The global Mycoprotein Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Form (Minced, Slices), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores), By Type (Feed Grade, Food Grade)
The mycoprotein market in 2024 is expanding rapidly, driven by the demand for sustainable and high-protein meat alternatives. Mycoprotein, derived from fungi, offers a nutritious and environmentally friendly protein source. The market benefits from innovations in fermentation and processing technologies that enhance product quality and scalability. The trend towards clean label and natural ingredients is influencing product development. Increasing consumer interest in plant-based diets and sustainable eating, supported by the popularity of meat substitutes, is further propelling market growth.
The market report analyses the leading companies in the industry including 3F Bio Ltd, Atlast Food Co, Beyond Meat Inc, General Mills Inc, Impossible Foods Inc, Kernel Mycofoods, Marlow Foods Ltd, Marlow Foods Ltd, MycoTechnology Inc, Quorn Foods, Shouguang Ftl Bio. Co. Ltd, Symrise AG, Temasek Holdings, Tyson Ventures, Yutong Industrial Co. Ltd, and Others.
The most prominent trend in the Mycoprotein Market is the rising popularity of meat alternatives. Mycoprotein, derived from fungi, is increasingly used as a protein source in vegetarian and vegan products, driven by consumer demand for sustainable and plant-based foods.
A key driver in the Mycoprotein Market is health consciousness and dietary shifts. As more individuals seek to reduce their meat consumption for health and environmental reasons, there is a growing demand for high-quality protein alternatives like mycoprotein that offer nutritional benefits without animal products.
One significant opportunity in the Mycoprotein Market lies in innovation in product development. Companies can create new mycoprotein-based products, such as ready-to-eat meals, snacks, and meat substitutes, catering to the diverse tastes and dietary preferences of consumers. By offering versatile and nutritious options, manufacturers can attract a broader consumer base and drive market growth.
The Minced mycoprotein segment is the largest in the Mycoprotein Market. This form is widely used in various applications, including meat substitutes and processed foods, due to its versatility and ease of incorporation into different products. Minced mycoprotein is ideal for creating products that mimic ground meat textures, such as burgers, sausages, and meatballs, which are popular among both vegetarians and meat reducers. Its extensive use in these consumer-favorite applications drives its leading position in the market, as it fulfills the demand for versatile and convenient meat alternatives.
The Online Stores segment is poised to grow the fastest in the Mycoprotein Market over the next five years. This growth is fueled by the increasing trend of online shopping, which offers consumers convenience and a wide selection of products. The rise of e-commerce platforms provides mycoprotein brands with an effective channel to reach a broader audience, including those who may not have access to specialty stores or supermarkets. Additionally, online sales platforms facilitate easy comparisons, customer reviews, and direct-to-consumer marketing, contributing to the rapid expansion of this sales channel in the market.
The Food Grade mycoprotein segment is the largest in the Mycoprotein Market. This segment's dominance is due to the substantial demand for mycoprotein as a meat alternative and functional food ingredient in various consumer products. Food-grade mycoprotein is used in a wide range of applications, including meat substitutes, ready-to-eat meals, and snacks, which drives its extensive market presence. The growing consumer preference for plant-based and protein-rich diets further supports the leading position of food-grade mycoprotein, making it the largest segment in the market.
