Precision Fermentation Market

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), & Region - Global Forecast to 2030

Report Code: FB 8125 Jul, 2022, by marketsandmarkets.com

[254 Pages Report] According to MarketsandMarkets, the global precision fermentation market size 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. Increasing demand for protein worldwide, changing consumer tastes and preferences, and rising investments and innovations are some factors that deepen the focus on the protein industry. In recent years, substantial breakthroughs in the science of genetic engineering have enabled the cost-effective and sustainable reprogramming of microorganisms (synthetic biology) to create a wide range of specialized food protein constituents.

Precision Fermentation Market

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Market Dynamics

Drivers: Growing adoption of vegan as well as meat-free lifestyles

According to the Food Revolution Organization survey in 2018, 50% of respondents supported the slaughterhouse ban. Furthermore, respondents confessed that they are uncomfortable with the ways the animals are treated in the food industry; therefore, consumers are shifting toward animal-free products. To fulfill the requirements of vegan consumers, manufacturers introduce various plant-based products in the market, which incorporate animal-free ingredients from various sources such as plants and microbes, thereby boosting the precision fermentation market. In major countries like the US and UK, a substantial increase in the population adopting vegan and meat-free lifestyles has been seen. Also, in 2018, it has been observed that the number of vegans in the US increased by 600% in the last three years as per the Food Revolution Organization.

Restraints: Higher manufacturing costs associated with the production of ingredients utilizing precision fermentation

Precision fermentation for the production of animal-free proteins or fats has been gaining momentum in the last few years due to the increasing demand for animal-free products by the rising vegan population. In this approach, microorganisms like yeast or fungus are genetically engineered to produce the gene that is normally encoded by the animal DNA. These microorganisms are then used to develop a desirable product that mimics actual animal products' texture, taste, and nutritional profile. For instance, The Every Company manufactures animal-free egg white using genetically modified yeast cells. In addition, precision fermentation provides several benefits: it reduces land and water usage, greenhouse gas emissions, and health problems associated with animal-based products.

Opportunities: Development of novel protein production systems

Identifying novel techniques for generating protein through targeted R&D and infrastructure investments will remain critical in capturing value, optimizing resources, and developing precision fermentation competitive advantages. Many innovative protein production systems are being scaled up and commercialized to develop animal-free meat and microalgae and utilize new and uncommon feedstocks such as CO2. These novel production systems are expected to gain importance as traditional food systems.

Challenges: Commercialization and scaling up of production

Precision fermentation procedures are not new; however, cost-effective production at scale is a major obstacle. It is currently not commercially viable to create commodity components since the costs are too high compared to traditional meat. Precision fermentation is expected to be at least two to three times more expensive than conventional proteins. This could be one of the challenging factors for food manufacturers who want to increase their production using precision fermentation.

By application, the egg alternatives segment is projected to grow with the second-highest CAGR in the precision fermentation market during the forecast period.

The rising inclination toward vegan food has led manufacturers to introduce a variety of meat alternatives. However, producing an egg alternative is quite challenging. However, companies such as The Every Company managed to introduce an egg protein called ClearEgg via precision fermentation in collaboration with Pressed Juicery in November 2021. Increasing interest in plant-based diets, food allergies, food safety, nutrition, health benefits, and handling and storage are some of the major factors for which consumers are looking for egg alternatives.

By ingredient, the egg white segment accounts for around one-tenth of the global share.

The demand for plant-based substitutes for meat, egg and dairy products has increased significantly over the past few years across different food types and applications. This trend has been propelled by many reasons, including sustainability, allergenicity, and consumer shifts toward flexitarian diets. Shifting products from eggs to plant-based egg substitutes is motivated by different elements, including some more relevant factors to consumers and others of specific value to food producers.

By microbe, the algae segment constitutes around one-fourth of the global demand.

More than half a century has passed since the idea of eating algae was first proposed. However, t t has not gained much traction as an alternative protein source. Startups like Sophie’s BioNutrients and Noblegen and major corporations like Nestle and its Corbion alliance are competing to develop the next generation of microalgae-based ingredients.

Precision Fermentation Market by Region

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The North American market for precision fermentation is the largest due to the increasing awareness of healthy food ingredients and the trend of veganism and weight management among consumers. Proteins derived from precision fermentation are highly versatile and can be used in applications such as meat analogs, dairy alternatives, and meat extenders. According to research conducted by key players in the market and surveys, it has been observed that consumers demand meat alternatives to reduce their meat consumption. It has resulted in a decrease in the demand for meat. For instance, pea proteins are used by processed meat manufacturers as a replacement, thus making them more economical.

Key Market Players:

Key players in this market include Geltor (US), Perfect Day, Inc. (US), The Every Co. (US), Impossible Foods Inc. (US), Motif FoodWorks, INC. (US), Formo (Germany), Eden Brew (Australia), Mycorena (Sweden), Change Foods (US), and MycoTechnology (US).

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Scope of the Report

Report Metric

Details

Market size estimation

2019–2030

Base year considered

2021

Forecast period considered

2022–2030

Units considered

Value (USD) and Volume (Thousand Tons)

Segments covered

Application, Ingredient, Microbe, and region

Regions covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Companies studied

  • Perfect Day, Inc. (US)
  • Impossible Foods Inc. (US)
  • Geltor (US)
  • The Every Co. (US)
  • Motif FoodWorks, Inc. (US)
  • MycoTechnology (US)
  • Mycorena (Sweden)
  • Eden Brew (Australia)
  • Change Foods (US)
  • Formo (Germany)
  • Remilk Ltd. (Israel)
  • Triton Algae Innovations (US)
  • Melt&Marble (Sweden)
  • FUMI Ingredients
  • Fybraworks Foods (US)
  • Nourish Ingredients Pty Ltd. (Australia)
  • Imagindairy Ltd. (Israel)
  • Shiru, Inc. (US)
  • New Culture (US)
  • Helaina Inc (US)

Target Audience:

  • Processed food & beverage manufacturers
  • Government and research organizations
  • Precision fermentation ingredient distributors
  • Marketing directors
  • Key executives from various key companies and organizations in the precision fermentation market

Report Scope

This research report categorizes the precision fermentation market based on application, ingredient, microbe, and region.

