Mycoprotein Market by Type (Feed Grade Mycoprotein, Food Grade Mycoprotein), Application (Meat Alternatives, Pet Food, Feed), and Region (North America, Asia pacific, Latin America, Europe, Middle East and Asia), Global trends and forecast from 2022 to 2029

Published on: Mar 2022
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Market Size	CAGR	Dominating Region
USD 948.86 million	5.7%	Asia Pacific:

by Type	by Application
Feed Grade Mycoprotein Food Grade Mycoprotein	Meat Alternatives Pet Food Feed

5/5 - (15 votes)

Mycoprotein Market Overview

The global Mycoprotein market estimated at USD 576.14 million in the year 2020, is projected to reach a revised size of USD 948.86 million by 2029, growing at a CAGR of 5.7% over the analysis period 2022-2029.

Mycoprotein, derived from the filamentous fungus Fusarium venenatum, serves as a prominent protein source widely utilized as a substitute for meat in vegetarian and vegan food items. Characterized by a fibrous texture reminiscent of meat, mycoprotein finds application in the production of meat analogs such as burgers, sausages, and nuggets. Abundant in protein and fiber, and low in fat with no cholesterol content, mycoprotein appeals to consumers seeking plant-based dietary alternatives. Produced through a fermentation process employing glucose and other nutrients, mycoprotein emerges as a sustainable and environmentally friendly protein alternative.

Mycoprotein Market | Exactitude Consultancy

The burgeoning awareness of mycoprotein’s nutritional benefits, propelled by educational campaigns and extensive media coverage, acts as a driving force behind market expansion. Strategic emphasis on its health benefits and palatable characteristics enables companies to leverage effective branding and marketing strategies, fostering increased demand for mycoprotein-based products. Moreover, in response to the growing trend towards personalized nutrition, companies are exploring avenues to offer customized mycoprotein solutions tailored to individual preferences. This trend aligns with consumer inclinations towards organic and clean label products, which are gaining traction due to mounting health consciousness and concerns regarding food quality and safety. As consumers increasingly seek healthier and more sustainable dietary options, the mycoprotein market is poised for significant growth.

Regulatory oversight from authorities such as the Food and Drug Administration (FDA) in the United States, the European Food Safety Authority (EFSA) in the European Union, and the Food Standards Australia New Zealand (FSANZ) in Australia and New Zealand is pivotal in ensuring the safety and nutritional adequacy of mycoprotein products. These agencies meticulously evaluate various aspects including production processes, allergenicity, and potential health implications to ascertain compliance with stringent safety standards prior to commercialization.

Mycoprotein Market Segment Analysis

The market is segmented on the basis of type and application.

Based on type, the market is further segmented into feed grade mycoprotein, food grade mycoprotein.

Based on applications the market is further segmented into meat alternatives, pet food and feed.

Mycoprotein Market Players

The key players dominating the market are 3F Bio Ltd, General Mills, Marlow Foods Ltd, MycoTechnology, Inc., Temasek Holdings, Tyson Ventures.

3F Bio Ltd operates as a biotechnology company. The Company tackles the combined issues of feeding a growing population and the unsustainable impact of traditional protein farming. 3F Bio serves customers in the United Kingdom.
Quorn Foods is trying to stay as an appealing provider with investments in marketing and category management of their meat substitute and mycoprotein brand “Quorn”. The company invests 15% of its revenue in the marketing of meat substitute products and spends 12 million euros annually on R&D
Argentinian tech firm Enye Technologies has optimized the production process for
mycoprotein products, allowing for cheaper production both industrially and at home. The company is focusing on the development of mycoprotein products for business to business (B2B) and business to consumers (B2C) by establishing joint licensing ventures with food companies and multinationals.

