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Fungal protein market valued at $397.5 million by 2029 –

Redding, Calif., June 22, 2022 (GLOBE NEWSWIRE) — In line with a brand new market analysis report titled ‘Fungal Protein Market by kind (Fusarium venenatum extract protein, mushroom protein, yeast extract protein), utility (meals and drinks {drinks, bakery}, animal diet {poultry, aquafeed}, prescribed drugs, different functions), and Geography: World Forecast to 2029,’ The mushroom protein market is projected to develop at a CAGR of seven.6% from 2022 to 2029 to succeed in $397.5 million by 2029.

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Mushroom-based protein is changing into well-liked amidst the rising want for high-protein meals merchandise. Rising well being consciousness, rising consumption of processed meals, and rising demand for larger protein content material meals are the primary drivers of the worldwide mushroom protein market. Shoppers are turning to sustainable protein sources, rising the demand for different proteins. Animal-based protein sources are resource-intensive, which has a adverse impression on the setting attributable to greenhouse gasoline emissions.

The impression of COVID-19 on the Fungal Protein market

The outbreak of the COVID-19 pandemic created a medical emergency, rising the demand for wholesome meals, medical and hygiene merchandise out there. The pandemic has additionally elevated gross sales of wholesome processed meals merchandise. Nonetheless, packaged meals, bakery and meat merchandise have seen a decline in gross sales, which has diminished the demand for yeast extract in these industries to a big stage. Since yeast can also be used within the beauty and private care industries, the demand for the merchandise of those industries has additionally decreased, which has slowed the expansion of the yeast extract market in 2020 and early 2021. As well as, the Nationwide lockdowns additionally hamper the manufacturing and provide chain of yeast extracting firms.

Sturdy world considerations in regards to the pandemic have negatively affected the worldwide marketplace for fungal proteins. Additionally, attributable to excessive demand and low provide developments, snack meals costs elevated in 2020 to beat financial instability. Conversely, throughout transport, provide chain disruptions might trigger non permanent provide shortages, pushing costs up within the brief time period.

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The fungal protein market is segmented by Kind (Fusarium venenatum extract protein, mushroom protein, and yeast extract protein), Utility (Meals and Beverage {Drinks, Bakery, Different Meals and Beverage Merchandise}, Animal Vitamin {Meals for poultry, pig feed, aquaculture feed and others}, prescribed drugs and different functions) and geography (North America, Europe, Asia-Pacific, Latin America, Center East and Africa). The examine additionally evaluates trade opponents and analyzes markets on the regional and nationwide ranges.

Primarily based on kind, the fungal protein market is segmented into yeast, fusarium venenatum, and mushroom extract protein. The yeast extract protein phase is anticipated to develop on the highest CAGR through the forecast interval as a result of rising adoption of yeast extract in packaged meals, together with frozen dinners, crackers, junk meals, sauces and broth.

Primarily based on the applying, the fungal protein market is categorized into meals and drinks, animal diet, prescribed drugs, and different functions. In 2022, it’s estimated that the meals and beverage phase will account for the most important share of the worldwide marketplace for fungal proteins. A lot of this phase is attributed to the rising world meals and beverage trade, the rising demand for mycoproteins attributable to their ldl cholesterol and satiety advantages and their dietary composition, and the rising demand for meat substitute merchandise. Moreover, rising client demand for wholesome merchandise additional drives the demand for fungal proteins within the meals and beverage trade.

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Primarily based on geography, the mushroom protein market is split into North America, Europe, Asia-Pacific, Latin America, and the Center East & Africa. By 2022, Europe is estimated to account for the most important share of the worldwide fungal protein market, adopted by North America, Asia-Pacific, Latin America, and the Center East and Africa. A lot of this market is attributed to the increasing tradition of veganism, ongoing protests in opposition to animal cruelty, and an enormous variety of health-conscious shoppers. As well as, components corresponding to elevated demand for processed meals attributable to altering consumption patterns, elevated work-at-desk cultures, and lack of time to cook dinner wholesome meals additional improve the demand for protein. fungal within the area.

A number of the key gamers working within the fungal protein market are Koninklijke DSM NV (Netherlands), Related British Meals plc (UK), Lesaffre Group (France), Kerry Group plc (Eire), Lallemand Inc. (Canada) , Oriental Yeast Co. ., Ltd. (Japan), Halcyon Proteins Pty. Ltd. (Australia), AngelYeast Co., Ltd. (China), Van Wankum Substances BV (Netherlands), and MYCORENA AB (Sweden), amongst others .

For extra data available on the market with an in depth desk of contents and figures, click on right here:

Scope of the Report:

Fungal Protein Market, By Kind

  • Fusarium toxic extract protein
  • Mushroom Protein
  • yeast extract protein

Fungal Protein Market, By Utility

  • Meals and drinks
    • Drinks
    • Bakery
    • Different meals and drinks
  • animal diet
    • chook meals
    • feed for pigs
    • aqua feed
    • Others
  • pharmaceutical merchandise
  • Different apps

Fungal Protein Market, By Geography

  • North America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • The remainder of Europe
  • Pacific Asia
    • Porcelain
    • Japan
    • India
    • Australia
    • Remainder of Asia-Pacific
  • Latin America
  • Center East and Africa

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Associated Studies:

Different Protein Market by Kind (Vegetable Protein) [Soy, Wheat, Pea]insect protein [Crickets, BSF]microbial protein [Algae Protein, Bacterial Proteins]), Utility (Meals & Beverage, Animal & Pet Meals, Nutraceuticals) – World Forecast to 2029

Plant-Primarily based Protein Market By Kind (Soy Protein, Wheat Protein, Pea Protein, Potato Protein, Rice Protein, Corn Protein), Crop Kind (GMO), Origin Course of (Natural), Utility (Meals and drinks, animal feed, dietary dietary supplements) – World forecast to 2028

Spirulina Market by Distribution Channel (Shopper Channel, Buying and selling Channel), Product Kind (Powder, Tablets, Capsules, Flakes, Phycocyanin Extract), Utility (Nutraceuticals, Meals & Beverage, Agriculture, Animal Feed): World Forecast for 2028

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