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Global Fungal Protein Market to reach USD 388.09 million by the end of 2030.

Global Fungal Protein Market Size Study & Forecast, by Type (Yeast, Fusarium Venenatum), By Nature (Organic, Conventional), By Application (Food and beverages, Animal Nutrition, Pharmaceuticals, Others), and Regional Analysis, 2023-2030

Product Code: OIRFB-77296249
Publish Date: 27-06-2023
Page: 200

Global Fungal Protein Market is valued at approximately USD 187.77 million in 2022 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2023-2030. Fingal protein is a protein type that is derived from a fungi-based sustainable food source. It is found in various different application sources such as food and beverages, animal nutrition, pharmaceuticals, and others. It includes extract proteins derived from yeast and proteins made from Fusarium venenatum. It offers multiple features, including good source of proteins, vitamins, folic acid, and minerals, which makes it an ideal option for usage in both human food and beverage applications as well as animal feed. The surging demand for protein-reach food products, rising inclination towards plant-based diets, growing usage in animal feed, high consumption of allergen-free food, along with change in dietary patterns are major factors that are stipulating the market demand across the globe.

Additionally, functional foods are high in demand as a result of the rising prevalence of a range of diseases, growing health consciousness, shifting dietary needs, and consumers’ openness to trying new things. Functional foods offer additional health advantages over basic nutritional food. Fungal proteins have been used in the production of functional meals and supplements because they may have positive impacts on the immune system and cholesterol levels. As per Statista, in 2021, the global functional food and beverage sector was estimated to be worth around USD 281.14 billion, which is anticipated to grow and reach USD 529.66 billion by 2028. Hence, the surging demand for functional foods & beverages is playing a vital role in the growth of the Fungal Protein Market during the estimated period. Moreover, the increasing demand for meat substitutes, as well as the rising use of yeast extract in the processed food industry present various lucrative opportunities over the forecasting years. However, the imposition of stringent government regulations regarding various ingredients and the quality of ingredients used in the products, along with the availability of alternatives are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Fungal Protein Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising preference for the adoption of healthy products, increasing application in the pharmaceutical industry, and growing consumption of meat substitutes. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The development of the cosmeceuticals industry, high demand for health supplement and protein-rich food, as well as rising focus on the sustainable and eco-friendly production are significantly propelling the market demand across the region.

Major market players included in this report are:
Cayman Chemical Company
Chihon Biotechnology Co., Ltd.
Duke Thomson’s India Pvt. Ltd
DuPont de Nemours, Inc.
Mayasan Biotech
Merck Group
Royal DSM
Santa Cruz Biotechnology, Inc
Siveele B.V.

Recent Developments in the Market:
Ø In March 2022, Jimmy Joy – a food company pioneering nutritionally complete sustainable meals unveiled the introduction of the fungi-based complete meal. The company stated that they are including Mycofood (fungi-based protein) in their Plenny Shake Active range by collaborating with Eternal – one of the leading biotech companies producing fungi-based protein.

Global Fungal Protein Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Nature, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Fusarium Venenatum

By Nature:

By Application:
Food and beverages
Animal Nutrition

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Fungal Protein Market, by Region, 2020-2030 (USD Million)
1.2.2. Fungal Protein Market, by Type, 2020-2030 (USD Million)
1.2.3. Fungal Protein Market, by Nature, 2020-2030 (USD Million)
1.2.4. Fungal Protein Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fungal Protein Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fungal Protein Market Dynamics
3.1. Fungal Protein Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing consumption of allergen-free food Surging demand for functional foods & beverages
3.1.2. Market Challenges Imposition of stringent government regulations Availability of alternatives
3.1.3. Market Opportunities Increasing demand for meat substitutes Rising use of yeast extract in the processed food industry
Chapter 4. Global Fungal Protein Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Fungal Protein Market, by Type
5.1. Market Snapshot
5.2. Global Fungal Protein Market by Type, Performance – Potential Analysis
5.3. Global Fungal Protein Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Fungal Protein Market, Sub Segment Analysis
5.4.1. Yeast
5.4.2. Fusarium Venenatum
Chapter 6. Global Fungal Protein Market, by Nature
6.1. Market Snapshot
6.2. Global Fungal Protein Market by Nature, Performance – Potential Analysis
6.3. Global Fungal Protein Market Estimates & Forecasts by Nature 2020-2030 (USD Million)
6.4. Fungal Protein Market, Sub Segment Analysis
6.4.1. Organic
6.4.2. Conventional
Chapter 7. Global Fungal Protein Market, by Application
7.1. Market Snapshot
7.2. Global Fungal Protein Market by Application, Performance – Potential Analysis
7.3. Global Fungal Protein Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Fungal Protein Market, Sub Segment Analysis
7.4.1. Food and beverages
7.4.2. Animal Nutrition
7.4.3. Pharmaceuticals
7.4.4. Others
Chapter 8. Global Fungal Protein Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Fungal Protein Market, Regional Market Snapshot
8.4. North America Fungal Protein Market
8.4.1. U.S. Fungal Protein Market Type breakdown estimates & forecasts, 2020-2030 Nature breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Fungal Protein Market
8.5. Europe Fungal Protein Market Snapshot
8.5.1. U.K. Fungal Protein Market
8.5.2. Germany Fungal Protein Market
8.5.3. France Fungal Protein Market
8.5.4. Spain Fungal Protein Market
8.5.5. Italy Fungal Protein Market
8.5.6. Rest of Europe Fungal Protein Market
8.6. Asia-Pacific Fungal Protein Market Snapshot
8.6.1. China Fungal Protein Market
8.6.2. India Fungal Protein Market
8.6.3. Japan Fungal Protein Market
8.6.4. Australia Fungal Protein Market
8.6.5. South Korea Fungal Protein Market
8.6.6. Rest of Asia Pacific Fungal Protein Market
8.7. Latin America Fungal Protein Market Snapshot
8.7.1. Brazil Fungal Protein Market
8.7.2. Mexico Fungal Protein Market
8.8. Middle East & Africa Fungal Protein Market
8.8.1. Saudi Arabia Fungal Protein Market
8.8.2. South Africa Fungal Protein Market
8.8.3. Rest of Middle East & Africa Fungal Protein Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Cayman Chemical Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Chihon Biotechnology Co., Ltd.
9.3.3. Duke Thomson’s India Pvt. Ltd
9.3.4. DuPont de Nemours, Inc.
9.3.5. Galactic
9.3.6. Mayasan Biotech
9.3.7. Merck Group
9.3.8. Royal DSM
9.3.9. Santa Cruz Biotechnology, Inc
9.3.10. Siveele B.V.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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