1	INTRODUCTION	42
1.1	STUDY OBJECTIVES	42
1.2	MARKET DEFINITION	42
1.3	STUDY SCOPE	43
FIGURE 1	MARKET SEGMENTATION	43
1.3.1	REGIONS COVERED	44
1.3.2	INCLUSIONS & EXCLUSIONS	44
1.3.3	YEARS CONSIDERED	45
1.4	CURRENCY CONSIDERED	45
TABLE 1	USD EXCHANGE RATES CONSIDERED, 2019–2022	46
1.5	VOLUME UNIT CONSIDERED	46
1.6	STAKEHOLDERS	46
1.7	SUMMARY OF CHANGES	47
2	RESEARCH METHODOLOGY	48
2.1	RESEARCH DATA	48
FIGURE 2	PRECISION FERMENTATION INGREDIENTS MARKET: RESEARCH DESIGN	48
2.1.1	SECONDARY DATA	49
2.1.1.1	Key data from secondary sources	49
2.1.2	PRIMARY DATA	50
2.1.2.1	Key data from primary sources	50
2.1.2.2	Expert insights	51
2.1.2.3	Breakdown of primary interviews	51
FIGURE 3	BREAKDOWN OF PRIMARY INTERVIEWS, BY VALUE CHAIN, DESIGNATION, AND REGION	51
2.2	MARKET SIZE ESTIMATION	52
2.2.1	BOTTOM-UP APPROACH	52
FIGURE 4	MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH	52
2.2.2	TOP-DOWN APPROACH	53
FIGURE 5	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	53
2.3	DATA TRIANGULATION	54
FIGURE 6	DATA TRIANGULATION METHODOLOGY	54
2.4	RESEARCH ASSUMPTIONS	55
2.5	LIMITATIONS AND RISK ASSESSMENT	55
2.6	RECESSION IMPACT ON PRECISION FERMENTATION INGREDIENTS MARKET	56
2.6.1	MACRO INDICATORS OF RECESSION	56
FIGURE 7	INDICATORS OF RECESSION	56
FIGURE 8	GLOBAL INFLATION RATE, 2011–2021	57
FIGURE 9	GLOBAL GDP: 2011-2021 (USD TRILLION)	58
FIGURE 10	RECESSION INDICATORS AND THEIR IMPACT ON PRECISION FERMENTATION INGREDIENTS MARKET	59
FIGURE 11	PRECISION FERMENTATION INGREDIENTS MARKET: EARLIER VS. RECESSION FORECAST	59
3	EXECUTIVE SUMMARY	61
TABLE 2	PRECISION FERMENTATION INGREDIENTS MARKET SNAPSHOT, 2023 VS. 2030	61
FIGURE 12	PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE TYPE, 2023 VS. 2030 (USD MILLION)	62
FIGURE 13	PRECISION FERMENTATION INGREDIENTS MARKET, BY FOOD & BEVERAGE APPLICATION, 2023 VS. 2030 (USD MILLION)	63
FIGURE 14	PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT, 2023 VS. 2030 (USD MILLION)	64
FIGURE 15	PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023 VS. 2030 (USD MILLION)	65
FIGURE 16	ASIA PACIFIC PROJECTED TO BE FASTEST-GROWING MARKET	66
4	PREMIUM INSIGHTS	67
4.1	ATTRACTIVE OPPORTUNITIES IN PRECISION FERMENTATION INGREDIENTS MARKET	67
FIGURE 17	INCREASING DEMAND FOR SUSTAINABLE FOOD TO DRIVE MARKET FOR PRECISION FERMENTATION INGREDIENTS	67
4.2	PRECISION FERMENTATION INGREDIENTS MARKET: SHARES OF MAJOR REGIONAL SUBMARKETS	68
FIGURE 18	US TO BE LARGEST MARKET FOR PRECISION FERMENTATION INGREDIENTS IN 2023	68
4.3	EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE AND COUNTRY	68
FIGURE 19	ENZYMES SEGMENT AND GERMANY ACCOUNTED FOR LARGEST MARKET SHARES IN EUROPEAN MARKET IN 2022	68
4.4	PRECISION FERMENTATION INGREDIENTS MARKET, BY FOOD & BEVERAGE APPLICATION & REGION	69
FIGURE 20	NORTH AMERICA AND DAIRY ALTERNATIVES SEGMENTS PROJECTED TO DOMINATE MARKET	69
4.5	PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE	70
FIGURE 21	ENZYMES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD	70
4.6	PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE	70
FIGURE 22	YEAST SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD	70
4.7	PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE TYPE	71
FIGURE 23	FOOD & BEVERAGES SEGMENT TO ACCOUNT FOR LARGEST SHARE	71
4.8	PRECISION FERMENTATION INGREDIENTS MARKET, BY FOOD & BEVERAGE APPLICATION	71
FIGURE 24	DAIRY ALTERNATIVES TO BE FASTEST GROWING SEGMENT	71
5	MARKET OVERVIEW	72
5.1	INTRODUCTION	72
5.2	MACRO INDICATORS	72
5.2.1	FERMENTATION TO DEVELOP SUSTAINABLE FOOD SYSTEM	72
5.3	MARKET DYNAMICS	73
FIGURE 25	INCREASING DEMAND FOR ALTERNATIVE PROTEINS TO DRIVE GROWTH	73
5.3.1	DRIVERS	73
5.3.1.1	Heavy investments and funding in precision fermentation space	73
FIGURE 26	INVESTMENTS IN FERMENTATION, BY TYPE, 2013–2022 (USD MILLION)	74
FIGURE 27	INVESTMENTS IN FERMENTATION, BY REGION, 2022 (USD MILLION)	74
5.3.1.2	Growing adoption of vegan and meat-free lifestyles	75
FIGURE 28	PURCHASE INTENT AMONG NON-MILK ALLERGIC INDIVIDUALS	75
FIGURE 29	PURCHASE LIKELIHOOD FOR THOSE FAMILIAR WITH PRODUCT WITHOUT MILK ALLERGY	75
5.3.1.3	Production of precision-fermented ingredients to yield lower carbon footprint	76
FIGURE 30	GREENHOUSE GAS EMISSIONS FROM ANIMAL AGRICULTURE (MILLION METRIC TONS)	76
5.3.2	RESTRAINTS	77
5.3.2.1	High manufacturing costs associated with production of ingredients utilizing precision fermentation	77
5.3.3	OPPORTUNITIES	78
5.3.3.1	Development of novel protein production systems	78
5.3.3.2	Lower production and supply chain costs	78
5.3.3.3	Competitive product costing against animal-based and other alternative proteins	79
FIGURE 31	PF COSTS: HISTORICAL AND FORECAST	79
FIGURE 32	COST REDUCTION ESTIMATES FOR GROWTH FACTORS & RECOMBINANT PROTEINS	80
5.3.4	CHALLENGES	81
5.3.4.1	Lack of commercialization and cost-effective production at scale	81
5.3.4.2	Low customer acceptance of precision-fermented products	82
FIGURE 33	LIKELY ROLE OF PRECISION FERMENTATION PRODUCTS WITHIN CONSUMERS’ OVERALL FOOD AND BEVERAGE PORTFOLIO	82
