According to Fact.MR’s analysis, the global market for Minced Mycoprotein Products was valued at around US$ 200 million in 2018, and it is expected to rise at a CAGR of over 12% from 2019 to 2027.
Approximately one billion people globally do not have access to a sufficient protein and energy-rich diet. However, because one of the key protein sources, animal meat, has serious environmental consequences, Minced Mycoprotein Products as an alternative source of protein have gained a lot of traction in both developed and developing nations.
Veganism and the Growing Need for Meat Substitutes Will Fuel the Growth of Mycoprotein Market
According to Fact.newest MR’s analysis, the global market for Minced Mycoprotein Products was valued at around US$ 200 million in 2018, and it is expected to rise at a CAGR of over 12% from 2019 to 2027.
Approximately one billion people globally do not have access to a sufficient protein and energy-rich diet. However, because one of the key protein sources, animal meat, has serious environmental consequences, Minced Mycoprotein Products as an alternative source of protein have gained a lot of traction in both developed and developing nations.
Sustainable Production Methods Boosting Market Growth
Meat production has a considerable environmental impact and contributes significantly to the eutrophication process. In this regard, finding a less expensive and resource-intensive protein source to substitute meat or animal derivatives, such as Minced Mycoprotein Products, is critical.
Meat production accounted for almost 15% of total GHG emissions, 68 percent of agricultural land, and a third of the arable area needed for crop production. Changing diets was identified as an underdeveloped but significant area of action in the 2014 IPCC assessment on climate change emissions. The primary growth drivers of the global Minced Mycoprotein Products market are emerging worries about the meat industry’s environmental effect and sustainability.
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