Cellular Agriculture Australia (CAA), the key advocate for advancing Australia’s cellular agriculture, has just released a compelling white paper underlining the vast potential of precision fermentation capable of revolutionising the country's food and agriculture sectors.
The report identifies precision fermentation as a strategic technology capable of enhancing food security, diversifying protein production, and contributing significantly to Australia's economy.
Source: CAA Non-animal fats via precision fermentation
Precision fermentation involves using microorganisms to produce specific ingredients that can be integrated into various food products. This technology is seen as a complement to traditional agricultural practices and a scientific approach to sustainable food production. According to CAA, embracing this technology could open a projected AUD $13 billion opportunity by 2030, responding to both domestic and global demands for sustainable protein.
The report identifies Australia's robust scientific landscape, coupled with its strong brand equity and strategic geographical positioning, making it an ideal hub for the production of precision-fermented ingredients. It continues by highlighting several Australian companies leading this innovation, including Eden Brew and All G Foods involved in developing animal free precision fermented milk, Nourish Ingredients, developing animal free fats and Noumi, blending plant and dairy beverages using fermentation processes.
CAA’s CEO Sam Perkins, says “Australia has an opportunity to build on existing sovereign capability across the precision fermentation value chain, including robust research capability, a collaborative ecosystem of companies, a well-established regulatory system, and an emerging commercial landscape.
"We have all the puzzle pieces here, but Government support is crucial to advancing the sector and ensuring Australian companies remain onshore. The window of opportunity for this is finite," says Sam Perkins.
Source: Eden Brew - AllG Foods - noumi
The regulatory environment in Australia is seen as being well-prepared to support this dynamic industry. Innovations like the licensing of new types of manufacturing facilities have reduced capital expenditures significantly, making it easier for new companies to enter the market. However, the report also points out some challenges, such as the need for more government funding and clearer regulatory pathways to ensure the rapid growth and commercial viability of precision fermentation.
As well, the involvement of key academic and research institutions, along with industry stakeholders, suggests a thriving ecosystem ready to support scale-up and commercialisation. The collaborative efforts are particularly strong in the state of Queensland, potentially positioning it as a regional hub for precision fermentation.
Cellular Agriculture Australia’s report not only maps out the current state but also charts a course for future growth.
To download the full report CLICK HERE
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