Microbial Fermentation Alternative Protein Market
Microbial Fermentation Alternative Protein Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Microbial Fermentation Alternative Protein Market
Size and Growth
The Microbial Fermentation Alternative Protein market is experiencing significant growth, driven by rising demand for sustainable protein sources. The market size reached approximately $2 billion in 2023, with a projected CAGR of 13% through 2030. Increasing investments and innovations in microbial fermentation technologies are shaping competitive dynamics and consumer offerings.
Companies Covered
(Covid 19 Impact Covered)
◍ Nature's Fynd
◍ Air Protein
◍ MyForest Foods
◍ Perfect Day
◍ The EVERY Company
◍ Motif FoodWorks
◍ Quron
◍ Meati Food
◍ Change Foods
◍ New Culture
◍ Triton Algae Innovations
◍ Superbrewed Foods
◍ Noblegen
◍ Geltor
◍ Remilk
◍ Lanjia Biotechnology Company
◍ Changjin Biotechnology Company
The microbial fermentation alternative protein market features companies like Nature's Fynd, Air Protein, and Perfect Day, utilizing fermentation processes to create sustainable proteins. These firms innovate products, drive consumer interest, and expand market reach, contributing to industry growth. Revenue examples include:
- Perfect Day: $65 million (2021)
- Geltor: $50 million (2021)
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Market Segmentation
By Application
Meat
Dairy products
Others
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By Product
Traditional Fermentation
New Type Fermentation
Market Growth
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$ X Billion USD
