Fungal Protein: Types, Application and Future Opportunities

Fungi-based protein is becoming popular amidst the growing need for high-protein food products. Consumers are inclined toward sustainable protein sources, increasing the demand for alternative proteins. Animal-based protein sources need a lot of resources, negatively impacting the environment because of greenhouse gas emissions.

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.