6	INDUSTRY TRENDS	83
6.1	INTRODUCTION	83
6.2	VALUE CHAIN ANALYSIS	83
6.2.1	TARGET METABOLITE IDENTIFICATION AND SELECTION	83
6.2.2	MICROBIAL STRAIN DEVELOPMENT	83
6.2.3	FEEDSTOCK DISCOVERY AND OPTIMIZATION	84
6.2.4	BIOPROCESSING DESIGN & MANUFACTURING	84
6.2.5	END PRODUCT & INGREDIENT COMMERCIALIZATION	84
FIGURE 34	VALUE CHAIN ANALYSIS OF PRECISION FERMENTATION INGREDIENTS MARKET	84
6.3	VALUE CHAIN ANALYSIS OF PROTEIN ALTERNATIVE PRODUCTS	85
6.3.1	RESEARCH & DEVELOPMENT	85
6.3.2	RAW MATERIAL SOURCING	85
6.3.3	PRODUCTION AND PROCESSING	85
6.3.4	PACKAGING	86
6.3.5	MARKETING & DISTRIBUTION AND END USE	86
FIGURE 35	VALUE CHAIN ANALYSIS OF PROTEIN ALTERNATIVE PRODUCTS	86
6.4	SUPPLY CHAIN ANALYSIS OF PROTEIN ALTERNATIVE PRODUCTS	87
FIGURE 36	SUPPLY CHAIN ANALYSIS OF PROTEIN ALTERNATIVE PRODUCTS	87
6.5	TECHNOLOGY ANALYSIS	88
6.5.1	GENOMIC REVOLUTION AND ARTIFICIAL INTELLIGENCE	88
6.5.2	MACHINE LEARNING	89
6.5.3	MEMBRANE SEPARATION TECHNOLOGY	89
6.5.4	BIOINFORMATICS	89
6.6	PRICING ANALYSIS	90
TABLE 3	PRECISION FERMENTATION INGREDIENTS MARKET: AVERAGE SELLING PRICE, BY MICROBE TYPE, 2019–2022 (USD/KG)	90
TABLE 4	PRECISION FERMENTATION INGREDIENTS MARKET: AVERAGE SELLING PRICE, BY REGION, 2019–2022 (USD/KG)	90
6.7	MARKET MAP AND ECOSYSTEM ANALYSIS	91
6.7.1	DEMAND-SIDE COMPANIES	91
6.7.2	SUPPLY-SIDE COMPANIES	91
FIGURE 37	PRECISION FERMENTATION: MARKET MAP	91
TABLE 5	PRECISION FERMENTATION INGREDIENTS MARKET: SUPPLY CHAIN ECOSYSTEM ANALYSIS	92
6.8	TRENDS IMPACTING BUYERS IN PRECISION FERMENTATION INGREDIENTS MARKET	93
FIGURE 38	PRECISION FERMENTATION INGREDIENTS MARKET: TRENDS IMPACTING BUYERS	93
6.9	PATENT ANALYSIS	94
FIGURE 39	PATENT ANALYSIS, 2012–2022	94
FIGURE 40	REGIONAL ANALYSIS OF PATENTS GRANTED FOR PRECISION FERMENTATION INGREDIENTS, 2012–2022	95
TABLE 6	PATENTS PERTAINING TO PRECISION FERMENTATION, 2012–2022	95
6.10	KEY CONFERENCES & EVENTS, 2023-2024	103
TABLE 7	DETAILED LIST OF KEY CONFERENCES & EVENTS	103
6.11	PORTER’S FIVE FORCES ANALYSIS	103
TABLE 8	PORTER’S FIVE FORCES ANALYSIS	104
6.11.1	INTENSITY OF COMPETITIVE RIVALRY	104
6.11.2	BARGAINING POWER OF SUPPLIERS	105
6.11.3	BARGAINING POWER OF BUYERS	105
6.11.4	THREAT OF SUBSTITUTES	105
6.11.5	THREAT OF NEW ENTRANTS	106
6.12	CASE STUDY ANALYSIS	106
6.12.1	EXPANSION OF IMPOSSIBLE FOODS’ PLANT-BASED PRODUCT LINE	106
6.12.2	REVOLUTIONIZING PROTEIN FUNCTION PREDICTION WITH AI	107
6.12.3	USING NEW AND HEALTHIER VERSION OF PROTEIN ALTERNATIVES	107
6.12.4	LAUNCH OF LACTOSE-FREE PRODUCTS	107
6.13	KEY STAKEHOLDERS AND BUYING CRITERIA	107
6.13.1	KEY STAKEHOLDERS IN BUYING PROCESS	108
FIGURE 41	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP FOOD & BEVERAGE APPLICATIONS	108
TABLE 9	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS	108
6.13.2	BUYING CRITERIA	108
FIGURE 42	KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS	109
TABLE 10	KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS	109
6.14	TARIFF AND REGULATORY LANDSCAPE	109
6.14.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	109
TABLE 11	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	110
TABLE 12	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	110
TABLE 13	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	111
6.15	REGULATORY FRAMEWORK	111
6.15.1	INTRODUCTION	111
6.15.2	REGULATIONS, BY COUNTRY/REGION	111
6.15.2.1	US	111
6.15.2.2	Canada	113
6.15.2.3	European Union	114
6.15.2.4	Australia	115
6.15.2.5	Singapore	115
6.15.2.6	India	116
6.15.2.7	China	116
7	PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE TYPE	117
7.1	INTRODUCTION	118
FIGURE 43	PHARMACEUTICAL SEGMENT TO REGISTER FASTEST GROWTH DURING FORECAST PERIOD	118
TABLE 14	PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE TYPE, 2019–2022 (USD MILLION)	118
TABLE 15	PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE TYPE, 2023–2030 (USD MILLION)	119
TABLE 16	PRECISION FERMENTATION INGREDIENTS MARKET, BY END- USE TYPE, 2019–2022 (THOUSAND TONS)	119
TABLE 17	PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE, 2023–2030 (THOUSAND TONS)	119
TABLE 18	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE, 2019–2022 (USD MILLION)	119
TABLE 19	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE TYPE, 2023–2030 (USD MILLION)	120
TABLE 20	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE TYPE, 2019–2022 (THOUSAND TONS)	120
TABLE 21	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY END-USE TYPE, 2023–2030 (THOUSAND TONS)	120
7.2	FOOD & BEVERAGES	120
7.2.1	RAPID PRODUCT LAUNCHES TO ADDRESS CONSUMERS’ DEMAND TO DRIVE GROWTH	120
TABLE 22	FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	121
TABLE 23	FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	121
TABLE 24	FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	122
TABLE 25	FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	122
TABLE 26	PRECISION FERMENTATION INGREDIENTS MARKET IN FOOD & BEVERAGE APPLICATIONS, BY REGION, 2019–2022 (USD MILLION)	122
