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Precision Fermentation Market

Precision Fermentation Market

The market for Precision Fermentation was estimated at $2.7 billion in 2023; it is anticipated to increase to $25.8 billion by 2030, with projections indicating growth to around $131 billion by 2035.

Report ID:DS1904002
Author:Debadatta Patel - Senior Consultant
Published Date:November 2024
Datatree
Food & Beverage
F&B Technology
Precision Fermentation
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Report Summary
Table of Contents
Methodology
Market Data

Global Precision Fermentation Market Outlook

Revenue, 2023

$2.7B

Forecast, 2033

$68.3B

CAGR, 2023 - 2033

38.3%
The Precision Fermentation industry revenue is expected to be around $5.1 billion in 2024 and expected to showcase growth with 38.3% CAGR between 2025 and 2034.

The Precision Fermentation market is experiencing growth due to its important contribution to sustainable biomanufacturing practices. In 2023 it was worth $2.7 billion with estimates predicting a surge to $25.8 billion by 2030; and further to $131 billion by 2035. In this high growth phase, this market is expected to observe a CAGR of 38.3% and this emphasizes the key role of this technology, in creating enzymes protein alternatives and valuable biomolecules while minimizing environmental harm.

Precision Fermentation harnesses control, over microbial growth to enhance the production of specific biomolecules. This not only boosts output but also improves the quality of the final products.

Precision Fermentation market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2023-2033

Market Key Insights

  • The Precision Fermentation market is projected to grow from $2.7 billion in 2023 to $68.3 billion in 2033. This represents a CAGR of 38.3%, reflecting rising demand across Microbial Enzymes, Pharmaceutical Compounds and Alternative Proteins.
  • The market leaders Novozymes DSM and Perfect Day operate as major forces that determine the competitive dynamics of this industry.
  • U.S. and Germany are the top markets within the Precision Fermentation market and are expected to observe the growth CAGR of 36.8% to 53.6% between 2023 and 2030.
  • Emerging markets including Brazil, South Africa and Australia are expected to observe highest growth with CAGR ranging between 28.7% to 39.8%.
  • The Precision Fermentation market will receive a $9.4 billion boost from Transition like Environmental Impact Reduction by 2030.
  • The Precision Fermentation market is set to add $65.7 billion between 2023 and 2033, with manufacturer targeting Pharmaceuticals & Industrial Application projected to gain a larger market share.
  • With Sustainability in production, and Health and nutrition, Precision Fermentation market to expand 2460% between 2023 and 2033.
precision fermentation market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

Opportunities in the Precision Fermentation

Venturing into markets where the need, for eco friendly technologies is growing.

Growth Opportunities in North America and Europe

North America Outlook

The significant expansion is fueled by the biotechnology capabilities and a strong regulatory system, in place.

Europe Outlook

The increasing desire, for eco efficient manufacturing methods is speeding up the use of precise fermentation technologies.

Market Dynamics and Supply Chain

01

Driver: Sustainability in Production, and Innovation in Biomaterials

Precision fermentation is also widely praised for its capacity to generate amounts of desired goods while using minimal resources and reducing waste. The progress, in engineering and bioprocessing is also driving the creation of new materials and chemicals that have also the potential to substitute for those derived from petroleum.
Precision fermentation allows the development of nourishing and beneficial food items and supplements tailored to individuals who prioritize their health.
02

Restraint: Regulatory Barriers, and Regulatory Barriers

Navigating the procedures involved in gaining approval for genetically modified products continues to pose a considerable obstacle.
Navigating the procedures involved in gaining approval for genetically modified products continues to pose a considerable obstacle.
03

Opportunity: Capacity Expansion and Collaborations and Partnerships

Businesses are expanding their activities to keep up with the growing needs in industries such, as eco-friendly foods and environmentally friendly plastics.
Collaborations, between biotechnology companies and traditional sectors are improving the transfer of technology and the process of commercialization.
04

Challenge: Market Penetration

The widespread use of precision fermentation technologies encounters challenges related to consumer acceptance and compliance with regulations despite its potential.

Supply Chain Landscape

1
Input Suppliers

Sigma-Aldrich

Thermo Fisher

2
Equipment Manufacturers

Sartorius

Eppendorf

(bioreactors and fermentation equipment)

3
End-Users

Food and beverage companies

Pharmaceutical firms

Biofuel producers

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of Precision Fermentation in Microbial Enzymes, Pharmaceutical Compounds & Alternative Proteins

Microbial Enzymes

In the food processing industry and biofuel production sector are widely used by companies such as Novozymes and DSM.

Alternative Proteins

Producing animal dairy and meat proteins relies heavily on precision fermentation. Companies such as Perfect Day and Geltor are leading the way, in this field.

Pharmaceutical Compounds

Biopharmaceutical firms depend on precision fermentation to sustainably manufacture insulin and other therapeutic proteins.

Recent Developments

August 2023

DSМ introduced a lineup of eco friendly performance materials made using precise fermentation techniques.

May 2023

Geltor unveiled a bioengineered substitute for collagen tailored for use, in cosmetics.

February 2023

Perfect Day extended its dairy free protein production facilities to keep up with the increasing demand, for animal free dairy products.

Advancements in fermentation technology are leading to major discoveries, in biomanufacturing highlighting the importance of the industry in promoting sustainable innovation and ecological stewardship.

Impact of Industry Transitions on the Precision Fermentation Market

As a core segment of the F&B Technology industry, the Precision Fermentation market develops in line with broader industry shifts. Over recent years, transitions such as Environmental Impact Reduction and Consumer Education have redefined priorities across the F&B Technology sector, influencing how the Precision Fermentation market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Environmental Impact Reduction

Sustained efforts towards lowering greenhouse gas emissions and preserving resources by optimizing bioprocessing methods. This industry transition is expected to add $9.4 billion in the industry revenue between 2023 and 2030.
02

Consumer Education

Enhanced initiatives to inform the public about the advantages of biobased products in order to boost their popularity and increase demand.

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