Biomass Fermentation Market, Till 2035: Distribution by Type of Microbe, Type of Feedstock, Type of Application, Type of End User, Geographical Regions: Industry Trends and Global Forecasts
As per Roots Analysis, the global biomass fermentation market size is estimated to grow from USD 1.2 billion in the current year to USD 9.3 billion by 2035, at a CAGR of 20.4% during the forecast period, till 2035.
The opportunity for biomass fermentation market has been distributed across the following segments:
Type of Microbe
Algae
Bacteria
Fungi
Yeast
Type of Feedstock
Corn
Industrial Waste
Sugarcane
Switchgrass
Wheat
Type of Application
Animal Feed
Biofuels
Meat & Seafood
Others
Type of End User
Agriculture
Energy
Food & Beverages
Industrial
Others
Geographical Regions
North America
US
Canada
Mexico
Other North American countries
Europe
Austria
Belgium
Denmark
France
Germany
Ireland
Italy
Netherlands
Norway
Russia
Spain
Sweden
Switzerland
UK
Other European countries
Asia
China
India
Japan
Singapore
South Korea
Other Asian countries
Latin America
Brazil
Chile
Colombia
Venezuela
Other Latin American countries
Middle East and North Africa
Egypt
Iran
Iraq
Israel
Kuwait
Saudi Arabia
UAE
Other MENA countries
Rest of the World
Australia
New Zealand
Other countries
BIOMASS FERMENTATION MARKET: GROWTH AND TRENDS
The biomass fermentation sector is set for significant expansion owing to its potential as a viable alternative to conventional protein sources. Biomass fermentation utilizes rapid microbial growth and high protein content to generate substantial quantities of nutrient-rich food. This market has leveraged microorganisms to convert organic materials into valuable compounds, thereby transforming sustainable food production.
Globally, as consumers increasingly prefer sustainability, eco-friendly protein options, and ethical food choices, the biomass and precision fermentation industries are positioned to address this growing demand. Further, ongoing advancements in fermentation technology enable industry participants to shape the future landscape of this market. These advancements are responding to the rising demand for alternative proteins, such as pea protein, by utilizing biotechnological innovations to enhance the production of high-protein products.
Moreover, continual investments in research and development are likely to lead to a surge in groundbreaking solutions that will revamp food production and resource management. Consequently, the increasing awareness of environmental issues, the benefits of this technology, and its expanding applications from alternative food sources to biofuels and specialty chemicals are expected to drive growth in the biomass fermentation market during the forecast period.
BIOMASS FERMENTATION MARKET: KEY SEGMENTS
Market Share by Type of Microbe
Based on type of microbe, the global biomass fermentation market is segmented into algae, bacteria, fungi, and yeast. According to our estimates, currently, fungi captures the majority share of the market. This can be attributed to the fact that filamentous fungi is used to generate high-protein biomass by prominent companies like Quorn and Meati.
Market Share by Type of Feedstock
Based on type of feedstock, the biomass fermentation market is segmented into corn, industrial waste, sugarcane, switchgrass, and wheat. According to our estimates, currently, corn feedstock captures the majority of the market. This growth can be attributed to its extensive use in generating microbial protein, attributed to its high carbohydrate content for the fermentation process.
However, the switchgrass and agricultural waste segment is expected to grow at a relatively higher CAGR during the forecast period. This growth can be attributed to its easy accessibility and low cost of these materials. Agricultural wastes are primarily utilized for generating electricity, renewable energy, and heat, where biomass fermentation technology is increasingly gaining momentum.
Market Share by Type of Application
Based on type of application, the biomass fermentation market is segmented into animal feed, biofuels, meat & seafood, and others. According to our estimates, currently, meat & seafood segment captures the majority share of the market. This can be attributed to the increasing demand for alternative meats and seafood, coupled with their rising production.
However, the biofuel segment is expected to experience the highest compound annual growth rate (CAGR) during the forecast period, due to its potential as an effective solution for producing biochemicals, biomass gas, and other valuable products.
Market Share by Type of End User
Based on type of end user, the biomass fermentation market is segmented into agricultural, energy, food & beverage, and industrial. According to our estimates, currently, food & beverage industry captures the majority share of the market. This growth can be attributed to the increasing need for alternative proteins like meat and dairy substitutes, fueled by a growing focus on sustainable and ethical dietary choices. However, the energy sector is expected to grow at a higher compound annual growth rate (CAGR) during the forecast period.
Market Share by Geographical Regions
Based on geographical regions, the biomass fermentation market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. This can be attributed to a rising preference for alternative protein sources and a growing need for biofuels and renewable energy in the area. However, market in Europe is expected to grow at a higher compound annual growth rate (CAGR) during the forecast period.
Example Players in Biomass Fermentation Market
Adamo Foods
Algenol
Cultivated Biosciences
Enerkem
Meati Foods
Myco
Perfect day
Planterra
Quorn
The Protein Brewery
BIOMASS FERMENTATION MARKET: RESEARCH COVERAGE
The report on the biomass fermentation market features insights on various sections, including:
Market Sizing and Opportunity Analysis: An in-depth analysis of the biomass fermentation market, focusing on key market segments, including [A] type of microbe, [B] type of feedstock, [C] type of application, [D] type of end user, [E] geographical regions.
Competitive Landscape: A comprehensive analysis of the companies engaged in the biomass fermentation market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
Company Profiles: Elaborate profiles of prominent players engaged in the biomass fermentation market, providing details on [A] location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] service / product portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
Value Chain Analysis: An comprehensive analysis of the value chain, providing information on the different phases and stakeholders involved in the biomass fermentation domain.
SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
KEY QUESTIONS ANSWERED IN THIS REPORT
How many companies are currently engaged in biomass fermentation market?
Which are the leading companies in this market?
What factors are likely to influence the evolution of this market?
What is the current and future market size?
What is the CAGR of this market?
How is the current and future market opportunity likely to be distributed across key market segments?
REASONS TO BUY THIS REPORT
The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
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TABLE OF CONTENTS
1. PREFACE
1.1. Introduction
1.2. Market Share Insights
1.3. Key Market Insights
1.4. Report Coverage
1.5. Key Questions Answered
1.6. Chapter Outlines
2. RESEARCH METHODOLOGY
2.1. Chapter Overview
2.2. Research Assumptions
2.3. Database Building
2.3.1. Data Collection
2.3.2. Data Validation
2.3.3. Data Analysis
2.4. Project Methodology
2.4.1. Secondary Research
2.4.1.1. Annual Reports
2.4.1.2. Academic Research Papers
2.4.1.3. Company Websites
2.4.1.4. Investor Presentations
2.4.1.5. Regulatory Filings
2.4.1.6. White Papers
2.4.1.7. Industry Publications
2.4.1.8. Conferences and Seminars
2.4.1.9. Government Portals
2.4.1.10. Media and Press Releases
2.4.1.11. Newsletters
2.4.1.12. Industry Databases
2.4.1.13. Roots Proprietary Databases
2.4.1.14. Paid Databases and Sources
2.4.1.15. Social Media Portals
2.4.1.16. Other Secondary Sources
2.4.2. Primary Research
2.4.2.1. Introduction
2.4.2.2. Types
2.4.2.2.1. Qualitative
2.4.2.2.2. Quantitative
2.4.2.3. Advantages
2.4.2.4. Techniques
2.4.2.4.1. Interviews
2.4.2.4.2. Surveys
2.4.2.4.3. Focus Groups
2.4.2.4.4. Observational Research
2.4.2.4.5. Social Media Interactions
2.4.2.5. Stakeholders
2.4.2.5.1. Company Executives (CXOs)
2.4.2.5.2. Board of Directors
2.4.2.5.3. Company Presidents and Vice Presidents
2.4.2.5.4. Key Opinion Leaders
2.4.2.5.5. Research and Development Heads
2.4.2.5.6. Technical Experts
2.4.2.5.7. Subject Matter Experts
2.4.2.5.8. Scientists
2.4.2.5.9. Doctors and Other Healthcare Providers
2.4.2.6. Ethics and Integrity
2.4.2.6.1. Research Ethics
2.4.2.6.2. Data Integrity
2.4.3. Analytical Tools and Databases
3. ECONOMIC AND OTHER PROJECT SPECIFIC CONSIDERATIONS
3.1. Forecast Methodology
3.1.1. Top-Down Approach
3.1.2. Bottom-Up Approach
3.1.3. Hybrid Approach
3.2. Market Assessment Framework
3.2.1. Total Addressable Market (TAM)
3.2.2. Serviceable Addressable Market (SAM)
3.2.3. Serviceable Obtainable Market (SOM)
3.2.4. Currently Acquired Market (CAM)
3.3. Forecasting Tools and Techniques
3.3.1. Qualitative Forecasting
3.3.2. Correlation
3.3.3. Regression
3.3.4. Time Series Analysis
3.3.5. Extrapolation
3.3.6. Convergence
3.3.7. Forecast Error Analysis
3.3.8. Data Visualization
3.3.9. Scenario Planning
3.3.10. Sensitivity Analysis
3.4. Key Considerations
3.4.1. Demographics
3.4.2. Market Access
3.4.3. Reimbursement Scenarios
3.4.4. Industry Consolidation
3.5. Robust Quality Control
3.6. Key Market Segmentations
3.7. Limitations
4. MACRO-ECONOMIC INDICATORS
4.1. Chapter Overview
4.2. Market Dynamics
4.2.1. Time Period
4.2.1.1. Historical Trends
4.2.1.2. Current and Forecasted Estimates
4.2.2. Currency Coverage
4.2.2.1. Overview of Major Currencies Affecting the Market
4.2.2.2. Impact of Currency Fluctuations on the Industry
4.2.3. Foreign Exchange Impact
4.2.3.1. Evaluation of Foreign Exchange Rates and Their Impact on Market
4.2.3.2. Strategies for Mitigating Foreign Exchange Risk
4.2.4. Recession
4.2.4.1. Historical Analysis of Past Recessions and Lessons Learnt
4.2.4.2. Assessment of Current Economic Conditions and Potential Impact on the Market
4.2.5. Inflation
4.2.5.1. Measurement and Analysis of Inflationary Pressures in the Economy
4.2.5.2. Potential Impact of Inflation on the Market Evolution
4.2.6. Interest Rates
4.2.6.1. Overview of Interest Rates and Their Impact on the Market
4.2.6.2. Strategies for Managing Interest Rate Risk
4.2.7. Commodity Flow Analysis
4.2.7.1. Type of Commodity
4.2.7.2. Origins and Destinations
4.2.7.3. Values and Weights
4.2.7.4. Modes of Transportation
4.2.8. Global Trade Dynamics
4.2.8.1. Import Scenario
4.2.8.2. Export Scenario
4.2.9. War Impact Analysis
4.2.9.1. Russian-Ukraine War
4.2.9.2. Israel-Hamas War
4.2.10. COVID Impact / Related Factors
4.2.10.1. Global Economic Impact
4.2.10.2. Industry-specific Impact
4.2.10.3. Government Response and Stimulus Measures
4.2.10.4. Future Outlook and Adaptation Strategies