TABLE 27	PRECISION FERMENTATION INGREDIENTS MARKET IN FOOD & BEVERAGE APPLICATIONS, BY REGION, 2023–2030 (USD MILLION)	123
TABLE 28	PRECISION FERMENTATION INGREDIENTS MARKET IN FOOD & BEVERAGE APPLICATIONS, BY REGION, 2019–2022 (THOUSAND TONS)	123
TABLE 29	PRECISION FERMENTATION INGREDIENTS MARKET IN FOOD & BEVERAGE APPLICATIONS, BY REGION, 2023–2030 (THOUSAND TONS)	123
7.3	PHARMACEUTICALS	124
7.3.1	GROWING ADVANCEMENTS IN MEDICAL RESEARCH TO DRIVE MARKET	124
7.4	COSMETICS & OTHERS	124
8	PRECISION FERMENTATION INGREDIENTS MARKET, BY FOOD & BEVERAGE APPLICATION	126
8.1	INTRODUCTION	127
FIGURE 44	MEAT & SEAFOOD SEGMENT TO REGISTER FASTEST GROWTH BY 2030	127
TABLE 30	FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (USD MILLION)	127
TABLE 31	FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (USD MILLION)	128
TABLE 32	FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (THOUSAND TONS)	128
TABLE 33	FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (THOUSAND TONS)	128
TABLE 34	OPTIMISTIC SCENARIO: FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (USD MILLION)	129
TABLE 35	OPTIMISTIC SCENARIO: FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (USD MILLION)	129
TABLE 36	OPTIMISTIC SCENARIO: FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (THOUSAND TONS)	129
TABLE 37	OPTIMISTIC SCENARIO: FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (THOUSAND TONS)	130
8.2	MEAT & SEAFOOD	130
8.2.1	INCREASING VEGAN POPULATION TO DRIVE DEMAND FOR ANIMAL-FREE MEAT AND SEAFOOD	130
TABLE 38	MEAT & SEAFOOD: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	131
TABLE 39	MEAT & SEAFOOD: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	131
TABLE 40	MEAT & SEAFOOD: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	131
TABLE 41	MEAT & SEAFOOD: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	132
8.3	DAIRY ALTERNATIVES	132
8.3.1	RISING SHIFT TOWARD DAIRY-FREE PRODUCTS TO DRIVE GROWTH	132
TABLE 42	DAIRY ALTERNATIVES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	133
TABLE 43	DAIRY ALTERNATIVES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	133
TABLE 44	DAIRY ALTERNATIVES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	134
TABLE 45	DAIRY ALTERNATIVES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	134
8.4	EGG ALTERNATIVES	134
8.4.1	INCREASING ALLERGIES TO SHIFT CUSTOMERS TOWARD EGG ALTERNATIVES TO BOOST GROWTH	134
TABLE 46	EGG ALTERNATIVES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	135
TABLE 47	EGG ALTERNATIVES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	135
TABLE 48	EGG ALTERNATIVES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	136
TABLE 49	EGG ALTERNATIVES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	136
8.5	OTHER APPLICATIONS	136
TABLE 50	OTHER APPLICATIONS: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	137
TABLE 51	OTHER APPLICATIONS: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	137
TABLE 52	OTHER APPLICATIONS: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	137
TABLE 53	OTHER APPLICATIONS: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	138
9	PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE	139
9.1	INTRODUCTION	140
FIGURE 45	ENZYMES SEGMENT TO DOMINATE MARKET BY 2030	140
TABLE 54	PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (USD MILLION)	141
TABLE 55	PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (USD MILLION)	141
TABLE 56	PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (THOUSAND TONS)	141
TABLE 57	PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (THOUSAND TONS)	142
TABLE 58	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (USD MILLION)	142
TABLE 59	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (USD MILLION)	142
TABLE 60	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (THOUSAND TONS)	143
TABLE 61	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (THOUSAND TONS)	143
9.2	WHEY & CASEIN PROTEIN	143
9.2.1	INCREASING DEMAND FOR WHEY & CASEIN PROTEIN TO DRIVE MARKET	143
TABLE 62	WHEY & CASEIN PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	144
TABLE 63	WHEY & CASEIN PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	145
TABLE 64	WHEY & CASEIN PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	145
TABLE 65	WHEY & CASEIN PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	145
9.3	EGG WHITE	146
9.3.1	GROWING ADOPTION OF FLEXITARIAN DIETS TO BOOST MARKET	146
TABLE 66	EGG WHITE: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	146
TABLE 67	EGG WHITE: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	146
TABLE 68	EGG WHITE: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	147
TABLE 69	EGG WHITE: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	147
9.4	COLLAGEN PROTEIN	147
9.4.1	RISING PLANT-BASED MOVEMENT TO SUPPORT MARKET GROWTH	147
TABLE 70	COLLAGEN PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	148
TABLE 71	COLLAGEN PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	148
