Bright Green Partners, a global consulting firm focused on alternative proteins, has released a new comprehensive guide for large corporations on the subject of precision fermentation ingredients. The report covers the possible applications of these microbe-derived ingredients to make alternative proteins — including meat, dairy, and egg alternatives — and their economic prospects.
“Precision fermentation presents a unique opportunity”
According to the firm, its new corporate guide offers valuable insights to enable alternative protein decision-makers from biotech, biopharma, food and beverage, and ingredient companies to harness the benefits of precision fermentation and drive the global transition toward sustainable food production.
A unique opportunity
Bright Green Partners works with food and biotech companies and governments to help them navigate the emerging plant-based, fermentation-derived, and cultivated meat and dairy industries. They provide strategy, innovation, and operational consulting from initial market exploration to large-scale production.
“Precision fermentation presents a unique opportunity for large corporations to capitalize on the growing demand for sustainable and alternative food sources, ultimately driving significant economic growth and environmental benefits,” says Floor Buitelaar, managing partner of Bright Green Partners.
Driving innovation
Bright Green Partners says precision fermentation is the most mature alternative protein technology after modern plant-based analogs and biomass fermentation. It brings advancements from the biopharma industry to the food ingredients market, opening new opportunities for product development.
To date, most precision fermentation companies work on dairy applications, with the total alt dairy startup funding received to date exceeding $1 billion.
Besides dairy, the report summarises the latest developments and opportunities in the market today. It highlights various applications in alternative meat and egg proteins, including profiles on ingredient developers, their products, and approval status.
Furthermore, the report covers business opportunities and the importance of partnerships, highlighting multiple partnership examples.
“Partnerships are crucial for the success of precision fermentation technology in food applications, as they bring together the expertise of biotech and food & beverage companies. We see strategic partnerships, corporate investment, and joint ventures as the main options for collaboration, enabling companies to leverage their strengths and drive innovation,” adds Buitelaar.
Sustainable food systems
Additionally, the consulting firm says that precision fermentation presents a range of advantages for corporates, such as reducing environmental impact, addressing untapped consumer needs, increasing supply chain resilience, and reducing costs.
“The successful integration of precision fermentation technology within large corporations could lead to the development of innovative products, cost reduction, and sustainable food systems, positioning them at the forefront of a rapidly evolving industry landscape,” Buitelaar concludes.
The guide is available for download at Bright Green Partners.
