Fungal Protein Market Size

Fungal Protein Market Size

Fungal Protein Market size was valued at more than USD 63 billion in 2022 and is anticipated to record a 6% CAGR during the forecast timeframe of 2023-2032. Rising demand for healthy food products among fitness enthusiasts will bolster industry expansion.

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The demand for nutrient-rich foods among the younger population across North America is growing rapidly, as they become more conscious about their health and food choices. The consumption of baked foods, such as breads and cakes, is increasing every year across the region, stimulating product demand. Fungal proteins act as a leavening agent that helps the bread rise and maintains the dough’s flexibility. These ingredients are also a rich source of important fibers, proteins, and amino acids, which can help people manage their weight and cholesterol levels effectively. They also reduce the risk of breast cancer in women, further enhancing their inclusion in many foods and beverages.
 

One of the major factors contributing to market expansion includes the rising elderly population, which has increased the prevalence of chronic diseases. Fungal protein has gained significant traction in Europe’s pharma sector as the ingredient has several antioxidant and disease-fighting properties, further driving its adoption.
 

However, owing to constant advancements in product development, there are several readily available alternatives to fungal proteins, which has widened customers’ options while finding the right product for their daily needs. This may, in turn, reduce the demand for fungal proteins, thereby impeding market growth to some extent.