TABLE 72	COLLAGEN PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	149
TABLE 73	COLLAGEN PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	149
 
9.5	HEME PROTEIN	149
9.5.1	NEED FOR USE OF HEME PROTEIN TO REPLICATE MEATY TASTE IN ALTERNATIVES TO BOOST GROWTH	149
TABLE 74	HEME PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	150
TABLE 75	HEME PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	150
TABLE 76	HEME PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	151
TABLE 77	HEME PROTEIN: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	151
9.6	ENZYMES	151
9.6.1	GROWTH IN ANIMAL-FREE PROTEIN SECTOR TO DRIVE MARKET DEMAND	151
TABLE 78	ENZYMES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	152
TABLE 79	ENZYMES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	152
TABLE 80	ENZYMES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	152
TABLE 81	ENZYMES: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	153
9.7	OTHER INGREDIENTS	153
TABLE 82	OTHER INGREDIENTS: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	154
TABLE 83	OTHER INGREDIENTS: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	154
TABLE 84	OTHER INGREDIENTS: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	155
TABLE 85	OTHER INGREDIENTS: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	155
10	PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE	156
10.1	INTRODUCTION	157
FIGURE 46	YEAST TO DOMINATE PRECISION FERMENTATION INGREDIENTS MARKET BY 2030	157
TABLE 86	PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (USD MILLION)	157
TABLE 87	PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (USD MILLION)	158
TABLE 88	PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (THOUSAND TONS)	158
TABLE 89	PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (THOUSAND TONS)	158
TABLE 90	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (USD MILLION)	159
TABLE 91	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (USD MILLION)	159
TABLE 92	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (THOUSAND TONS)	159
TABLE 93	OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (THOUSAND TONS)	160
10.2	YEAST	160
10.2.1	INCREASING USE OF ADVANCED APPLICATIONS OF YEAST TO DRIVE GROWTH	160
TABLE 94	YEAST: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	161
TABLE 95	YEAST: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	161
TABLE 96	YEAST: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	161
TABLE 97	YEAST: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	162
10.3	ALGAE	162
10.3.1	EMERGENCE OF ALGAE-BASED PRODUCTS TO PROVIDE FUNCTIONAL BENEFITS TO PROSPER GROWTH	162
TABLE 98	ALGAE: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	163
TABLE 99	ALGAE: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	163
TABLE 100	ALGAE: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	163
TABLE 101	ALGAE: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	164
10.4	FUNGI	164
10.4.1	DEVELOPMENT OF FOOD PRODUCTS FROM FERMENTATION-BASED ALTERNATIVE PROTEINS TO BOOST GROWTH	164
TABLE 102	FUNGI: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	165
TABLE 103	FUNGI: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	165
TABLE 104	FUNGI: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	165
TABLE 105	FUNGI: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	166
10.5	BACTERIA	166
10.5.1	INCREASING USE OF BACTERIA TO PRODUCE SUSTAINABLE FOOD PRODUCTS TO DRIVE GROWTH	166
10.5.2	ARCHAEABACTERIA	166
TABLE 106	BACTERIA: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)	167
TABLE 107	BACTERIA: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION)	167
TABLE 108	BACTERIA: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS)	167
TABLE 109	BACTERIA: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS)	168
11.1 INTRODUCTION 170
FIGURE 47 CHINA TO REGISTER HIGHEST CAGR IN PRECISION FERMENTATION INGREDIENTS MARKET 170
TABLE 110 PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 171
TABLE 111 PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION) 171
TABLE 112 PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS) 171
TABLE 113 PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS) 172
TABLE 114 OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 172
TABLE 115 OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION) 172
TABLE 116 OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS) 173
TABLE 117 OPTIMISTIC SCENARIO: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS) 173
11.2 NORTH AMERICA 173
FIGURE 48 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET SNAPSHOT 174
TABLE 118 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 175
TABLE 119 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 175
TABLE 120 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (THOUSAND TONS) 175
TABLE 121 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (THOUSAND TONS) 175
TABLE 122 FOOD & BEVERAGES: NORTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (USD MILLION) 176
