market, by Microbe, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Precision Fermentation Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Precision Fermentation Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Precision Fermentation Market, by Ingredient, 2024 – 2033
      • 8.8.1 Europe Precision Fermentation Market, by Ingredient, 2024 – 2033 (USD Billion)
    • 8.9 Europe Precision Fermentation Market, by Application, 2024 – 2033
      • 8.9.1 Europe Precision Fermentation Market, by Application, 2024 – 2033 (USD Billion)
    • 8.10 Europe Precision Fermentation Market, by Microbe, 2024 – 2033
      • 8.10.1 Europe Precision Fermentation Market, by Microbe, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Precision Fermentation Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Precision Fermentation Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Precision Fermentation Market, by Ingredient, 2024 – 2033
      • 8.12.1 Asia Pacific Precision Fermentation Market, by Ingredient, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Precision Fermentation Market, by Application, 2024 – 2033
      • 8.13.1 Asia Pacific Precision Fermentation Market, by Application, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Precision Fermentation Market, by Microbe, 2024 – 2033
      • 8.14.1 Asia Pacific Precision Fermentation Market, by Microbe, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Precision Fermentation Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Precision Fermentation Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Precision Fermentation Market, by Ingredient, 2024 – 2033
      • 8.16.1 Latin America Precision Fermentation Market, by Ingredient, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Precision Fermentation Market, by Application, 2024 – 2033
      • 8.17.1 Latin America Precision Fermentation Market, by Application, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Precision Fermentation Market, by Microbe, 2024 – 2033
      • 8.18.1 Latin America Precision Fermentation Market, by Microbe, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Precision Fermentation Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Precision Fermentation Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Precision Fermentation Market, by Ingredient, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Precision Fermentation Market, by Ingredient, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Precision Fermentation Market, by Application, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Precision Fermentation Market, by Application, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Precision Fermentation Market, by Microbe , 2024 – 2033
      • 8.22.1 The Middle-East and Africa Precision Fermentation Market, by Microbe , 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Ginkgo Bioworks – USA
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Perfect Day – USA
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Zymergen – USA
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Pivot Bio – USA
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Modern Meadow – USA
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Novozymes – Denmark
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 BioNTech – Germany
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 AbSci -USA
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Genomatica – USA
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Amyris – USA
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Ouroboros – USA
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Zymtronix – USA
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Tianjin Institute of Industrial Biotechnology – China
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Biolingus – Germany
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Natura &Co – Brazil
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Biotecmar – Chile
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 INBIOTECH – Argentina
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 PlantArcBio – Israel
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Lycored – Israel
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Red Sea Farms – Saudi Arabia
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Clara Foods – USA
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
    • 9.22 Nature’s Fynd – USA
      • 9.22.1 Overview
      • 9.22.2 Financials
      • 9.22.3 Product Portfolio
      • 9.22.4 Business Strategy
      • 9.22.5 Recent Developments
    • 9.23 Biomilk – Rehovot Israel 
      • 9.23.1 Overview
      • 9.23.2 Financials
      • 9.23.3 Product Portfolio
      • 9.23.4 Business Strategy
      • 9.23.5 Recent Developments
    • 9.24 Calysta – USA
      • 9.24.1 Overview
      • 9.24.2 Financials
      • 9.24.3 Product Portfolio
      • 9.24.4 Business Strategy
      • 9.24.5 Recent Developments
    • 9.25 Motif FoodWorks – USA
      • 9.25.1 Overview
      • 9.25.2 Financials
      • 9.25.3 Product Portfolio
      • 9.25.4 Business Strategy
      • 9.25.5 Recent Developments
    • 9.26 Others
      • 9.26.1 Overview
      • 9.26.2 Financials
      • 9.26.3 Product Portfolio
      • 9.26.4 Business Strategy
      • 9.26.5 Recent Developments
List Of Figures

Figures No 1 to 30

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Ginkgo Bioworks – USA
  • Perfect Day – USA
  • Zymergen – USA
  • Pivot Bio – USA
  • Modern Meadow – USA
  • Novozymes – Denmark
  • BioNTech – Germany
  • AbSci -USA
  • Genomatica – USA
  • Amyris – USA
  • Ouroboros – USA
  • Zymtronix – USA
  • Tianjin Institute of Industrial Biotechnology – China
  • Biolingus – Germany
  • Natura &Co – Brazil
  • Biotecmar – Chile
  • INBIOTECH – Argentina
  • PlantArcBio – Israel
  • Lycored – Israel
  • Red Sea Farms – Saudi Arabia
  • Clara Foods – USA
  • Nature’s Fynd – USA
  • Biomilk – Rehovot, Israel
  • Motif FoodWorks – USA
  • Calysta – USA
  • Others

FAQs

The key factors driving the Market are Technological Advancements, Rising Demand for Sustainable Solutions, Health and Nutrition Focus, Alternative Protein Sources, Regulatory Landscape, Investment and Funding, Consumer Acceptance, Market Competition, Diverse Applications And Supply Chain Considerations.

The “Ingredient” category dominated the market in 2022.

The key players in the market are Ginkgo Bioworks – USA, Perfect Day – USA, Zymergen – USA, Pivot Bio – USA, Modern Meadow – USA, Novozymes – Denmark, BioNTech – Germany, AbSci -USA, Genomatica – USA, Amyris – USA, Ouroboros – USA, Zymtronix – USA, Tianjin Institute of Industrial Biotechnology – China, Biolingus – Germany, Natura &Co – Brazil, Biotecmar – Chile, INBIOTECH – Argentina, PlantArcBio – Israel, Lycored – Israel, Red Sea Farms – Saudi Arabia, Clara Foods – USA, Nature’s Fynd – USA, Biomilk – Rehovot, Israel, Motif FoodWorks – USA, Calysta – USA, Others

“North America” had the largest share in the Precision Fermentation Market.

The global market is projected to grow at a CAGR of 45% during the forecast period, 2023-2032.

The Precision Fermentation Market size was valued at USD 2.15 Billion in 2022.

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