The global demand for Mycoprotein Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Mycoprotein is a source of protein-based nutrients that is mainly used in various food and beverage applications as a meat substitute due to its cholesterol benefits, satiety benefits and nutritional composition. It is a single-cell protein derived from fungi for human consumption and animal feed. Mycoprotein is high in protein and is a good source of dietary fibre, promoting weight loss. The increasing incidence of illnesses boosts consumer health and fitness awareness, which, in turn, is anticipated to drive the mycoprotein products market.
Market Dynamics
The rising trend of consumption of mycoprotein products is owing to the health benefits they offer. They have high nutritional content and can help with cholesterol. At the same time, mycoprotein products are thought to help with weight loss because they provide a feeling of fullness. These features are expected to propel the market growth of mycoprotein products. In addition to this, the fast development of the foodservice industries and the appealing marketing and promotion policies of vegetarian businesses have positively impacted the growth of the worldwide economy. However, many consumers are unaware of mycoprotein, increasing mycoprotein allergy and impeding market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of mycoprotein. The growth and trends of mycoprotein industry provide a holistic approach to this study.
Market Segmentation
This section of the mycoprotein market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Food Grade Mycoprotein
- Feed Grade Mycoprotein
By Application
- Meat Alternatives
- Pet Food
- Feed
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Mycoprotein market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Mycoprotein Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mycoprotein market include Quorn/Monde Nissin Corporation, 3fbio Ltd, Mycorena. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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