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Precision Fermentation Ingredients Market - Trends, Growth, and Forecast Analysi

The global precision fermentation ingredients market is estimated to be valued at USD 2.8 billion in 2023 and is projected to reach USD 36.3 billion by 2030, recording a CAGR of 44.0% by value. Changing consumer preferences towards veganism, increasing protein consumption, and rising investments in innovations are the major factors for market growth.

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Precision Fermentation Ingredients Market - Trends, Growth, and Forecast Analysi

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  1. PrecisionFermentationIngredientsMarketIndustryAnalysis,Trends,LeadingPlayers,andRecentDavelopmentsPrecisionFermentationIngredientsMarketIndustryAnalysis,Trends,LeadingPlayers,andRecentDavelopments Theglobalprecision fermentation ingredients marketsizeisestimatedtobevaluedatUSD2.8billionin2023andisprojectedtoreachUSD36.3billionby2030,recordingaCAGRof44.0%byvalue.Changingconsumerpreferencestowardsveganism,increasingproteinconsumption,andrisinginvestmentsininnovationsarethemajorfactorsformarketgrowth.Substantialbreakthroughsinthegeneticengineeringspacehaveenabledthecost-effectiveandsustainablereprogrammingofmicroorganisms(syntheticbiology)throughprecisionfermentationtocreateawiderangeofspecializedfoodproteinconstituents. PrecisionFermentationIngredientsMarket Opportunities:Lowerproductionandsupplychaincost Precision fermentationisexpectedtobecomealow-costtechnologygeneratinghugeopportunitiesinthealternativeproteinspace.Theindustrywillreachcostparitywithmostanimal-derivedproteinmoleculesby2023-25.By2030,thecostofprecisionfermentation-basedproteinisexpectedtobelesserthanthatofanimal-basedcounterparts.Modernfooddevelopedthroughthismethodwillalsopavewayforanewfoodproductionsystem-movingfromfarmstofermentationtanks.Thissustainableproductionmethodisexpectedtogeneratemoreopportunitiesformanufactureursforcommerciallylaunchinganimal-freeproducts. RequestforSamplePages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=30824914 Challenges:Customeracceptanceofprecisionfermentedbasedproducts Thoughexhibitinghugescopetoscale-up,precisionfermentation-basedoutputsstillhaveknowledgegaps.Bioavailability,allergenicity,digestibility,andbioequivalenceofproductsareallfactorsthatmustbeconsideredwhenevaluatingproductsandingredients.Thisisanessentialfactorifcustomersareswitchingfromnutritionalwholesomefoodproductstomodifiedfoodproductsthathavesomespecificaddedproteins.Therefore,acceptingprecision-fermentedfoodproductsisprojectedtobeoneofthechallengingfactorsforthemarket.Thischallengecanbeovercomebybringingconsumerawarenessregardingprecision-fermentedfoodproducts,whichwilldrivetheprecision fermentation ingredients marketgrowthinthecomingyears. PrecisionFermentationIngredientsMarketKeyPlayers

  2. Geltor(US) • PerfectDay,Inc.(US) • TheEveryCo.(US) • ImpossibleFoodsInc.(US) • MotifFoodWorks,Inc.(US) • ImagindairyLtd.(Israel) • Shiru,Inc.(US) • Formo(Germany) • EdenBrew(Australia) • ChangeFoods(US) • NewCulture(US) • Requestfor10%CustomizationonthisReport: • https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=30824914 • PrecisionFermentationIngredientsMarketRecentDevelopments: • InMay2023,TheEVERYCompanyandAlphaFoodsofficiallyenteredintoaJointDevelopmentAgreementwiththesharedobjectiveofbringingnext-generationalt-meatproductstothemarket.ThiscollaborationaimstoleverageEVERY'strailblazingexpertiseinanimal-freeproteinproductionandAlphaFoods'renownedchef-craftedplant-basedfoodstoaccelerateadvancementsintasteandtexturefornon-animalproducts. • InMarch2023,thepartnershipbetweenTheHartmanGroup,PerfectDay,andCargillenabledPerfectDaytogainvaluableinsightsintoconsumerattitudesandpreferencesrelatedtoprecisionfermentationingredients.ThisdatahashelpedPerfectDaystrengthenitspositioninthemarket,spearheadthePrecisionfermentationAlliance. • Tospeaktoouranalystforadiscussionontheabovefindings,clickSpeak to Analyst

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