Global Fungal Protein Market Projected to Surpass $5.71 Billion by 2029 with 7% Annual Growth

What combination of drivers is leading to accelerated growth in the fungal protein market?
The upswing in processed food consumption is playing a key role in boosting the fungal protein market's expansion. Processed food entails any food item that has undergone an array of mechanical or chemical alterations for preservation or modification. As a more sustainable and less pollutant alternative to meat or other forms of protein, fungal protein is often used in processed foods. To illustrate, the National Association of Convenience Stores (NACS), a trade association in the US, disclosed data in April 2024, demonstrating that foodservice sales accounted for 26.9% of in-store sales in 2023, an increase from 25.6% in 2022. Prepared food sales saw an increase of 12.2% per store monthly, establishing it as the highest in-store category. As a result, the steady rise in processed food consumption will stimulate the growth of the fungal protein market.

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What is the projected compound annual growth rate (CAGR) of the fungal protein market from 2025 to 2034, and what factors influence it?
The market size for fungal proteins has seen robust growth in the recent past. The increase from $4.06 billion in 2024 to $4.34 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%, indicates this prominence. The significant growth during the historical period is due to factors such as increased demand for proteins derived from plants, a surge in interest in alternative protein sources, a rise in allergies to animal-based proteins, expansion in the food and beverage sector, concerns related to environmental sustainability, and government initiatives and regulations.

A significant acceleration in the growth of the market for fungal proteins is foreseen in the coming years. Expectations suggest the market will surge to a staggering $5.71 billion by 2029, with a compound annual growth rate (CAGR) of 7.1%. This predicted growth during the forecasted period can be credited to factors such as rising consumer awareness, broadening vegan population, extensive applications across multiple sectors, population growth on a global scale, and investments in alternative proteins. Key trends anticipated in the forecast period encompass an upsurge in consumer demand, innovation in products, extension of applications, the sustainability of the supply chain, and the penetration of the global market.

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How are the latest trends influencing the growth of the fungal protein market?
In the fungal protein market, innovation has emerged as a significant trend gaining traction. The primary firms in the market are concentrating on crafting unique solutions and exploring unconventional methods to work with myco-proteins, in an attempt to secure a competitive advantage. An illustration of this is when Calysta, a biotechnology firm based in the UK, introduced a novel range of single-cell protein products formulated through natural gas fermentation in August 2024. The main objective of this launch was to offer an eco-friendly substitute for conventional animal proteins. This groundbreaking technique employs a patented fermentation system that transforms methane into top-notch protein, meeting the escalating demand for sustainable food sources. Calysta's product offerings, inclusive of FeedKind and Positive Protein, are crafted for application in animal feed as well as human food, bolstering environmental sustainability by cutting down dependence on arable land and conventional protein sources.

What are the major segments of the fungal protein market and their role in driving growth?
The fungal protein market covered in this report 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

Subsegments:
1) By Fusarium Venenatum Extract: Whole Biomass, Protein Isolates
2) By Mushrooms: Edible Mushrooms, Medicinal Mushrooms
3) By Yeast Extract: Nutritional Yeast, Baker's Yeast, Brewer's Yeast

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Which regions are key players in the growth of the fungal protein market?
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, Africa

Who are the key firms paving the way for growth in the fungal protein market?
Major companies operating in the fungal protein market include Cayman Chemical Company, Chiron Biotechnology Co. Ltd., Duke Thomson's India Pvt. Ltd., DuPont de Nemours Inc., Merck Group, Royal DSM, Santa Cruz Biotechnology Inc., Siveele B.V., Halcyon Proteins Pty. Ltd., Kerry Group Plc., Lallemand Inc., Lesaffre Group, AngelYeast Co. Ltd., Associated British Foods Plc., Koninklijke DSM N.V., MycoTechnology Inc., Meati Foods, Quorn Foods, White Dog Labs, 3F BIO Ltd., Nature's Fynd, Sustainable Bioproducts, Perfect Day, Solar Foods, Geltor Inc., Clara Foods

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What Is Covered In The Fungal Protein Global Market Report?

• Market Size Forecast: Examine the fungal protein market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the fungal protein market for a structured understanding.
• Key Players Overview: Analyze major players in the fungal protein market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fungal protein market.
• Segment Contributions: Evaluate how different segments drive overall growth in the fungal protein market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fungal protein market.
• Industry Challenges: Identify potential risks and obstacles affecting the fungal protein market.
• Competitive Landscape: Review strategic developments in the fungal protein market, including expansions, agreements, and new product launches.

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