Global Mycoprotein Market Growth 2023-2029

Global Mycoprotein Market Growth 2023-2029

According to our (LP Info Research) latest study, the global Mycoprotein market size was valued at US$ 347 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Mycoprotein is forecast to a readjusted size of US$ 791.9 million by 2029 with a CAGR of 12.5% during review period.

The research report highlights the growth potential of the global Mycoprotein market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Mycoprotein are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Mycoprotein. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Mycoprotein market.

Mycoprotein is a protein made from Fusarium venenatum, a naturally occurring fungus. To create mycoprotein, manufacturers ferment fungi spores along with glucose and other nutrients. The fermentation process is similar to what’s used to create beer. It results in a doughy mixture with a meat-like texture that’s high in protein and fiber.

Global 4 largest manufacturers of Mycoprotein are Quorn/Monde Nissin Corporation, ENOUGH (3fbio Ltd), Mycorena and Mycovation.

In terms of product type, Food Grade Mycoprotein occupies the largest share of the total market, about 100%. And in terms of application, the largest application is Meat Alternatives, followed by Pet Food.

Key Features:

The report on Mycoprotein market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Mycoprotein market. It may include historical data, market segmentation by Type (e.g., Food Grade Mycoprotein, Feed Grade Mycoprotein), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Mycoprotein market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Mycoprotein market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Mycoprotein industry. This include advancements in Mycoprotein technology, Mycoprotein new entrants, Mycoprotein new investment, and other innovations that are shaping the future of Mycoprotein.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Mycoprotein market. It includes factors influencing customer ' purchasing decisions, preferences for Mycoprotein product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Mycoprotein market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Mycoprotein market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Mycoprotein market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Mycoprotein industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Mycoprotein market.

Market Segmentation:

Mycoprotein market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Food Grade Mycoprotein
Feed Grade Mycoprotein

Segmentation by application
Meat Alternatives
Pet Food
Feed

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Quorn/Monde Nissin Corporation
ENOUGH (3fbio Ltd)
Mycorena
Mycovation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Mycoprotein market?

What factors are driving Mycoprotein market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Mycoprotein market opportunities vary by end market size?

How does Mycoprotein break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.