According to the research report titled ‘Global Fungal Protein Market Size, By Product, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, global fungal protein market is anticipated to register tremendous growth during 2020-2026.
 

Changing dietary preferences and growing demand for healthy food ingredients are expected to drive the growth of global fungal protein market in forthcoming years. Food from fungal origins is consumed in prominently worldwide as it offers exceptional nutrition and is regarded as essential source of protein for vegetarians, hence contributing to the market growth.
 

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Moreover, yeast is considered as an important fungus and a promising source of single cell protein. Easy availability, increasing popularity of yeast, and ability to relieve the world protein shortage will augment the market outlook.
 

Based on product type, global fungal protein market is segmented into fusarium venenatum and yeast. Among these, fusarium venenatum segment currently holds 14.8% market share owing to the persuading health benefits of the product.
 

Speaking of yeast application terrain, the market is classified into animal nutrition, pharmaceuticals, and food & beverage. The report further divides the food & beverage segment into processed foods, dairy, bakery, and beverages. Bakery segment is likely to witness a 5.9% CAGR over the forecast period, while the dairy segment will record a y-o-y growth rate of 4.6% through 2026.
 

As per the report, the animal nutrition segment is further categorized into pet food, equine, aquaculture, swine, and poultry. Poultry segment is anticipated to register a growth rate of 6.8% during 2020-2026 mainly due to growing demand for protein rich food among consumers.
 

Moving on fusarium venenatum application scope, fungal protein market is fragmented into breakfast & cereals, fat substitute, and meat alternative. Breakfast & cereals segment is estimated to expand at 10% CAGR over the forecast timeframe. The fat substitute segment contributes 5.99% towards market share owing to growing incidences of lactose intolerance. Whereas, meat alternative segment currently holds 75.7% industry share due to increasing vegan population.
 

From a regional frame of reference, LATAM fungal protein market is poised to witness a 5.6% growth rate over the estimated time period. Meanwhile, Middle East & Africa currently holds 4.1% market share and is expected to witness tremendous growth through 2026.
 

Key players operating in global fungal protein market are Angel Yeast, Kerry Group, Leiber GmbH, Lesaffre Group, Synergy Flavors, Koninklijke DSM N.V., Biospringer, Halcyon Proteins, Lallemand Inc., Thai Foods Product International Co. Ltd., Alltech, Sensient Technologies Corporation, Kothari Fermentation & Biochem Ltd., Specialty Biotech, Ohly, Biorigin, KOHJIN Life Sciences Co. Ltd., Oriental Yeast, Marlow Foods Limited, MycoTechnology Inc., AB Mauri, Titan Biotech Limited Company, and Organika Health Products Inc.