According to a new report by Future Market Insights, a
market research and competitive intelligence firm, Mycoprotein
Market are expected to reach USD 976 million by 2032, growing at a
CAGR of 12.6 % over the decade.
Consumer health and fitness awareness is predicted to rise
as illness incidence rises, driving the market for mycoprotein products.
Furthermore, worldwide economic growth has been supported by the fast expansion
of the foodservice sectors, as well as the appealing marketing and promotion
methods of vegetarian businesses.
The growth of the mycoprotein goods sector is being stifled
by an increase in the number of new, low-cholesterol meat product lines, such
as lean meat in developed economies.
Alternative meat products, such as plant-based proteins and
mycoprotein products, have gained in popularity in both developed and
developing nations 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.
“ The growing focus on the
consumption of Mycoprotein in developed regions such as Europe and North
America is likely to open lucrative opportunity for market players in the long
run”, –says a lead analyst at Future Market Insights.
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, Mycoprotein Market is Segmented as:
- Minced
- Slices
By Sales Channel, Mycoprotein Market is Segmented as:
- Supermarkets
/ Hypermarkets
- Convenience
Stores
- Specialty
Stores
- Online
Stores
By Region, Mycoprotein Market is Segmented as:
- North
America
- Latin
America
- Europe
- Middle
east and Africa
- East
Asia
- South
Asia
- Oceania
Read More: https://www.futuremarketinsights.com/reports/mycoprotein-market