Fungal Protein Market Set to Surpass $397.5 Million by 2029
Meticulous Research®—a leading global market research company, published a research report titled, ‘Fungal Protein Market by Type (Fusarium Venenatum Extract, Mushrooms, Yeast Extract), Application (Food & Beverage {Beverages, Bakery}, Animal Nutrition {Poultry Feed, Aquafeed}, Pharmaceuticals, and Other Applications), and Geography - Global Forecast to 2029.’
In the latest report by Meticulous Research®, it's forecasted that the global fungal protein market will reach a value of $397.5 million by 2029, with a compound annual growth rate (CAGR) of 7.6% from 2023 to 2029. In terms of volume, the market is expected to hit 23,185 tons by 2029, growing at a CAGR of 6.2% during the same period. This growth is primarily fueled by the increasing demand for allergen-free and processed foods, as well as the rising interest in meat substitutes. However, unclear regulatory guidelines may hinder market growth.
Yeast extract is expected to show the highest CAGR among types, driven by its use in processed foods and opportunities in emerging markets. Furthermore, yeast extract and other fungal protein ingredients offer versatile applications in both human and animal nutrition.
Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5300
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Meticulous Research®—a leading global market research company, published a research report titled, ‘Fungal Protein Market by Type (Fusarium Venenatum Extract, Mushrooms, Yeast Extract), Application (Food & Beverage {Beverages, Bakery}, Animal Nutrition {Poultry Feed, Aquafeed}, Pharmaceuticals, and Other Applications), and Geography - Global Forecast to 2029.’
In the latest report by Meticulous Research®, it's forecasted that the global fungal protein market will reach a value of $397.5 million by 2029, with a compound annual growth rate (CAGR) of 7.6% from 2023 to 2029. In terms of volume, the market is expected to hit 23,185 tons by 2029, growing at a CAGR of 6.2% during the same period. This growth is primarily fueled by the increasing demand for allergen-free and processed foods, as well as the rising interest in meat substitutes. However, unclear regulatory guidelines may hinder market growth.
Yeast extract is expected to show the highest CAGR among types, driven by its use in processed foods and opportunities in emerging markets. Furthermore, yeast extract and other fungal protein ingredients offer versatile applications in both human and animal nutrition.
Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5300
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Fungal Protein Market Set to Surpass $397.5 Million by 2029
Meticulous Research®—a leading global market research company, published a research report titled, ‘Fungal Protein Market by Type (Fusarium Venenatum Extract, Mushrooms, Yeast Extract), Application (Food & Beverage {Beverages, Bakery}, Animal Nutrition {Poultry Feed, Aquafeed}, Pharmaceuticals, and Other Applications), and Geography - Global Forecast to 2029.’
In the latest report by Meticulous Research®, it's forecasted that the global fungal protein market will reach a value of $397.5 million by 2029, with a compound annual growth rate (CAGR) of 7.6% from 2023 to 2029. In terms of volume, the market is expected to hit 23,185 tons by 2029, growing at a CAGR of 6.2% during the same period. This growth is primarily fueled by the increasing demand for allergen-free and processed foods, as well as the rising interest in meat substitutes. However, unclear regulatory guidelines may hinder market growth.
Yeast extract is expected to show the highest CAGR among types, driven by its use in processed foods and opportunities in emerging markets. Furthermore, yeast extract and other fungal protein ingredients offer versatile applications in both human and animal nutrition.
Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5300
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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