Mycoprotein Market By Type, By Form, By Application and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Mycoprotein Market size was estimated at USD 770 million in 2024 and is projected to reach USD 1,090.7 million in 2031 at a CAGR of 5.10 % during the forecast period 2025-2031.
The mycoprotein market refers to the production and commercialization of protein derived from fungi, particularly Fusarium venenatum, which is used as a meat substitute in food products. Mycoprotein has gained popularity due to its high protein content, essential amino acids, and sustainability, making it an attractive alternative for individuals seeking plant-based options. It is primarily marketed in products such as meatless burgers, sausages, and nuggets, targeting the growing demand for plant-based proteins and catering to both vegetarians and flexitarians.
The scope of the mycoprotein market includes its applications in various segments, such as food, beverages, and animal feed. Food manufacturers use mycoprotein to create a wide range of meat alternatives, enhancing both texture and flavour in ways that appeal to consumers looking to reduce their meat consumption. The increasing shift toward plant-based diets, along with the global rise in veganism and flexitarianism, has significantly expanded the reach of mycoprotein-based products. Additionally, there are growing opportunities for mycoprotein in regions with increasing urbanization and evolving dietary patterns.
Several trends are shaping the mycoprotein market. One prominent trend is the rising consumer demand for sustainable and eco-friendly protein sources, as mycoprotein has a lower environmental footprint compared to traditional livestock farming. The focus on health and wellness also drives the demand for plant-based alternatives that are rich in protein but low in saturated fats. Moreover, innovation in product formulations and flavours has made mycoprotein more appealing to a broader consumer base, including those who are not entirely plant-based but are seeking healthier alternatives to meat.
Key drivers of the market include the growing concern about the environmental impact of animal agriculture, health-conscious consumers looking for protein alternatives, and the increasing availability of mycoprotein-based products across retail and foodservice channels. Additionally, rising awareness regarding food security and the need for alternative protein sources to feed the global population are pushing for more sustainable and efficient food production methods, further boosting the demand for mycoprotein as a viable solution in the protein market.
Experts in the Mycoprotein Market highlight several key trends driving growth and innovation. The mycoprotein market involves the production of protein derived from fungi, primarily used as a meat substitute in plant-based products like burgers, sausages, and nuggets. It has gained traction due to its high nutritional value, sustainability, and appeal to health-conscious consumers and those seeking alternative protein sources. The market is driven by the rising demand for sustainable, eco-friendly food options, the shift towards plant-based diets, and increasing concerns over the environmental impact of livestock farming. With innovations in product offerings and growing awareness of the need for alternative protein sources, the mycoprotein market is expanding rapidly across food and beverage sectors worldwide.
Asia Pacific to Dominate the Market