Global Fungal Protein Market Size Study & Forecast, by Type (Yeast, Fusarium Venenatum), By Nature (Organic, Conventional), By Application (Food and beverages, Animal Nutrition, Pharmaceuticals, Others), and Regional Analysis, 2023-2030

PUBLISHED: June 27, 2023

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Global Fungal Protein Market is valued at approximately USD 187.77 million in 2022 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2023-2030. Fingal protein is a protein type that is derived from a fungi-based sustainable food source. It is found in various different application sources such as food and beverages, animal nutrition, pharmaceuticals, and others. It includes extract proteins derived from yeast and proteins made from Fusarium venenatum. It offers multiple features, including good source of proteins, vitamins, folic acid, and minerals, which makes it an ideal option for usage in both human food and beverage applications as well as animal feed. The surging demand for protein-reach food products, rising inclination towards plant-based diets, growing usage in animal feed, high consumption of allergen-free food, along with change in dietary patterns are major factors that are stipulating the market demand across the globe.

Additionally, functional foods are high in demand as a result of the rising prevalence of a range of diseases, growing health consciousness, shifting dietary needs, and consumers' openness to trying new things. Functional foods offer additional health advantages over basic nutritional food. Fungal proteins have been used in the production of functional meals and supplements because they may have positive impacts on the immune system and cholesterol levels. As per Statista, in 2021, the global functional food and beverage sector was estimated to be worth around USD 281.14 billion, which is anticipated to grow and reach USD 529.66 billion by 2028. Hence, the surging demand for functional foods & beverages is playing a vital role in the growth of the Fungal Protein Market during the estimated period. Moreover, the increasing demand for meat substitutes, as well as the rising use of yeast extract in the processed food industry present various lucrative opportunities over the forecasting years. However, the imposition of stringent government regulations regarding various ingredients and the quality of ingredients used in the products, along with the availability of alternatives are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Fungal Protein Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising preference for the adoption of healthy products, increasing application in the pharmaceutical industry, and growing consumption of meat substitutes. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The development of the cosmeceuticals industry, high demand for health supplement and protein-rich food, as well as rising focus on the sustainable and eco-friendly production are significantly propelling the market demand across the region.

Major market players included in this report are:

Cayman Chemical Company
Chihon Biotechnology Co., Ltd.
Duke Thomson's India Pvt. Ltd
DuPont de Nemours, Inc.
Galactic
Mayasan Biotech
Merck Group
Royal DSM
Santa Cruz Biotechnology, Inc
Siveele B.V.

Recent Developments in the Market:

In March 2022, Jimmy Joy - a food company pioneering nutritionally complete sustainable meals unveiled the introduction of the fungi-based complete meal. The company stated that they are including Mycofood (fungi-based protein) in their Plenny Shake Active range by collaborating with Eternal - one of the leading biotech companies producing fungi-based protein.

Global Fungal Protein Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Nature, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Yeast
Fusarium Venenatum

By Nature:

Organic
Conventional

By Application:

Food and beverages
Animal Nutrition
Pharmaceuticals
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Fungal Protein Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Fungal Protein Market, by Type, 2020-2030 (USD Million)
- 1.2.3. Fungal Protein Market, by Nature, 2020-2030 (USD Million)
- 1.2.4. Fungal Protein Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Fungal Protein Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Fungal Protein Market Dynamics

3.1. Fungal Protein Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing consumption of allergen-free food
  - 3.1.1.2. Surging demand for functional foods & beverages
- 3.1.2. Market Challenges
  - 3.1.2.1. Imposition of stringent government regulations
  - 3.1.2.2. Availability of alternatives
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing demand for meat substitutes
  - 3.1.3.2. Rising use of yeast extract in the processed food industry

Chapter 4. Global Fungal Protein Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Fungal Protein Market, by Type

5.1. Market Snapshot
5.2. Global Fungal Protein Market by Type, Performance - Potential Analysis
5.3. Global Fungal Protein Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Fungal Protein Market, Sub Segment Analysis
- 5.4.1. Yeast
- 5.4.2. Fusarium Venenatum

