Press release
Fungal Protein Market Surge: Detailed Analysis of Market Size, Growth Rate, Driving Factors and Emerging Trends
Fungal Protein Market Size
Exploring the Projected Global Fungal Protein Market Size and Its Growth Rate_x000D_
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• The fungal protein market has experienced strong growth in recent years._x000D_
• The market is expected to grow from $4.06 billion in 2024 to $4.34 billion in 2025, depicting a compound annual growth rate (CAGR) of 6.9%._x000D_
• This growth can be attributed to increasing demand for plant-based proteins, rising interest in alternative protein sources, allergies to animal proteins, expansion of the food and beverage industry, environmental sustainability concerns, and governmental initiatives and regulations._x000D_
• The market is projected to grow further to $5.71 billion in 2029 at a CAGR of 7.1% - driven by increasing consumer awareness, growth of vegan markets, expanding applications in various industries, global population growth, and investments in alternative proteins._x000D_
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What Is Driving the Growth in the Fungal Protein Market?_x000D_
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The increased consumption of processed foods is significantly fuelling the growth of the fungal protein market. The need for sustainable substitutes for meat and other protein sources in processed foods has led to increased use of fungal protein, which has less environmental impact compared to livestock protein. For example, according to the National Association of Convenience Stores (NACS), the foodservice sales in the industry made up 26.9% of in-store sales in 2023, an increase from 25.6% in 2022._x000D_
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Who Are the Key Players Driving Fungal Protein Market Growth?_x000D_
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The major companies operating in the fungal protein market include:_x000D_
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• Cayman Chemical Company_x000D_
• Chiron Biotechnology Co. Ltd._x000D_
• Duke Thomson's India Pvt. Ltd._x000D_
• DuPont de Nemours Inc._x000D_
• Merck Group_x000D_
• Royal DSM_x000D_
• Santa Cruz Biotechnology Inc._x000D_
• Siveele B.V._x000D_
• Halcyon Proteins Pty. Ltd._x000D_
• Kerry Group Plc.,_x000D_
• Lallemand Inc._x000D_
• Lesaffre Group_x000D_
• AngelYeast Co. Ltd._x000D_
• Associated British Foods Plc._x000D_
• Koninklijke DSM N.V._x000D_
• MycoTechnology Inc._x000D_
• Meati Foods_x000D_
• Quorn Foods_x000D_
• White Dog Labs_x000D_
• 3F BIO Ltd._x000D_
• Nature's Fynd_x000D_
• Sustainable Bioproducts_x000D_
• Perfect Day_x000D_
• Solar Foods_x000D_
• Geltor Inc._x000D_
• Clara Foods_x000D_
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What Are The Key Trends In The Fungal Protein Market?_x000D_
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The key trends observed in the fungal protein market include:_x000D_
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• Increasing consumer demand_x000D_
• Product innovation_x000D_
• Expanding applications in various industries_x000D_
• Supply chain sustainability_x000D_
• Market penetration at a global level_x000D_
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What Are The Segments Of The Global Fungal Protein Market?_x000D_
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The global fungal protein market is segmented as follows:_x000D_
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• By Type: Fusarium Venenatum Extract, Mushrooms, Yeast Extract_x000D_
• By Nature: Organic, Conventional_x000D_
• By Application: Food And Beverages, Bakery, Processed Food, Dairy, Other Applications_x000D_
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Which Region Leads The Fungal Protein Market?_x000D_
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Europe was the largest region in the fungal protein market in 2024. The regions covered in the fungal protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/fungal-protein-global-market-report_x000D_
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What Is Covered In The Fungal Protein Market Global Market Report?_x000D_
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Market Size Analysis: Analyze the Fungal Protein Market size by key regions, countries, product types, and applications._x000D_
Market Segmentation Analysis: Identify various subsegments within the Fungal Protein Market for effective categorization._x000D_
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
Market Contribution: Evaluate contributions of different segments to the overall Fungal Protein Market growth._x000D_
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
Industry Challenges: Analyze challenges and risks affecting the Fungal Protein Market._x000D_
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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