The Mycoprotein Market is expected to reach a CAGR of 5.5% during the forecast period (2024-2031).
The Mycoprotein Market, as examined in the DataM Intelligence study, offers a comprehensive overview of the industry, enriched with in-depth insights, historical data, and key statistics. The report provides a thorough analysis of market dynamics, competitive strategies, and leading players, detailing their product offerings, pricing models, financial performance, expansion strategies, and regional presence.
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The Mycoprotein Market involves the production and sale of protein-rich food products derived from fungi, primarily used as a sustainable meat alternative. It caters to health-conscious and environmentally aware consumers seeking high-protein, low-fat, and plant-based options. The market growth is driven by rising demand for vegetarian and vegan diets, innovations in food technology, and increasing awareness of sustainable nutrition.
Market Dynamics:
Rising number of vegans across the globe
Mycoprotein is a plant-based ingredient known for its high protein content, making it a popular choice among vegetarians as a meat substitute. This rising popularity, especially with the increasing number of vegans worldwide, is driving demand for mycoprotein globally. For example, a 2021 survey of 2,000 Americans commissioned by Sprouts Farmers Market and conducted by One Poll found that nearly half (47%) of respondents identify as flexitarians people who mostly follow a plant-based diet but occasionally eat meat. Interestingly, flexitarianism is more common among younger generations, with 13% of Gen Z and 10% of Gen X identifying as flexitarian, compared to just 6% of baby boomers. The flexitarian movement is also gaining momentum thanks to campaigns like Veganuary and Meatless Mondays, particularly in the UK, where about one in three people (34%) described themselves as flexitarian in 2018, up from 28% in 2017.
Major Players Shaping the Mycoprotein Market:
The prominent players in Mycoprotein market research report are: 3F Bio Ltd, MycoTechnology Inc, Tyson Ventures, Temasek Holdings, General Mills, Garden Protein International Inc, Beyond Meat Inc, Quorn Foods, MGP Ingredients Inc and Marlow Foods Ltd.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
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Market Segments
By Type: Frozen, Unfrozen.
By Distribution Channel: Supermarkets, Convenience Stores, Online Sales.
The Mycoprotein industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Mycoprotein Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America – US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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