Dublin, Aug. 25, 2022 (GLOBE NEWSWIRE) -- The "Global Precision Fermentation Market by Ingredient (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein), Microbe (Yeast, Algae, Fungi, Bacteria), Application (Meat & Seafood, Dairy Alternatives, Egg Alternatives), and Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The global precision fermentation market is estimated to be valued at USD 1.6 billion in 2022 and is projected to reach USD 36.3 billion by 2030, recording a CAGR of 48.1% in terms of value.

By application, the meat & seafood segment is projected to account for the second-largest market share during the forecast period

Based on application, the meat & seafood segment is projected to account for the second-largest market share. The demand for plant-based proteins in the meat alternatives segment is projected to grow at a significant rate in the coming years as the global plant-based meat industry has been showing remarkable growth. Companies like Impossible Foods, Motif FoodWorks, and Melt & Marble have introduced precision-fermented meat-alternative burgers, fats, and proteins, which is expected to boost the growth of the meat & seafood segment in the precision fermentation market.

By ingredient, the whey & casein protein segment formed the second-largest market after enzymes

Whey protein is a type of protein extracted from dairy products like milk. This protein has greater digestibility and amino acid balance score. Whey has a neutral flavor which means it can be used in different products without changing their taste and functionality. Therefore, it is used on a larger scale across the sports nutrition and food & beverage industries.

By microbe, the bacteria segment is forecasted to account for the highest CAGR in the market

The great biological diversity of microbial species and nearly endless biological synthesis capabilities mean that fermentation-based techniques provide enormous potential for novel alternative protein solutions. Microorganism-based proteins, on the other hand, have a long way to go before they attain parity in terms of flavor, texture, and cost with traditional animal proteins.

The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period

Awareness through global animal welfare organizations, such as PETA (People for the Ethical Treatment for Animals), has led to people considering a meat-free diet. Non-meat-based meals are already popular in Asia, with tofu used extensively in Asian cuisines and bean-based congees widely consumed in countries such as China. Key factors driving the demand for precision-fermented egg alternatives in Asia are the increasing number of people preferring a vegetarian diet and the rise in prices of eggs. Additionally, health benefits such as low cholesterol and high-protein content offered by egg alternative protein ingredients drive the demand for these products in this region.

4 Premium Insights 4.1 Brief Overview of the Precision Fermentation Market 4.2 Europe: Precision Fermentation Market, by Ingredient and Country 4.3 Precision Fermentation Market, by Ingredient 4.4 Precision Fermentation Market, by Application and Region 4.5 Precision Fermentation Market, by Microbe 4.6 Precision Fermentation Market, by Application

5 Market Overview 5.1 Introduction 5.2 Macroindicators 5.2.1 Fermentation to Develop a Sustainable Food System 5.3 Market Dynamics 5.3.1 Drivers 5.3.1.1 Heavy Investments and Funding in the Precision Fermentation Space 5.3.1.2 Growing Adoption of Vegan and Meat-Free Lifestyles 5.3.1.3 Production of Precision-Fermented Ingredients to Have a Lower Carbon Footprint 5.3.2 Restraints 5.3.2.1 Higher Manufacturing Costs Associated with the Production of Ingredients Utilizing Precision Fermentation 5.3.3 Opportunities 5.3.3.1 Development of Novel Protein Production Systems 5.3.3.2 Lower Production and Supply Chain Costs 5.3.3.3 Competitive Product Costing Against Animal-based and Other Alternative Proteins 5.3.4 Challenges 5.3.4.1 Commercialization and Scaling Up of Production 5.3.4.2 Customer Acceptance of Precision-Fermented Products

6 Industry Trends 6.1 Introduction 6.2 Value Chain 6.2.1 Target Metabolite Identification and Selection 6.2.2 Microbial Strain Development 6.2.3 Feedstock Discovery and Optimization 6.2.4 Bioprocessing Design and Manufacturing 6.2.5 End Product and Ingredient Commercialization 6.3 Value Chain Analysis of Alternative Protein Products 6.3.1 Research & Development 6.3.2 Raw Material Sourcing 6.3.3 Production and Processing 6.3.4 Packaging 6.3.5 Marketing & Distribution and End-use Industry 6.4 Supply Chain Analysis of Alternative Protein Products 6.5 Technology Analysis 6.5.1 Genomic Revolution and Artificial Intelligence 6.5.2 Machine Learning 6.6 Pricing Analysis 6.7 Market Map and Ecosystem 6.7.1 Demand-Side Companies 6.7.2 Supply-Side Companies 6.8 Trends Impacting Buyers in the Precision Fermentation Market 6.9 Patent Analysis 6.10 Key Conferences & Events in 2022-2023 6.11 Porter's Five Forces Analysis 6.11.1 Degree of Competition 6.11.2 Bargaining Power of Suppliers 6.11.3 Bargaining Power of Buyers 6.11.4 Threat from Substitutes 6.11.5 Threat from New Entrants 6.12 Case Studies 6.12.1 Growing Demand for Alternative Protein Products 6.12.2 Increasing Cases of Lactose Intolerance 6.13 Regulatory Bodies/Government Agencies/ Other Organizations 6.14 Key Stakeholders and Buying Criteria 6.14.1 Key Stakeholders in the Buying Process 6.14.2 Buying Criteria 6.15 Regulatory Framework 6.15.1 Introduction 6.15.2 Regulations, by Country/Region 6.15.2.1 US 6.15.2.2 Canada 6.15.2.3 European Union 6.15.2.4 Australia 6.15.2.5 Singapore