By Form
Minced
Slices
By Sales Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
By Type
Feed Grade
Food Grade
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
3F Bio Ltd
Atlast Food Co
Beyond Meat Inc
General Mills Inc
Impossible Foods Inc
Kernel Mycofoods
Marlow Foods Ltd
Marlow Foods Ltd
MycoTechnology Inc
Quorn Foods
Shouguang Ftl Bio. Co. Ltd
Symrise AG
Temasek Holdings
Tyson Ventures
Yutong Industrial Co. Ltd
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Mycoprotein Market
2.1. Market Overview
2.2. Key Statistics and Report Highlights
2.3. Scope of the Comprehensive Study
2.3.1. Market Definition
2.3.2 Countries and Regions Covered
2.3.3 Research Objective
2.3.4 Units, Currency, and Conversions
2.3.5 Industry Value Chain
2.4. Key Market Segments
2.5. Key Companies
2.6. Study Period
Chapter 3. Strategic Analysis Review
3.1. Mycoprotein Pricing Analysis and Forecast
3.2. Porter’s Five Forces
3.3. Market Ecosystem
3.4. SWOT Analysis
3.5. Regulatory Scenario
3.3. Effects of Inflation, Russia-Ukraine War, moderating economic growth, and other macroeconomic factors
Chapter 4. Competitive Landscape
4.1. Market Share Analysis
4.1.1. Global Mycoprotein Market Share by Company, 2023
4.1.2. Product Offerings of Leading Mycoprotein Companies
4.2. Market Entropy
4.2.1. New Product Launches in the Industry
4.2.2. Mergers, Acquisitions, Joint ventures, and Partnerships
4.3. Key Strategies and Best Practices
Chapter 5. Global Market Projections: Best, Reference, and Low Case Scenarios
5.1. Growth Analysis- Case Scenario Definitions
5.2. Low Growth Case Scenario Forecasts
5.3. Reference Growth Case Scenario Forecasts
5.4. High Growth Case Scenario Forecasts
Chapter 6. Market Dynamics
6.1. Mycoprotein Market Drivers
6.2. Mycoprotein Market Challenges
6.6. Mycoprotein Market Opportunities
6.4. Mycoprotein Market Trends
Chapter 7. Global Mycoprotein Market Outlook Trends
7.1. Global Mycoprotein Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Mycoprotein Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Mycoprotein Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Form
Minced
Slices
By Sales Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
By Type
Feed Grade
Food Grade
Chapter 8. Global Mycoprotein Regional Analysis and Outlook
8.1. Global Mycoprotein Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Mycoprotein Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Mycoprotein Regional Analysis and Outlook
8.2.2. Canada Mycoprotein Regional Analysis and Outlook
8.2.3. Mexico Mycoprotein Regional Analysis and Outlook
8.3. Europe Mycoprotein Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Mycoprotein Regional Analysis and Outlook
8.3.2. France Mycoprotein Regional Analysis and Outlook
8.3.3. United Kingdom Mycoprotein Regional Analysis and Outlook
8.3.4. Spain Mycoprotein Regional Analysis and Outlook
8.3.5. Italy Mycoprotein Regional Analysis and Outlook
8.3.6. Russia Mycoprotein Regional Analysis and Outlook
8.3.7. Rest of Europe Mycoprotein Regional Analysis and Outlook
8.4. Asia Pacific Mycoprotein Revenue (USD Million) by Country (2021-2032)
8.4.1. China Mycoprotein Regional Analysis and Outlook
8.4.2. Japan Mycoprotein Regional Analysis and Outlook
8.4.3. India Mycoprotein Regional Analysis and Outlook
8.4.4. South Korea Mycoprotein Regional Analysis and Outlook
8.4.5. Australia Mycoprotein Regional Analysis and Outlook
8.4.6. South East Asia Mycoprotein Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Mycoprotein Regional Analysis and Outlook
8.5. South America Mycoprotein Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Mycoprotein Regional Analysis and Outlook
8.5.2. Argentina Mycoprotein Regional Analysis and Outlook
8.5.3. Rest of South America Mycoprotein Regional Analysis and Outlook
8.6. Middle East and Africa Mycoprotein Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Mycoprotein Regional Analysis and Outlook
8.6.2. Africa Mycoprotein Regional Analysis and Outlook
Chapter 9. North America Mycoprotein Analysis and Outlook
9.1. North America Mycoprotein Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Mycoprotein Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Mycoprotein Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Mycoprotein Revenue (USD Million) by Product (2021-2032)
By Form
Minced
Slices
By Sales Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
By Type
Feed Grade
Food Grade
Chapter 10. Europe Mycoprotein Analysis and Outlook
10.1. Europe Mycoprotein Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Mycoprotein Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Mycoprotein Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Mycoprotein Revenue (USD Million) by Product (2021-2032)
By Form
Minced
Slices
By Sales Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
By Type
Feed Grade
Food Grade
Chapter 11. Asia Pacific Mycoprotein Analysis and Outlook
11.1. Asia Pacific Mycoprotein Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Mycoprotein Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Mycoprotein Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Mycoprotein Revenue (USD Million) by Product (2021-2032)
By Form
Minced
Slices
By Sales Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
By Type
Feed Grade
Food Grade
Chapter 12. South America Mycoprotein Analysis and Outlook
12.1. South America Mycoprotein Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Mycoprotein Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Mycoprotein Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Mycoprotein Revenue (USD Million) by Product (2021-2032)
By Form
Minced
Slices
