The Fermentation Enabled Alternative Protein Market Size is valued at 370.39 Mn in 2022 and is predicted to reach 1191.06 Mn by the year 2031 at an 14% CAGR during the forecast period for 2023-2031.
The alternative protein industry can be divided into three main areas: plant-based alternative proteins, cell-based alternative proteins, and fermentation-based alternative proteins. Fermentation-enabled alternative protein refers to the use of microorganisms such as yeast, algae, or fungi as a bioproduction platform. These microbes help produce flavours, sweeteners, enzymes, or other food ingredients. They can produce high-protein biomass that can be used to develop other meat and dairy products.
The fermentation-enabled alternative protein market players most commonly imply traditional biomass and precision fermentation. Plant-derived ingredients are created and processed by using microorganisms in traditional fermentation. Biomass fermentation effectively produces significant amounts of protein by utilising microorganisms' rapid growth and high protein content. Whereas specially designed microorganisms are used in precision fermentation to produce functional ingredients.
Various fermentation-enabled alternative protein industry players have attracted investments mainly due to a rise in flexitarians and demand for sustainable and high-quality protein sources. However, many consumers need to become more aware of and have safe & quality concerns with products produced from microorganisms. This may hamper the market growth.
In order to increase consumer awareness and preference, companies operating in this market will have to focus on familiarising consumers with the benefits of the technology and building trust in the safety & quality of their products. This may involve funding in marketing and advertising campaigns to raise consumer awareness.
Competitive Landscape:
Some of the Key Players in the Fermentation Enabled Alternative Protein Market:
- Better Dairy
- Bolder Foods
- Bosque Foods GmbH
- Clara Food
- Geltor
- Impossible Foods
- MeliBio
- Melt&Marble
- Mighty Drinks
- Tofurky (Aquired by Morinaga Nutritional Foods)
- Mycorena
- Nature’s Fynd
- Noblegen
- Noma
- NoPalm Ingredients
- Nourish Ingredients
- Nutropy
- Odontella
- Perfect Day
- Planterra
- Prime Roots
- Quorn
- Other Prominent Players
Market Segmentation:
The fermentation-enabled alternative protein market is segmented based on process and application. The process segment comprises precision fermentation, biomass fermentation, and traditional fermentation. Application segment includes Dairy, Meat, Egg white, and Others (beverages, Snacks and Cereals, fats & oils, Collagen, gelatin, Animal Feed, and Aquaculture).
By Process, Precision Fermentation Is Anticipated To Lead The Fermentation-Enabled Alternative Protein Market In The Next Few Years
The applications of precision fermentation in the alternative protein sector have been rising rapidly. Precision fermentation reduces the carbon footprint because less land and water are required to produce certain ingredients, such as beer, casein, gelatin, and vitamins. Microorganisms can use agricultural waste as a substrate for their growth, thus contributing to the circular economy. Due to the high multiplication rate of microbial, fungal or algae sources, large quantities of end-products can be obtained easily. This fermentation can produce any desired end product, leading to applications in food, agriculture, pharmaceutical, chemical, textile, and personal care industries. Boosting demand for protein worldwide, altering consumer tastes and preferences, and growing investments and innovations are some aspects that deepen the focus on the protein industry.
The Dairy Segment Accounts For Most Of The Fermentation-Enabled Alternative Protein Market
Factors driving this segment are the growing demand for dairy alternatives, sustainable & healthy protein sources, technological advancements, and increasing regulatory support.
Regionally, North America Captured The Highest Fermentation Enabled Alternative Protein Market Revenue In 2022
North America maintains the highest revenue share of the market due to the surging demand for sustainable, plant-based, and alternative dairy products. Furthermore, Europe is a significant market for fermentation-enabled alternative proteins, with Germany, UK, & France being the major contributors. Consumers in the region are becoming more conscious of the benefits of alternative proteins, and the demand for sustainable protein sources is projected to propel the demand for Fermentation Enabled Alternative Proteins in Europe. Asia-Pacific is also the most significant contributor to the global Fermentation Enabled Alternative Proteins market.
Fermentation Enabled Alternative Protein Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 370.39 Mn |
|
Revenue Forecast In 2031 |
USD 1191.06 Mn |
|
Growth Rate CAGR |
CAGR of 14 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Process, By Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Better Dairy, Bolder Foods, Bosque Foods GmbH, Clara Food, Geltor, Impossible Foods, MeliBio, Melt&Marble, Mighty Drinks, Tofurky (Aquired by Morinaga Nutritional Foods), Mycorena, Nature’s Fynd, Noblegen, Noma, NoPalm Ingredients, Nourish Ingredients, Nutropy, Odontella, Perfect Day, Planterra, Prime Roots, Quorn, and others |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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