Global Fungal Protein Market

Global Fungal Protein Market Size, Share, Growth Analysis, By Type(Yeast, Fusarium Venenatum), By Application(Food & Beverages, Animal Nutrition), By Nature(Organic, Conventional) - Industry Forecast 2022-2028


Report ID: SQSG30B2013 | Region: Global | Published Date: December, 2022 | Pages: 157

Global Fungal Protein Market Insights

Global Fungal Protein Market size was valued at USD 4.20 billion in 2021 and it is expected to reach USD 4.52 billion by 2028, at a CAGR of 7.6% over a forecast period (2022-2028).

A protein obtained from a sustainable food supply based on fungi is known as fungal protein. It includes extract proteins made from yeast and proteins made from Fusarium venenatum. It has many qualities, including being a great choice for use in both human food and beverages as well as animal feed applications because it is high in proteins, vitamins, folic acid, and minerals. Food items are changing, being processed, and getting ready for immediate ingestion. Prepared and ready-to-eat foods, soft drinks, and westernised fast food have supplanted regional specialties and distinctive cultural eating habits in emerging economies. Increased intake of calories, sugar, fats, and animal products is a result of the westernisation of eating habits. Additionally, this trend has also resulted in a decrease in the consumption of pulses, potatoes, and grains. Since their introduction in the 1990s, ready-to-eat foods have become a considerable portion of the food budget.

The rules governing fungal-based protein products cover a variety of components utilised in the manufacturing process, food safety labelling & packaging, health claims, and other issues. For instance, food products sold in different supermarkets, retail stores, and bakeries must have labels with information such as nutrition facts, ingredients used, common name of the products, name & address of manufacturers, and others, in accordance with Food and Drug Administration (FDA) regulations on menu labelling. Therefore, it is anticipated that these laws surrounding different substances and the quality of materials utilised in goods may impede the market expansion for fungal protein.

Market snapshot

Global Market Size

USD 4.20 billion

Largest Segment

Yeast

Fastest Growth

Yeast

Growth Rate

7.6% CAGR

fungal protein market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
fungal protein market Size By Type, 2021-2028 ($ Bn)
fungal protein market Size By Type, 2021-2028 (%)

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Global Fungal Protein Market Segmental Analysis

Global Fungal Protein Market is segmented based on the type, application, nature, and region. Based on type, the market is segmented Yeast and Fusarium Venenatum. Based on application, the market is segmented into Food & Beverages, Animal Nutrition, Pharmaceuticals and other. Based on nature, the market is segmented into Organic, Conventional. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Type

The fusarium venenatum extract segment is expected to account for the majority of the global fungal protein market in 2021. The growing consumer preference for a healthy diet is responsible for this segment's size. Furthermore, its dynamic properties, such as being high in fiber and protein while being low in saturated fat, drive demand for fusarium venenatum-based fungal protein in the food and beverage industries.

The yeast extract protein segment, on the other hand, is expected to grow at the fastest CAGR during the forecast period, owing to the increasing use of yeast extract in packaged foods such as frozen dinners, crackers, junk food, gravy, and stock.

Analysis by Application

Based on application, the food and beverage sector is anticipated to hold the greatest market share in 2021. The substantial proportion of this market is ascribed to the expanding global food and beverage industry as well as the growing use of mycoprotein in the food industry due to its advantages in lowering cholesterol, promoting satiety, and having a favourable nutritional profile. The need for fungal protein in the food and beverage industry is further increased by the rising demand for meat substitutes and healthy goods from consumers. However, due to its eukaryotic and unicellular features as well as post-translational modification, the pharmaceutical application category is anticipated to develop at the greatest CAGR throughout the forecast period.

fungal protein market By Type, 2021 (%)

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Global Fungal Protein Market Regional Insights

North America dominated the global fungal protein market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The growing vegan lifestyle, persistent campaigns against animal cruelty, and the massive number of health-conscious customers are all credited with the market's substantial proportion. Additionally, the growing need for processed food brought on by shifting consumer habits, a rise in desk-bound workplace cultures, and lack of time to prepare healthy meals all contribute to the region's increased need for fungal protein.

Europe is expected to grow at a significant CAGR during the forecast period. This is primarily due to the region's increased consumption of bread, viennoiserie, cakes, patisserie, and other bakery products. Furthermore, rising demand for processed foods in the region as a result of changing consumer food habits, increasing desk-bound work cultures, and a lack of time to cook healthy foods is expected to drive demand for fungal protein and boost market growth over the forecast period. Rising demand from the European population for foods high in fiber, omega-3, whole grains, and low in calories should drive up demand for ingredients like fungal proteins and boost market statistics in the region.

fungal protein market By Type, 2021-2028
  • Largest
  • Fastest

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Global Fungal Protein Market Dynamics

Driver

Growing Need for Meat Alternatives

  • New food ingredients from alternative sources have been created in response to the rapidly increasing need for protein and meat alternatives worldwide. Protein producers are currently coming up with creative solutions to meet the expanding demand for alternative proteins. There has been an increase in interest in creating and manufacturing plant- and cell-based substitutes for farmed meat during the past ten years. Meat substitutes are items made from fungi that taste and look like meat and may be a major factor in encouraging dietary change. Since heavy meat consumption is becoming more and more criticised for its ethical and environmental implications, there is growing interest in how plant-based and fungal protein might meet the growing need for protein from non-meat sources.