TABLE 123 FOOD & BEVERAGES: NORTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (USD MILLION) 176
TABLE 124 FOOD & BEVERAGES: NORTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022(THOUSAND TONS) 176
TABLE 125 FOOD & BEVERAGES: NORTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (THOUSAND TONS) 177
TABLE 126 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (USD MILLION) 177
TABLE 127 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (USD MILLION) 177
TABLE 128 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (THOUSAND TONS) 178
TABLE 129 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (THOUSAND TONS) 178
TABLE 130 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (USD MILLION) 178
TABLE 131 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (USD MILLION) 179
TABLE 132 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (THOUSAND TONS) 179
TABLE 133 NORTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (THOUSAND TONS) 179
11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 180
FIGURE 49 NORTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 181
11.2.2 US 181
11.2.2.1 Increasing demand for high-protein formulations to drive market 181
11.2.3 CANADA 182
11.2.3.1 Growth in shift toward lower-cost and nutrition-rich plant-based dairy alternatives to drive market 182
11.2.4 MEXICO 182
11.2.4.1 Increase in demand for animal-free alternatives to drive growth 182
11.3 EUROPE 183
TABLE 134 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 184
TABLE 135 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 184
TABLE 136 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (THOUSAND TONS) 184
TABLE 137 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (THOUSAND TONS) 185
TABLE 138 FOOD & BEVERAGES: EUROPEAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (USD MILLION) 185
TABLE 139 FOOD & BEVERAGES: EUROPEAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (USD MILLION) 185
TABLE 140 FOOD & BEVERAGES: EUROPEAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022(THOUSAND TONS) 186
TABLE 141 FOOD & BEVERAGES: EUROPEAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (THOUSAND TONS) 186
TABLE 142 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (USD MILLION) 186
TABLE 143 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (USD MILLION) 187
TABLE 144 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (THOUSAND TONS) 187
TABLE 145 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (THOUSAND TONS) 187
TABLE 146 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (USD MILLION) 188
TABLE 147 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (USD MILLION) 188
TABLE 148 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (THOUSAND TONS) 188
TABLE 149 EUROPE: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (THOUSAND TONS) 189
11.3.1 EUROPE: RECESSION IMPACT ANALYSIS 189
FIGURE 50 EUROPEAN PRECISION FERMENTATION INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 190
11.3.2 GERMANY 190
11.3.2.1 Rising health awareness and growing vegetarian and vegan population to drive growth 190
11.3.3 FRANCE 191
11.3.3.1 Growing demand for animal-free ingredients from cosmetics industry to propel market 191
11.3.4 UK 192
11.3.4.1 Greater demand for dairy alternatives to bolster growth 192
11.3.5 ITALY 192
11.3.5.1 Demand for large-scale cheese consumption to drive market 192
11.3.6 SPAIN 193
11.3.6.1 Launch of animal-free ingredients by startups to drive growth 193
11.3.7 REST OF EUROPE 193
11.4 ASIA PACIFIC 194
11.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 195
FIGURE 51 ASIA PACIFIC PRECISION FERMENTATION INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 195
FIGURE 52 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET SNAPSHOT 196
TABLE 150 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 196
TABLE 151 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 197
TABLE 152 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (THOUSAND TONS) 197
TABLE 153 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (THOUSAND TONS) 197
TABLE 154 FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET IN ASIA PACIFIC, BY APPLICATION TYPE, 2019–2022 (USD MILLION) 198
TABLE 155 FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET IN ASIA PACIFIC, BY APPLICATION TYPE, 2023–2030 (USD MILLION) 198
TABLE 156 FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET IN ASIA PACIFIC, BY APPLICATION TYPE, 2019–2022 (THOUSAND TONS) 198
TABLE 157 FOOD & BEVERAGES: PRECISION FERMENTATION INGREDIENTS MARKET IN ASIA PACIFIC, BY APPLICATION TYPE, 2023–2030 (THOUSAND TONS) 199
TABLE 158 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (USD MILLION) 199
TABLE 159 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (USD MILLION) 199
TABLE 160 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (THOUSAND TONS) 200
TABLE 161 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (THOUSAND TONS) 200