By Application

  • Meat & seafood
  • Dairy alternatives
  • Egg alternatives
  • Others

By Ingredient

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

By Microbe

  • Yeast
  • Algae
  • Fungi
  • Bacteria

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Recent Developments

  • In May 2022, Impossible Foods introduced Impossible Chicken Nuggets and Impossible Sausage Patties that are crafted with animal-free ingredients. These new products are targeted at the UK market and are available in restaurants all over the UK. This launch is anticipated to support the company in expanding in the global precision fermentation market.
  • In May 2022, Melt&Marble launched an animal-free version of fat that has characteristics of beef. The company uses precision fermentation to develop this fat through yeast.
  • In March 2022, Betterland Foods unveiled a candy bar named WOO. The new chocolate bar contains Perfect Day’s precision fermented animal-free whey protein and organic chocolate, peanuts, caramel, and cow-free nougat.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 35)
    1.1 OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           FIGURE 1 PRECISION FERMENTATION MARKET SEGMENTATION
           1.3.1 GEOGRAPHIC SCOPE
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 UNIT CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2018–2021
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
           FIGURE 2 PRECISION FERMENTATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 3 KEY DATA FROM PRIMARY SOURCES
                    FIGURE 4 EXPERT INSIGHTS
                    2.1.2.1 Breakdown of primary interviews
                               FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 50)
    TABLE 2 PRECISION FERMENTATION MARKET SNAPSHOT, 2022 VS. 2030
    FIGURE 9 PRECISION FERMENTATION MARKET, BY APPLICATION, 2022 VS. 2030 (USD MILLION)
    FIGURE 10 PRECISION FERMENTATION MARKET, BY INGREDIENT, 2022 VS. 2030 (USD MILLION)
    FIGURE 11 PRECISION FERMENTATION MARKET, BY MICROBE, 2022 VS. 2030 (USD MILLION)
    FIGURE 12 ASIA PACIFIC PROJECTED TO BE THE FASTEST-GROWING MARKET

