United States Mycoprotein Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
The US mycoprotein market is rapidly gaining traction as the demand for sustainable and protein-rich food alternatives increases. Mycoprotein, a fungal-based protein, has been recognized for its health benefits and minimal environmental impact. It is a promising solution to address the growing need for plant-based proteins, which is not only driven by consumer health trends but also by the increasing demand from various industries seeking sustainable protein sources.
Mycoprotein is produced by fermenting fungi, specifically Fusarium venenatum, and is commonly used in meat substitutes, snacks, and ready-to-eat meals. Its texture and nutritional profile make it an ideal ingredient for plant-based products that mimic meat, appealing to a growing consumer base that prefers vegetarian or vegan options. The mycoprotein market in the US is fueled by rising awareness about the environmental impact of traditional meat production, with many industries seeking plant-based alternatives to reduce their carbon footprint.
Various sectors, including food manufacturing, hospitality, and retail, are increasingly incorporating mycoprotein in their product lines. The food industry, in particular, is looking to meet the surging demand for meatless products. According to industry reports, the plant-based protein market is expected to grow at a compound annual growth rate (CAGR) of 7.5% between 2024 and 2030. Mycoprotein is expected to play a crucial role in this expansion due to its versatility and high nutritional content.
In addition to its use in food products, mycoprotein is also gaining attention from the dietary supplement industry. With its high fiber and protein content, it is increasingly being included in plant-based protein powders and meal replacement products. This shift is driven by the growing trend of fitness enthusiasts and health-conscious individuals seeking plant-based protein options to support their active lifestyles.
The mycoprotein market in the US continues to evolve, with companies focusing on innovation and sustainability. As consumer preferences shift towards healthier and more sustainable food choices, mycoprotein presents an exciting opportunity for industries to meet these demands while contributing to a more sustainable food system.
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Quorn/Monde Nissin Corporation
ENOUGH (3fbio Ltd)
Mycorena
Mycovation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Mycoprotein Market
Whole Mycoprotein
Mycoprotein-based Ingredients
Frozen
Dry
Fresh
Meat Alternatives
Snack Foods
Ready-to-Eat Meals
Fungi
Bacteria
Vegetarians
Vegans
Flexitarians
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Mycoprotein Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Mycoprotein Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Mycoprotein Market, By Type
6. US Mycoprotein Market, By Application
7. US Mycoprotein Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Mycoprotein Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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