TABLE 162 ASIA PACIFIC: PRECISION FERMENTANSTION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (USD MILLION) 200
TABLE 163 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (USD MILLION) 201
TABLE 164 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (THOUSAND TONS) 201
TABLE 165 ASIA PACIFIC: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (THOUSAND TONS) 201
11.4.2 CHINA 202
11.4.2.1 Availability of limited meat alternatives to boost growth 202
11.4.3 JAPAN 202
11.4.3.1 Adoption of plant-based food options by older people to drive market expansion 202
11.4.4 INDIA 203
11.4.4.1 Rising demand for dairy-free substitutes to drive market 203
11.4.5 AUSTRALIA & NEW ZEALAND 203
11.4.5.1 High involvement in R&D activities to develop animal-free dairy to drive market 203
11.4.6 SINGAPORE 204
11.4.6.1 Growing requirement for microbial-based alternative proteins to boost adoption of precision fermentation 204
11.4.7 REST OF ASIA PACIFIC 205
11.5 SOUTH AMERICA 205
TABLE 166 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 205
TABLE 167 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 206
TABLE 168 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (THOUSAND TONS) 206
TABLE 169 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (THOUSAND TONS) 206
TABLE 170 FOOD & BEVERAGES: SOUTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (USD MILLION) 206
TABLE 171 FOOD & BEVERAGES: SOUTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (USD MILLION) 207
TABLE 172 FOOD & BEVERAGES: SOUTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (THOUSAND TONS) 207
TABLE 173 FOOD & BEVERAGES: SOUTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (THOUSAND TONS) 207
TABLE 174 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (USD MILLION) 208
TABLE 175 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (USD MILLION) 208
TABLE 176 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (THOUSAND TONS) 208
TABLE 177 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (THOUSAND TONS) 209
TABLE 178 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (USD MILLION) 209
TABLE 179 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (USD MILLION) 209
TABLE 180 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (THOUSAND TONS) 210
TABLE 181 SOUTH AMERICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (THOUSAND TONS) 210
11.5.1 SOUTH AMERICA: RECESSION IMPACT 210
FIGURE 53 SOUTH AMERICAN PRECISION FERMENTATION INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 211
11.5.2 ARGENTINA 211
11.5.2.1 Focus on enhancing clean-label food products to propel growth 211
11.5.3 BRAZIL 212
11.5.3.1 Adoption of bio-based products to drive market 212
11.5.4 REST OF SOUTH AMERICA 213
11.6 MIDDLE EAST & AFRICA 213
TABLE 182 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 214
TABLE 183 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (USD MILLION) 214
TABLE 184 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2019–2022 (THOUSAND TONS) 214
TABLE 185 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION, 2023–2030 (THOUSAND TONS) 214
TABLE 186 MIDDLE EAST: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 215
TABLE 187 MIDDLE EAST: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 215
TABLE 188 MIDDLE EAST: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (THOUSAND TONS) 215
TABLE 189 MIDDLE EAST: PRECISION FERMENTATION INGREDIENTS MARKET, BY COUNTRY, 2023–2030 (THOUSAND TONS) 215
TABLE 190 FOOD & BEVERAGES: MIDDLE EAST & AFRICA PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (USD MILLION) 216
TABLE 191 FOOD & BEVERAGES: MIDDLE EAST & AFRICA PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (USD MILLION) 216
TABLE 192 FOOD & BEVERAGES: MIDDLE EAST & AFRICA PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2019–2022 (THOUSAND TONS) 216
TABLE 193 FOOD & BEVERAGES: MIDDLE EAST & AFRICA PRECISION FERMENTATION INGREDIENTS MARKET, BY APPLICATION TYPE, 2023–2030 (THOUSAND TONS) 217
TABLE 194 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (USD MILLION) 217
TABLE 195 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (USD MILLION) 217
TABLE 196 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2019–2022 (THOUSAND TONS) 218
TABLE 197 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY INGREDIENT TYPE, 2023–2030 (THOUSAND TONS) 218
TABLE 198 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (USD MILLION) 218
TABLE 199 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (USD MILLION) 219
TABLE 200 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2019–2022 (THOUSAND TONS) 219
TABLE 201 MIDDLE EAST & AFRICA: PRECISION FERMENTATION INGREDIENTS MARKET, BY MICROBE TYPE, 2023–2030 (THOUSAND TONS) 219
11.6.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 220
FIGURE 54 MIDDLE EAST & AFRICA PRECISION FERMENTATION INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 220
11.6.2 ISRAEL 221
11.6.2.1 Rising demand for major players to contribute to market expansion 221
