$G\times S_{\text{F}}$ is the total market of size of alternative meat products that use fermentation.

Multiplying this with $(1-P)$ (one minus the average profit margin for such products) gives us the total cost of producing those goods.

Since we only have data from June 2023, we multiply the value with a factor representing the growth of the market between June 2023 and July 2024.

NOTE: Around 52% of the production capacity for fermentation-based products lies with Contract Manufacturing Organizations [5]. Many producers of plant-based products have in-house capacities or only source some part of their production from CMOs.

We estimate the global size of the market $M$ for fermentation-derived ingredients of alternative meat products as

$M=G\cdot S_{\text{F}}\cdot (1-P)\cdot (1+R)$

$M=6.4\text{B}\cdot 14.3\%\cdot (1-.30)\cdot (1+.037)$

$M=664.3\text{M}$