Mycoprotein Products, a US$ 200 Million Market Will Be the Future of Nutritive Non-Meat Protein, Finds Fact.MR
Verfasser: ashwani_kailiya on Wednesday, 23 October 2019According to Fact.MR’s latest study, the worldwide market for mycoprotein products was pegged at around US$ 200 Mn in 2018 and it is projected to witness blue skies with a compounded annual growth rate of over 12% during the forecast period of 2019 to 2027.
Currently, around one billion individuals worldwide do not have access to a diet that offers enough protein and energy. However, the processing of one of the primary protein sources i.e. animal meat, has serious environmental effects due to which mycoprotein products as an alternative source of protein has garnered immense traction across both advanced and emerging economies. Alternative meat products include plant-based proteins and mycoprotein products, among others. Mycoprotein products are anticipated to experience increasing demand across the globe, owing to the elevated proportion of different minerals and the high vitamin content in mycoprotein products. Furthermore, the worldwide mycoprotein products market is likely to witness a powerful surge owing to increased processing of high-quality protein products.
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