The Fungal Protein Global Market Report 2023, provides comprehensive information on the fungal protein market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Fungal Protein Global Market Report 2023, the global fungal protein market size is expected to grow from $3.56 billion in 2022 to $3.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fungal protein market size is expected to grow to $4.87 billion in 2027 at a CAGR of 6.4%.
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Innovation is a key trend gaining popularity in the fungal protein market. Major companies operating in the fungal protein market are focusing on developing innovative solutions and new ways of working with myco-proteins to gain a competitive edge in the market. For instance, in September 2021, Novozymes A/S, a Denmark-based biotechnology company, launched Myco-protein Innovation Call, a global myco-protein innovation platform created to aid in the scaling up of innovative methods for using fungi as a source of protein. Using the power of fungi and mycelium, this global platform aims to change the way that food is produced in the future. Myco-protein Innovation Call brings together the most cutting-edge scientific and business skills from across industries and sectors in order to revolutionize the global food systems at scale.
The fungal protein market is segmented:
1) By Type: Fusarium Venenatum Extract, Mushrooms, Yeast Extract
2) By Nature: Organic, Conventional
3) By Application: Food and Beverages, Bakery, Processed Food, Dairy, Other Applications
Europe was the largest region in the fungal protein market in 2022.
The table of contents in TBRC’s fungal protein market report includes:
- Executive Summary
- Fungal Protein Market Characteristics
- Fungal Protein Market Trends And Strategies
- Fungal Protein Market – Macro Economic Scenario
- Fungal Protein Market Size And Growth
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- Africa Fungal Protein Market
- Fungal Protein Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Fungal Protein Market
- Fungal Protein Market Future Outlook and Potential Analysis
- Appendix
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