Fungal Protein : Types, Application and Future Opportunities According to a new market research report titled, ‘ Fungal Protein Market by Type (Fusarium Venenatum Extract Protein, Mushroom Protein, Yeast Extr act Protein), Application (Food & Beverages {Beverages, Bakery}, Animal Nutrition {Poultry, Aquafeed}, Pharmaceuticals, Other Applications), and Geography - Global Forecast to 2029,’ the fungal protein market is projected to grow at a CAGR of 7.6% from 202 2 to 2029 to reach $397.5 million by 2029. Fungi - based protein is becoming popular amidst the growing need for high - protein food products. Rising health consciousness, increasing consumption of processed foods, and growing demand for foods with higher prot ein content are the primary drivers of the global fungal protein market. Consumers are inclined toward sustainable protein sources, increasing the demand for alternative proteins. Animal - based protein sources need a lot of resources, negatively impacting t he environment because of greenhouse gas emissions. Download Sample Report @ https://www.metic ulousresearch.com/download - sample - report/cp_id=5300?utm_source=PDF&utm_medium=Social&utm_campaign=Product&utm_c ontent=07 - 07 - 2022 The Impact of COVID - 19 on the Fungal Protein Market The outbreak of the COVID - 19 pandemic created a medical emergency, increasing the demand for healthy food items and hygiene and medical products in the market. The pandemic has also increased the sales of healthy processed food products. However, packaged food, bakery, and meat products have experienced a decli ne in their sale, decreasing demand for yeast extract in these industries to a significant level. Since yeast is also used in the cosmetics and personal care industries, the demand for the products of these industries has also declined, declining the growt h of the yeast extract market in 2020 and early 2021. In addition, the nationwide lockdowns also hamper the production & supply chain of the yeast extract companies. Strong global concerns about the pandemic have negatively affected the global fungal prote in market. Moreover, due to the high demand and low supply trends, the prices of snack products increased in 2020 to overcome economic instability. On the contrary, during shipping, interruptions in the supply chain could lead to temporary shortages in the supply, putting upward pressure on prices in the short term. The fungal protein market is segmented by type (fusarium venenatum extract protein, mushroom protein, and yeast extract protein), application (food & beverages {beverages, bakery, other food & b everages products}, animal nutrition {poultry feed, pig feed, aquafeed, and others}, pharmaceuticals, and other applications), and geography (North America, Europe, Asia - Pacific, Latin America, Middle East &Africa). The study also evaluates industry compet itors and analyses regional and country - level markets. Based on type, the fungal protein market is segmented into yeast, fusarium venenatum, and mushroom extract protein. The yeast extract protein segment is projected to grow at the highest CAGR during the forecast period due to the growing adoption of yeast extract in packaged foods, including frozen dinners, crackers, junk food, gravy, and stock. Speak to Analyst @ https://www.meticulousresearch.com/speak - to - analyst/cp_id=5300?utm_source=PDF&utm_medium=Social&utm_campaign=Product&utm_c ontent=07 - 07 - 2022 Based on application, the fungal protein market is categorized into food & beverage, animal nutrition, pharmaceuticals, and other applications. In 2022, the food & beverage segment is estimated to account for the largest share of the global fungal protein market. The large share of this segment is attribut ed to the growing global food & beverage industry, increasing demand for mycoprotein due to its cholesterol and satiety benefits and nutritional composition, and rising demand for meat - substitute products. Furthermore, the rising consumer demand for health y products further boosts the demand for fungal protein in the food & beverage industry. Based on geography, the fungal protein market is divided into North America, Europe, Asia - Pacific, Latin America, and the Middle East & Africa. In 2022, Europe is esti mated to account for the largest share of the global fungal protein market, followed by North America, Asia - Pacific, Latin America, and the Middle East & Africa. The large share of this market is attributed to the expanding culture of veganism, the ongoing protests against animal cruelty, and an enormous number of health - conscious consumers. Moreover, factors such as rising demand for processed food due to the changing consumer patterns, increasing desk - bound work cultures, and the lack of time to cook heal thy foods further boost the demand for fungal protein in the region. Some of the key players operating in the fungal protein market are Koninklijke DSM N.V. (Netherlands), Associated British Foods plc (U.K.), Lesaffre Group (France), Kerry Group plc (Irela nd), Lallemand Inc. (Canada), Oriental Yeast Co., Ltd. (Japan), Halcyon Proteins Pty. Ltd. (Australia), AngelYeast Co., Ltd. (China), Van Wankum Ingredients BV (Netherlands), and MYCORENA AB (Sweden), among others. Get Request Sample Report @ https://www.meticulousresearch.com/request - sample - report/cp_id=5300?utm_source=PDF&utm_medium=Social&utm_ca mpaign=Product&utm_c ontent=07 - 07 - 2022 Scope of the Report: Fungal Protein Market, by Type • Fusarium Venenatum Extract Protein • Mushrooms Protein • Yeast Extract Protein Fungal Protein Market, by Application • Food & Beverages o Beverages o Bakery o Other Food & Beverages • Animal Nutrition o Poultry Feed o Pig Feed o Aquafeed o Others • Pharmaceuticals • Other Applications Fungal Protein Market, by Geography • North America o U.S. o Canada • Europe o Germany o France o U.K. o Italy o Spain o Rest of Europe • Asia - Pacific o China o Japan o India o Australia o Rest of Asia - Pacific • Latin America • Middle East & Africa