Fungal Protein Market size is projected to garner $386.6 million by 2030 | CAGR 9.5%

Rise in consumer demand for allergen-free foods, change in dietary patterns, growth in disposable income in developing countries drive the growth of the market.

According to the report published by Allied Market Research, the global fungal protein market generated $156.6 million in 2020, and is expected to garner $386.6 million by 2030, witnessing a CAGR of 9.5% from 2021 to 2030. The research provides an extensive analysis of changing market trends, top winning strategies, key segments, pricing strategies, product portfolio, and competitive scenario.

Rise in consumer demand for allergen-free foods, change in dietary patterns, and growth in disposable income in developing countries drive the growth of the global fungal protein market. In addition, the consumer awareness about healthy diet further fuel the growth of the market. However, availability of healthier substitutes and undefined regulatory guidelines restrain the market growth. Contrarily, product innovation and rise in demand for protein ingredients and surge in use of yeast extract in processed food industry are the factors estimated to present new opportunities in the next few years.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/12731

Covid-19 Scenario:

The outbreak of covid-19 doesn’t affected much to the industry as it comes under essential services. However, the travel ban and lockdown issued to curb the spread of covid-19 led to disrupted supply chains.
At the same time, the government bodies have now issued certain relaxations on the existing regulations. Owing to which the market would recoup soon.
The report offers a detailed segmentation of the global fungal protein market based on type, nature, application, and region.

On the basis of food type, the yeast segment held more than four-fifths of the total market share of the global fungal protein market in 2020, and is projected to maintain its leadership position during the forecast period. However, the fusarium venenatum is expected to witness the fastest CAGR of 10.7% from 2021 to 2030.

Get detailed COVID-19 impact analysis on the Fungal Protein Market: https://www.alliedmarketresearch.com/request-for-customization/12731?reqfor=covid

Based on nature, the organic segment accounted for the highest share with more than four-fifths of the total share in 2020, and is projected to maintain its lead throughout the forecast period. Furthermore, the segment is also projected to garner the highest CAGR of 10.0% from 2021 to 2030.

Geographically, Europe contributed to the highest market share in terms of revenue, accounting for more than one-third of the global market in 2020, and is expected to maintain its dominant share throughout the forecast period. However, the Asia-Pacific is expected to manifest the highest CAGR of 10.1% from 2021 to 2030. The other two provinces studied in the report include LAMEA and North America.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/12731

Key players analyzed in the report of the global fungal protein market include Cayman Chemical Company, Chihon Biotechnology Co., Ltd., Duke Thomson’s India Pvt. Ltd, DuPont de Nemours, Inc., Galactic, Mayasan Biotech, Merck Group, Royal DSM, Santa Cruz Biotechnology, Inc, and Siveele B.V.

Similar Reports:
Global Infant Nutrition Market Expected to Reach $61.6 Billion by 2026
Egg Protein Market Expected to Reach $38,905.9 Million by 2026

Upcoming Reports:
Potato Flakes Market – https://www.alliedmarketresearch.com/potato-flakes-market-A06716
Pulse Flour Market – https://www.alliedmarketresearch.com/pulse-flour-market-A06673
Craft Chocolate Market – https://www.alliedmarketresearch.com/craft-chocolate-market-A06861
Air Dried Vegetables Market – https://www.alliedmarketresearch.com/air-dried-vegetables-market-A07091

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Related Articles

Back to top button