Fungal Protein Market to Cross $6 Billion by 2027, Says Global Market Insights Inc.

Global fungal protein market value is projected to cross USD 6 billion by 2027, according to a new research report by Global Market Insights Inc. Increasing adoption of healthy dietary lifestyles and incorporation of nutrient-rich protein sources in daily diets is expected to raise the demand for fungal proteins over the forecast period.
Yeast-based fungal protein industry from pharmaceutical application is expected to exceed USD 450 million by 2027, growing at a CAGR of 5.7%. Yeast-based fungal proteins dominated the market in 2020 owing to rapid advancements in the processes for manufacturing pharmaceutical proteins used for recombinant therapeutic applications. Efforts being undertaken by researchers and biotechnologists throughout the world for developing a recombinant vaccine for COVID-19 which is based on yeast proteins, if successful, would open up new growth avenues for the market over the forecast period.
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Some key findings of the fungal protein market report include:
Browse key industry insights spread across 325 pages with 308 market data tables and 39 figures & charts from the report, “Fungal Protein Market Statistics By Product (Yeast [Baker’s Yeast, Brewer’s Yeast], By Application [Food & Beverage (Processed Food, Beverages, Bakery, Dairy), Animal Nutrition (Poultry, Swine, Aquaculture, Pet Food, Equine), Pharmaceutical]), Fusarium Venenatum (By Application [Meat Alternative, Breakfast & Cereals, Fat Substitute]), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027,” in detail along with the table of contents:
Fusarium venenatum-based fungal protein market from fat substitute application was valued at over USD 35 million in 2020 and is expected to register over 10% CAGR during the forecast period. Fusarium venenatum-based fungal proteins are expected to witness strong growth over the review period owing to rising demand for the product as a fat and gluten substitute from the dairy industry. Rising prevalence of heart problems and increasing levels of apolipoprotein B and LDL (bad) cholesterol among the global population is likely to encourage the use of low-fat alternatives such as fusarium venenatum fungal proteins in dairy products. Increasing instances of lactose intolerance and rising demand for gluten-free products should further boost market statistics.
North America fungal protein market exceeded USD 950 million in 2020 and is expected to grow at a CAGR of over 8.4% throughout the assessment period owing to rising consumer awareness regarding the importance of health and physical fitness and increasing consumption of nutritional supplements. Along with this, rapid growth of the pharmaceutical and food industries in the region should further accelerate market demand.
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Pea Protein Market Forecasts By Product (Isolate, Concentrate, Textured), Application (Meat Substitutes, Nutraceuticals, Sports Supplements), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market 2021- 2027
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: Global Market Insights Inc.