The Fungal Protein market is expected to witness significant growth
The global fungal protein market size was valued at $156.6 million in 2020, and is expected to reach $386.6 million by 2030, registering a CAGR of 9.5% from 2021 to 2030. The global fungal protein market is driven by factors such as rise in demand for yeast extract and beta-glucan among health-conscious consumers.
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Key Players Are:
The key players profiled in this report include AB Mauri, Angel Yeast, Alltech, Halcyon Proteins, Kerry Group, Lallemand, Inc., Royal DSM., Sensient Technologies Corporation, and Specialty Biotech Co.,Ltd
Key Findings of the Study
By type, the yeast segment held the highest share, accounting for 82.7% of the global fungal protein market.
Based on nature, the conventional segment held the major share of 55.6% of the market
Region wise, Europe held the major share in the market and is expected to remain dominant throughout the forecast period.
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The demand for fungus-based protein products has increased due to changes in eating patterns and rise in consumption of processed food coupled with high disposable income in developing countries. Moreover, increase in the use of yeast extract in the processed food industry has led to spiraling increase in the number of yeast manufacturers.
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