11.6.3 UAE 221
11.6.3.1 Growing acceptance of vegan food to boost growth 221
11.6.4 AFRICA 222
11.6.4.1 Rising investments for rising urbanization to promote market growth 222
12 COMPETITIVE LANDSCAPE 223
12.1 OVERVIEW 223
12.2 MARKET RANKING ANALYSIS 223
TABLE 202 PRECISION FERMENTATION INGREDIENTS MARKET: DEGREE OF COMPETITION 224
12.3 STRATEGIES ADOPTED BY KEY PLAYERS 224
TABLE 203 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS 224
12.4 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 226
FIGURE 55 PRECISION FERMENTATION INGREDIENTS MARKET: SNAPSHOT OF KEY PARTICIPANTS, 2022 226
12.5 MARKET SHARE ANALYSIS 226
TABLE 204 MARKET SHARE ANALYSIS OF PRECISION FERMENTATION INGREDIENTS MARKET, 2022 227
12.6 COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022 227
12.6.1 STARS 228
12.6.2 EMERGING LEADERS 228
12.6.3 PERVASIVE PLAYERS 228
12.6.4 PARTICIPANTS 228
FIGURE 56 PRECISION FERMENTATION INGREDIENTS MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022 229
12.6.5 KEY PLAYER PRODUCT FOOTPRINT 230
TABLE 205 COMPANY FOOTPRINT, BY INGREDIENT 230
TABLE 206 COMPANY FOOTPRINT, BY MICROBE 230
TABLE 207 COMPANY FOOTPRINT, BY END USE 231
TABLE 208 COMPANY FOOTPRINT, BY FOOD & BEVERAGES APPLICATION 231
TABLE 209 COMPANY FOOTPRINT, BY REGION 232
TABLE 210 OVERALL COMPANY FOOTPRINT 232
12.7 COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2022 233
12.7.1 PROGRESSIVE COMPANIES 233
12.7.2 STARTING BLOCKS 233
12.7.3 RESPONSIVE COMPANIES 233
12.7.4 DYNAMIC COMPANIES 233
FIGURE 57 PRECISION FERMENTATION INGREDIENTS MARKET: COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2022 234
TABLE 211 PRECISION FERMENTATION INGREDIENTS MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 235
12.8 COMPETITIVE SCENARIO 236
12.8.1 PRODUCT LAUNCHES 236
TABLE 212 PRECISION FERMENTATION INGREDIENTS MARKET: PRODUCT LAUNCHES, 2019–2023 236
TABLE 213 PRECISION FERMENTATION INGREDIENTS MARKET: DEALS, 2019–2023 239
TABLE 214 PRECISION FERMENTATION INGREDIENTS MARKET: OTHER DEVELOPMENTS, 2017–2023 243
13 COMPANY PROFILES 248
13.1 KEY PLAYERS 248
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view, Key strengths, Strategic choices made, Weaknesses and competitive threats) *
13.1.1 GELTOR 248
TABLE 215 GELTOR: BUSINESS OVERVIEW 248
TABLE 216 GELTOR: FUNDING OVERVIEW 248
TABLE 217 GELTOR: PRODUCTS OFFERED 249
TABLE 218 GELTOR: PRODUCT LAUNCHES 249
TABLE 219 GELTOR: DEALS 250
TABLE 220 GELTOR: OTHERS 250
13.1.2 PERFECT DAY, INC. 252
TABLE 221 PERFECT DAY, INC.: BUSINESS OVERVIEW 252
TABLE 222 PERFECT DAY, INC.: FUNDING OVERVIEW 252
TABLE 223 PERFECT DAY, INC.: PRODUCTS OFFERED 253
TABLE 224 PERFECT DAY, INC.: PRODUCT LAUNCHES 253
TABLE 225 PERFECT DAY, INC.: DEALS 253
TABLE 226 PERFECT DAY, INC.: OTHERS 254
13.1.3 THE EVERY CO. 256
TABLE 227 THE EVERY CO.: BUSINESS OVERVIEW 256
TABLE 228 THE EVERY CO.: FUNDING OVERVIEW 256
TABLE 229 THE EVERY CO.: PRODUCTS OFFERED 257
TABLE 230 THE EVERY CO.: PRODUCT LAUNCHES 257
TABLE 231 THE EVERY CO.: DEALS 257
TABLE 232 THE EVERY CO.: OTHERS 258
13.1.4 IMPOSSIBLE FOODS INC. 260
TABLE 233 IMPOSSIBLE FOODS INC.: BUSINESS OVERVIEW 260
TABLE 234 IMPOSSIBLE FOODS INC.: FUNDING OVERVIEW 260
TABLE 235 IMPOSSIBLE FOODS INC.: PRODUCTS OFFERED 261
TABLE 236 IMPOSSIBLE FOODS INC.: PRODUCT LAUNCHES 261
TABLE 237 IMPOSSIBLE FOODS INC.: DEALS 262
TABLE 238 IMPOSSIBLE FOODS INC.: OTHERS 263
13.1.5 MOTIF FOODWORKS, INC. 264
TABLE 239 MOTIF FOODWORKS, INC.: BUSINESS OVERVIEW 264
TABLE 240 MOTIF FOODWORKS, INC.: FUNDING OVERVIEW 264
TABLE 241 MOTIF FOODWORKS, INC.: PRODUCTS OFFERED 265
TABLE 242 MOTIF FOODWORKS, INC.: PRODUCT LAUNCHES 265
TABLE 243 MOTIF FOODWORKS, INC.: DEALS 266
TABLE 244 MOTIF FOODWORKS, INC.: OTHERS 266
13.1.6 IMAGINDAIRY LTD. 268
TABLE 245 IMAGINDAIRY LTD.: BUSINESS OVERVIEW 268
TABLE 246 IMAGINDAIRY LTD.: FUNDING OVERVIEW 268
TABLE 247 IMAGINDAIRY LTD.: PRODUCTS OFFERED 268
TABLE 248 IMAGINDAIRY LTD.: PRODUCT LAUNCHES 269
TABLE 249 IMAGINDAIRY LTD.: OTHERS 269
13.1.7 SHIRU INC. 270
TABLE 250 SHIRU, INC.: BUSINESS OVERVIEW 270
TABLE 251 SHIRU, INC.: FUNDING OVERVIEW 270
TABLE 252 SHIRU, INC.: PRODUCTS OFFERED 271
TABLE 253 SHIRU, INC.: PRODUCT LAUNCHES 271
TABLE 254 SHIRU, INC.: DEALS 271
TABLE 255 SHIRU, INC.: OTHERS 272
13.1.8 FORMO BIO 273
TABLE 256 FORMO BIO: BUSINESS OVERVIEW 273
TABLE 257 FORMO BIO: FUNDING OVERVIEW 273
TABLE 258 FORMO BIO: PRODUCTS OFFERED 273
TABLE 259 FORMO BIO: DEALS 274
TABLE 260 FORMO BIO: OTHERS 274
13.1.9 EDEN BREW 275
TABLE 261 EDEN BREW: BUSINESS OVERVIEW 275
TABLE 262 EDEN BREW: FUNDING OVERVIEW 275
TABLE 263 EDEN BREW: PRODUCTS OFFERED 275
TABLE 264 EDEN BREW: PRODUCT LAUNCHES 276
TABLE 265 EDEN BREW: DEALS 276
TABLE 266 EDEN BREW: OTHERS 276
13.1.10 CHANGE FOODS 278
TABLE 267 CHANGE FOODS: BUSINESS OVERVIEW 278
TABLE 268 CHANGE FOODS: FUNDING OVERVIEW 278
TABLE 269 CHANGE FOODS: PRODUCTS OFFERED 279
TABLE 270 CHANGE FOODS: OTHERS 279
13.1.11 NEW CULTURE 281
TABLE 271 NEW CULTURE: BUSINESS OVERVIEW 281