Who Should Buy? Or Key Stakeholders

Mycoprotein Manufacturers
Food Industry
Investors
Manufacturing companies
End user companies
Others

Key Takeaways:

The global Mycoprotein market estimated to be growing at a CAGR of 5.7% during the forecast period.
Food grade mycoprotein dominates the market based on type in Mycoprotein market.
Pet Food mycoprotein dominates the market based on application in Mycoprotein market
Asia Pacific is the dominating the market and accounts for the largest share globally.
One major trend in the mycoprotein market is the increasing consumer demand for sustainable and plant-based protein sources, driven by growing environmental awareness and health consciousness.

Mycoprotein Market Regional Analysis

The global mycoprotein market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

North America: includes the US, Canada, Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

Asia Pacific is the dominating the market and accounts for the largest share globally.

Key Market Segments: Mycoprotein Market

Mycoprotein Market by Type, 2020-2029, (USD Million) (Kilotons)

Feed Grade Mycoprotein
Food Grade Mycoprotein

Mycoprotein Market by Application, 2020-2029, (USD Million) (Kilotons)

Meat Alternatives
Pet Food
Feed

Mycoprotein Market by Region, 2020-2029, (USD Million) (Kilotons)

North America
Europe
Asia Pacific
South America
Middle East And Africa

Important countries in all regions are covered.

Key Question Answered

What are the growth opportunities related to the adoption of mycoprotein across major regions in the future?
What are the new trends and advancements in the mycoprotein market?

Which product categories are expected to have highest growth rate in the mycoprotein market?

Which are the key factors driving the mycoprotein market?
What will the market growth rate, growth momentum or acceleration the market carries during the forecast period?

Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions and Limitations
Research Methodology
1. Data Mining
  1. Secondary Research
  2. Primary Research
  3. Subject-Matter Experts’ Advice
2. Quality Checks
  1. Final Review
3. Data Triangulation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Research Flow
4. Data Sources
Executive Summary
Market Overview
1. Global Mycoprotein Market Outlook
  1. Market Drivers
  2. Market Restraints
  3. Market Opportunities
2. Impact of Covid-19 On Global Mycoprotein Market
Global Mycoprotein Market by Type, (USD Million) (Kilotons)
1. Feed Grade Mycoprotein
2. Food Grade Mycoprotein
Global Mycoprotein Market by Application, (USD Million) (Kilotons)
1. Meat Alternatives
2. Pet Food
3. Feed
Global Mycoprotein Market by Region, (USD Million) (Kilotons)
1. Introduction
2. Asia-Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Australia
  6. South-East Asia
  7. Rest of Asia-Pacific
3. North America
  1. United States
  2. Canada
  3. Mexico
4. Europe
  1. Germany
  2. United Kingdom
  3. France
  4. Italy
  5. Spain
  6. Russia
  7. Rest of Europe
5. South America
  1. Brazil
  2. Argentina
  3. Colombia
  4. Rest of South America
6. Middle East and Africa
  1. UAE
  2. Saudi Arabia
  3. South Africa
  4. Rest of Middle East and Africa
Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)

1. 3F Bio Ltd
2. General Mills
3. Marlow Foods Ltd
4. MycoTechnology, Inc.
5. Temasek Holdings
6. Tyson Ventures
7. Others

*The Company List Is Indicative

LIST OF TABLES

TABLE 1 GLOBAL MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 2 GLOBAL MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 3 GLOBAL MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 4 GLOBAL MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 5 GLOBAL MYCOPROTEIN MARKET BY REGION (USD MILLIONS) 2020-2029

