Mushroom Protein Market - Forecast(2023 - 2028)

The global Mushroom Protein Market is estimated to surpass $1.02 billion by 2023 growing at an estimated CAGR of more than 6.92% during 2018 to 2023, majorly driven by the medicinal properties of mushroom protein. Further the growing emphasis towards diagnostics and treatment of deadly diseases such as cancer, AIDS and others is also set to propel the market growth in the future

Mushroom Proteins are considered as a natural source of antibacterial agents, they are helpful in reducing stress, boosting energy, to increase mental stamina. Mushroom Protein offers intermediate nutritional quality between meat and vegetable proteins with the presence of amino acids. Proteins obtained from edible mushrooms are used for the prevention of deadly diseases such as cancer, AIDS, cardiovascular and allergic diseases, thus these proteins act as therapeutic agents for treating these diseases. The scientific community is getting more inclined towards this global market owing to the efficiency of mushroom proteins as they help in treating human health problems.

Mushroom protein powders are widely used as they are easily digestible in line with maintaining lean muscle mass, which in turn boosts the growth of the mushroom protein market. Mushroom protein avails new opportunities to protein supplements, as they act as blood purifiers, appetizers, offers healthier skin, thus these factors are propelling the growth of mushroom protein market.

This report incorporates an in-depth assessment of mushroom protein market by source, type of proteins, application, and geography. The major types of mushrooms included in the scope are oyster mushrooms, morel mushrooms, white mushrooms, enoki mushrooms, and so on. Various type of proteins are provided by mushrooms such as lectins, fungal immunomodulatory proteins (fip), ribosome inactivating proteins (rip), ribonucleases and others

The various applications include medicinal applications, food applications, body care applications and others. Mushroom protein is used in powder supplements, in juices, and several other forms. Mushroom protein is providing a healthy food and it is also offering various medicinal properties thus mushroom protein market is experiencing a high growth rate owing to its advantages. A broad range of medicinal applications are currently being explored which include extracts, tablets, capsules and many others. As per recent estimates, the global spending on R&D of mushroom protein and the capital expenditure of major companies in the pursuit of mushroom protein in body care applications have also increased significantly since the last decade

The companies referred to in the market research report includesMycoTechnology, Inc. (U.S.), Naturex France Avignon (France), GLG Life Technology Corporation (Canada), Stevia First Corporation (U.S.) and Ajinomoto Co.,Inc. (Japan)

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

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