TABLE 272 NEW CULTURE: FUNDING OVERVIEW 281
TABLE 273 NEW CULTURE: PRODUCTS OFFERED 282
TABLE 274 NEW CULTURE: PRODUCT LAUNCHES 282
TABLE 275 NEW CULTURE: DEALS 282
TABLE 276 NEW CULTURE: OTHERS 283
13.1.12 HELAINA INC. 284
TABLE 277 HELAINA INC.: BUSINESS OVERVIEW 284
TABLE 278 HELAINA INC: FUNDING OVERVIEW 284
TABLE 279 HELAINA INC: PRODUCTS OFFERED 284
TABLE 280 HELAINA INC: OTHERS 285
13.1.13 MYCORENA 286
TABLE 281 MYCORENA: BUSINESS OVERVIEW 286
TABLE 282 MYCORENA: FUNDING OVERVIEW 286
TABLE 283 MYCORENA: PRODUCTS OFFERED 287
TABLE 284 MYCORENA: PRODUCT LAUNCHES 287
TABLE 285 MYCORENA: DEALS 287
TABLE 286 MYCORENA: OTHERS 288
13.1.14 MYCOTECHNOLOGY, INC 289
TABLE 287 MYCOTECHNOLOGY, INC: BUSINESS OVERVIEW 289
TABLE 288 MYCOTECHNOLOGY, INC: FUNDING OVERVIEW 289
TABLE 289 MYCOTECHNOLOGY, INC: PRODUCTS OFFERED 290
TABLE 290 MYCOTECHNOLOGY, INC: PRODUCT LAUNCHES 290
TABLE 291 MYCOTECHNOLOGY, INC: DEALS 291
TABLE 292 MYCOTECHNOLOGY, INC: OTHERS 291
13.1.15 FYBRAWORKS FOODS 292
TABLE 293 FYBRAWORKS FOODS: BUSINESS OVERVIEW 292
TABLE 294 FYBRAWORKS FOODS: FUNDING OVERVIEW 292
TABLE 295 FYBRAWORKS FOODS: PRODUCTS OFFERED 292
13.1.16 REMILK LTD. 294
TABLE 296 REMILK LTD.: BUSINESS OVERVIEW 294
TABLE 297 REMILK LTD.: FUNDING OVERVIEW 294
TABLE 298 REMILK LTD.: PRODUCTS OFFERED 294
TABLE 299 REMILK LTD.: DEALS 295
TABLE 300 REMILK LTD.: OTHERS 295
13.1.17 TRITON ALGAE INNOVATIONS 297
TABLE 301 TRITON ALGAE INNOVATIONS: BUSINESS OVERVIEW 297
TABLE 302 TRITON ALGAE INNOVATIONS: FUNDING OVERVIEW 297
TABLE 303 TRITON ALGAE INNOVATIONS: PRODUCTS OFFERED 297
TABLE 304 TRITON ALGAE INNOVATIONS: PRODUCT LAUNCHES 298
TABLE 305 TRITON ALGAE INNOVATIONS: DEALS 298
13.1.18 MELT&MARBLE 299
TABLE 306 MELT&MARBLE: BUSINESS OVERVIEW 299
TABLE 307 MELT&MARBLE: FUNDING OVERVIEW 299
TABLE 308 MELT&MARBLE: PRODUCTS OFFERED 299
TABLE 309 MELT&MARBLE: PRODUCT LAUNCHES 300
TABLE 310 MELT&MARBLE: OTHERS 300
13.1.19 REVYVE 301
TABLE 311 REVYVE: BUSINESS OVERVIEW 301
TABLE 312 REVYVE: FUNDING OVERVIEW 301
TABLE 313 REVYVE: PRODUCTS OFFERED 301
TABLE 314 REVYVE: DEALS 302
TABLE 315 REVYVE: OTHERS 302
13.1.20 NOURISH INGREDIENTS PTY LTD. 304
TABLE 316 NOURISH INGREDIENTS PTY LTD: BUSINESS OVERVIEW 304
TABLE 317 NOURISH INGREDIENTS PTY LTD: FUNDING OVERVIEW 304
TABLE 318 NOURISH INGREDIENTS PTY LTD: PRODUCTS OFFERED 304
TABLE 319 NOURISH INGREDIENTS PTY LTD: DEALS 305
TABLE 320 NOURISH INGREDIENTS PTY LTD: OTHERS 305
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view, Key strengths, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 ADJACENT & RELATED MARKETS 306
14.1 INTRODUCTION 306
14.2 DAIRY ALTERNATIVES MARKET 306
14.2.1 LIMITATIONS 306
14.2.2 MARKET DEFINITION 306
14.2.3 MARKET OVERVIEW 307
14.2.4 DAIRY ALTERNATIVES MARKET, BY SOURCE 307
TABLE 321 DAIRY ALTERNATIVES MARKET, BY SOURCE, 2016–2021 (USD MILLION) 307
TABLE 322 DAIRY ALTERNATIVES MARKET, BY SOURCE, 2022–2027 (USD MILLION) 308
14.2.5 DAIRY ALTERNATIVES MARKET, BY REGION 308
TABLE 323 DAIRY ALTERNATIVES MARKET, BY REGION, 2016–2021 (USD MILLION) 308
TABLE 324 DAIRY ALTERNATIVES MARKET, BY REGION, 2022–2027 (USD MILLION) 309
TABLE 325 DAIRY ALTERNATIVES MARKET, BY REGION, 2016–2021 (MILLION LITERS) 309
TABLE 326 DAIRY ALTERNATIVES MARKET, BY REGION, 2022–2027 (MILLION LITERS) 309
14.3 CULTURED MEAT MARKET 310
14.3.1 LIMITATIONS 310
14.3.2 MARKET DEFINITION 310
14.3.3 MARKET OVERVIEW 310
14.3.4 CULTURED MEAT MARKET, BY SOURCE 310
TABLE 327 OPTIMISTIC SCENARIO: CULTURED MEAT MARKET, BY SOURCE, 2021–2032 (USD MILLION) 311
TABLE 328 OPTIMISTIC SCENARIO: CULTURED MEAT MARKET, BY SOURCE, 2021–2032 (TONS) 311
TABLE 329 REALISTIC SCENARIO: CULTURED MEAT MARKET, BY SOURCE, 2021–2032 (USD MILLION) 312
TABLE 330 REALISTIC SCENARIO: CULTURED MEAT MARKET, BY SOURCE, 2021–2032 (TONS) 312
TABLE 331 PESSIMISTIC SCENARIO: CULTURED MEAT MARKET, BY SOURCE, 2021–2032 (USD MILLION) 313
TABLE 332 PESSIMISTIC SCENARIO: CULTURED MEAT MARKET, BY SOURCE, 2021–2032 (TONS) 313
14.4 MEAT SUBSTITUTES MARKET 314
14.4.1 LIMITATIONS 314
14.4.2 MARKET DEFINITION 314
14.4.3 MARKET OVERVIEW 314
14.4.4 MEAT SUBSTITUTES MARKET, BY PRODUCT 315
TABLE 333 MEAT SUBSTITUTES MARKET, BY PRODUCT, 2017–2020 (USD MILLION) 315
TABLE 334 MEAT SUBSTITUTES MARKET, BY PRODUCT, 2021–2027 (USD MILLION) 315
14.4.5 COVID-19 IMPACT ON MEAT SUBSTITUTES MARKET, BY PRODUCT 316
14.4.5.1 Optimistic scenario 316
TABLE 335 OPTIMISTIC SCENARIO: MEAT SUBSTITUTES MARKET, BY PRODUCT, 2019–2022 (USD MILLION) 316
14.4.5.2 Realistic scenario 316
TABLE 336 REALISTIC SCENARIO: MEAT SUBSTITUTES MARKET, BY PRODUCT, 2019–2022 (USD MILLION) 316
14.4.5.3 Pessimistic scenario 317
TABLE 337 PESSIMISTIC SCENARIO: MEAT SUBSTITUTES MARKET, BY PRODUCT, 2019–2022 (USD MILLION) 317
15 APPENDIX 318
15.1 DISCUSSION GUIDE 318
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 322
15.3 CUSTOMIZATION OPTIONS 324
15.4 RELATED REPORTS 324
15.5 AUTHOR DETAILS 325
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