Chapter 6. Global Fungal Protein Market, by Nature

6.1. Market Snapshot
6.2. Global Fungal Protein Market by Nature, Performance - Potential Analysis
6.3. Global Fungal Protein Market Estimates & Forecasts by Nature 2020-2030 (USD Million)
6.4. Fungal Protein Market, Sub Segment Analysis
- 6.4.1. Organic
- 6.4.2. Conventional

Chapter 7. Global Fungal Protein Market, by Application

7.1. Market Snapshot
7.2. Global Fungal Protein Market by Application, Performance - Potential Analysis
7.3. Global Fungal Protein Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Fungal Protein Market, Sub Segment Analysis
- 7.4.1. Food and beverages
- 7.4.2. Animal Nutrition
- 7.4.3. Pharmaceuticals
- 7.4.4. Others

Chapter 8. Global Fungal Protein Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Fungal Protein Market, Regional Market Snapshot
8.4. North America Fungal Protein Market
- 8.4.1. U.S. Fungal Protein Market
  - 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Nature breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Fungal Protein Market
8.5. Europe Fungal Protein Market Snapshot
- 8.5.1. U.K. Fungal Protein Market
- 8.5.2. Germany Fungal Protein Market
- 8.5.3. France Fungal Protein Market
- 8.5.4. Spain Fungal Protein Market
- 8.5.5. Italy Fungal Protein Market
- 8.5.6. Rest of Europe Fungal Protein Market
8.6. Asia-Pacific Fungal Protein Market Snapshot
- 8.6.1. China Fungal Protein Market
- 8.6.2. India Fungal Protein Market
- 8.6.3. Japan Fungal Protein Market
- 8.6.4. Australia Fungal Protein Market
- 8.6.5. South Korea Fungal Protein Market
- 8.6.6. Rest of Asia Pacific Fungal Protein Market
8.7. Latin America Fungal Protein Market Snapshot
- 8.7.1. Brazil Fungal Protein Market
- 8.7.2. Mexico Fungal Protein Market
8.8. Middle East & Africa Fungal Protein Market
- 8.8.1. Saudi Arabia Fungal Protein Market
- 8.8.2. South Africa Fungal Protein Market
- 8.8.3. Rest of Middle East & Africa Fungal Protein Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Cayman Chemical Company
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Chihon Biotechnology Co., Ltd.
- 9.3.3. Duke Thomson's India Pvt. Ltd
- 9.3.4. DuPont de Nemours, Inc.
- 9.3.5. Galactic
- 9.3.6. Mayasan Biotech
- 9.3.7. Merck Group
- 9.3.8. Royal DSM
- 9.3.9. Santa Cruz Biotechnology, Inc
- 9.3.10. Siveele B.V.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Fungal Protein Market, report scope
TABLE 2. Global Fungal Protein Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Fungal Protein Market estimates & forecasts by Type 2020-2030 (USD Million)
TABLE 4. Global Fungal Protein Market estimates & forecasts by Nature 2020-2030 (USD Million)
TABLE 5. Global Fungal Protein Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 6. Global Fungal Protein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Fungal Protein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Fungal Protein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Fungal Protein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Fungal Protein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Fungal Protein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Fungal Protein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Fungal Protein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Fungal Protein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Fungal Protein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. U.S. Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. Canada Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20. Canada Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. Canada Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. UK Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23. UK Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. UK Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. Germany Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26. Germany Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. Germany Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. France Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29. France Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. France Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. Italy Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32. Italy Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Italy Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Spain Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35. Spain Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. Spain Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. RoE Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38. RoE Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. RoE Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. China Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41. China Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. China Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. India Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44. India Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. India Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. Japan Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47. Japan Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. Japan Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. South Korea Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50. South Korea Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. South Korea Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. Australia Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53. Australia Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. Australia Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. RoAPAC Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56. RoAPAC Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. RoAPAC Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. Brazil Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59. Brazil Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Brazil Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Mexico Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62. Mexico Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. Mexico Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. RoLA Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65. RoLA Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. RoLA Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. Saudi Arabia Fungal Protein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68. South Africa Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. RoMEA Fungal Protein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Fungal Protein Market
TABLE 71. List of primary sources, used in the study of global Fungal Protein Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered