Market Overview:
The global mycoprotein market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for meat alternatives, increasing awareness about the health benefits of mycoprotein, and growing demand for feed grade mycoprotein. However, the high price of mycoprotein products may restrain the growth of this market during the forecast period. On the basis of type, food grade mycoprotein is expected to account for a larger share of the global mycoprotein market than feed grade mycoprotein duringthe forecast period. This can be attributed to its growing use in meat alternatives and other food applications.
Product Definition:
Mycoprotein is a protein derived from fungi, most notably the mycelium of the fungus Rhizopus oligosporus. It is used as an ingredient in some meat and dairy substitutes, such as Quorn products.
Food Grade Mycoprotein:
Food-grade mycoprotein is a protein that is extracted from the cell walls of certain bacteria, such as M. tuberculosis and M. algeriensis. It has been used in food products to increase their nutritive value and provide health benefits to consumers having allergies or intolerance towards animal-based proteins.
Feed Grade Mycoprotein:
Feed grade mycoprotein is a form of mycoprotein, which is extracted from the cell walls of fungi. It has been used as an animal feed additive for poultry and livestock on a commercial scale in Europe and North America since the early 1980s. The product contains about 80% protein content, which makes it suitable to be used as an alternative for soybean meal or corn-based products.
The product was first developed by Novus International Inc.
Application Insights:
Meat alternatives held the largest market share in 2017. The global meat alternatives market is anticipated to reach USD 1.97 billion by 2030, registering a CAGR of XX% over the forecast period owing to increasing awareness regarding health benefits and growing preference for plant-based proteins among consumers across the globe.
Feed was the second largest segment in 2017 and is expected to witness significant growth over the forecast period on account of high protein content in mycoprotein that helps improve animal productivity as well as enhance feed efficiency.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing meat consumption as well as rising demand for mycoprotein-based food products. China, India, Japan, Australia and South Korea are some of the largest markets in this region that have a high potential for growth owing to growing population along with rising disposable income among consumers.
The Asia Pacific has been witnessing an increase in demand for meat alternatives due to growing concerns regarding sustainability of beef production coupled with consumer preferences shifting towards healthier lifestyle changes especially among millennials.
Growth Factors:
- Increasing demand for healthy and sustainable food products: The global population is growing at a rapid pace and is expected to reach 9 billion by 2050. This has led to an increased demand for healthy and sustainable food products. Mycoprotein offers a number of health benefits such as being low in fat, cholesterol, and calories, as well as being high in protein and fiber. It also has a long shelf life which makes it an ideal choice for processed foods.
- Rising awareness about the health benefits of mycoprotein: There is a growing awareness about the health benefits of mycoprotein among consumers worldwide. This has led to an increase in its demand from both the retail and foodservice sectors.
- Growing popularity of plant-based proteins: There is a growing trend towards plant-based proteins among consumers due to their numerous health benefits over meat-based proteins. Mycoprotein falls under this category and thus offers several advantages over traditional animal-based proteins such as chicken or beef..
Scope Of The Report
Report Attributes
Report Details
Report Title
Mycoprotein Market Research Report
By Type
Food Grade Mycoprotein, Feed Grade Mycoprotein
By Application
Meat Alternatives, Pet Food, Feed
By Companies
Quorn/Monde Nissin Corporation, 3fbio Ltd, Mycorena
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Mycoprotein Market Report Segments:
The global Mycoprotein market is segmented on the basis of:
Types
Food Grade Mycoprotein, Feed Grade Mycoprotein
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Meat Alternatives, Pet Food, Feed
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Quorn/Monde Nissin Corporation
- 3fbio Ltd
- Mycorena
Highlights of The Mycoprotein Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade Mycoprotein
- Feed Grade Mycoprotein
- By Application:
- Meat Alternatives
- Pet Food
- Feed
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mycoprotein Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mycoprotein is a type of protein that is made up of myosin and actin. Mycoprotein helps to form muscle tissue.
Some of the key players operating in the mycoprotein market are Quorn/Monde Nissin Corporation, 3fbio Ltd, Mycorena.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mycoprotein Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mycoprotein Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mycoprotein Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mycoprotein Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mycoprotein Market Size & Forecast, 2020-2028
4.5.1 Mycoprotein Market Size and Y-o-Y Growth
4.5.2 Mycoprotein Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade Mycoprotein
5.2.2 Feed Grade Mycoprotein
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Meat Alternatives
6.2.2 Pet Food
6.2.3 Feed
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mycoprotein Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mycoprotein Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade Mycoprotein
9.6.2 Feed Grade Mycoprotein
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Meat Alternatives
9.10.2 Pet Food
9.10.3 Feed
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade Mycoprotein
10.6.2 Feed Grade Mycoprotein
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Meat Alternatives
10.10.2 Pet Food
10.10.3 Feed
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade Mycoprotein
11.6.2 Feed Grade Mycoprotein
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Meat Alternatives
11.10.2 Pet Food
11.10.3 Feed
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade Mycoprotein
12.6.2 Feed Grade Mycoprotein
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Meat Alternatives
12.10.2 Pet Food
12.10.3 Feed
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade Mycoprotein
13.6.2 Feed Grade Mycoprotein
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Meat Alternatives
13.10.2 Pet Food
13.10.3 Feed
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mycoprotein Market: Competitive Dashboard
14.2 Global Mycoprotein Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Quorn/Monde Nissin Corporation
14.3.2 3fbio Ltd
14.3.3 Mycorena
