precision fermentation market size was valued at $1.3 billion in 2021, and is estimated to reach $34.9 billion by 2031, growing at a CAGR of 40.5% from 2022 to 2031.

Leaders:

The key players profiled in the precision fermentation market analysis report include geltor inc., Imagindairy Ltd, Change Foods, Eden Brew, Impossible Foods Inc, Motif Foodworks, Inc, Nourish Ingredients, Shiru Inc, FUMI Ingredients, and Perfect Day Inc.

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Precision fermentation is a method of producing insulin and vitamins, enzymes, milk proteins including casein, whey, and other functional components. Precision fermentation refers to the method of using microbes as cell factories to produce useful substances. The rising use of meat or animal-derived dietary products is generating environmental concerns. The production of animal-derived food items produces a large amount of greenhouse gases such as carbon dioxide and methane, which further result in degrading air quality.

Precision fermentation also helps with the planet's most significant issues such as land conversion, environmental degradation, and climate change. In addition, one of the factors influencing the precision fermentation market opportunities is rising investments in the market by the major players. Precision fermentation technology is being used by numerous companies since it creates a wide range of complex organic compounds without using any animals. Additionally, rising investment and funding in the precision fermentation process and technologies, the growing prevalence of cultured meat amongst consumers, the rising interest of consumers in consuming a plant-based diet, the increase in the instances of food allergies, rising demand for nutrition, and unparalleled food safety are some of the major factors driving the growth of the global precision fermentation market.

Key Findings of the Study

Based on application, the dairy sub-segment emerged as the global leader in 2021 and the meat sub-segment is anticipated to be the fastest growing during the forecast period
Based on microbe, the algae sub-segment emerged as the global leader in 2021 and the bacteria sub-segment is predicted to show the fastest growth in the upcoming years
Based on ingredient, the egg white sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing during the forecast period
Based on end user, the food and beverage sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing during the forecast period
Based on region, the North America market registered the highest market share in 2021 and Asia-Pacific is anticipated to show the fastest growth during the forecast period