Agriculture Industry Reports

In the Asia-Pacific, collaborations between local and multinational players, research bodies, and governments drive precision fermentation innovation and market growth. According to TechSci Research report,  “ Precision Fermentation Market  - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2019-2029F ” , the Global Precision Fermentation market stood at USD 588.37 in 2021 and is anticipated to grow with a CAGR of 33.01% in the forecast period, 2025-2029. The major factors driving the growth of Precision Fermentation Market include decreasing dependency on animal-based food, growing adoption of being vegan, Cultured meat production. Significant advancements in biotechnology and genetic engineering have paved the way for the development of precision fermentation technologies. These technologies enable precise control and manipulation of microorganisms to produce desired proteins and ingredients with enhanced functionalities. The capability to op...

Growing veganism and reduced reliance on animal-based food are driving the precision fermentation market. According to TechSci Research report,  “ Precision Fermentation Market  - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027 ” , the Global Precision Fermentation market stood at USD 293.75 in 2021 and is anticipated to grow with a CAGR of 38.73% in the forecast period, 2024-2027. The major factors driving the growth of Precision Fermentation Market include decreasing dependency on animal-based food, growing adoption of being vegan, Cultured meat production. Precision Fermentation is microorganisms' genetic modification and fermentation to create organic molecules. The products produced through the process will be cheaper in the future than those produced from animals. Precision fermentation does not depend upon climatic changes. The food items produced from precision fermentation are regulated like any other food ingredient. As these pr...