US Precision Fermentation Market Size Likely to Surpass at a CAGR of 28.1% By 2033

As per the current market research conducted by the CMI Team, the US Precision Fermentation Market size is expected to record a CAGR of 28.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 924.2 Million. By 2033, the valuation is anticipated to reach USD 8,584.7 Million.

US Precision Fermentation Market: Growth Factors and Dynamics

• Consumer Awareness and Acceptance: Consumer acceptance of precision fermentation, especially the possibility of such an application reducing animal farming and improving food security, is crucial.

• Regulatory Support and Innovation: The US supports regulatory policies and procedures with the approval of precision fermentation products and commercialization approval and incentives for new technologies in food security and sustainability.

• Expansion of Applications: Thus, giving the key concept of precision fermentation broad applicability to market growth is essential because it equally encompasses other areas. Some uses are in producing pharmaceuticals, biofuels, specialty chemicals, etc. This inclination towards different sectors leads to higher demand for the market opportunity.

• Rising Demand for Alternative Proteins: The need for ‘clean’ and ‘hygienically produced’ plan-based and lab-grown proteins is propelling precision fermentation as the method to develop new, clean-label, and functional protein-rich dairy- and meat-stand-ins.

• Advancements in Biotechnology: Fermentation biotechnology, gene and metabolic engineering have actively made it possible for precision to be a very efficient and flexible process that most manufacturers can use to produce virtually all forms of food and industrial products.

• Increased Focus on Sustainability: Precision fermentation creates new products due to the challenge of polluting food during conventional production. This technology leads to conservation, decreased emission, and assimilation of resources and green gases.

• Investment and Funding: Government agencies and venture capital firms have pledged and lined up cash to back precision fermentation technologies’ advancement, building, and expansion.

US Precision Fermentation Market: Partnership and Acquisitions

• In September 2024, Plant-based whole cut startup Juicy Marbles plans a US retail launch 2025, aiming for profitability by year end.

• In August 2024, Superlatus, a US food technology company that merged with pharmaceutical platform provider Trxade Health, agreed to acquire Perfect Day’s consumer-facing subsidiary, The Urgent Company. The deal will enable the combined company to enter new markets, expand market share, and accelerate the expansion of the retail footprint of the acquired brands. The acquired brands’ products are sold in more than 6,000 stores across the US, including Whole Foods, Thrive Market, Kroger, and Costco, as well as many independent markets nationwide.

• In July 2024, Onego Bio of the United States and Finland, which is developing an animal-free egg protein replacer, received €14 million in funding from the European Innovation Council Accelerator Programme and other Series A investors. The company is a US-Finland-based precision fermentation company.

Report Scope

US Precision Fermentation Market: COVID-19 Analysis

The COVID-19 pandemic drastically affects the US Precision Fermentation Market positively and negatively. Some such significant impacts are:

• Disruption in Supply Chain: The outbreak due to COVID-19 was so intense that it disrupted the global supply chains to a large extent, such that raw material availability and equipment accompanied by logistics impacted precision fermentation. This led to producer delays and cost additions.

• Investment and Capital: Global economic uncertainty pandemics resulted in less investment and capital into new emerging technologies like precision fermentation. This, therefore, resulted in slow research, development, and commercialization of new fermentation products.

• Increasing demand for Food Security: Exposure to the pandemics of the traditional food supply chain has upped the interest and investment into alternative food production methods that enhance food security and is already resonating with precision fermentation.

• Inventory Management and Supplier Diversification: The number of diversified suppliers and streamlined processes placed stable critical materials and equipment needed to manage precision fermentation operations.

• Government Support and Grants: Government support and grants: More government support and grants specifically targeting an upliftment of the biotechnology sector and sustainable food technologies have given much more financial impetus accompanied with resources to precision fermentation projects, which could contribute toward aiding recovery in the market.

• Expedited Regulatory Approvals: The coronavirus pandemic accelerated some key areas that argue for precision fermentation, the most important of which is expedited regulatory approvals. Regulating agencies have made approval procedures more streamlined for new food technologies and done safety assessments for innovative products so their entry into the market and commercialization can be prompt.

The COVID-19 pandemic has brought challenges, but with it, too, there are opportunities for the US Precision Fermentation Market.

List of the prominent players in the US Precision Fermentation Market:

• Perfect Day Inc.
• Ginkgo Bioworks Inc.
• Beyond Meat Inc.
• Impossible Foods Inc.
• Arzeda Corporation
• Evolva Holding SA
• Amyris Inc.
• Zymergen Inc.
• Novozymes A/S
• BASF SE
• DSM Biotechnology Center
• Kiverdi Inc.
• Synlogic Inc.
• Deep Branch Biotechnology
• Genomatica Inc.
• Others

The US Precision Fermentation Market is segmented as follows:

By Ingredient

• Whey & Casein Protein
• Egg White
• Collagen Protein
• Heme Protein
• Enzymes
• Others

By Application

• Meat & Seafood
• Dairy Alternatives
• Egg Alternatives
• Others

By Microbe

• Yeast
• Algae
• Fungi
• Bacteria
• Others