The global precision fermentation market size was evaluated at USD 3,220 million in 2024 and is expected to grow around USD 1,42,680 million by 2034, registering a CAGR of 46.1% from 2025 to 2034.
| Industry Worth | Details |
| Market Size in 2025 | USD 4,700 Million |
| Market Size by 2034 | USD 1,42,680 Million |
| Market Growth Rate from 2025 to 2034 | CAGR of 46.1% |
Precision fermentation encompasses new biotechnological processes employed by microorganisms to ferment products such as pharmaceuticals, food ingredients, and specialty chemicals. These microorganisms typically include bacteria, fungi, and yeast. It is considered modern because it incorporates genetic engineering and synthetic biology. Additionally, it is environmentally and economically sustainable, scalable, and serves as an alternative to conventional methods. The demand for such products primarily drives the growth of the precision fermentation technology market. For example, in the food and beverage industry, sustainable and health-centered applications lead to plant-based proteins or dairy alternatives that have a lower environmental footprint, or lab-grown meat.
Furthermore, new economic models focused on time and cost efficiency, along with reduced reliance on traditional fermentation processes, have led to precision fermentation’s wide applications in biologics, especially enzymes, vaccines, and therapeutic proteins.
Moreover, the growing consumer and healthcare industry demand for sustainably manufactured products, advances in genetic engineering of yeast and fungi, their metabolic optimization, and controlled fermentation are expected to drive growth in the precision fermentation market during the forecast period. This biotechnology provides scalable, efficient, and environmentally sound solutions to meet future demand, precision fermentation will substantially influence the way industries operate.
“We share with EvodiaBio the same vision for a greener future and believe that the precision fermentation technology developed by the team will greatly contribute to a more sustainable flavor and fragrance industry, starting with non-alcoholic beer applications and with the potential to go much further.”
“We are the first in the precision fermentation industry to demonstrate the unbeatable cost of production at this scale.”
The global precision fermentation market is experiencing significant growth, with North America maintaining its position as the dominant region while APAC emerges as the fastest-growing market. Europe is expected to witness significant growth in the precision fermentation market.
North America
North America dominated the market because of increasing consumer demand for sustainable and plant-based alternatives. It comes from a region with a great ecosystem of innovation and supportive infrastructure that enables it to leap ahead in fermentation technologies and bring new products more efficiently to the market.
Europe
Europe is expected to witness remarkable growth because environmental concerns are gaining traction and there is a demand for alternative protein sources; precision fermentation meets both needs. It will enable proteins and other compounds to be created without the environmental burden associated with traditional animal farming. As climate change and sustainability become more of a growing concern, the market will grow further. Regulatory support and investment in states toward sustainable technology in food production would benefit most European countries.
APAC
Asia-Pacific is expected to be the fastest-growing region for the precision fermentation market, with a large population base now developing its middle-class segment and being rapidly urbanized. Government promotions for food security and sustainable agriculture, in conjunction with increasing investment in research and development, are accelerating growth in the market.
The Precision fermentation market is competitive, with leading companies such as Change Foods, Geltor, Helania Inc., Formo, FUMI Ingredients, Fybraworks Foods, Imagindairy Ltd, Eden Brew, Impossible Foods Inc., Melt & Marble, Motif Foodworks, Inc., Mycorena, Myco Technology, and New Culture. The global precision fermentation market faces intense competition due to evolving consumer preferences, innovation, and product development, with brand managers focusing on global market share and differentiation.
The market is dominated by several companies renowned for their significant contributions. Based on recent data, the top three companies are:
Eden Brew has raised $20.4M over 3 rounds. Eden Brew's latest funding round was a Series A for $15.4M on October 3, 2023.
Impossible Foods' annual revenue was $239.6 million in 2025. The company has also raised a total of $3.1 billion in funding over 5 rounds, with their latest funding round of $500 million raised.
Motif Foodworks, Inc. had raised a total of $344 million in funding. The company was acquired on May 18, 2022.
Published by Vidyesh Swar