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 BRIEF OVERVIEW OF THE PRECISION FERMENTATION MARKET
           FIGURE 13 INCREASING DEMAND FOR SUSTAINABLE FOOD TO DRIVE THE MARKET FOR PRECISION FERMENTATION
    4.2 EUROPE: PRECISION FERMENTATION MARKET, BY INGREDIENT AND COUNTRY
           FIGURE 14 ENZYMES SEGMENT AND GERMANY TO ACCOUNT FOR THE LARGEST MARKET SHARES IN THE EUROPEAN MARKET IN 2021
    4.3 PRECISION FERMENTATION MARKET, BY INGREDIENT
           FIGURE 15 ENZYMES SEGMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
    4.4 PRECISION FERMENTATION MARKET, BY APPLICATION AND REGION
           FIGURE 16 DAIRY ALTERNATIVES SEGMENT AND NORTH AMERICA TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
    4.5 PRECISION FERMENTATION MARKET, BY MICROBE
           FIGURE 17 YEAST SEGMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
    4.6 PRECISION FERMENTATION MARKET, BY APPLICATION
           FIGURE 18 DAIRY ALTERNATIVES SEGMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MACROINDICATORS
           5.2.1 FERMENTATION TO DEVELOP A SUSTAINABLE FOOD SYSTEM
    5.3 MARKET DYNAMICS
           FIGURE 19 INCREASING DEMAND FOR ALTERNATIVE PROTEINS TO DRIVE THE GROWTH OF THE MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Heavy investments and funding in the precision fermentation space
                               FIGURE 20 INVESTMENTS, BY TYPE OF FERMENTATION, 2013–2021 (USD MILLION)
                               FIGURE 21 INVESTMENTS IN FERMENTATION, BY REGION, 2021 (USD MILLION)
                    5.3.1.2 Growing adoption of vegan and meat-free lifestyles
                               FIGURE 22 UK: VEGAN POPULATION, 2014-2018 (IN THOUSAND)
                    5.3.1.3 Production of precision-fermented ingredients to have a lower carbon footprint
                               FIGURE 23 GREENHOUSE GAS EMISSIONS FROM ANIMAL AGRICULTURE (MILLION METRIC TONS)
           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
                               FIGURE 24 PF COSTS: HISTORICAL AND FORECAST
           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 (Page No. - 68)
    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
                    FIGURE 25 VALUE CHAIN OF THE PRECISION FERMENTATION MARKET
    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
                    FIGURE 26 VALUE CHAIN OF ALTERNATIVE PROTEIN PRODUCTS
    6.4 SUPPLY CHAIN ANALYSIS OF ALTERNATIVE PROTEIN PRODUCTS
           FIGURE 27 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
           TABLE 3 GLOBAL PRECISION FERMENTATION AVERAGE SELLING PRICE, BY MICROBE, 2019-2021 (USD/KG)
           TABLE 4 GLOBAL PRECISION FERMENTATION AVERAGE SELLING PRICE, BY REGION, 2019-2021 (USD/KG)
    6.7 MARKET MAP AND ECOSYSTEM
           6.7.1 DEMAND-SIDE COMPANIES
           6.7.2 SUPPLY-SIDE COMPANIES
                    FIGURE 28 PRECISION FERMENTATION: MARKET MAP
                    TABLE 5 PRECISION FERMENTATION MARKET: SUPPLY CHAIN ECOSYSTEM
    6.8 TRENDS IMPACTING BUYERS IN THE PRECISION FERMENTATION MARKET
           FIGURE 29 PRECISION FERMENTATION MARKET: TRENDS IMPACTING BUYERS
    6.9 PATENT ANALYSIS
           FIGURE 30 PATENT ANALYSIS, 2011–2021
           TABLE 6 FEW PATENTS PERTAINING TO PRECISION FERMENTATION, 2011–2021
    6.10 KEY CONFERENCES & EVENTS IN 2022–2023
           TABLE 7 PRECISION FERMENTATION MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    6.11 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 8 PRECISION FERMENTATION MARKET: 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 (Page No. - 91)
    7.1 INTRODUCTION
           FIGURE 31 MEAT & SEAFOOD SEGMENT EXPECTED TO REGISTER THE FASTEST GROWTH IN THE PRECISION FERMENTATION MARKET BY 2030
           TABLE 9 PRECISION FERMENTATION MARKET, BY APPLICATION, 2019-2021 (USD MILLION)
           TABLE 10 PRECISION FERMENTATION MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
           TABLE 11 MARKET, BY APPLICATION, 2019-2021 (THOUSAND TONS)
           TABLE 12 PRECISION FERMENTATION MARKET, BY APPLICATION, 2022–2030 (THOUSAND TONS)
           TABLE 13 OPTIMISTIC SCENARIO: PRECISION FERMENTATION MARKET, BY APPLICATION, 2019-2021 (USD MILLION)
           TABLE 14 OPTIMISTIC SCENARIO: MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
           TABLE 15 OPTIMISTIC SCENARIO: MARKET, BY APPLICATION, 2019-2021 (THOUSAND TONS)
           TABLE 16 OPTIMISTIC SCENARIO: MARKET, BY APPLICATION, 2022–2030 (THOUSAND TONS)
    7.2 MEAT & SEAFOOD
           7.2.1 INCREASING VEGAN POPULATION TO DRIVE THE DEMAND FOR ANIMAL-FREE MEAT AND SEAFOOD
                    TABLE 17 MEAT & SEAFOOD: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 18 MEAT & SEAFOOD: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 19 MEAT & SEAFOOD: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 20 MEAT & SEAFOOD: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    7.3 DAIRY ALTERNATIVES
           7.3.1 SHIFT TOWARD DAIRY-FREE PRODUCTS TO FUEL THE GROWTH OF THE DAIRY ALTERNATIVES SEGMENT
                    TABLE 21 DAIRY ALTERNATIVES: MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 22 DAIRY ALTERNATIVES: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 23 DAIRY ALTERNATIVES: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 24 DAIRY ALTERNATIVES: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    7.4 EGG ALTERNATIVES
           7.4.1 ALLERGIC PROPERTIES OF EGG TO SHIFT CUSTOMERS TOWARD EGG ALTERNATIVES
                    TABLE 25 EGG ALTERNATIVES: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 26 EGG ALTERNATIVES: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 27 EGG ALTERNATIVES: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 28 EGG ALTERNATIVES: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    7.5 OTHER APPLICATIONS
           7.5.1 PRECISION-FERMENTED INGREDIENTS OFFER A WIDE ARRAY OF APPLICATIONS LEADING TO THE GROWTH OF THIS SEGMENT
                    TABLE 29 OTHER APPLICATIONS: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 30 OTHER APPLICATIONS: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 31 OTHER APPLICATIONS: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 32 OTHER APPLICATIONS: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)

8 PRECISION FERMENTATION MARKET, BY INGREDIENT (Page No. - 103)
    8.1 INTRODUCTION
           FIGURE 32 ENZYMES SEGMENT EXPECTED TO DOMINATE THE PRECISION FERMENTATION MARKET BY 2030
           TABLE 33 PRECISION FERMENTATION MARKET, BY INGREDIENT, 2019-2021 (USD MILLION)
           TABLE 34 MARKET, BY INGREDIENT, 2022–2030 (USD MILLION)
           TABLE 35 PRECISION FERMENTATION MARKET, BY INGREDIENT, 2019-2021 (THOUSAND TONS)
           TABLE 36 MARKET, BY INGREDIENT, 2022–2030 (THOUSAND TONS)
           TABLE 37 OPTIMISTIC SCENARIO: PRECISION FERMENTATION MARKET, BY INGREDIENT, 2019-2021 (USD MILLION)
           TABLE 38 OPTIMISTIC SCENARIO: MARKET, BY INGREDIENT, 2022–2030 (USD MILLION)
           TABLE 39 OPTIMISTIC SCENARIO: MARKET, BY INGREDIENT, 2019-2021 (THOUSAND TONS)
           TABLE 40 OPTIMISTIC SCENARIO: MARKET, BY INGREDIENT, 2022–2030 (THOUSAND TONS)
    8.2 WHEY & CASEIN PROTEIN
           8.2.1 INCREASING DEMAND FOR DAIRY ALTERNATIVES TO DRIVE THE DEMAND FOR WHEY & CASEIN PROTEIN
                    TABLE 41 WHEY & CASEIN PROTEIN: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 42 WHEY & CASEIN PROTEIN: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 43 WHEY & CASEIN PROTEIN: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 44 WHEY & CASEIN PROTEIN: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    8.3 EGG WHITE
           8.3.1 GROWING ADOPTION OF FLEXITARIAN DIETS TO BOOST THE ANIMAL-FREE EGG WHITE MARKET
                    TABLE 45 EGG WHITE: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 46 EGG WHITE: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 47 EGG WHITE: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 48 EGG WHITE: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    8.4 COLLAGEN PROTEIN
           8.4.1 GLOBAL PLANT-BASED MOVEMENT SUPPORTS THE GROWTH OF COLLAGEN PROTEIN DEVELOPED VIA PRECISION FERMENTATION
                    TABLE 49 COLLAGEN PROTEIN: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 50 COLLAGEN PROTEIN: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 51 COLLAGEN PROTEIN: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 52 COLLAGEN PROTEIN: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    8.5 HEME PROTEIN
           8.5.1 USE OF HEME PROTEIN TO REPLICATE THE MEATY TASTE IN MEAT ALTERNATIVES
                    TABLE 53 HEME PROTEIN: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 54 HEME PROTEIN: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 55 HEME PROTEIN: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 56 HEME PROTEIN: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    8.6 ENZYMES
           8.6.1 GROWTH IN THE ANIMAL-FREE PROTEIN SECTOR TO DRIVE THE DEMAND FOR ENZYMES
                    TABLE 57 ENZYMES: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 58 ENZYMES: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 59 ENZYMES: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 60 ENZYMES: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    8.7 OTHER INGREDIENTS
           8.7.1 GROWTH IN THE ANIMAL-FREE PROTEIN SECTOR TO DRIVE THE DEMAND FOR FATS AND OILS
                    TABLE 61 OTHER INGREDIENTS: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 62 OTHER INGREDIENTS: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 63 OTHER INGREDIENTS: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 64 OTHER INGREDIENTS: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)

9 PRECISION FERMENTATION MARKET, BY MICROBE (Page No. - 120)
    9.1 INTRODUCTION
           FIGURE 33 YEAST EXPECTED TO DOMINATE THE PRECISION FERMENTATION MARKET BY 2030
           TABLE 65 PRECISION FERMENTATION MARKET, BY MICROBE, 2019-2021 (USD MILLION)
           TABLE 66 MARKET, BY MICROBE, 2022–2030 (USD MILLION)
           TABLE 67 PRECISION FERMENTATION MARKET, BY MICROBE, 2019-2021 (THOUSAND TONS)
           TABLE 68 MARKET, BY MICROBE, 2022–2030 (THOUSAND TONS)
           TABLE 69 OPTIMISTIC SCENARIO: PRECISION FERMENTATION MARKET, BY MICROBE, 2019-2021 (USD MILLION)
           TABLE 70 OPTIMISTIC SCENARIO: MARKET, BY MICROBE, 2022–2030 (USD MILLION)
           TABLE 71 OPTIMISTIC SCENARIO: MARKET, BY MICROBE, 2019-2021 (THOUSAND TONS)
           TABLE 72 OPTIMISTIC SCENARIO: MARKET, BY MICROBE, 2022–2030 (THOUSAND TONS)
    9.2 YEAST
           9.2.1 WIDE APPLICATIONS OF PRECISION-FERMENTED YEAST TO DRIVE THE GROWTH OF THE SEGMENT
                    TABLE 73 YEAST: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 74 YEAST: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 75 YEAST: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 76 YEAST: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    9.3 ALGAE
           9.3.1 FUNCTIONAL BENEFITS OF ALGAE TO CREATE OPPORTUNITIES IN THE PRECISION FERMENTATION MARKET
                    TABLE 77 ALGAE: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 78 ALGAE: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 79 ALGAE: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 80 ALGAE: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    9.4 FUNGI
           9.4.1 ANIMAL-FREE ALTERNATIVES ARE PAVING THE WAY FOR FUNGI-BASED PROTEINS
                    TABLE 81 FUNGI: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 82 FUNGI: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 83 FUNGI: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 84 FUNGI: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
    9.5 BACTERIA
           9.5.1 PRECISION FERMENTATION USING BACTERIA TO PRODUCE SUSTAINABLE FOOD PRODUCTS
           9.5.2 ARCHAEA BACTERIA
                    TABLE 85 BACTERIA: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                    TABLE 86 BACTERIA: MARKET, BY REGION, 2022–2030 (USD MILLION)
                    TABLE 87 BACTERIA: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                    TABLE 88 BACTERIA: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)

