精密発酵原料市場:原料別(ホエイ&カゼインタンパク質、卵白、コラーゲンタンパク質、ヘムタンパク質)、微生物別(酵母、藻類、菌類、バクテリア)エンドユーザー別、食品&飲料用途別、地域別 - 2030年までの世界予測Precision Fermentation Ingredients Market by Ingredient (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein), Microbe (Yeast, Algae, Fungi, Bacteria) End User, Food & Beverage Application, and Region - Global Forecast to 2030 MarketsandMarketsによると、精密発酵原料の世界市場規模は2023年に28億米ドルと推定され、2030年には363億米ドルに増加すると予測され、金額ベースで44.0%の堅調なCAGRを示す。市場の拡大は、ADMやCult Foodの... もっと見る
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サマリーMarketsandMarketsによると、精密発酵原料の世界市場規模は2023年に28億米ドルと推定され、2030年には363億米ドルに増加すると予測され、金額ベースで44.0%の堅調なCAGRを示す。市場の拡大は、ADMやCult Foodのような企業からの投資家の関心の高まりによって、精密発酵産業に参入する新興企業の数が増加していることに起因している。精密発酵には実験室で栽培された原料が含まれるため、製品の商品化を早めるためには研究開発に多額の投資が必要となる。動物福祉に対する関心の高まり、環境の持続可能性、代替タンパク質の需要といった要因が、精密発酵原料市場の勢いに拍車をかけている。"最終用途別では、医薬品分野が予測期間中に第2位の市場シェアを占めると予測されている。" 医薬品セグメントは、複雑な治療用タンパク質、酵素、生物活性化合物の生産における精密発酵の可能性により、第2位の市場シェアを占めている。この技術は、バイオ医薬品の費用対効果が高くスケーラブルな生産を可能にし、従来の方法への依存を低減する。精密発酵は製品の特性を正確に制御し、高品質の生産物を保証する。さらに、個別化治療薬や希少疾患治療薬などの革新的な治療法の開発を可能にする。このような利点により、製薬会社は精密発酵に投資し、アンメット・メディカル・ニーズに対応し、医学の進歩を促進している。例えば、2021年には、米国のマッキンゼー社が、遺伝子配列の決定、編集、分析、自動化によって微生物宿主を最適化し、生物学的発酵を強化する先進技術を戦略的に採用している。これにより、発酵由来の原薬市場に革命が起こり、医薬品製造プロセスと収率が向上する可能性がある。規制上のハードルはあるものの、こうしたイノベーションは大きな価値と成長をもたらす可能性を秘めている。 "食品・飲料用途別では、予測期間中、肉・魚介類分野が第2位の市場シェアを占めると予測されている。" 世界の植物性食肉産業の著しい成長により、食肉代替品カテゴリーにおける植物性タンパク質の需要は急増する見通しである。Impossible Foods社、Motif FoodWorks社、Melt&Marble社などの業界大手は、ハンバーガー、脂肪、タンパク質などの精密発酵肉代替製品を発表している。さらに、既存の食肉・食品メーカーが関与することで、共同研究、投資、買収、発酵由来成分の取り込みを通じて、そのリソース、インフラ、流通網を活用し、業界の進歩を大幅に加速させることができる。 "原料の種類別では、ホエイ&カゼイン・プロテインが酵素に次いで第2位の市場シェアを占めている。" 乳製品から抽出されるホエイタンパク質は、高い消化性とアミノ酸バランスを誇り、スポーツ栄養や食品・飲料分野でよく使用される。そのニュートラルな風味は、味を変えることなく様々な製品に適応できる。しかし、持続可能で肉を使わない嗜好の台頭が技術革新を促し、乳製品を使わないチーズや植物由来のスポーツ栄養へとつながっている。新たな技術である精密発酵はこの需要に応え、従来の動物性原料を使用せずに乳清やその他の成分を提供する。これは進化する消費者の選択と一致し、精密発酵を変革的ソリューションとして位置づけている。 「微生物の種類別では、バクテリア分野が市場で最も高いCAGRを示すと予測されている。 細菌は、急速な成長、遺伝子組み換えの実行可能性、広範な代謝経路の操作などの利点を提供し、様々なバイオプロセスにおいて有用であることが証明されている。これらの特性により、研究者たちは、医薬品から持続可能な食品成分まで、幅広い価値ある化合物の標的生産に向けて細菌を工学的に改良することができる。微生物種に存在する広範な生物学的多様性とその無限の生合成能力は、発酵ベースの方法を通じて革新的な代替タンパク質ソリューションを生み出す大きな可能性を提供する。しかし、微生物由来のタンパク質は現在、従来の動物性タンパク質に匹敵するレベルの味、食感、費用対効果を達成しようと努力している。 「アジア太平洋地域は、精密発酵食品市場において最も高いCAGRを示すと予想される。 PETAのような団体を通じた動物福祉に対する意識の高まりが、肉を使わない食事へのシフトを後押ししている。アジア太平洋地域ではすでに非肉料理が普及しており、豆腐や豆をベースにした粥が広く消費されている。同地域における精密発酵卵代替食品の需要は、ベジタリアン食の普及と卵の価格上昇に後押しされている。さらに、これらの代替食品は低コレステロールや高タンパク質といった健康上の利点もある。この市場における重要なプレーヤーである中国は、代替タンパク質の研究開発を支援する戦略的計画を通じてコミットメントを示しており、精密発酵プロセスの進歩に対するこの地域の献身を示している。 精密発酵原料市場は地域別に分けられ、それぞれの地理的地域を包括的に検証している。これらの地域には、北米、欧州、アジア太平洋、南米、中東・アフリカが含まれる。 