India Precision Fermentation Market to Grow with a CAGR of 4.85% through 2030
Surge in research and development activities is
expected to drive the India Precision Fermentation Market growth in the
forecast period, 2026-2030.
According to TechSci Research report, “India Precision
Fermentation Market - By Region, Competition, Forecast & Opportunities,
2030F”, the India Precision Fermentation Market stood at USD 225.36 Million
in 2024 and is anticipated to grow with a CAGR of 4.85% through 2030. Initiatives
taken by government based on precision fermentation has led to favorable market
conditions for the India Precision Fermentation Market. Several factors
contribute to the growth of various precision fermentation products.
The Indian government has recognized the importance of
industry-academic collaborations in advancing precision fermentation. Programs
like the National Innovation Foundation (NIF) and collaborations through the
Department of Biotechnology (DBT) foster partnerships between biotech
companies, research institutions, and universities. These collaborations focus
on developing new fermentation processes, scaling existing technologies, and
ensuring that innovations are aligned with market needs. By facilitating
knowledge exchange and innovation between academia and industry, the government
accelerates the commercialization of precision fermentation products.
R&D is playing a crucial role in the development of new and innovative products derived from precision fermentation. For example, significant investments are being made into the production of alternative proteins, such as plant-based meat substitutes, and dairy-free products. With the rising demand for alternative proteins driven by health, sustainability, and ethical considerations, R&D is enabling companies to create protein sources that closely mimic the taste, texture, and nutritional profiles of animal-based products. The ability to scale these products for commercial use is largely the result of advancements in precision fermentation, which is increasingly attracting attention from both the Indian government and private sector investors.
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The India Precision Fermentation Market is segmented
into microbe, end user, regional distribution, and company.
Based on Microbe, Algae have emerged as the
dominating segment in the India Precision Fermentation Market in 2024. One of
the primary factors contributing to algae's dominance is its exceptional
potential to produce bioactive compounds, proteins, lipids, and other valuable
ingredients. Algae are capable of synthesizing complex molecules such as
omega-3 fatty acids, antioxidants, and pigments, which are in high demand in
the nutraceuticals, pharmaceuticals, and food industries. With India’s growing
emphasis on plant-based, sustainable, and health-focused products, algae-based
solutions are becoming increasingly popular. These bio-based compounds,
produced through precision fermentation processes, offer significant benefits
over traditional sources, particularly in terms of sustainability and scalability.
Based on Region, West India have emerged as the fastest
growing region in the India Precision Fermentation Market in 2024. West India
has a well-established food and beverage manufacturing base, particularly in
states like Maharashtra and Gujarat. These states are leaders in adopting new
food technologies to meet growing consumer demand for plant-based and
sustainable alternatives. The increasing investment in R&D and the scaling
of production capabilities further contribute to the region's rapid growth.
Major companies operating in India Precision
Fermentation Market are:
- String Bio Pvt Ltd
- Phyx44 Private Limited
- Novozymes South Asia Pvt. Ltd.
- Perfect Day India Pvt. Ltd.
- Laurus Bio Private Limited
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“Nanotechnology facilitates the development of
advanced catalysts and nanomaterials that can significantly enhance the
efficiency of fermentation processes. Nanomaterials, such as nanoparticles and
nanocapsules, improve enzyme stability, increase reaction rates, and optimize
nutrient absorption by microorganisms. This results in higher yields, reduced
production costs, and more efficient use of raw materials, making precision
fermentation processes more economically viable”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“India Precision Fermentation Market By
Microbe (Yeast, Algae, Bacteria, Others), By End User (Food & Beverage,
Pharmaceutical, Cosmetic, Others), By Region and Competition, Forecast &
Opportunities, 2020-2030F”, has evaluated the future growth potential of India 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 India Precision
Fermentation Market.
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