Animal free dairy is expected to drive the growth of United States Precision Fermentation Market in the forecast period.
According to TechSci Research report, “United States Precision Fermentation Market –Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the United States Precision Fermentation Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the growing investments in precision fermentation industry. Companies based in the United States raised the vast majority of investments. The largest concentration of companies is in the United States, with 31 fermentation companies operating here. All the companies are working on precision fermentation with an initiative for animal-free meat, eggs, and dairy production.
Additionally, increasing awareness among the population related to the disruption of livestock across the country is further expected to support the market growth in the coming years. The population is more focused towards adapting vegan lifestyle to prevent livestock harm.
However, precision fermentation demands regular monitoring for the analysis of microorganism DNA sequences. Even a small error in the DNA sequence analysis can alter proteins, producing undesirable results. Similarly, over the projection period, the United States precision fermentation market will face challenges due to a lack of knowledge about precision fermentation and a shortage of professionals with the necessary skills.
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The United States Precision Fermentation Market can be segmented by ingredients produced, by microbes, by end user and by region.
Based on ingredients produced, the United States Precision Fermentation Market can be segmented into whey & casein protein, egg white, collagen protein, heme protein, and others. Whey & casein protein segment dominated the market in 2022 and is expected to continue maintaining its dominance through 2028 on account of the growing use of precision fermentation technique to produce whey & casein protein. Through precision fermentation, companies have been successful in producing proteins with similar texture and taste. Additionally, the whey & casein protein produced by precision fermentation fermentation increase the shelf life of the eatables and maintain the sterility of the products.
Based on end user, the United States Precision Fermentation Market can be further segmented into Food & Beverage, Pharmaceutical, Cosmetic, Other. Due to the rise in the number of people who consume meat, the food and beverage category dominated the market in 2022 and is predicted to continue to do so during the forecast period. Precision fermentation is heavily influenced by the cultured meat trend because so many food manufacturers are shifting more and more toward producing cultured meat.
Major companies operating in United States Precision Fermentation Market are:
- New Culture Inc.
- Perfect Day, Inc.
- Triton Algae Innovations
- Change Foods, Inc
- Imposible Foods Inc.
- Motif FoodWorks, Inc.
- The Every Company
- Geltor, Inc
- Better Dairy
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“The engagement of new firms in the future as it is the trend to manufacture cultured meat and animal free dairy is likely to create new prospects for the growth of United States Precision Fermentation Market during the forecast period. The future expansion of the United States Precision Fermentation Market is also attributed to the development of novel protein production systems. Besides, increasing number of startup companies in the region which are working for development of food products based on precision fermentation technique is expected to create lucrative opportunities for the market growth in the coming years” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Precision Fermentation Market By Ingredients Produced (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others), By Microbes (Yeast, Algae, Bacteria, Others), By End User (Food & Beverage, Pharmaceutical, Cosmetic, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of United States Precision Fermentation Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Precision Fermentation Market.