Microbial Fermentation Alternative Protein Market Size, Share, Growth, and Industry Growth, By Type (Traditional Fermentation and New Type Fermentation), By Application (Meat, Dairy products, and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Microbial Fermentation Alternative Protein Market REPORT OVERVIEW

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The global microbial fermentation alternative protein market size is expected to be USD 8 million in 2021 and market is projected to touch USD 257214.1 million by 2031, exhibiting a compound annual growth rate (CAGR) of 169.3% during the forecast period.

Microbial fermentation alternative proteins are non-meat proteins that can be found in a variety of organisms, including fungi, insects, and plants. Commonly utilized as a substitute for traditional animal-based proteins are proteins derived from plants, microorganisms, and insects. Dairy-free and meatless diets make use of substitute proteins such as meat analogs and various animal feed items. The demand for alternative proteins is anticipated to increase as a result of consumer interest in health, ethical issues, and low protein-calorie intake. Consumer awareness of the value of clean protein in a daily diet for sustaining power and controlling weight is expected to have a beneficial effect on the growth of the alternative protein industry.

Microbial fermentation alternative protein has the potential to be a cornerstone of the alternative protein sector, reducing manufacturing time and attracting significant investments, along with plant-based protein and cell-based meat. Plants and animals can take years to grow, yet bacteria can quadruple their biomass in only a few hours. The utilization of fungi, microalgae, bacteria, and other microorganisms as bio production platforms, or fermentation, has a long history in the production of food, according to a report by the Good Food Institute. Currently, it is used in the alternative protein market under three primary guises: classic, biomass, and precision fermentation. Traditional fermentation modifies and processes nutrients originating from plants using live microorganisms, resulting in foods with distinctive flavors, textures, and nutritional profiles.

COVID-19 Impact: Increase in Health Concerns during the Pandemic Boosted Market Growth

The microbial fermentation alternative protein market was greatly stimulated by the COVID-19 epidemic. Because of the pandemic, more people are aware of zoonotic viral illnesses, which can also be spread through cattle. Because alternative protein is so rich in macronutrients, micronutrients, and antioxidants, it can help lessen the symptoms of viral infections. From a manufacturing and distribution perspective, this business has had to deal with previously unheard-of levels of demand from both producers and customers, especially for a few products like meat alternatives and plant-based milk.

LATEST TRENDS

"Rising Health Consciousness to Boost the Market Growth"

Due to the surge in health consciousness, people are searching for nutritious and healthful foods. Fermented plant protein is one of these foods since it contains good bacteria that help balance the digestive tract and stomach acid. Fermented plant proteins are, therefore, a superb consumer good. The protein market is now worth billions of dollars worldwide. Additionally, producers are fast entering the market by launching a new category of fermented plant protein. The food and beverage sectors may potentially employ fermented plant proteins as additives to enhance the nutritional content of their goods. There is a sizable food and beverage business, and fermented plant proteins are anticipated to be in high demand worldwide.

Microbial Fermentation Alternative Protein Market Segmentation

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• By Type Analysis

By type, the market is segmented into traditional and new type fermentation.

• By Application Analysis

Based on application, the market is classified into meat, dairy products, and others.

DRIVING FACTORS

"Rising Vegan Population to Surge Product Demand"

The number of vegans is rising, which is anticipated to propel the growth of the market. Vegetarians prefer only plant-based proteins, especially in developed regions such as Europe and North America. The group of people intolerant to lactose or are mindful of the food they consume falls under the vegan category. The microbial fermentation alternative protein market growth is anticipated to be backed by the rise in the number of vegetarians and vegans and increasing health consciousness among the population. Moreover, with the rising awareness about the benefits of plant-based and healthy products, microbial fermentation alternative protein is expected to become a new trend. 

"Benefits Associated With the Product to Boost Market Growth"

Due to the surge in health consciousness, people are searching for foods that are nutritious and healthful. Fermented plant protein is one of these foods since it contains good bacteria that help keep the digestive tract and stomach acid in balance. Fermented plant proteins are, therefore, a superb consumer good. The protein market is now worth billions of dollars worldwide. Additionally, producers are fast entering the market by launching a new category of fermented plant protein. The food and beverage sectors may potentially employ fermented plant proteins as additives to enhance the nutritional content of their goods. There is a sizable food and beverage business, and fermented plant proteins are anticipated to be in high demand worldwide.

RESTRAINING FACTORS

"Low Awareness of the Product Benefits to Impede Growth"

The edible insects have a shortage of regulatory clarity in the food industry, which is anticipated to restrict growth in the market. Strict food regulations may also hinder growth. The population may experience allergies due to various alternative proteins such as insect and plant-based. These factors are forecasted to hamper the growth of the market.

Microbial Fermentation Alternative Protein Market REGIONAL INSIGHTS

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"Europe to Dominate the Market Due to the Increasing Number of Vegans in the Region"

Europe is forecasted to hold a major part of the microbial fermentation alternative protein market share owing to the rising number of vegans and vegetarians in the region. The region is expected to hold about 45% of the total market share.

North America is anticipated to hold significant growth in the global market due to the major presence of the lactose intolerant population. The region is expected to hold approximately 35% of the total microbial fermentation alternative protein market share.

Asia Pacific is most likely to show sizable growth in the global market due to the rising awareness about the importance of a healthy diet among the population. 

KEY INDUSTRY PLAYERS

"Key Players Focusing On Developing Advanced Alternative Protein to Gain Long-Term Growth"

Companies are focusing on product development by gaining collaborations and mergers in the global market. The key companies are emphasizing on developing advanced microbial fermentation alternative protein to gain constant growth in the market. Major players are also focusing on expanding their product portfolio by launching new products, which is expected to gain more customers.  The global marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• Nature's Fynd (U.S.)
• Air Protein (U.S.)
• MyForest Foods (U.S.)
• Perfect Day (U.S.)
• The EVERY Company (U.S.)
• Motif FoodWorks (U.S.)
• Quron (U.K.)
• Meati Food (U.S.)
• Change Foods (U.S.)
• New Culture (U.S.)
• Triton Algae Innovations (U.S.)
• Superbrewed Foods (U.S.)
• Noblegen (Canada)
• Geltor (U.S.)
• Remilk (Israel)
• Lanjia Biotechnology Company (China)
• Changjin Biotechnology Company (China)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research.

• The pandemic's aftereffects and the subsequent lockdown.
• The market's most recent trend is currently fueling expansion.
• The factors are most likely to stimulate market growth.
• The reasons the market is expected to grow more slowly.
• A comprehensive regional analysis of the market is conducted.
• Significant players and their business offices are also covered in the article.