Report ID: SQSG30B2013
Report ID:
SQSG30B2013 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
89 |
Figures:
76
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.
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Report ID: SQSG30B2013