Registering a CAGR of 5.6% over the forecast period of 2022-2027, the global Mycoprotein market is anticipated to reach the market value of US$803.9 Million in the year 2027 from US$552.1 Million in the year 2021.
Mycoprotein Market Overview
Mycoprotein is a meat alternative protein source for humans. It is a type of single-cell protein derived from fungi for human consumption and animal feed. It is made by adding oxygen, nitrogen, glucose, and minerals to a fungus called fusarium venenatum. Mycoprotein has high protein and is a good source of dietary fiber, which promotes weight loss. The hunt for nutritious and convenient food items by health-conscious vegetarian consumers led to the evolvement of mycoprotein meat substitute. Increase in disposable income and health consciousness among consumers in the developing countries, due to rise in the number of health problems such as obesity and chronic diseases leads to an increase in adoption for vegetarianism and prevalence of healthy meat substitutes. Technological innovation and advancement will further optimize the performance of the product, making it extra widely used in downstream applications. Mycoprotein might help maintain healthy blood cholesterol levels, promote muscle synthesis, control glucose and insulin levels, and rise satiety. Mycoprotein’s nutritional, health, and environmental benefits affirms its role in a healthful diet.Beyond being a protein source, mycoprotein has a number of other characteristics that make it interesting. It can be tweaked to work as a fat substitute or as a cereal substitute.
Industry News:
Monde Nissin, one of the leading food consumer goods companies in the Philippines, has agreed to purchase Quorn Foods from Exponent Private Equity and Intermediate Capital Group for the amount of £550m. The purchase is expected to be completed by October 30. Quorn is an international meat alternatives business, with market leading position in 15 countries. It has around 620 employees in three UK sites, in Germany, and in the United States. Monde Nissin is building a global branded food business, diversifying into categories that focus on health and sustainability.
3F Bio Ltd operates as a biotechnology company. The Company tackles the combined issues of feeding a growing population and the unsustainable impact of traditional protein farming. 3F Bio serves customers in the United Kingdom
What are the major Applications, Types and Regions for Mycoprotein Market?
By Type, it is segmented into
By Applications it is segmented into
- Meat Alternatives
- Meat Extenders
- Pet Food
- Feed
- Others
Mycoprotein Market Regional Analysis
The Mycoprotein market in the U.S. is projected at US$149.6 Million in the year 2020. China, the world`s second main economy, is forecast to reach a projected market size of US$167.7 Million by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Mycoprotein Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Mycoprotein Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Mycoprotein Market Report Scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 5.6% during the review period (2022 to 2027).
|
By Type
|
- Feed Grade
- Food Grade
- Others
|
By Application
|
- Meat Alternatives
- Meat Extenders
- Pet Food
- Feed
- Others
|
By Companies
|
Quorn/Monde Nissin Corporation, 3fbio Ltd, Mycorena3F Bio Ltd, General Mills, Marlow Foods Ltd, MycoTechnology, Inc., Temasek Holdings, Tyson Ventures. and Others.
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
179
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Mycoprotein Report
- Evaluate Mycoprotein market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Mycoprotein market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Mycoprotein Market is studied from 2017 - 2027.
What is the growth rate of Mycoprotein Market?
The Mycoprotein Market is growing at a CAGR of 5.6% over the next 5 years.
What regions does this Mycoprotein Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
