Marked 2 years 4 months ago onto Precision Fermentation Ingredients Market: Trends…
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Source:
https://www.marketsandmarkets.com/Market-Reports/precision-fermentation-market-30824914.html
Category:
Business
The global precision fermentation ingredients market size is estimated to be valued at USD 2.8 billion in 2023 and is projected to reach USD 36.3 billion by 2030, recording a CAGR of 44.0% by value. Changing consumer preferences towards veganism, increasing protein consumption, and rising investments in innovations are the major factors for market growth. Substantial breakthroughs in the genetic engineering space have enabled the cost-effective and sustainable reprogramming of microorganisms (synthetic biology) through precision fermentation to create a wide range of specialized food protein constituents.
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