Global Fungi-based Protein Market Overview:
Fungi-based protein is sustainable, highly nutritious, and has a meat-like texture, making it a natural fit with the Vegetarian Butcher and future innovations over its plant-based portfolio. It is also called Mycoprotein. Growing demand for additional nutritional supplements is the major factor driving the fungi-based protein market growth.
As per latest study released by AMA Research, the Global Fungi-based Protein market is expected to see growth rate of 7.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Popularity with Consumers and Many Health Professionals and Consumer Preference towards Plant-based options which do not Compromise on Taste and Texture
Market Growth Drivers:
Growing Interest in Sustainable Proteins and Accruing Health Evidence for Mycoprotein
Challenges:
Regulatory Guidelines on the Fungi-based Protein Manufacturers
Restraints:
Allergy-Related Risk with the Fungi-based Protein and Availability of various Alternatives
Opportunities:
Growing Demands for Healthy and Sustainable New Protein Sources
Competitive Landscape:
Global Fungi-based Protein is a fragmented market due to the presence of various players. The players are investing more in mergers and acquisitions to enhance their market presence. Also, the company’s focus is on launching new products. The companies are planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Unilever (United Kingdom), AgriFiber (United States), 77 Foods (France), Eighth Day Foods (Australia), ProPlant Foods (India), Mushlabs (Germany), Sophie’s Bionutrients (Singapore), Green Spot Technologies (France), Shandi Global (Singapore) and Hoxton Farms (United Kingdom). Considering Market by End-Use Verticals, the sub-segment i.e. Healthcare will boost the Fungi-based Protein market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Fungi-based Protein market. Considering Market by Fungi Type, the sub-segment i.e. Aspergillus spp. will boost the Fungi-based Protein market.
Latest Market Insights:
In December 2023, Chicago-based food company Nature’s Fynd introduced what it claims to be the world’s first fungi-based yogurt.
On 26th May 2021, Unilever moves its plant-based meat portfolio forward with ENOUGH. The new launch helps people transition towards healthier diets and reduce the environmental impact of the food chain.
What Can be Explored with the Fungi-based Protein Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fungi-based Protein Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fungi-based Protein
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fungi-based Protein market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fungi-based Protein market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fungi-based Protein Manufacturers, Fungi-based Protein Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.