TABLE 6 GLOBAL MYCOPROTEIN MARKET BY REGION (KILOTONS) 2020-2029

TABLE 7 US MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 8 US MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 9 US MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 10 US MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 11 CANADA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 12 CANADA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 13 CANADA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 14 CANADA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 15 MEXICO MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 16 MEXICO MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 17 MEXICO MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 18 MEXICO MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 19 BRAZIL MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 20 BRAZIL MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 21 BRAZIL MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 22 BRAZIL MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 23 ARGENTINA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 24 ARGENTINA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 25 ARGENTINA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 26 ARGENTINA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 27 COLOMBIA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 28 COLOMBIA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 29 COLOMBIA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 30 COLOMBIA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 31 REST OF SOUTH AMERICA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 32 REST OF SOUTH AMERICA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 33 REST OF SOUTH AMERICA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 34 REST OF SOUTH AMERICA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 35 INDIA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 36 INDIA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 37 INDIA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 38 INDIA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 39 CHINA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 40 CHINA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 41 CHINA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 42 CHINA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 43 JAPAN MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 44 JAPAN MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 45 JAPAN MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 46 JAPAN MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 47 SOUTH KOREA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 48 SOUTH KOREA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 49 SOUTH KOREA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 50 SOUTH KOREA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 51 AUSTRALIA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 52 AUSTRALIA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 53 AUSTRALIA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 54 AUSTRALIA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 55 SOUTH-EAST ASIA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 56 SOUTH-EAST ASIA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 57 SOUTH-EAST ASIA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 58 SOUTH-EAST ASIA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 59 REST OF ASIA PACIFIC MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 60 REST OF ASIA PACIFIC MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 61 REST OF ASIA PACIFIC MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 62 REST OF ASIA PACIFIC MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 63 GERMANY MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 64 GERMANY MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 65 GERMANY MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 66 GERMANY MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 67 UK MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 68 UK MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 69 UK MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 70 UK MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 71 FRANCE MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 72 FRANCE MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 73 FRANCE MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 74 FRANCE MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 75 ITALY MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 76 ITALY MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 77 ITALY MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 78 ITALY MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 79 SPAIN MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 80 SPAIN MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 81 SPAIN MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 82 SPAIN MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 83 RUSSIA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 84 RUSSIA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 85 RUSSIA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 86 RUSSIA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 87 REST OF EUROPE MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 88 REST OF EUROPE MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 89 REST OF EUROPE MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 90 REST OF EUROPE MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 91 UAE MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 92 UAE MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 93 UAE MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 94 UAE MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 95 SAUDI ARABIA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 96 SAUDI ARABIA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 97 SAUDI ARABIA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 98 SAUDI ARABIA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 99 SOUTH AFRICA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 100 SOUTH AFRICA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 101 SOUTH AFRICA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 102 SOUTH AFRICA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

TABLE 103 REST OF MIDDLE EAST AND AFRICA MYCOPROTEIN MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 104 REST OF MIDDLE EAST AND AFRICA MYCOPROTEIN MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 105 REST OF MIDDLE EAST AND AFRICA MYCOPROTEIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 106 REST OF MIDDLE EAST AND AFRICA MYCOPROTEIN MARKET BY APPLICATION (KILOTONS) 2020-2029

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL MYCOPROTEIN MARKET BY TYPE, USD MILLION, 2020-2029

FIGURE 9 GLOBAL MYCOPROTEIN MARKET BY APPLICATION, USD MILLION, 2020-2029

FIGURE 10 GLOBAL MYCOPROTEIN MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 11 PORTER’S FIVE FORCES MODEL

FIGURE 12 GLOBAL MYCOPROTEIN MARKET BY TYPE 2020

FIGURE 13 GLOBAL MYCOPROTEIN MARKET BY APPLICATION 2020

FIGURE 14 MYCOPROTEIN MARKET BY REGION 2020

FIGURE 15 MARKET SHARE ANALYSIS

FIGURE 16 3F BIO LTD: COMPANY SNAPSHOT

FIGURE 17 GENERAL MILLS: COMPANY SNAPSHOT

FIGURE 18 MARLOW FOODS LTD: COMPANY SNAPSHOT

FIGURE 19 MYCOTECHNOLOGY, INC.: COMPANY SNAPSHOT

FIGURE 20 TEMASEK HOLDINGS: COMPANY SNAPSHOT

FIGURE 21 TYSON VENTURES: COMPANY SNAPSHOT

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