Mycoprotein Market to Exceed USD 3 Billion by 2031
New York, Tuesday, 3 June 2025.
The mycoprotein market is poised to grow at a CAGR of 16.27%, driven by the global demand for sustainable, eco-friendly protein sources, with significant contributions from the USA and Japan.
Growth Factors and Market Dynamics
The mycoprotein market is on an impressive growth trajectory, expected to reach over USD 3.09 billion by 2031. This growth is largely fueled by increasing consumer demand for sustainable protein sources across the globe. In the USA, innovation in food technology and the expansion of product ranges by major food brands are pivotal in driving market expansion [1]. Meanwhile, Japan’s advancement as a hub for alternative protein innovation underscores the international focus on sustainability and efficient production methods [1][2].
Regional Market Trends
North America, with the USA at the forefront, remains a significant market for mycoprotein, driven by high consumer awareness and leading plant-based food brands. Europe maintains its status as a mature market, with countries like the UK, Germany, and the Netherlands pioneering in product innovation. Asia-Pacific is emerging as the fastest-growing region, with increased health awareness and urbanization propelling demand in countries such as Japan, China, South Korea, and India [1].
Technological Innovations and Investments
Companies are increasingly investing in mycoprotein production, leveraging advanced technologies to optimize cultivation processes. Startups in the USA are applying cutting-edge techniques to improve fungi cultivation, facilitating the proliferation of mycoprotein-based products in both retail and foodservice sectors [1]. Japan is also seeing significant activity, with local companies launching innovative mycoprotein meals and investing in production capabilities to localize supply chains [1][2]. These technological advancements are crucial in meeting the rising global demand for environmentally sustainable protein alternatives.
Economic and Environmental Impact
The rise of the mycoprotein market significantly impacts the broader economy by contributing to the plant-based food movement, which is forecast to grow substantially over the next decade. This shift not only aligns with environmental sustainability goals by reducing the carbon footprint but also diversifies food production methods, paving the way for more resilient food systems. As such, these developments are integral to the global economic landscape [1][3].