According to a market report by Lucintel, the future of the global precision fermentation ingredient market looks promising with opportunities in the food & beverages, pharmaceutical, and cosmetics markets. The global precision fermentation ingredient market is expected to reach an estimated $31.2 billion by 2030 from $3.7 billion in 2024, at a CAGR of 42.6% from 2024 to 2030. The major drivers for this market are increasing consumer demand for sustainable and ethically sourced ingredients, growing awareness towards health benefits, and on-going advancements in biotechnology and fermentation techniques.
A more than 150-page report to understand trends, opportunity and forecast in precision fermentation ingredient market to 2030 by microbe (yeast, algae, fungi, and bacteria), ingredients (whey & casein protein, egg white, collagen protein, heme protein, enzymes, and others), end use (food & beverages, pharmaceutical, and cosmetics & others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the microbe category, fungi will remain the largest segment over the forecast period due to its application in research and laboratories.
Within the end use category, pharmaceutical is expected to witness the highest growth due to advancements in biotechnology.
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In terms of regions, North America will remain the largest region over the forecast period due to rising consumer awareness and growing consumption of healthy food ingredients.
Geltor, Perfect Day, The Every, Impossible Foods, Motif FoodWorks, Imagindairy, Shiru are the major suppliers in the precision fermentation ingredient 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 [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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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: [email protected]
Tel. +1-972-636-5056
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