Fungal Protein: Types, Application and Future Opportunities

Fungal protein is a protein derived from fungi-based sustainable food source. It includes extract proteins made from yeast and proteins made from Fusarium venenatum. It has many benefits, including being a high source of minerals, vitamins, folic acid, and proteins, which makes it a great option for use in animal feed as well as human food and beverage applications.

The growth of this market is expected to be driven by factors such as rapidly growing demand for allergen-free foods, rising consumption of processed food, and growing demand for meat-substitute products. Moreover, the rising adoption of yeast extract in the processed food industry is expected to offer significant growth opportunities for players in the fungal protein market.

The Fungal Protein Market is expected to reach $397.5 million by 2029, at a CAGR of 7.6% during the forecast period 2022–2029.