プライマリーの内訳 重要な質的・量的情報を入手・検証し、将来の市場展望を評価するため、様々な主要業界関係者、主題専門家、主要市場プレイヤーのCレベル幹部、業界コンサルタントなどの専門家に詳細なインタビューを実施した。一次インタビューの分布は以下の通りである: 企業タイプ別ティア1 30%、ティア2 45%、ティア3 25 役職別CXO-25%、マネージャー-50%、エグゼクティブ-25 地域別北米25%、欧州25%、アジア太平洋地域40%、アジア太平洋地域10 この市場の主なプレーヤーは、Geltor社(米国)、Perfect Day, Inc.社(米国)、The Every Co.社(米国)、Impossible Foods Inc.社(米国)などである。 調査範囲 この調査レポートは、精密発酵原料を原料別(ホエイ&カゼイン蛋白質、卵白、コラーゲンタンパク質、ヘム蛋白質、酵素、その他)、微生物別(酵母、藻類、菌類、バクテリア)、エンドユーザー別(食品&飲料、医薬品、化粧品、その他)食品&飲料用途別(肉&魚介類、乳製品代替品、卵代替品、その他)、地域別(北米、欧州、APAC、南米、中東&アフリカ)に分類しています。本レポートでは、精密発酵食品市場の成長に影響を与える促進要因、阻害要因、課題、機会などの主要要因に関する詳細情報を網羅しています。主要業界プレイヤーの詳細な分析により、事業概要、ソリューション、新製品発表、M&A、提携、契約、その他精密発酵原料市場における最近の動向に関する洞察を提供しています。精密発酵原料市場における今後の新興企業の競争分析も本レポートでカバーしています。 このレポートを購入する理由 本レポートは、精密発酵原料市場全体とサブセグメントの収益数の最も近い近似値に関する情報を提供し、市場リーダー/新規参入者に役立ちます。本レポートは、利害関係者が競争状況を理解し、より良い事業の位置付けと適切な市場参入戦略を計画するためのより多くの洞察を得るのに役立ちます。また、本レポートは、関係者が市場の脈動を理解し、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供するのに役立ちます。 本レポートでは、以下のポイントに関する洞察を提供しています: - 精密発酵素材市場の成長に影響を与える主要促進要因(健康志向の消費者、代替タンパク質の需要)、阻害要因(コスト効率、消費者の受容、競争)、機会(医薬品用途、異業種連携、環境上の利点、革新、製品の多様化)、課題(コスト効率、消費者の受容、競争)の分析 - 製品開発/イノベーション:精密発酵原料市場における今後の技術、研究開発活動、製品発売に関する詳細な洞察。 - 市場開発:有利な市場に関する包括的な情報 - 当レポートは、様々な地域にわたる精密発酵原料市場を分析しています。 - 市場の多様化:精密発酵食品市場における新製品、未開拓の地域、最近の開発、投資に関する徹底的な情報。 - 競争力の評価:Perfect Day, Inc.、Impossible Foods Inc.、Geltorなど、精密発酵食品市場における主要企業の市場シェア、成長戦略、サービス内容を詳細に評価します。 目次1 INTRODUCTION 421.1 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 PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION 169 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
SummaryAccording to MarketsandMarkets, the global precision fermentation ingredients market size is estimated to be valued at USD 2.8 billion in 2023, with a projected increase to USD 36.3 billion by 2030, showcasing a robust CAGR of 44.0% in terms of value. The market's expansion can be attributed to the growing number of startups venturing into precision fermentation industry, driven by heightened investor interest from companies like ADM and Cult Food. Given that precision fermentation involves lab-grown ingredients, it demands substantial investments in research and development to expedite product commercialization. Factors such as rising concern for animal welfare, environmental sustainability, and the demand for alternative proteins have spurred the market's momentum for precision fermentation ingredients. Table of Contents1 INTRODUCTION 421.1 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 PRECISION FERMENTATION INGREDIENTS MARKET, BY REGION 169 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
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