Press release
United States Mycoprotein Market to hit US$ 957.78 Million by 2031 | Europe leads with 35% share | Top Companies - 3F Bio Ltd, MycoTechnology Inc, Tyson Ventures
Leander, Texas and Tokyo, Japan - Feb.06.2026As per DataM intelligence research report "The global mycoprotein market is expected to reach US$ 3192.62 Million in 2031, from its recorded value of US$ 926.58 Million in 2023, exhibiting a CAGR of 16.95% during the forecast period."
Growth is supported by rising demand for sustainable and alternative protein sources. Meat substitutes and ready-to-eat products dominate adoption. Food manufacturers and health-conscious consumers drive market expansion.
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Mycoprotein Market: Competitive Intelligence
3F Bio Ltd, MycoTechnology Inc, Tyson Ventures, Temasek Holdings, General Mills, Garden Protein International Inc, Beyond Meat Inc, Quorn Foods, MGP Ingredients Inc
In the Mycoprotein Market, a dynamic lineup of innovators - 3F Bio Ltd, MycoTechnology Inc, Tyson Ventures, Temasek Holdings, General Mills, Garden Protein International Inc, Beyond Meat Inc, Quorn Foods, and MGP Ingredients Inc are collectively expanding both the scale and application of mycoprotein as a sustainable, high‐quality protein alternative. These companies support the market's growth by advancing fermentation‐based production, enhancing sensory and nutritional profiles, and integrating mycoprotein into mainstream food offerings that meet rising consumer demand for health‐forward, environmentally conscious proteins. Quorn Foods and Beyond Meat Inc have helped normalize mycoprotein and related alternative proteins through broad retail and foodservice distribution, reinforcing confidence in non‐animal protein sources. At the same time, diversified food enterprises like General Mills and Garden Protein International Inc leverage their development and commercialization expertise to bring mycoprotein formulations into familiar, accessible products. Investment and strategic backing from entities such as Tyson Ventures and Temasek Holdings further strengthen industry momentum by channeling capital into scale‐up, R&D, and market expansion initiatives.
Individually and together, these organizations reinforce the Mycoprotein Market's trajectory toward broader adoption, innovation, and supply chain resilience. 3F Bio Ltd and MycoTechnology Inc contribute cutting‐edge fermentation platforms and ingredient enhancements that improve functional performance and cost efficiency, helping to lower barriers for ingredient adoption across food categories. MGP Ingredients Inc expands this foundation with fermentation‐derived components that support product texture and nutritional optimization, complementing broader portfolio diversification. Quorn Foods' deep category expertise and Beyond Meat's brand strength help elevate consumer awareness and trust, while General Mills and Garden Protein International Inc bring critical scale and formulation capabilities that enable mycoprotein's integration into mass‐market products. Together, their strengths create a competitive advantage that accelerates product innovation, expands market reach, and supports sustained growth of mycoprotein‐based solutions.
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Technological Advancements
✅ Feb 2026 - Optimization of Fermentation Processes for Mycoprotein
Food technology companies advanced fermentation techniques to increase yield, protein content, and texture of mycoprotein, improving scalability for mass-market meat alternatives.
✅ Jan 2026 - Enhancement of Nutritional Profile
Research efforts focused on optimizing amino acid balance, fiber content, and bioavailability in mycoprotein-based products to meet nutritional and functional food requirements.
✅ Nov 2025 - Application of AI in Mycoprotein Production
Producers integrated AI-driven process monitoring and predictive modeling to optimize fermentation parameters, reduce downtime, and ensure consistent product quality.
Product Launches & Innovations
✅ Feb 2026 - Launch of Ready-to-Cook Mycoprotein Products
Food brands introduced new ready-to-cook mycoprotein-based products, including burger patties, meatballs, and nuggets, targeting plant-based and sustainable protein markets.
✅ Dec 2025 - Expansion of Functional Food Applications
Manufacturers developed mycoprotein-based nutritional bars, shakes, and fortified foods, offering high-protein alternatives for sports nutrition and general wellness consumers.
✅ Nov 2025 - Introduction of Clean-Label Mycoprotein Ingredients
Ingredient suppliers launched clean-label, minimally processed mycoprotein powders for use in food formulations, catering to growing consumer demand for natural and sustainable ingredients.
Mergers & Acquisitions
✅ Jan 2026 - Strategic Acquisition of Mycoprotein Facility
A plant-based food company acquired a mycoprotein production facility to expand manufacturing capacity and strengthen its alternative protein portfolio.
✅ Dec 2025 - Collaboration-Driven Consolidation in Plant-Based Proteins
Two plant-based ingredient suppliers merged operations to combine mycoprotein production expertise and scale up supply for global markets.
✅ Nov 2025 - Expansion of Mycoprotein Supply Chain Through Acquisition
A food technology company acquired a regional mycoprotein ingredient supplier to secure consistent raw material supply and improve distribution efficiency.
Segment Covered in the Mycoprotein Market:
By Type
The market is segmented into Frozen 60% and Unfrozen 40%, with frozen mycoprotein dominating due to longer shelf life, ease of storage, and widespread use in ready-to-cook and ready-to-eat meat alternative products. Frozen formats are preferred by manufacturers and retailers for supply chain efficiency. Unfrozen mycoprotein is gaining traction in fresh and chilled food segments, supported by increasing demand for clean-label and minimally processed foods.
By Distribution Channel
Distribution channels include Supermarkets 50%, Online Sales 30%, and Convenience Stores 20%, with supermarkets leading due to strong shelf presence, wider product assortment, and consumer trust in organized retail. Online sales are growing rapidly driven by rising e-commerce adoption, home delivery convenience, and direct-to-consumer plant-based brands. Convenience stores support impulse purchases and urban consumption.
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Regional Analysis
Europe - 35% Share
Europe leads with 35% share, driven by high adoption of meat alternatives, strong vegetarian and flexitarian populations, and early commercialization of mycoprotein-based foods, particularly in the UK, Germany, and the Netherlands. Frozen products dominate. Supermarkets are the primary distribution channel. Sustainability and animal welfare concerns drive demand.
North America - 25% Share
North America accounts for 25% share, supported by growing consumer interest in alternative proteins, expanding plant-based food portfolios, and increasing availability through major retail chains in the U.S. and Canada. Online sales show strong growth. Health and environmental awareness support market expansion.
Asia Pacific - 20% Share
Asia Pacific holds 20% share, driven by rising urbanization, increasing protein demand, and growing acceptance of plant-based foods in markets such as China, Japan, and Australia. Unfrozen and fresh product formats are gaining popularity. Online and supermarket channels dominate distribution.
Latin America - 10% Share
Latin America records 10% share, supported by increasing awareness of sustainable protein sources and gradual expansion of plant-based food offerings in Brazil and Mexico. Supermarkets dominate sales. Price sensitivity influences product adoption.
Middle East & Africa - 10% Share
The Middle East & Africa accounts for 10% share, driven by emerging plant-based food trends, growing expatriate populations, and expanding modern retail infrastructure. Frozen mycoprotein products dominate. Gradual consumer education supports steady market growth.
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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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