10 PRECISION FERMENTATION MARKET, BY REGION (Page No. - 132)
     10.1 INTRODUCTION
               FIGURE 34 CHINA IS EXPECTED TO REGISTER THE HIGHEST CAGR IN THE PRECISION FERMENTATION MARKET
               TABLE 89 PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
               TABLE 90 PRECISION FERMENTATION MARKET, BY REGION, 2022–2030 (USD MILLION)
               TABLE 91 PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
               TABLE 92 PRECISION FERMENTATION MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
               TABLE 93 OPTIMISTIC SCENARIO: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
               TABLE 94 OPTIMISTIC SCENARIO: MARKET, BY REGION, 2022–2030 (USD MILLION)
               TABLE 95 OPTIMISTIC SCENARIO: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
               TABLE 96 OPTIMISTIC SCENARIO: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
     10.2 NORTH AMERICA
               FIGURE 35 NORTH AMERICA: PRECISION FERMENTATION MARKET SNAPSHOT
               TABLE 97 NORTH AMERICA: MARKET, BY COUNTRY, 2019-2021 (USD MILLION)
               TABLE 98 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
               TABLE 99 NORTH AMERICA: MARKET, BY COUNTRY, 2019-2021 (THOUSAND TONS)
               TABLE 100 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2030 (THOUSAND TONS)
               TABLE 101 NORTH AMERICA: MARKET, BY INGREDIENT, 2019-2021 (USD MILLION)
               TABLE 102 NORTH AMERICA: MARKET, BY INGREDIENT, 2022–2030 (USD MILLION)
               TABLE 103 NORTH AMERICA: MARKET, BY INGREDIENT, 2019-2021 (THOUSAND TONS)
               TABLE 104 NORTH AMERICA: MARKET, BY INGREDIENT, 2022–2030 (THOUSAND TONS)
               TABLE 105 NORTH AMERICA: MARKET, BY MICROBE, 2019-2021 (USD MILLION)
               TABLE 106 NORTH AMERICA: MARKET, BY MICROBE, 2022–2030 (USD MILLION)
               TABLE 107 NORTH AMERICA: MARKET, BY MICROBE, 2019-2021 (THOUSAND TONS)
               TABLE 108 NORTH AMERICA: MARKET, BY MICROBE, 2022–2030 (THOUSAND TONS)
               TABLE 109 NORTH AMERICA: MARKET, BY APPLICATION, 2019-2021 (USD MILLION)
               TABLE 110 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
               TABLE 111 NORTH AMERICA: MARKET, BY APPLICATION, 2019-2021 (THOUSAND TONS)
               TABLE 112 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2030 (THOUSAND TONS)
             10.2.1 US
                       10.2.1.1 Presence of key players in the US to fuel the precision fermentation market growth
             10.2.2 CANADA
                       10.2.2.1 Shift toward lower-cost and nutrition-rich plant-based dairy alternatives will drive the Canadian market
             10.2.3 MEXICO
                       10.2.3.1 Demand for animal-free alternatives drives the Mexican precision fermentation market
     10.3 EUROPE
               TABLE 113 EUROPE: PRECISION FERMENTATION MARKET, BY COUNTRY, 2019-2021 (USD MILLION)
               TABLE 114 EUROPE: MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
               TABLE 115 EUROPE: MARKET, BY COUNTRY, 2019-2021 (THOUSAND TONS)
               TABLE 116 EUROPE: MARKET, BY COUNTRY, 2022–2030 (THOUSAND TONS)
               TABLE 117 EUROPE: MARKET, BY INGREDIENT, 2019-2021 (USD MILLION)
               TABLE 118 EUROPE: MARKET, BY INGREDIENT, 2022–2030 (USD MILLION)
               TABLE 119 EUROPE: MARKET, BY INGREDIENT, 2019-2021 (THOUSAND TONS)
               TABLE 120 EUROPE: MARKET, BY INGREDIENT, 2022–2030 (THOUSAND TONS)
               TABLE 121 EUROPE: MARKET, BY MICROBE, 2019-2021 (USD MILLION)
               TABLE 122 EUROPE: MARKET, BY MICROBE, 2022–2030 (USD MILLION)
               TABLE 123 EUROPE: MARKET, BY MICROBE, 2019-2021 (THOUSAND TONS)
               TABLE 124 EUROPE: MARKET, BY MICROBE, 2022–2030 (THOUSAND TONS)
               TABLE 125 EUROPE: MARKET, BY APPLICATION, 2019-2021 (USD MILLION)
               TABLE 126 EUROPE: MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
               TABLE 127 EUROPE: MARKET, BY APPLICATION, 2019-2021 (THOUSAND TONS)
               TABLE 128 EUROPE: MARKET, BY APPLICATION, 2022–2030 (THOUSAND TONS)
             10.3.1 GERMANY
                       10.3.1.1 Rising health awareness coupled with growth in the vegetarian and vegan population to drive the market growth in Germany
             10.3.2 FRANCE
                       10.3.2.1 There is a growing demand for animal-free ingredients from the cosmetics industry
             10.3.3 UK
                       10.3.3.1 Growing demand for dairy alternatives to drive the UK precision fermentation market
             10.3.4 ITALY
                       10.3.4.1 Large-scale consumption of cheese to drive the country’s precision fermentation market
             10.3.5 SPAIN
                       10.3.5.1 Launch of animal-free ingredients by startups to drive the Spanish market
             10.3.6 REST OF EUROPE
                       10.3.6.1 Strategic initiatives taken by companies to boost the precision fermentation market
     10.4 ASIA PACIFIC
               FIGURE 36 ASIA PACIFIC: PRECISION FERMENTATION MARKET SNAPSHOT
               TABLE 129 ASIA PACIFIC: PRECISION FERMENTATION MARKET, BY COUNTRY, 2019-2021 (USD MILLION)
               TABLE 130 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
               TABLE 131 ASIA PACIFIC: MARKET, BY COUNTRY, 2019-2021 (THOUSAND TONS)
               TABLE 132 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2030 (THOUSAND TONS)
               TABLE 133 ASIA PACIFIC: MARKET, BY INGREDIENT, 2019-2021 (USD MILLION)
               TABLE 134 ASIA PACIFIC: MARKET, BY INGREDIENT, 2022–2030 (USD MILLION)
               TABLE 135 ASIA PACIFIC: MARKET, BY INGREDIENT, 2019-2021 (THOUSAND TONS)
               TABLE 136 ASIA PACIFIC: MARKET, BY INGREDIENT, 2022–2030 (THOUSAND TONS)
               TABLE 137 ASIA PACIFIC: MARKET, BY MICROBE, 2019-2021 (USD MILLION)
               TABLE 138 ASIA PACIFIC: MARKET, BY MICROBE, 2022–2030 (USD MILLION)
               TABLE 139 ASIA PACIFIC: MARKET, BY MICROBE, 2019-2021 (THOUSAND TONS)
               TABLE 140 ASIA PACIFIC: MARKET, BY MICROBE, 2022–2030 (THOUSAND TONS)
               TABLE 141 ASIA PACIFIC: MARKET, BY APPLICATION, 2019-2021 (USD MILLION)
               TABLE 142 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
               TABLE 143 ASIA PACIFIC: MARKET, BY APPLICATION, 2019-2021 (THOUSAND TONS)
               TABLE 144 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2030 (THOUSAND TONS)
             10.4.1 CHINA
                       10.4.1.1 Limited number of meat alternatives to create opportunities in the Chinese precision fermentation market
             10.4.2 JAPAN
                       10.4.2.1 Aging population increasingly opting for plant-based, animal-free food options
             10.4.3 INDIA
                       10.4.3.1 Rising demand for dairy-free substitutes
             10.4.4 AUSTRALIA & NEW ZEALAND
                       10.4.4.1 R&D activities to develop animal-free dairy in Australia anticipated to drive the precision fermentation market
             10.4.5 SINGAPORE
                       10.4.5.1 Growing requirement for microbial-based alternative proteins
             10.4.6 REST OF ASIA PACIFIC
                       10.4.6.1 Rising health concerns to shift consumers toward animal-free alternatives
     10.5 SOUTH AMERICA
               TABLE 145 SOUTH AMERICA: PRECISION FERMENTATION MARKET, BY COUNTRY, 2019-2021 (USD MILLION)
               TABLE 146 SOUTH AMERICA: MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
               TABLE 147 SOUTH AMERICA: MARKET, BY COUNTRY, 2019-2021 (THOUSAND TONS)
               TABLE 148 SOUTH AMERICA: MARKET, BY COUNTRY, 2022–2030 (THOUSAND TONS)
               TABLE 149 SOUTH AMERICA: MARKET, BY INGREDIENT, 2019-2021 (USD MILLION)
               TABLE 150 SOUTH AMERICA: MARKET, BY INGREDIENT, 2022–2030 (USD MILLION)
               TABLE 151 SOUTH AMERICA: MARKET, BY INGREDIENT, 2019-2021 (THOUSAND TONS)
               TABLE 152 SOUTH AMERICA: MARKET, BY INGREDIENT, 2022–2030 (THOUSAND TONS)
               TABLE 153 SOUTH AMERICA: MARKET, BY MICROBE, 2019-2021 (USD MILLION)
               TABLE 154 SOUTH AMERICA: MARKET, BY MICROBE, 2022–2030 (USD MILLION)
               TABLE 155 SOUTH AMERICA: MARKET, BY MICROBE, 2019-2021 (THOUSAND TONS)
               TABLE 156 SOUTH AMERICA: MARKET, BY MICROBE, 2022–2030 (THOUSAND TONS)
               TABLE 157 SOUTH AMERICA: MARKET, BY APPLICATION, 2019-2021 (USD MILLION)
               TABLE 158 SOUTH AMERICA: MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
               TABLE 159 SOUTH AMERICA: MARKET, BY APPLICATION, 2019-2021 (THOUSAND TONS)
               TABLE 160 SOUTH AMERICA: MARKET, BY APPLICATION, 2022–2030 (THOUSAND TONS)
             10.5.1 ARGENTINA
                       10.5.1.1 Increasing demand for clean-label food
             10.5.2 BRAZIL
                       10.5.2.1 Rising adoption of bio-based products
             10.5.3 REST OF SOUTH AMERICA
                       10.5.3.1 Increase in health awareness to contribute to the growth of this market
             10.5.4 MIDDLE EAST & AFRICA
                       TABLE 161 MIDDLE EAST & AFRICA: PRECISION FERMENTATION MARKET, BY REGION, 2019-2021 (USD MILLION)
                       TABLE 162 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2022–2030 (USD MILLION)
                       TABLE 163 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2019-2021 (THOUSAND TONS)
                       TABLE 164 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2022–2030 (THOUSAND TONS)
                       TABLE 165 MIDDLE EAST: MARKET, BY COUNTRY, 2019-2021 (USD MILLION)
                       TABLE 166 MIDDLE EAST: MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
                       TABLE 167 MIDDLE EAST: MARKET, BY COUNTRY, 2019-2021 (THOUSAND TONS)
                       TABLE 168 MIDDLE EAST: MARKET, BY COUNTRY, 2022–2030 (THOUSAND TONS)
                       TABLE 169 MIDDLE EAST & AFRICA: MARKET, BY INGREDIENT, 2019-2021 (USD MILLION)
                       TABLE 170 MIDDLE EAST & AFRICA: MARKET, BY INGREDIENT, 2022–2030 (USD MILLION)
                       TABLE 171 MIDDLE EAST & AFRICA: MARKET, BY INGREDIENT, 2019-2021 (THOUSAND TONS)
                       TABLE 172 MIDDLE EAST & AFRICA: MARKET, BY INGREDIENT, 2022–2030 (THOUSAND TONS)
                       TABLE 173 MIDDLE EAST & AFRICA: MARKET, BY MICROBE, 2019-2021 (USD MILLION)
                       TABLE 174 MIDDLE EAST & AFRICA: MARKET, BY MICROBE, 2022–2030 (USD MILLION)
                       TABLE 175 MIDDLE EAST & AFRICA: MARKET, BY MICROBE, 2019-2021 (THOUSAND TONS)
                       TABLE 176 MIDDLE EAST & AFRICA: MARKET, BY MICROBE, 2022–2030 (THOUSAND TONS)
                       TABLE 177 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2019-2021 (USD MILLION)
                       TABLE 178 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                       TABLE 179 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2019-2021 (THOUSAND TONS)
                       TABLE 180 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2022–2030 (THOUSAND TONS)
             10.5.5 ISRAEL
                       10.5.5.1 Presence of key players in the country to contribute to the precision fermentation market expansion
             10.5.6 UAE
                       10.5.6.1 Growing acceptance of vegan food
             10.5.7 AFRICA
                       10.5.7.1 Heavy investment to promote precision fermentation in the African market

