Precision Fermentation Ingredients Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Precision Fermentation Ingredients Market is segmented By Product (Yeast-Based Ingredients, Enzymes, Antibodies, Proteins), By Ingredient Source (Micr....
Precision Fermentation Ingredients Market Size
Market Size in USD
CAGR43.5%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 43.5% |
| Market Concentration | Medium |
| Major Players | Perfect Day Inc., Motif Foodworks, Impossible Foods Inc., The EVERY Company (Clara Foods), Novozymes A/S |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Precision Fermentation Ingredients Market Analysis
The precision fermentation ingredients market is estimated to be valued at USD 4.65 Bn in 2024 and is expected to reach USD 58.3 Bn by 2031. It is expected to grow at a compound annual growth rate (CAGR) of 43.5% from 2024 to 2031. The precision fermentation ingredients market is witnessing growth with increasing popularity as it provides plant-based and more sustainable alternatives to conventional foods such as dairy and meat.