Mycoprotein Meat Substitute Market Poised to Achieve Significant Growth by 2026

Worldwide Market Reports added Latest Research Report titled “Mycoprotein Meat Substitute Market - Size, Share, Outlook, and Forecast till 2026" to its Large Report database.

Mycoprotein is a type of single-cell protein derived from fermentation of fungi Fusarium venenatum. The fermented solids are combined with egg whites, wheat protein, and other ingredients, which are texturized into meat-like shapes and packaged as meat substitutes for human consumption. Mycoprotein is commonly found in Quorn products, a brand of meat substitutes that includes a variety of products ranging from Quorn chicken nuggets to burgers and sausages. Mycoprotein foods mimic the taste and texture of real meat and they are better than other meat substitutes such as tempeh or seitan.

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Health advantages offered by mycoprotein is the major factor driving growth of the mycoprotein meat substitute market. Mycoprotein is high in protein and fiber and offers several health benefits such as it promotes weight loss, supports digestive health, provides complete protein, lowers cholesterol, and regulates blood sugar. Increasing number of population suffering from various health disorders such as obesity, high blood pressure, cardiovascular disorders, and digestive disorders are propelling demand for consumption of healthy food, which in turn is boosting growth of the mycoprotein meat substitute market, owing to health benefits associated with it.

However, consumption of mycoprotein meat substitute is associated with adverse side effects such as allergic reaction resulting into symptoms such as nausea, vomiting, diarrhea, and inflammations, which are major factors restraining growth of the mycoprotein meat substitute market size. According to the Center for Science in the Public Interest, at least 2,000 reports have been collected from consumers who suffered allergic reactions and two deaths have even been linked to consumption of productions containing mycoprotein, while 10% of participants experienced symptoms such as nausea, vomiting or stomach pain.

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Key Developments in Mycoprotein Meat Substitute Market

Market players are engaged in developing meat substitutes in order to meet increasing demand for meat-like products. For instance, in February 2018, Quorn Foods – manufacturer of vegetarian and vegan alternative products - released vegan deli slices as meat-free diet in the UK. The company concerns around animal welfare, the environment, and health, which are driving people towards vegan, vegetarian, and flexitarian diets. Furthermore, the Canadian company’s new meatless product line, trademarked as Gardein includes meatballs, pulled pork, chicken patties, sliders, cutlets, and roasts.

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Key players operating in mycoprotein meat substitute market include Archer Daniels Midland Company (ADM), E. I. du Pont de Nemours and Company, Nisshin OlliO Group Ltd., Soic Biochem Extractions Ltd., Garden Protein International Inc., MGP Ingredients Inc., Beyond Meat Inc., Amy's Kitchen Inc., and Quorn Foods.

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