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Fungal Protein Market Analysis
- Report ID: GMI4770
- Published Date: Jul 2024
- Report Format: PDF
Fungal Protein Market Analysis
The yeast segment garnered USD 64.75 billion in 2023 and will register USD 98.1 billion by 2032, attributed to its high nutritional value, versatile applications, and growing demand in the food and beverage industry. Yeast's rich protein content, essential amino acids, and health benefits make it popular in dietary supplements, functional foods, and animal feed. Additionally, its sustainable production process aligns with increasing consumer preference for eco-friendly protein sources, further propelling its market growth and ensuring its leading position.
Europe fungal protein market size dominated around USD 23.14 billion in 2023 and will expand at a 7.3% CAGR from 2024 to 2032, fueled by its advanced food technology sector and strong consumer demand for sustainable protein sources. The region's robust regulatory framework ensures high-quality standards, further boosting market growth. In addition, increased emphasis on R&D in the region fosters innovations in fungal protein applications. With a growing trend toward plant-based diets and environmentally friendly products, Europe will stand as a key contributor to the expansion of the fungal protein industry.
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Fungal Protein Market Scope
