GITNUX MARKETDATA REPORT 2024

Precision Fermentation Industry Statistics

Precision fermentation industry statistics provide insights into the market size, growth trends, key players, and future opportunities within the burgeoning sector.

Statistic 1

"The global fermentation chemicals market size was valued at $4.7 billion in 2019."

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Statistic 2

"The fermentation chemicals market is expected to reach $7.9 billion by 2027."

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Statistic 3

"The fermentation chemicals industry is expected to grow at a CAGR of 5.7% from 2020 to 2027."

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Statistic 4

"Europe contributed to the highest share in 2019, holding more than one-third of the global fermentation chemicals market."

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Statistic 5

"The fermentation products market in Asia-Pacific is projected to grow at the fastest CAGR of 6.3% from 2020 to 2027."

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Statistic 6

"The annual growth rate of precision fermentation products is set to be between 10-20%."

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Statistic 7

"By 2030 the market of precision fermentation products is expected to be approximately $1 trillion."

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Statistic 8

"Precision fermentation is projected to be cheaper than traditional methods of producing proteins by 2021."

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Statistic 9

"Precision fermentation will make animal-free dairy proteins at below commodity prices by 2023."

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Statistic 10

"By 2030, modern food products will be higher quality and cost less than half as much to produce as the animal-derived products they replace."

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Statistic 11

"By 2035, precision fermentation could be used to produce 90% of the protein consumed in the US."

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Statistic 12

"In 2020, precision fermentation was 99% cheaper than in 2000."

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Statistic 13

"Commodity price for proteins produced by precision fermentation will be less than $2/Kg by 2025."

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Statistic 14

"Precision fermentation is likely to lead to a collapse of the livestock industry by 2035."

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Statistic 15

"Precision fermentation industry attracts more than $1.5 billion in venture capital."

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Statistic 16

"Enzymes segment constituted more than one-third of the global fermentation chemicals market in 2019."

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Statistic 17

"The pharmaceutical application is expected to grow at a CAGR of 6.1% from 2020 to 2027 in the fermentation chemicals market."

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Statistic 18

"The industrial applications segment accounted for the largest share, contributing to nearly two-thirds of the total share of the global fermentation chemicals market in 2019."

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Statistic 19

"More than one-third of the fermentation chemicals market share was Industrial applications in 2019."

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Statistic 20

"60% of the world's vanilla comes from precision farming."

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