The global precision fermentation market is expected to grow at a CAGR of 33.01% from 2023 to 2029, driven by increasing demand for sustainable and alternative protein sources. Precision fermentation is the process of using microorganisms to create various products, such as food ingredients, drugs, and biofuels. The method uses genetically modified microorganisms to maximum production processes and product quality, unlike traditional fermentation which uses natural organisms. The growing use of alternative protein sources, such as plant-based and lab-grown products, is a major driver of the market. Precision fermentation allows for the production of plant-based proteins, dairy alternatives, and cultured meat, which are sustainable and can meet the growing demand for protein without the need for animal husbandry. The market is also expected to expand into new applications, including cosmetics, textiles, and agriculture, where precision fermentation can provide sustainable and eco-friendly alternatives to traditional methods. Overall, precision fermentation is expected to play a key role in the development of sustainable and alternative products that meet the growing demand for healthy, personalized, and sustainable food and other products.
The world of precision fermentation is making headlines with the latest news in the field.