11 COMPETITIVE LANDSCAPE (Page No. - 179)
     11.1 OVERVIEW
     11.2 MARKET RANKING ANALYSIS, 2021
               TABLE 181 PRECISION FERMENTATION MARKET: DEGREE OF COMPETITION
     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
                       FIGURE 37 PRECISION FERMENTATION MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)
     11.5 PRODUCT FOOTPRINT
               TABLE 182 COMPANY FOOTPRINT, BY INGREDIENT
               TABLE 183 COMPANY FOOTPRINT, BY APPLICATION
               TABLE 184 COMPANY FOOTPRINT, BY REGION
               TABLE 185 OVERALL FOOTPRINT OF COMPANIES
     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
                       TABLE 186 PRECISION FERMENTATION: DETAILED LIST OF OTHER PLAYERS
                       FIGURE 38 PRECISION FERMENTATION MARKET: COMPANY EVALUATION QUADRANT, 2021 (OTHER PLAYERS)
     11.7 COMPETITIVE SCENARIO
             11.7.1 NEW PRODUCT LAUNCHES
                       TABLE 187 NEW PRODUCT LAUNCHES, 2019–2022
             11.7.2 EXPANSIONS
                       TABLE 188 EXPANSIONS, 2021–2022
             11.7.3 ACQUISITIONS
                       TABLE 189 MERGERS & ACQUISITIONS, 2022
             11.7.4 PARTNERSHIPS AND JOINT VENTURES
                       TABLE 190 PARTNERSHIPS AND JOINT VENTURES, 2019–2022
             11.7.5 INVESTMENTS
                       TABLE 191 INVESTMENTS, 2017–2022

