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

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

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 - Forecast to 2029

According to the 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 - Forecast to 2029”, in terms of value, the global fungal protein market is projected to reach $397.5 million by 2029, at a CAGR of 7.6% from 2023–2029. Moreover, in terms of volume, the global fungal protein market is projected to reach 23,185.0 tons by 2029, at a CAGR of 6.2% during the forecast period 2023 to 2029. The report provides an in-depth analysis of the global fungal protein market across five major regions, emphasizing the current market trends, market size, and recent developments and providing the forecast till 2039.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges. The growth of this market is driven by the growing demand for allergen-free foods, the rising consumption of processed foods, and the increasing demand for meat substitutes. However, the undefined regulatory guidelines is expected to restrain the growth of this market to a notable extent. Furthermore, the rising adoption of yeast extract in the processed foods industry and emerging economies in Asia-Pacific and the Middle East will provide significant growth opportunities for seaweed manufacturers in the coming years.

Based on type, the yeast extract segment is slated to register the highest CAGR during the forecast period. The fastest growth of this segment is attributed to the rising adoption of yeast extract in the processed foods industry and emerging economies in Asia-Pacific and the Middle East & Africa are expected to create growth opportunities for the players operating in this market. Moreover, nutritional protein, yeast extract ingredients can produce various added‐value products suitable for animal and human nutrition.

Based on application, in 2023, the food & beverage segment is expected to account for the largest share of the global fungal protein market. The large market share of this segment is attributed to the growing global food & beverage industry and the increasing adoption of fungal protein in the food industry due to its cholesterol and satiety benefits and nutritional composition. Furthermore, the growing demand for meat-substitute products and the rise in consumer demand for healthy products further boost the demand for fungal protein in the food & beverage industry.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this market can be attributed to the rising health-conscious population, growing demand for vegan food products, and increased demand for processed food products. Moreover, the growing government initiatives to increase the production of yeast and mushrooms in countries like India and China are expected to provide opportunities for stakeholders operating in this market.

The key players operating in the global fungal protein market are Lesaffre (France), Koninklijke DSM N.V. (Netherlands), Kerry Group plc (Ireland), Halcyon Proteins Pty. Ltd. (Australia), MYCORENA AB (Sweden), Oriental Yeast Co., Ltd. (Japan), Van Wankum Ingredients BV (Netherlands), Lallemand Inc. (Canada), AngelYeast Co., Ltd. (China), Associated British Foods plc (U.K.), ENOUGH (U.K.), MycoTechnology, Inc.(U.S.), Monterey Mushrooms, LLC (U.S.), and The Better Meat Co. (U.S.).

Key Questions Answered in the Report-

What is the current value of revenue generated by global fungal proteins?
At what rate is the global fungal protein demand projected to grow for the next 5–7 years?
What are the historical market sizes and growth rates of the global fungal protein market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments in terms of type and application are expected to create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global fungal protein market?
Who are the major players in the Global fungal protein market? What are their specific product offerings in this market?
What are the recent strategic developments in the global fungal protein market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Global Fungal Protein Market Assessment —by Type

Fusarium Venenatum Extract
Mushrooms
Yeast Extract

Global Fungal Protein Market Assessment—by Application

Food & Beverage
Bakery
Beverages
Other Food & Beverage Applications
Animal Nutrition
Poultry Feed
Pig Feed
Aquafeed
Others
Pharmaceuticals
Other Applications

Global Fungal Protein Market Assessment—by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific (RoAPAC)
Latin America
Middle East & Africa

Global Fungal Protein Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2029
Base Year	2022
Forecast Period	2023-2029
Page Count	152
Units Referenced	Value (USD Thousand)Volume (Tons)
Segments/Key Topics	Market by Product Type, Application, and Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Key Companies Mentioned	Key Companies Mentioned Lesaffre (France), Koninklijke DSM N.V. (Netherlands), Kerry Group plc (Ireland), Halcyon Proteins Pty. Ltd. (Australia), MYCORENA AB (Sweden), Oriental Yeast Co., Ltd. (Japan), Van Wankum Ingredients BV (Netherlands), Lallemand Inc. (Canada), AngelYeast Co., Ltd. (China), Associated British Foods plc (U.K.), ENOUGH (U.K.), MycoTechnology, Inc. (U.S.), Monterey Mushrooms, LLC (U.S.), and The Better Meat Co. (U.S.).

FAQs About the Report

What is the revenue generated from the sale of fungal protein across the globe? At what rate is their demand projected to grow in the next 5–7 years?

The global fungal protein market is projected to reach $397.5 million by 2029, at a CAGR of 7.6% from 2023 to 2029.

Which type segment showcases high-growth opportunities for the players operating in the global fungal protein market?

Based on type, the yeast extract segment is slated to register the highest growth rate during the forecast period and provide significant growth opportunities for players operating in this market.

Which application segment showcases high-growth opportunities for the players operating in the global fungal protein market?

Based on application, the pharmaceuticals segment is slated to register the fastest growth rate during the forecast period and provide significant opportunities for players operating in this market.

What are the major drivers for this market?

Some of the key drivers of this market are growing demand for allergen-free foods , rising consumption of processed foods, and increasing demand for meat substitutes

What are the major restraints for the global fungal protein market?

Key restraint of this market is undefined regulatory guidelines

Who are the major players operating in the global fungal protein market?

The major players operating in the global fungal protein market are Lesaffre (France), Koninklijke DSM N.V. (Netherlands), Kerry Group plc (Ireland), Halcyon Proteins Pty. Ltd. (Australia), MYCORENA AB (Sweden), Oriental Yeast Co., Ltd. (Japan), Van Wankum Ingredients BV (Netherlands), Lallemand Inc. (Canada), AngelYeast Co., Ltd. (China), Associated British Foods plc (U.K.), ENOUGH (U.K.), MycoTechnology, Inc.(U.S.), Monterey Mushrooms, LLC (U.S.), and The Better Meat Co. (U.S.).

Which is the high-growth region in the market?

Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this market can be attributed to the rising health-conscious population, the growing demand for vegan food products, and the increased demand for processed food products. Moreover, the growing government initiatives to increase the production of yeast and mushrooms in countries like India and China are expected to provide opportunities for stakeholders operating in this market."