United States Precision Fermentation Market to be dominated by the increase in adoption of vegan lifestyle through 2028
Animal free dairy is expected to drive the growth of United States Precision Fermentation Market in the forecast period.
According to TechSci Research report, “United States Precision Fermentation Market –Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028”,
the United States
Precision Fermentation Market is anticipated to grow at an impressive rate in
the forecast period, 2024-2028. This can be ascribed to the growing investments
in precision fermentation industry. Companies based
in the United States raised the vast majority of investments. The largest concentration
of companies is in the United States, with 31 fermentation companies operating
here. All the companies are working on precision fermentation with an
initiative for animal-free meat, eggs, and dairy production.
Additionally, increasing awareness among the
population related to the disruption of livestock across the country is further
expected to support the market growth in the coming years. The population is
more focused towards adapting vegan lifestyle to prevent livestock harm.
However,
precision fermentation demands regular monitoring for the analysis of
microorganism DNA sequences. Even a small error in the DNA sequence analysis
can alter proteins, producing undesirable results. Similarly,
over the projection period, the United States precision fermentation market
will face challenges due to a lack of knowledge about precision fermentation
and a shortage of professionals with the necessary skills.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "United States Precision Fermentation Market"
The United States Precision Fermentation Market can be segmented by ingredients produced, by microbes,
by end user and by region.
Based on ingredients produced, the United States
Precision Fermentation Market can be segmented
into whey & casein protein, egg white,
collagen protein, heme protein, and others.
Whey & casein protein segment dominated the market in 2022 and is expected
to continue maintaining its dominance through 2028 on account of the growing
use of precision fermentation technique to produce whey & casein protein.
Through precision fermentation, companies have been successful in producing
proteins with similar texture and taste. Additionally, the whey & casein
protein produced by precision fermentation fermentation increase
the shelf life of the eatables and maintain the sterility of the products.
Based on end user, the United States
Precision Fermentation Market can be
further segmented into Food &
Beverage, Pharmaceutical, Cosmetic, Other.
Due to the rise in the number of people who consume meat, the food and beverage
category dominated the market in 2022 and is predicted to continue to do so
during the forecast period. Precision fermentation is heavily influenced by the
cultured meat trend because so many food manufacturers are shifting more and
more toward producing cultured meat.
Major companies operating in United States Precision Fermentation Market are:
- New Culture Inc.
- Perfect Day, Inc.
- Triton Algae Innovations
- Change Foods, Inc
- Imposible Foods Inc.
- Motif FoodWorks, Inc.
- The Every Company
- Geltor, Inc
- Better Dairy
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“The engagement
of new firms in the future as it is the trend to manufacture cultured meat and
animal free dairy is likely to create new prospects for the growth of United
States Precision Fermentation Market during the forecast period. The future
expansion of the United States Precision Fermentation Market is also attributed
to the development of novel protein production systems. Besides, increasing
number of startup companies in the region which are working for development of
food products based on precision fermentation technique is expected to create
lucrative opportunities for the market growth in the coming years” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United
States Precision Fermentation Market By Ingredients Produced
(Whey & Casein Protein, Egg
White, Collagen Protein, Heme Protein, Others), By Microbes (Yeast, Algae, Bacteria, Others), By End
User (Food & Beverage,
Pharmaceutical, Cosmetic, Others), By Region, Competition,
Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of United States Precision Fermentation Market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United States Precision Fermentation Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com