PUBLISHER: Roots Analysis | PRODUCT CODE: 1752104
PUBLISHER: Roots Analysis | PRODUCT CODE: 1752104
As per Roots Analysis, the global precision fermentation market size is estimated to grow from USD 4.94 billion in the current year to USD 267.64 billion by 2035, at a CAGR of 43.75% during the forecast period, till 2035.
The opportunity for precision fermentation market has been distributed across the following segments:
Type of Microbe
Type of Ingredient
Type of Fermentation
Type of Application
Type of End User
Geographical Regions
Precision fermentation refers to a technique that utilizes microbial hosts like yeast or bacteria to create specific ingredients or final products such as fats, proteins, and enzymes. This age-old method has been employed to produce alcoholic beverages and improve the nutritional quality and bioavailability of various foods, ranging from yogurt to tempeh. In recent decades, the increasing demand for protein, particularly plant-based protein, has amplified opportunities for growth in the precision fermentation market. The precision fermentation sector is currently undergoing a significant transformation, as this technique is recognized as one of the most efficient ways to generate high-quality, sustainable, and animal-free ingredients for a variety of food, pharmaceutical, and cosmetic applications.
Moreover, the rising trend toward sustainable food production and greater awareness of the advantages of plant-based alternative proteins and nutritious foods has led to a surge in market demand. In response, industry stakeholders are using advanced technologies similar to synthetic biology and genetic engineering to satisfy the growing need for sustainable alternative protein products. As a result, the precision fermentation market is anticipated to grow significantly during the forecast period.
Based on type of microbe, the global precision fermentation market is segmented into algae, bacteria, fungi, and yeast. According to our estimates, currently, yeast segment captures the majority share of the market. This can be attributed to its adaptability and effectiveness in generating a diverse array of proteins, including whey and casein protein, egg protein, and others, which increases demand across multiple sectors, from food and beverages to pharmaceuticals.
However, fungi segment is anticipated to grow at a relatively higher CAGR during the forecast period, driven by rising demand from the pharmaceutical sector, where fungal microorganisms are crucial for producing bioactive compounds, including antibiotics and agents that lower cholesterol.
Based on type of ingredient, the precision fermentation market is segmented into collagen protein, egg white, enzymes, heme protein, whey & casein protein, and others. According to our estimates, currently, whey & casein protein segment capture the majority of the market. This can be attributed to the fact that these proteins are frequently utilized in creating dairy substitutes such as milk, cheese, and yogurt without the use of animals. Consequently, the increasing awareness surrounding vegan and animal-free food production is expected to boost market growth. However, egg white proteins segment is anticipated to grow at a relatively higher CAGR during the forecast period.
Based on type of fermentation, the precision fermentation market is segmented into biomass fermentation, precision fermentation, and traditional fermentation. According to our estimates, currently, precision fermentation segment captures the majority share of the market. This can be attributed to the growing emphasis on high-value ingredients such as proteins, enzymes, and specific compounds aimed at particular consumer groups. However, traditional fermentation segment is anticipated to grow at a relatively higher CAGR during the forecast period.
Based on type of application, the precision fermentation market is segmented into dairy alternatives, egg alternatives, meat & seafood, and others. According to our estimates, currently, egg alternatives segment captures the majority share of the market. This can be attributed to the strong demand for egg alternatives in baking, cooking, and food formulation. However, dairy alternative segment is anticipated to grow at a relatively higher CAGR during the forecast period, driven by the increasing adoption of precision fermentation to produce dairy proteins like casein and whey without relying on cows.
Based on type of end user, the precision fermentation market is segmented into cosmetics, food & beverages, pharmaceuticals, and others. According to our estimates, currently, food & beverage industry captures the majority share of the market. This can be attributed to the rising demand for plant-based foods and proteins worldwide. However, the pharmaceutical sector is anticipated to grow at a relatively higher CAGR during the forecast period.
Based on geographical regions, the precision fermentation market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market, due to elevated consumer awareness regarding healthy food ingredients and a growing trend toward veganism among people in the area. However, the market in Europe is anticipated to grow at a relatively higher CAGR during the forecast period, owing to an increased emphasis on environmental issues and sustainable farming practices.
The report on the precision fermentation market features insights on various sections, including: