Making Food with Microbes: Precision Fermentation Market to Reach $34.9 billion by 2031
Growing investments in precision fermentation and the increasing demand and preference for animal-free dairy, meat, and ingredients are contributing to the growth (reported to be at an incredible CAGR of 40.5%) and expansion of this technology into the F&B, cosmetics, and pharmaceutical industries. The reason for the excitement toward this technology is its potential to produce superior-quality proteins at a lower cost compared to animal-based alternatives. It allows the development of animal-free versions of cheese, ice cream, honey, meat, and other well-loved foods, attracting interest from investors and entrepreneurs. Additionally, precision fermentation could minimize the environmental impact of food and ingredients production, as it reduces animal farming and its carbon footprint, helping to fight the climate crisis. Moreover, since it’s an indoor method, it eliminates …
