Precision fermentation Ingredient growth will required

Meticulous Research®—a leading global market research company, published a research report titled, 'Precision Fermentation Ingredients Market by Type (Whey & Casein Protein, Egg White, Collagen Protein, Enzymes), Microbe (Yeast, Algae, Filamentous Fungi), End User (Food and Beverage {Dairy Products}, Pharmaceutical Industry)— Global Forecast to 2031.'
Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5752?utm_source=article&utm_medium=social+&utm_campaign=product&utm_content=28-03-2024
According to this latest publication from Meticulous Research®, the global precision fermentation ingredients market is projected to reach $38.02 billion by 2031, at a CAGR of 43.5% from 2024 to 2031.The growth of the precision fermentation ingredients market is mainly driven by the growing population and rising awareness about the benefits of alternative protein, increasing inclination towards a vegan diet, and the growing focus on animal welfare. However, the high preference for animal-sourced products restricts the market growth to some extent.
Moreover, the rising demand for sustainable foods provides significant growth opportunities for the stakeholders operating in this market. However, the high production cost of ingredients is a major challenge for the players in this market.
Key Findings in the Precision Fermentation Ingredients Market Study:
In 2024, the Whey & Casein Protein Segment is Expected to Dominate the Precision Fermentation Ingredients Market
Based on type, the global precision fermentation ingredients market is segmented into whey & casein protein, egg white, collagen protein, heme protein, enzymes, and other ingredient types. In 2024, the whey & casein protein segment is expected to account for the largest share of the global precision fermentation ingredients market.