Precision Fermentation Market - Databook 2025 to 2034

The global precision fermentation market size was evaluated at USD 3,220 million in 2024 and is expected to grow around USD 1,42,680 million by 2034, registering a CAGR of 46.1% from 2025 to 2034.

Highlights of the Precision Fermentation Market

• North America dominated the global market in 2024.
• Europe is anticipated to grow at the fastest rate in the market during the forecast period.
• By application, the dairy alternatives segment held a dominant presence in the market in 2024.
• By application, the meat & seafood segment underwent notable growth in the market during 2024.
• By ingredient, the whey & casein protein segment accounted for a considerable share of the market in 2024.
• By ingredient, the collagen protein segment is projected to experience the highest growth rate in the market between 2025 and 2034.
• By microbe, the bacteria segment led the market.
• By microbe, the algae segment is set to experience the fastest rate of market growth from 2025 to 2034.

Industry Valuation and Growth Rate Projection

Precision fermentation encompasses new biotechnological processes employed by microorganisms to ferment products such as pharmaceuticals, food ingredients, and specialty chemicals. These microorganisms typically include bacteria, fungi, and yeast. It is considered modern because it incorporates genetic engineering and synthetic biology. Additionally, it is environmentally and economically sustainable, scalable, and serves as an alternative to conventional methods. The demand for such products primarily drives the growth of the precision fermentation technology market. For example, in the food and beverage industry, sustainable and health-centered applications lead to plant-based proteins or dairy alternatives that have a lower environmental footprint, or lab-grown meat.

Furthermore, new economic models focused on time and cost efficiency, along with reduced reliance on traditional fermentation processes, have led to precision fermentation’s wide applications in biologics, especially enzymes, vaccines, and therapeutic proteins.

Moreover, the growing consumer and healthcare industry demand for sustainably manufactured products, advances in genetic engineering of yeast and fungi, their metabolic optimization, and controlled fermentation are expected to drive growth in the precision fermentation market during the forecast period. This biotechnology provides scalable, efficient, and environmentally sound solutions to meet future demand, precision fermentation will substantially influence the way industries operate.

Precision Fermentation Market: Stats and Figures

• Precision Fermentation has a total of 8 patents globally, out of which 2 have been granted. Of these 8 patents, more than 87% are active.
• EvodiaBio recently introduced a ground-breaking technology platform that uses precision fermentation to produce sustainable aromas for the food and beverage industry. Now, the ambitious company has secured 45 million Danish kroner in additional funding, equaling approximately $6.4 million.
• Vivici, an innovative ingredients company, is excited to announce that it has raised $35,429,487 in new funding a landmark achievement that accelerates our mission to make the promise of dairy protein from precision fermentation a commercial reality.

How AI Has Benefitted the Precision Fermentation Market

• AI has brought about a revolutionary change in the precision fermentation market, making it easier to design microbial strains, increasing productivity, and speeding up the development of sustainable food, beverage, and pharmaceutical products.
• AI algorithms assess vast genomic sequencing, laboratory experimentation data, and fermentation runs to identify the specific genetic edits for specific microorganisms.
• Predicting the best-performing microbial strains conducive to fermentation conditions is done with significantly greater accuracy compared to traditional trial-and-error approaches.
• Real-time monitoring and automation of fermentation systems allow for dynamic adjustments in temperature and pH while simultaneously modifying nutrient levels.
• AI will help identify additional applications of precision fermentation that diverse industries require, model consumption patterns, and forecast demand based on market research and R&D investments.

Industry Leader Announcements

• Nick Russell, SVP Business Incubation Group at Symrise:

“We share with EvodiaBio the same vision for a greener future and believe that the precision fermentation technology developed by the team will greatly contribute to a more sustainable flavor and fragrance industry, starting with non-alcoholic beer applications and with the potential to go much further.”

• Anna El Tahchy, Chief Technical Officer of Nourish Ingredients:

“We are the first in the precision fermentation industry to demonstrate the unbeatable cost of production at this scale.”

Geographical Insights

The global precision fermentation market is experiencing significant growth, with North America maintaining its position as the dominant region while APAC emerges as the fastest-growing market. Europe is expected to witness significant growth in the precision fermentation market.

North America

North America dominated the market because of increasing consumer demand for sustainable and plant-based alternatives. It comes from a region with a great ecosystem of innovation and supportive infrastructure that enables it to leap ahead in fermentation technologies and bring new products more efficiently to the market.

Europe

Europe is expected to witness remarkable growth because environmental concerns are gaining traction and there is a demand for alternative protein sources; precision fermentation meets both needs. It will enable proteins and other compounds to be created without the environmental burden associated with traditional animal farming. As climate change and sustainability become more of a growing concern, the market will grow further. Regulatory support and investment in states toward sustainable technology in food production would benefit most European countries.

APAC

Asia-Pacific is expected to be the fastest-growing region for the precision fermentation market, with a large population base now developing its middle-class segment and being rapidly urbanized. Government promotions for food security and sustainable agriculture, in conjunction with increasing investment in research and development, are accelerating growth in the market.

Recent Developments:

• In March 2025, Vivici, a Dutch ingredients start-up, launched its Vivitein BLG protein, a precision-fermented animal-free dairy protein, in the US market.
• In December 2024, Sterling Biotech Limited, a joint venture between Perfect Day and Zydus, began construction of the world's first precision fermentation-based dairy protein manufacturing facility in Bharuch, Gujarat.

Competitive Landscape

The Precision fermentation market is competitive, with leading companies such as Change Foods, Geltor, Helania Inc., Formo, FUMI Ingredients, Fybraworks Foods, Imagindairy Ltd, Eden Brew, Impossible Foods Inc., Melt & Marble, Motif Foodworks, Inc., Mycorena, Myco Technology, and New Culture. The global precision fermentation market faces intense competition due to evolving consumer preferences, innovation, and product development, with brand managers focusing on global market share and differentiation.

The market is dominated by several companies renowned for their significant contributions. Based on recent data, the top three companies are:

• Company Name: Eden Brew
• Year of Incorporation: 2021
• Headquarters: Melbourne, VIC, Australia

Eden Brew has raised $20.4M over 3 rounds. Eden Brew's latest funding round was a Series A for $15.4M on October 3, 2023.

• Company Name: Impossible Foods Inc
• Year of Incorporation: 2011
• Headquarters: Redwood City, California, USA

Impossible Foods' annual revenue was $239.6 million in 2025. The company has also raised a total of $3.1 billion in funding over 5 rounds, with their latest funding round of $500 million raised.

• Company Name: Motif Foodworks, Inc
• Year of Incorporation: 2018
• Headquarters: Boston, MA

Motif Foodworks, Inc. had raised a total of $344 million in funding. The company was acquired on May 18, 2022.