By Sales Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
By Type
Feed Grade
Food Grade
Chapter 13. Middle East and Africa Mycoprotein Analysis and Outlook
13.1. Middle East and Africa Mycoprotein Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Mycoprotein Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Mycoprotein Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Mycoprotein Revenue (USD Million) by Product (2021-2032)
By Form
Minced
Slices
By Sales Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
By Type
Feed Grade
Food Grade
Chapter 14. Mycoprotein Company Profiles
14.1 Business Overview
14.2 Product Profiles
14.3 SWOT Profiles
14.5 Recent Developments
14.6 Financial Profile
List of Companies
3F Bio Ltd
Atlast Food Co
Beyond Meat Inc
General Mills Inc
Impossible Foods Inc
Kernel Mycofoods
Marlow Foods Ltd
Marlow Foods Ltd
MycoTechnology Inc
Quorn Foods
Shouguang Ftl Bio. Co. Ltd
Symrise AG
Temasek Holdings
Tyson Ventures
Yutong Industrial Co. Ltd
15. Methodology and Data Sources
15.1 Customization Offerings
15.2 Subscription Services
15.3 Related Reports
15.4 Publisher Expertise
LIST OF TABLES
Table 1 Market Segmentation Analysis
Table 2 Global Mycoprotein Market Share of Leading Companies, 2023
Table 3 Product Offerings of Leading Companies
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Mycoprotein Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Mycoprotein Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Mycoprotein Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Mycoprotein Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Mycoprotein Market Share (%) By Regions (2021-2032)
Table 12 North America Mycoprotein Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Mycoprotein Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Mycoprotein Revenue (USD Million) By Country (2021-2032)
Table 15 South America Mycoprotein Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Mycoprotein Revenue (USD Million) By Region (2021-2032)
Table 17 North America Mycoprotein Revenue (USD Million) By Type (2021-2032)
Table 18 North America Mycoprotein Revenue (USD Million) By Application (2021-2032)
Table 19 North America Mycoprotein Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Mycoprotein Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Mycoprotein Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Mycoprotein Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Mycoprotein Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Mycoprotein Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Mycoprotein Revenue (USD Million) By Product (2021-2032)
Table 26 South America Mycoprotein Revenue (USD Million) By Type (2021-2032)
Table 27 South America Mycoprotein Revenue (USD Million) By Application (2021-2032)
Table 28 South America Mycoprotein Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Mycoprotein Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Mycoprotein Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Mycoprotein Revenue (USD Million) By Product (2021-2032)
LIST OF FIGURES
Figure 1. Market Scope
Figure 2. Pricing Forecasts Per Unit, 2023- 2032
Figure 3. Porter’s Five Forces
Figure 4. Global Mycoprotein Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Mycoprotein Market Share (%) By Regions (2023)
Figure 6. North America Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 12. France Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 12. China Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 14. India Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Mycoprotein Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Mycoprotein Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Mycoprotein Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Mycoprotein Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Mycoprotein Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Mycoprotein Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Mycoprotein Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Mycoprotein Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Mycoprotein Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Mycoprotein Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Mycoprotein Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Mycoprotein Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Mycoprotein Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Mycoprotein Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Mycoprotein Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Mycoprotein Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Mycoprotein Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Mycoprotein Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Mycoprotein Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Mycoprotein Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Mycoprotein Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Mycoprotein Revenue (USD Million) By Product (2021-2032)
By Form
Minced
Slices
By Sales Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
By Type
Feed Grade
Food Grade
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Mycoprotein Market Size is valued at $1.1 Billion in 2024 and is forecast to register a growth rate (CAGR) of 7.7% to reach $2 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
3F Bio Ltd, Atlast Food Co, Beyond Meat Inc, General Mills Inc, Impossible Foods Inc, Kernel Mycofoods, Marlow Foods Ltd, Marlow Foods Ltd, MycoTechnology Inc, Quorn Foods, Shouguang Ftl Bio. Co. Ltd, Symrise AG, Temasek Holdings, Tyson Ventures, Yutong Industrial Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume