The growth of the India Precision Fermentation Market during the forecast period of 2024-2028 is expected to be driven by the rising demand for plant-based products and increased investments in research and development.
According to TechSci Research report, “India Precision Fermentation Market – By Region, Competition Forecast and Opportunities, 2018-2028,” India Precision Fermentation Market is anticipated to grow at a steady rate in the forecast period, 2024-2028. This can be attributed to the rising demand for plant-based products, government initiatives, increasing investment in research and development, growing demand for food ingredients, and increasing adoption of precision fermentation in healthcare.
The precision fermentation market in India is a rapidly growing industry that involves the use of microorganisms to produce a wide range of products, including food ingredients, pharmaceuticals, and biomaterials. Precision fermentation technology offers a sustainable and cost-effective solution for producing these products, with reduced use of resources like land, water, and energy.
The market is driven by the growing demand for sustainable and natural products in the food and beverage, pharmaceutical, and other industries. Technological advancements, such as high-throughput screening, genetic engineering, automation, artificial intelligence, continuous fermentation, and integrated bioprocessing, have played a significant role in the growth of the precision fermentation market in India. With the continued development of new technologies, the precision fermentation market in India is expected to continue growing in the coming years.
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The India Precision Fermentation Market can be segmented by ingredient produced, by microbe, by end user industry, by region and competitive landscape.
The India Precision Fermentation Market can be divided into Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others, based on ingredients produced. Whey and casein protein segment is likely to dominate the India precision fermentation market due to several reasons, including their high nutritional value and versatility in various applications. Whey protein is a byproduct of cheese production and is rich in essential amino acids, making it a highly sought-after protein supplement in the fitness and sports nutrition industries. Whey protein is also used in food and beverage formulations as an emulsifier, stabilizer, and texturizer.
Casein protein, on the other hand, is a slow-digesting protein found in milk and is often used as a supplement to support muscle recovery and growth. Casein protein is also used in food and beverage formulations as a thickener, emulsifier, and stabilizer. Furthermore, precision fermentation technology has enabled the production of high-quality whey and casein protein at a lower cost and in a more sustainable manner than traditional methods. This has resulted in increased demand for these proteins and made them more accessible to consumers in India.
The India Precision Fermentation Market is divided into Yeast, Algae, Bacteria, Others, based on microbe. Yeast will dominate the India precision fermentation market due to several reasons, including its versatility, widespread use in various industries, and cost-effectiveness. Yeast is a type of single-celled fungi that is widely used in the production of various products through precision fermentation, including bread, beer, wine, and biofuels. Yeast is also used in the production of enzymes, flavors, fragrances, and pharmaceuticals, making it a highly versatile organism for precision fermentation.
Furthermore, the cost-effectiveness of using yeast in precision fermentation is another reason for its dominance in the India market. Yeast is relatively inexpensive to produce, and the fermentation process is highly efficient, with a high yield of product for a relatively low cost. This has made yeast an attractive option for many industries seeking to reduce production costs.
Major companies operating in India Precision Fermentation Market are:
- String Bio Pvt Ltd
- Phyx44
- Novozymes India
- Perfect Day India Pvt. Ltd.
- Laurus Bio
- Zero Cow Factory
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“The precision fermentation market in India is rapidly growing owing to several factors, including the demand for sustainable and natural products, increasing investment in R&D, and technological advancements. However, the market also faces challenges, such as regulatory barriers, high initial costs, and a lack of consumer awareness.
The market is seeing an increasing focus on plant-based products, functional foods, and personalized nutrition. There is also a growing interest in using precision fermentation technology to produce alternative proteins, such as mycoproteins, which have the potential to revolutionize the food industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Precision Fermentation Market By Ingredient Produced (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein, Others), By Microbe (Yeast, Algae, Bacteria, Others), By End User Industry (Food & Beverage, Pharmaceutical, Cosmetic, Others), By Region, Competition Forecast & Opportunities, 2018-2028F,” has evaluated the future growth potential of India Precision Fermentation Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Precision Fermentation Market.
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