Lucintel Forecasts the Global Precision Fermentation Ingredient Market to Reach $31.2 billion by 2030
Lucintel Forecasts the Global Precision Fermentation Ingredient Market to Reach $31.2 billion by 2030
Blog Article
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.
Download sample by clicking on precision fermentation ingredient market
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 helpdesk@lucintel.com To get access of more than
1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
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: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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