12 COMPANY PROFILES (Page No. - 196)
(Business overview, Products offered, Recent Developments, MNM view)*
     12.1 KEY PLAYERS
             12.1.1 GELTOR
                       TABLE 192 GELTOR: BUSINESS OVERVIEW
                       TABLE 193 GELTOR: FUNDING OVERVIEW
                       TABLE 194 GELTOR: PRODUCTS OFFERED
             12.1.2 PERFECT DAY, INC.
                       TABLE 195 PERFECT DAY, INC.: BUSINESS OVERVIEW
                       TABLE 196 PERFECT DAY, INC.: FUNDING OVERVIEW
                       TABLE 197 PERFECT DAY, INC.: PRODUCTS OFFERED
             12.1.3 THE EVERY CO.
                       TABLE 198 THE EVERY CO.: BUSINESS OVERVIEW
                       TABLE 199 THE EVERY CO.: FUNDING OVERVIEW
                       TABLE 200 THE EVERY CO.: PRODUCTS OFFERED
             12.1.4 IMPOSSIBLE FOODS INC.
                       TABLE 201 IMPOSSIBLE FOODS INC.: BUSINESS OVERVIEW
                       TABLE 202 IMPOSSIBLE FOODS INC.: FUNDING OVERVIEW
                       TABLE 203 IMPOSSIBLE FOODS INC.: PRODUCTS OFFERED
             12.1.5 MOTIF FOODWORKS, INC.
                       TABLE 204 MOTIF FOODWORKS, INC.: BUSINESS OVERVIEW
                       TABLE 205 MOTIF FOODWORKS, INC.: FUNDING OVERVIEW
                       TABLE 206 MOTIF FOODWORKS, INC.: PRODUCTS OFFERED
             12.1.6 IMAGINDAIRY LTD.
                       TABLE 207 IMAGINDAIRY LTD.: BUSINESS OVERVIEW
                       TABLE 208 IMAGINDAIRY LTD.: FUNDING OVERVIEW
                       TABLE 209 IMAGINDAIRY LTD: PRODUCTS OFFERED
             12.1.7 SHIRU, INC.
                       TABLE 210 SHIRU, INC.: BUSINESS OVERVIEW
                       TABLE 211 SHIRU, INC.: FUNDING OVERVIEW
                       TABLE 212 SHIRU, INC: PRODUCTS OFFERED
             12.1.8 FORMO
                       TABLE 213 FORMO: BUSINESS OVERVIEW
                       TABLE 214 FORMO: FUNDING OVERVIEW
                       TABLE 215 FORMO: PRODUCTS OFFERED
             12.1.9 EDEN BREW
                       TABLE 216 EDEN BREW: BUSINESS OVERVIEW
                       TABLE 217 EDEN BREW: FUNDING OVERVIEW
                       TABLE 218 EDEN BREW: PRODUCTS OFFERED
             12.1.10 CHANGE FOODS
                       TABLE 219 CHANGE FOODS: BUSINESS OVERVIEW
                       TABLE 220 CHANGE FOODS: FUNDING OVERVIEW
                       TABLE 221 CHANGE FOODS: PRODUCTS OFFERED
             12.1.11 NEW CULTURE
                       TABLE 222 NEW CULTURE: BUSINESS OVERVIEW
                       TABLE 223 NEW CULTURE: FUNDING OVERVIEW
                       TABLE 224 NEW CULTURE: PRODUCTS OFFERED
             12.1.12 HELAINA INC.
                       TABLE 225 HELAINA INC.: BUSINESS OVERVIEW
                       TABLE 226 HELAINA INC: FUNDING OVERVIEW
                       TABLE 227 HELAINA INC.: PRODUCTS OFFERED
             12.1.13 MYCORENA
                       TABLE 228 MYCORENA: BUSINESS OVERVIEW
                       TABLE 229 MYCORENA: FUNDING OVERVIEW
                       TABLE 230 MYCORENA: PRODUCTS OFFERED
             12.1.14 MYCOTECHNOLOGY, INC
                       TABLE 231 MYCOTECHNOLOGY, INC: BUSINESS OVERVIEW
                       TABLE 232 MYCOTECHNOLOGY, INC: FUNDING OVERVIEW
                       TABLE 233 MYCOTECHNOLOGY, INC: PRODUCTS OFFERED
             12.1.15 FYBRAWORKS FOODS
                       TABLE 234 FYBRAWORKS FOODS: BUSINESS OVERVIEW
                       TABLE 235 FYBRAWORKS FOODS: FUNDING OVERVIEW
                       TABLE 236 FYBRAWORKS FOODS: PRODUCTS OFFERED
             12.1.16 REMILK LTD.
                       TABLE 237 REMILK LTD.: BUSINESS OVERVIEW
                       TABLE 238 REMILK LTD.: FUNDING OVERVIEW
                       TABLE 239 REMILK LTD.: PRODUCTS OFFERED
             12.1.17 TRITON ALGAE INNOVATIONS
                       TABLE 240 TRITON ALGAE INNOVATIONS: BUSINESS OVERVIEW
                       TABLE 241 TRITON ALGAE INNOVATIONS: FUNDING OVERVIEW
                       TABLE 242 TRITON ALGAE INNOVATIONS: PRODUCTS OFFERED
             12.1.18 MELT&MARBLE
                       TABLE 243 MELT&MARBLE: BUSINESS OVERVIEW
                       TABLE 244 MELT&MARBLE: FUNDING OVERVIEW
                       TABLE 245 MELT&MARBLE: PRODUCTS OFFERED
             12.1.19 FUMI INGREDIENTS
                       TABLE 246 FUMI INGREDIENTS: BUSINESS OVERVIEW
                       TABLE 247 FUMI INGREDIENTS: FUNDING OVERVIEW
                       TABLE 248 FUMI INGREDIENTS: PRODUCTS OFFERED
             12.1.20 NOURISH INGREDIENTS PTY LTD.
                       TABLE 249 NOURISH INGREDIENTS PTY LTD: BUSINESS OVERVIEW
                       TABLE 250 NOURISH INGREDIENTS PTY LTD: FUNDING OVERVIEW
                       TABLE 251 NOURISH INGREDIENTS PTY LTD.: PRODUCTS OFFERED

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 ADJACENT & RELATED MARKETS (Page No. - 242)
     13.1 INTRODUCTION
     13.2 DAIRY ALTERNATIVES MARKET
             13.2.1 MARKET DEFINITION
             13.2.2 MARKET OVERVIEW
                       FIGURE 39 DAIRY ALTERNATIVES MARKET, BY SOURCE, 2022 VS. 2027 (USD MILLION)
                       TABLE 252 DAIRY ALTERNATIVES MARKET, BY SOURCE, 2022–2027 (USD MILLION)
     13.3 CULTURED MEAT MARKET
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
                       FIGURE 40 CULTURED MEAT MARKET SIZE IN THE OPTIMISTIC SCENARIO, BY SOURCE, 2025 VS. 2032 (USD MILLION)
                       TABLE 253 CULTURED MEAT MARKET SIZE IN THE OPTIMISTIC SCENARIO, BY SOURCE, 2021–2032 (USD MILLION)
     13.4 MEAT SUBSTITUTES MARKET
             13.4.1 MARKET DEFINITION
             13.4.2 MARKET OVERVIEW
                       FIGURE 41 MEAT SUBSTITUTES MARKET, BY PRODUCT, 2021 VS. 2027 (USD MILLION)
                       TABLE 254 MEAT SUBSTITUTES MARKET, BY PRODUCT, 2021–2027 (USD MILLION)

14 APPENDIX (Page No. - 247)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating precision fermentation market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. The top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The market comprises several stakeholders in the supply chain, including food & beverage manufacturers, growers and suppliers, importers and exporters, and intermediary suppliers such as traders and distributors of precision fermentation products. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the supply side include precision fermentation manufacturers, exporters, and importers. The primary sources from the demand-side include retailers, wholesalers, health food stores, and other distribution partners.

Given below is the breakdown of the primary respondents.

Precision Fermentation Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the total size of the precision fermentation market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players were identified through extensive primary and secondary research.
  • The value chain and market size of the precision fermentation market, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares split and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.

Data Triangulation

After arriving at the overall market size from the estimation process described above, the total market was split into several segments. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—the top-down approach, the bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points matches, the data is assumed to be correct.

Report Objectives

  • To describe and forecast the precision fermentation market in terms of application, ingredient, microbe, and region
  • To describe and forecast the precision fermentation market, in terms of value, by region–North America, Europe, Asia Pacific, South America, and Middle East & Africa—along with their respective countries
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the precision fermentation market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the precision fermentation market
  • To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders
  • To analyze strategic approaches, such as expansions & investments, product launches & approvals, mergers & acquisitions, and agreements in the precision fermentation market

Available Customizations:

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of the Asia Pacific precision fermentation market by key country

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Precision Fermentation Market Size,  Share & Growth Report
Report Code
FB 8125
Published ON
Jul, 2022
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