Dublin, Aug. 10, 2023 (GLOBE NEWSWIRE) -- The "Precision Fermentation Market By Application, By Microbe, By Ingredient, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The report reveals that the global precision fermentation market is projected to reach $34.86 Billion by 2031, growing from $1.27 Billion in 2021, at a CAGR of 40.5% from 2022 to 2031.
Precision fermentation is a cutting-edge technology that uses various microorganisms to produce components comparable to animal proteins. This process is widely used in industries such as food, agriculture, medicines, and biologics to create a wide range of desired end products. The market for precision fermentation is driven by increasing applications in commercial sectors, such as yogurt, pickles, bread, and other bakery and culinary products.
Market Dynamics:
- Drivers:
- Growing number of residential and commercial construction activities across the world
- Government regulations to reduce home carbon footprints and increase energy-efficient buildings
- Increase in focus on durability and aesthetic view of the windows
- Restraints:
- High cost associated with the development of insulated glass windows
- Opportunities:
- Increasing potential of vacuum insulating glass windows
- Rising amalgamation activities by market players to develop insulated glass windows
- Challenges:
- Breakage, leakage, and heat trapping issues with insulated glass windows
Market Trends
- Cumulative Impact of COVID-19
- Cumulative Impact of Russia-Ukraine Conflict
- Cumulative Impact of High Inflation
Key Market Segments:
- By Ingredient: Egg White, Whey and Casein Protein, Collagen Protein, Heme Protein
- By End User: Food and Beverage, Pharmaceutical, Cosmetic, Others
- By Application: Dairy, Egg, Others, Meat, Seafood
- By Microbe: Bacteria, Yeast, Algae, Fungi, Others
- By Region: North America, Europe, Asia-Pacific, LAMEA
Key Market Players
- geltor inc.
- Imagindairy Ltd
- Change Foods
- Eden Brew
- Impossible Foods Inc
- Motif Foodworks, Inc
- Nourish Ingredients
- Shiru Inc
- FUMI Ingredients
- Perfect Day Inc
For more information about this report visit https://www.researchandmarkets.com/r/990aeg
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