Unlocking the Future of Food: Discover How Precision Fermentation Ingredients are Soaring with a 44% CAGR

Delray Beach, FL, March 20, 2025 (GLOBE NEWSWIRE) – The precision fermentation ingredients market is booming. Valued at around USD 2.8 billion in 2023, it’s on track to skyrocket to USD 36.3 billion by 2030. This impressive growth represents a staggering annual growth rate of 44.0%. So, what’s driving this surge? A combination of growing veganism, an increase in protein demand, and significant investments in new technologies are at play. Advances in genetic engineering allow for efficient and environmentally friendly reprogramming of microorganisms, making it easier to create specialized food proteins.

Key players in this rapidly expanding market are seizing opportunities. For instance, in May 2023, Geltor introduced CAVIANCE™, a vegan collagen polypeptide celebrated for its skin-rejuvenating properties. This innovative product boosts six types of collagen, has strong antioxidant effects, and aids in wound healing.

In another notable move, MycoTechnology teamed up with Oman Investment Authority to form Vital Foods Technologies LLC. This partnership focuses on creating mushroom-based protein using locally grown dates, showing how companies are exploring unique sources for sustainable food production. The competition is fierce, with companies like Geltor, Perfect Day, and Impossible Foods holding a significant chunk of the market.

North America is leading the charge in this market. Increasing consumer awareness and a preference for healthier foods are major factors in this trend. According to The Hartman Group, about 40% of U.S. adults—over 90 million people—are likely to try precision fermentation products. This number could jump to 132 million by 2027. Younger consumers, especially Millennials and Gen Z, are more open to these options, often willing to pay up to 10% extra for products that are environmentally friendly.

The cosmetics industry is also seeing exciting developments thanks to precision fermentation. Products in this category are gaining popularity as they improve nutrient absorption and provide long-lasting skincare benefits. Companies like Geltor are leading innovations in this space, responding to the growing consumer demand for ferments in skincare.

In the food sector, alternative proteins from precision fermentation, particularly meat and seafood substitutes, are becoming significant. Consumers are increasingly drawn to sustainable and health-focused food options, prompting interest in plant-based proteins that replicate traditional meat without the negative environmental impact.

Heme proteins are another emerging segment. These proteins, produced through genetically modified yeast, eliminate reliance on animal sources, further enhancing the sustainability of food production. The U.S. stands at the forefront of research and development in this area, with companies like MycoTechnology and Impossible Foods leading the charge.

Key players shaping this market include:

• Geltor (US)
• Perfect Day, Inc. (US)
• The Every Co. (US)
• Impossible Foods Inc. (US)
• Motif FoodWorks, INC. (US)
• Formo (Germany)
• Eden Brew (Australia)
• Mycorena (Sweden)
• Change Foods (US)
• MycoTechnology (US)

The global precision fermentation ingredients market is evolving rapidly, driven by innovative technology and changing consumer interests. As the popularity of plant-based, sustainable, and health-focused products grows, we can expect even more breakthroughs and partnerships in this field. This vibrant market is set to redefine not just our food, but also cosmetics and alternative proteins worldwide.

For more detailed insights and data trends, check out the latest reports from MarketsandMarkets.

Source link

MarketsandMarkets Research Pvt. Ltd., Precision Fermentation Ingre, Precision Fermentation Market, Precision Fermentation, Food, pharmaceuticals, beverages, Manufacturers