7 Precision Fermentation Market, by Application 7.1 Introduction 7.2 Meat & Seafood 7.2.1 Increasing Vegan Population to Drive the Demand for Animal-Free Meat and Seafood 7.3 Dairy Alternatives 7.3.1 Shift Toward Dairy-Free Products to Fuel the Growth of the Dairy Alternatives Segment 7.4 Egg Alternatives 7.4.1 Allergic Properties of Egg to Shift Customers Toward Egg Alternatives 7.5 Other Applications 7.5.1 Precision-Fermented Ingredients Offer a Wide Array of Applications Leading to the Growth of this Segment

8 Precision Fermentation Market, by Ingredient 8.1 Introduction 8.2 Whey & Casein Protein 8.2.1 Increasing Demand for Dairy Alternatives to Drive the Demand for Whey & Casein Protein 8.3 Egg White 8.3.1 Growing Adoption of Flexitarian Diets to Boost the Animal-Free Egg White Market 8.4 Collagen Protein 8.4.1 Global Plant-based Movement Supports the Growth of Collagen Protein Developed Via Precision Fermentation 8.5 Heme Protein 8.5.1 Use of Heme Protein to Replicate the Meaty Taste in Meat Alternatives 8.6 Enzymes 8.6.1 Growth in the Animal-Free Protein Sector to Drive the Demand for Enzymes 8.7 Other Ingredients 8.7.1 Growth in the Animal-Free Protein Sector to Drive the Demand for Fats and Oils

9 Precision Fermentation Market, by Microbe 9.1 Introduction 9.2 Yeast 9.2.1 Wide Applications of Precision-Fermented Yeast to Drive the Growth of the Segment 9.3 Algae 9.3.1 Functional Benefits of Algae to Create Opportunities in the Precision Fermentation Market 9.4 Fungi 9.4.1 Animal-Free Alternatives are Paving the Way for Fungi-based Proteins 9.5 Bacteria 9.5.1 Precision Fermentation Using Bacteria to Produce Sustainable Food Products 9.5.2 Archaea Bacteria

10 Precision Fermentation Market, by Region

11 Competitive Landscape 11.1 Overview 11.2 Market Ranking Analysis, 2021 11.3 Key Player Strategies 11.4 Company Evaluation Quadrant (Key Players) 11.4.1 Stars 11.4.2 Emerging Leaders 11.4.3 Pervasive Players 11.4.4 Participants 11.5 Product Footprint 11.6 Precision Fermentation Market: Evaluation Quadrant of Other Players, 2021 11.6.1 Progressive Companies 11.6.2 Starting Blocks 11.6.3 Responsive Companies 11.6.4 Dynamic Companies 11.7 Competitive Scenario 11.7.1 New Product Launches 11.7.2 Expansions 11.7.3 Acquisitions 11.7.4 Partnerships and Joint Ventures 11.7.5 Investments

12 Company Profiles 12.1 Key Players 12.1.1 Geltor 12.1.2 Perfect Day, Inc. 12.1.3 The Every Co. 12.1.4 Impossible Foods Inc. 12.1.5 Motif FoodWorks, Inc. 12.1.6 Imagindairy Ltd. 12.1.7 Shiru, Inc. 12.1.8 Formo 12.1.9 Eden Brew 12.1.10 Change Foods 12.1.11 New Culture 12.1.12 Helaina Inc. 12.1.13 Mycorena 12.1.14 Mycotechnology, Inc. 12.1.15 Fybraworks Foods 12.1.16 Remilk Ltd. 12.1.17 Triton Algae Innovations 12.1.18 Melt&Marble 12.1.19 FUMI Ingredients 12.1.20 Nourish Ingredients Pty Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/j32z5k

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