Restraint

Rising Health Concerns

  • Numerous research focus on processed meat to demonstrate the link between the intake of these items and health issues. Red meat is a likely carcinogen and processed meat is a carcinogen that causes cancer, according to the International Agency for Research on Cancer (IARC). Because of this, the American Cancer Society advises against eating a lot of processed food and red meat. Beans are suggested as a healthier alternative to red and processed meat in the American Cancer Society's Guidelines on Nutrition and Physical Activity for Cancer Prevention. Alternative meat sources have less saturated fat than meat (higher saturated fat intake is linked to an increased risk of heart disease). A sustainable food source based on fungi, fungal protein has very low levels of cholesterol and saturated fat and is obtained from fungi.

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Global Fungal Protein Market Competitive Landscape

Global Fungal Protein Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Top Player's Company Profiles

Recent Developments

Global Fungal Protein Key Market Trends

  • Global Fungal Protein Market statistics is boosted by rising bread, dairy, and other fermented food consumption as well as rising product advancements in the mycoproteins sector. Additionally, the features of fungal proteins that are anti-inflammatory, antioxidant, anti-obesity, and immune system regulators are projected to open up new growth avenues for their use in animal nutrition applications, adding to the market demand. However, the availability of various types of substitute proteins, including insect proteins, animal-based proteins, plant-based proteins, and others, is projected to restrain market expansion to some extent during the course of the assessment period.

Global Fungal Protein Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Fungal Protein Market analysis, in terms of type, the yeast snacks segment held larger market share owing to Presence of high levels of chromium, protein, selenium, potassium, iron, zinc, magnesium and vitamin B nutrients in brewer's yeast based fungal proteins. And in terms of application, food and beverage sector segment contributed to market growth due to its high growth and preference by users. Moreover, future developments in the market for fungal protein include consumers' increased propensity to purchase high-end and environmentally friendly goods.

Report Metric Details
Market size value in 2021 USD 4.20 billion
Market size value in 2028 USD 4.52 billion
Growth Rate 7.6%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Yeast, Fusarium Venenatum
  • Application
    • Food & Beverages, Animal Nutrition, Pharmaceuticals, other
  • Nature
    • Organic, Conventional
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Fungal Protein Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Fungal Protein Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Fungal Protein Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fungal Protein Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fungal Protein Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Fungal Protein Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Fungal Protein Market size was valued at USD 4.20 billion in 2021 and it is expected to reach USD 4.52 billion by 2028, at a CAGR of 7.6% over a forecast period (2022-2028).

Global Fungal Protein Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.'Koninklijke DSM N.V. ','Associated British Foods plc ','Lesaffre Group ','Kerry Group plc ','Lallemand Inc. ','Oriental Yeast Co., Ltd. ','Halcyon Proteins Pty. Ltd. ','AngelYeast Co., Ltd. ','Van Wankum Ingredients BV ',' MYCORENA AB '

New food ingredients from alternative sources have been created in response to the rapidly increasing need for protein and meat alternatives worldwide. Protein producers are currently coming up with creative solutions to meet the expanding demand for alternative proteins. There has been an increase in interest in creating and manufacturing plant- and cell-based substitutes for farmed meat during the past ten years. Meat substitutes are items made from fungi that taste and look like meat and may be a major factor in encouraging dietary change. Since heavy meat consumption is becoming more and more criticised for its ethical and environmental implications, there is growing interest in how plant-based and fungal protein might meet the growing need for protein from non-meat sources.

Global Fungal Protein Market statistics is boosted by rising bread, dairy, and other fermented food consumption as well as rising product advancements in the mycoproteins sector. Additionally, the features of fungal proteins that are anti-inflammatory, antioxidant, anti-obesity, and immune system regulators are projected to open up new growth avenues for their use in animal nutrition applications, adding to the market demand. However, the availability of various types of substitute proteins, including insect proteins, animal-based proteins, plant-based proteins, and others, is projected to restrain market expansion to some extent during the course of the assessment period.

North America dominated the global fungal protein market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The growing vegan lifestyle, persistent campaigns against animal cruelty, and the massive number of health-conscious customers are all credited with the market's substantial proportion. Additionally, the growing need for processed food brought on by shifting consumer habits, a rise in desk-bound workplace cultures, and lack of time to prepare healthy meals all contribute to the region's increased need for fungal protein.

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Global Fungal Protein Market

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