February 2024 - The BCG and Synonym built a report on the topic "Breaking the Cost Barrier in Biomanufacturing". It focuses on the demand for a market expansion for innovative products using biological processes and genetically modified microorganisms in markets such as enzymes, fragrances, and food and feed supplements. The authors that it is "driven by the need to achieve sustainability in manufacturing while reducing carbon emissions".

Nevertheless, "for change to happen, costs must come down. Meeting the sustainability and emissions-reduction needs of global industry depends on achieving economically viable precision-fermentation biomanufacturing at commercial scale and bringing production costs into parity with existing methods. These in turn require construction and optimization of biofoundries—large-scale, standardized biomanufacturing facilities that can meet industrial-level demand— and continued improvements in strain engineering."

Source: BCG & Synonym.