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), Region, Competition, Forecast & Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUnited 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), Region, Competition, Forecast & Opportunities, 2018-2028F
, Every Co., formerly known as Clara Foods, received USD175 million Series C funding which was headed by Rage Capital and new investor McWin. Temasek, the Wheatsheaf Group of Grosvenor, TO Ventures, and Prosus Ventures are other investors of the company. The latest round raised the funding to USD 233 Million.
Growing Adoption of Vegan Lifestyle
The expansion of the Precision Fermentation market in the United States will be attributed to the rising popularity of vegan cuisine. Customers choose products created without using animals because there is increased public concern about how animals are treated in the food sector. To meet the demands of the vegan community, many businesses are introducing plant-based products in the market that contain substances devoid of animals from many sources, including microorganisms and plants. Using precision fermentation eliminates the need to use animal products as components. Usage of precision fermentation on a large scale can be very effective, in addition to the advantages for animal welfare, the environment, and public health. Precision fermentation solves the issue of animal exploitation. It’s vegan. Precision fermentation made veganism much more accessible by enabling delicious new products.
Increasing Concerns Toward Environment
Precision Fermentation process, which uses less water and land to manufacture specialised nutrients like casein, gelatin, and vitamins, helps in significantly reducing the carbon footprint. Resource-intensive industrial animal agriculture exacerbates some of the planet's most significant issues, such as land conversion, environmental degradation, and climate change. Global livestock emissions make for 14.5% of all anthropogenic greenhouse gas emissions today, according to research by the UN's Food and Agricultural Organization (FAO). Industrial animal husbandry also poses serious health risks to the population since it has the potential to increase antibiotic resistance and create environments that are conducive to the development of zoonotic diseases like COVID-19.
Supportive Government Initiatives
The United States' potential role in protein production can be determined by the federal government's decision to implement alternative protein policies. The United States Department of Agriculture was the first government to invest USD10 million in Tuft’s University to scale up cellular food production in October 2021. All these initiatives by the government are expected to create lucrative opportunities for the growth of United States Precision Fermentation Market.
Market Segmentation
Market Players
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · By Ingredients Produced · By Microbes · By End User · By Region |
| Regional scope | North-East; Mid-West; West; South |
| Key companies profiled | 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 |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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