Name: 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
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Author: Exactitude Consultancy
ISBN: 3290

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.

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Mycoprotein Market | Exactitude Consultancy[/caption]

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.

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Mycoprotein Market | Exactitude Consultancy[/caption]

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. [caption id="attachment_4860" align="alignnone" width="680"]

Mycoprotein Market | Exactitude Consultancy[/caption]

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

Identifying Key Products in the Market

The identification of key products in any market is pivotal for understanding what drives consumer interest, technological innovation, and competitive advantage. Here’s how to approach this:
Market Analysis Reports: Start with syndicated market analysis reports from firms like Nielsen, Euromonitor, or specialized industry analysts. These reports often highlight leading products based on sales data, innovation, and consumer feedback.
Patent Filings: Reviewing patent filings can provide insight into technological innovations and future products that may impact the market. Databases like the United States Patent and Trademark Office (USPTO) or the World Intellectual Property Organization (WIPO) can be invaluable.
Ecommerce Platforms and Retailer Websites: Analyzing bestselling products and customer reviews on platforms such as Amazon, Flipkart, or direct retailer websites can offer direct insights into consumer preferences and product popularity.
Consumer Surveys and Feedback: Conducting surveys or analyzing online forums and social media can reveal consumer preferences, pain points, and desired features in products. Tools like SurveyMonkey, Google Surveys, or social listening platforms can facilitate this process.

Segmenting the Market and Products

Market and product segmentation is crucial for targeting marketing efforts and product development. Here’s a methodology for segmenting based on technical specifications:
Technical Specifications Review: Compile a comprehensive list of products within the market, focusing on their technical specifications. This could involve processor speeds for electronics, ingredients for food products, or material composition for apparel.
Factor Analysis: Use statistical techniques like factor analysis to group products based on shared technical specifications. This method helps identify underlying relationships between different specifications and how they cluster together.
Expert Consultation: Engage with industry experts or technical specialists to ensure that the segmentation makes sense from both a market and a technical perspective. This step ensures the practical relevance of the segments identified.

Identifying and Classifying Key Application Segments

Understanding how products are used in different applications is essential for market strategy:
Use Case Analysis: Identify common use cases for products by reviewing product literature, customer testimonials, and case studies. This helps understand the variety of applications each product serves.
Industry Surveys: Conduct surveys targeting professionals in the field to understand how and why certain products are preferred in specific applications. This can also reveal unmet needs in the market.
ApplicationBased Segmentation: Group products based on their primary applications, considering factors such as industry use, consumer vs. professional use, and environmental conditions.

Calculating Market Size Using TopDown and BottomUp Approaches

Estimating the market size accurately is fundamental for strategic planning:
TopDown Approach: Start with global industry data and narrow down to the target market by applying known market shares or segmentation percentages. Industry reports and financial databases are key sources for this approach.
BottomUp Approach: Aggregate sales data or unit shipments from all known market participants. This might require gathering data from company reports, industry associations, and sales channels.
Combining Approaches: Validate the market size estimates by comparing the results from both approaches. Discrepancies can highlight areas requiring further investigation.

Calculating the CAGR for the Market

The Compound Annual Growth Rate (CAGR) is a useful measure to understand market growth over time:
Historical Sales Data: Gather historical sales or market size data over a defined period. Public company filings, industry reports, and government databases can be sources for this data.
CAGR Formula: Apply the CAGR formula \[CAGR = (EV/BV)^{1/n} 1\], where EV is the end value, BV is the beginning value, and n is the number of periods.
Segment and Overall Market CAGR: Calculate CAGR for both the overall market and individual segments to understand growth patterns.

Sources for Secondary or Desk Research

Identifying the right sources is crucial for accurate desk research:
Industry and Market Research Reports: Sources like IBISWorld, Statista, and Frost & Sullivan offer comprehensive industry reports.
Government and International Organizations: Websites of the U.S. Census Bureau, World Bank, and OECD provide economic and industry specific data.
Academic Journals: Platforms like Google Scholar and JSTOR can offer peer reviewed articles on market trends and consumer behavior.
News Archives and Trade Publications: Stay informed on industry developments through sources like Bloomberg, Reuters, and specific trade journals relevant to the market in question.
Each of these steps requires careful consideration and a systematic approach to ensure that the market research report is robust, insightful, and actionable.

Mycoprotein Market

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Historical Data Period

Largest Region

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