Meticulous Research®—a leading global market research company, published a research report titled, ‘Fungal Protein Market by Type (Fusarium Venenatum Extract, Mushrooms, Yeast Extract), Application (Food & Beverage {Beverages, Bakery}, Animal Nutrition {Poultry Feed, Aquafeed}, Pharmaceuticals, and Other Applications), and Geography - Global Forecast to 2029.’
In the latest report by Meticulous Research®, it's forecasted that the global fungal protein market will reach a value of $397.5 million by 2029, with a compound annual growth rate (CAGR) of 7.6% from 2023 to 2029. In terms of volume, the market is expected to hit 23,185 tons by 2029, growing at a CAGR of 6.2% during the same period. This growth is primarily fueled by the increasing demand for allergen-free and processed foods, as well as the rising interest in meat substitutes. However, unclear regulatory guidelines may hinder market growth.
The market is segmented by type (including Fusarium Venenatum Extract, mushrooms, and yeast extract), application (such as food & beverage, animal nutrition, pharmaceuticals, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The report also assesses industry competitors and provides a regional and country-level analysis.
Yeast extract is expected to show the highest CAGR among types, driven by its use in processed foods and opportunities in emerging markets. Furthermore, yeast extract and other fungal protein ingredients offer versatile applications in both human and animal nutrition.
In terms of applications, the food & beverage segment is projected to hold the largest market share in 2023 due to the expanding global food industry and the adoption of fungal protein for its health benefits and nutritional value. North America is anticipated to dominate the market in 2023, driven by factors such as consumer preference for high-quality ingredients and the growing vegan movement.
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Key players in the global fungal protein market include Lesaffre, Koninklijke DSM N.V., Kerry Group plc, and others. The report addresses key questions such as current market value, growth projections, historical data, factors impacting market growth, and recent strategic developments.

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