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Precision Fermentation Ingredients Market Share

Report ID: GMI7531
Published Date: Nov 2023
Report Format: PDF

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Precision Fermentation Ingredients Market Share

Major players operating in the precision fermentation ingredients industry include:

Ginkgo Bioworks
Perfect Day
Motif FoodWorks
Impossible Foods
Clara Foods
Novozymes
Amyris
BlueNalu
Brightseed
Biomilq
Bolt Threads
Lygos
Enzymaster
KnipBio
Conagen

Novozymes, and Ginkgo Bioworks. Company have captured substantial market shares in the Asia pacific market, driven by companies in the Asia-Pacific region, driven by the surging demand for precision fermentation ingredients products, particularly in China and India. The Asia-Pacific region, the world's largest precision fermentation ingredients business, is poised for continued growth due to rapid economic development, urbanization, and increasing demand across industries such as paints and coatings, cosmetics, and pharmaceuticals. As leading producers, Novozymes, and Ginkgo Bioworks are well-positioned to cater to this escalating demand in the region.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for precision fermentation ingredients was valued at USD 2.2 billion in 2022 and is projected to reach over USD 79.7 billion by 2032, driven by rising calls for more environmentally friendly and superior grade ingredients across diverse sectors.

Food & Beverages segment held a dominant market share of around 44% in 2022 and is expected to grow at a lucrative pace by 2032 owing to wider adoption of precision fermentation techniques by companies, and increasing consumer demand for sustainable and plant-based food options.

U.S. dominated North American market with a valuation of USD 643.8 million in 2022 and is anticipated to expand at a significant pace from 2023-2032 driven by the rising acceptance of vegetable-based fermentation ingredients, indicating an increase in consumer demand for green & eco-friendly products.

Ginkgo Bioworks, Perfect Day, Motif FoodWorks, Impossible Foods, Clara Foodsare some of the major industry contenders.