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The precision fermentation market size is forecast to increase by USD 26.67 billion at a CAGR of 62.93% between 2023 and 2028. The market is experiencing significant growth due to several key trends. Firstly, the rising popularity of veganism and plant-based diets among millennials is driving demand for vegan, animal-free protein sources. Secondly, increasing health consciousness among consumers is leading to a preference for clean-label, synthetic biology-derived products. Companies are at the forefront of this trend, using precision fermentation to produce sustainable, high-quality proteins. The market is expected to continue growing as consumers seek out innovative, sustainable, and healthier food options. Additionally, precision fermentation offers the potential for producing proteins with specific nutritional profiles, further expanding its appeal to health-conscious consumers. Overall, the market is poised for significant growth as it addresses the increasing demand for sustainable, animal-free, and healthier protein sources.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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