Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Fungal Protein Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Fungal Protein Market Grow Between 2024 and 2025?
The size of the global fungal protein market has experienced significant growth in the past few years. In 2024, the market was valued at $4.06 billion and it's projected to increase to $4.31 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 6.1%.
How Much Will the Fungal Protein Market Be Worth in 2029?
The market size of fungal protein is projected to reach $5.64 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.9%.
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Which Fungal Protein Market Drivers Are Linked to Revenue Growth?
The key drivers in the fungal protein market are:
• Rising consumer awareness about the benefits of fungal protein
• The expansion of veganism and the corresponding rise in demand for plant-based proteins
• The broadening application of fungal proteins across different industries
• Increased investment in the development and commercialization of alternative proteins.
Which Segments Are Expected to Grow in the Fungal Protein Market?
The fungal proteinmarket covered in this report is segmented –
1) By Type: Fusarium Venenatum Extract, Mushrooms, Yeast Extract
2) By Nature: Organic, Conventional
3) By Application: Food And Beverages, Bakery, Processed Food, Dairy, Other Applications
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What Are The Key Trends Impacting Growth In The Global Fungal Protein Market?
The key trends in the fungal protein market are:
• Rising consumer awareness and demand is a prevalent emerging trend.
• There is a surge in product innovation in the fungal protein market.
• Expanding applications of fungal proteins across numerous industries is becoming more apparent.
• Sustainability in the supply chain and global market penetration are significant upcoming trends.
Who Are the Key Competitors in the Global Fungal Protein Market?
Major players in the fungal protein market are:
• Cayman Chemical Company
• Chiron Biotechnology Co. Ltd.
• Duke Thomson's India Pvt. Ltd.
• DuPont de Nemours Inc.
• Merck Group
• Royal DSM
• Santa Cruz Biotechnology Inc.
• Siveele B.V.
• Halcyon Proteins Pty. Ltd.
• Kerry Group Plc.
• Lallemand Inc.
• Lesaffre Group
• AngelYeast Co. Ltd.
• Associated British Foods Plc.
• Koninklijke DSM N.V.
• MycoTechnology Inc.
• Meati Foods
• Quorn Foods
• White Dog Labs
• 3F BIO Ltd.
• Nature's Fynd
• Sustainable Bioproducts
• Perfect Day
• Solar Foods
• Geltor Inc.
• Clara Foods
Where Is the Fungal Protein Market Growing Fastest Between 2025 and 2029?
Europe was the largest region in the fungal protein market in 2024
