According to a new report by Future Market Insights, a market research and competitive intelligence firm, Mycoprotein Market are expected to reach US$ 976 million by 2032, growing at a CAGR of 12.6 % over the decade.
The prevalence of sickness, as well as increased consumer awareness of health and fitness, are expected to drive the market for mycoprotein products. The global economy has grown as a result of the booming foodservice industry and the tempting marketing and advertising methods employed by vegetarian enterprises.
The advent of new, low-cholesterol meat product lines such as lean beef in industrialised nations is limiting the growth of the mycoprotein products sector.
Discover the Power of Knowledge! Get our Report Sample Now and Elevate Your Understanding
https://www.futuremarketinsights.com/reports/sample/rep-gb-14826
Plant-based proteins and mycoprotein products, for example, have grown in popularity in both developed and developing countries over the years.
Key Takeaways from Market Study
- North America is expected to have 38% Mycoprotein market share.
- US holds 65 % Mycoprotein market share in North American Market.
- Europe is expected to have 31 % Mycoprotein market share.
- Germany holds 22 % Mycoprotein market share in European Market.
- Asia is expected to have 20 % Mycoprotein market share.
- China holds 32 % Mycoprotein market share in Asian Market.
- Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.
Competitive Landscape
Mycoprotein have a strongly competitive global market. The most challenging aspect of producing mycoprotein products is the reliance on a single carbon source, wheat-derived glucose, which requires particular processing before use.
Competitors seek to boost the nutritional value of mycoprotein products as well as the variety of carbon sources available.
Some of the leading companies offering Marlow Foods Ltd, 3F Bio Ltd, Myco Technology, Inc., Tyson Ventures, Temasek Holdings and General Mills are the major players in the market.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Mycoprotein presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Mycoprotein Market by Category
By Form, the Mycoprotein Market is Segmented as:
- Minced
- Slices
By Sales Channel, the Mycoprotein Market is Segmented as:
- Supermarkets / Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
By Region, the Mycoprotein Market is Segmented as:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
