The global fungal protein market is estimated to reach US$ 3.8 billion in 2022, with sales increasing at an impressive 8.7% CAGR between 2022 and 2032. The fungal protein business is gaining traction as people become more aware of the product’s health benefits. Ankaflavins, melanins, flavins, anthraquinone, naphthoquinone, and quinones, which are pigments found in fungi, are becoming increasingly popular due to their potential medical and dietary benefits. Glutathione is a low-molecular-weight thiol that is abundant in filamentous fungus and yeasts and is involved in essential physiological functions such as cell formation, differentiation, mitochondrial structure, and membrane integrity.
Glutathione deficiency contributes to oxidative stress, which has been related to disorders like Alzheimer’s, stroke, and diabetes. The presence of vitamins, proteins, mannan oligosaccharides, nucleotides, minerals, and -glucans in yeast-based fungal proteins is expected to expand their use in animal nutrition products for improving gut health and improving palatability and flavor.
Key Takeaways:
- In 2020, the yeast category accounted for more than four-fifths of the total market share by type, and this dominance is likely to continue throughout the forecast period.
- In terms of nature, organic fungal protein demand is expected to grow at a 9.7% compound annual growth rate (CAGR) through 2032.
- During the assessment period, the use of fungal protein in the animal diet will stay high.
- Fungal protein sales in Europe will expand at a 6.9% compound annual growth rate (CAGR) over the projection period.
- With sales expanding at an impressive 8.6% CAGR, the United States will continue to dominate the North American fungal protein industry.
Who is winning?
As the Internet’s penetration spreads around the world, consumers are becoming increasingly aware of the benefits and functional aspects of fungi-based proteins. As a result, food and beverage companies are increasingly turning to e-commerce to expand their global reach and presence in the fungi-based protein sector. Among the leading suppliers of fungal protein are DSM N.V., AB Mauri, Lesaffre Group, Kerry Group, Alltech, Synergy Group, Lallemand, Inc., Sensient Technologies Corporation, Oriental Yeast, Halcyon Proteins, and others.
Key Questions Answered in the Report
- How big is the market for fungal proteins?
- How fast is the market for fungal proteins growing?
- What is the market outlook for fungal proteins in North America?
- How quickly will Europe’s need for fungi protein grow?
- What Are the Major Trends Affecting the Market for Fungal Proteins?