According to a recent research, Industry revenue for Precision Fermentation is expected to rise to $25.8 billion by 2030 from $2.7 billion of 2023. The revenue growth of industry players is estimated to average at 38.3% annually for period 2023 to 2030. Growing end-industry applications in major countries like U.S., Germany and Japan, is driving the market demand high.
Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Type (Microbial, Algal, Fungal), Application (Food & Beverage, Pharmaceuticals, Industrial) and Process (Batch, Continuous, Fed-batch).
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North America and Europe are the two most active and leading regions in the market. The increasing desire, for eco efficient manufacturing methods is speeding up the use of precise fermentation technologies.
With challenges like regulatory barriers, scale-up costs and market penetration, Precision Fermentation marketโs supply chain from input suppliers to end-users is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Brazil, South Africa and Australia for revenue diversification and TAM expansion. Enhanced initiatives to inform the public about the advantages of biobased products in order to boost their popularity and increase demand.
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The Precision Fermentation market is characterized by intense competition, with a number of leading players such as Novozymes, DSM, Perfect Day, Geltor, Sigma-Aldrich, Thermo Fisher, Sartorius and Eppendorf. These players are pushing & penetrating the market with their strategies.
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