ASIA-PACIFIC MYCELIUM MARKET 2023-2030

Consumer Goods & Services | Food & Beverages

ASIA-PACIFIC MYCELIUM MARKET 2023-2030

Market by Nature, Form, Application, and Country Outlook | Forecast 2023-2030

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Triton Market Research’s report suggests that the Asia-Pacific mycelium market is estimated to register a CAGR of 8.03% during the forecast period 2023-2030.


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The studied region comprises the following countries:

•         China

•         Japan

•         South Korea

•         India

•         Australia & New Zealand

•         ASEAN Countries

•         Rest of Asia-Pacific

The Asia-Pacific region, home to over 60% of the world’s population, is projected to experience a significant population increase between 2021 and 2026. This population growth, coupled with rising incomes, has given rise to concerns about food scarcity and sustainable production within the region. As a result, mushroom and mycelium processors are directing their efforts toward boosting crop yields and ensuring a year-round supply of mushroom mycelium to meet the growing demand.

Additionally, the growth of the mycelium market in the region is influenced by an increasing per capita consumption of mushrooms, along with the adoption of innovative mycelium farming techniques. The market is further driven by the growing investment in research and development by companies aimed at implementing new technologies.

China leads with the highest share in the region’s market. Mushrooms are a highly nutritious food source that can be cultivated using cost-effective and readily available raw materials. China stands as the world’s leading producer and consumer of mycelium products, accounting for over 75% of the global output in recent years. Further, the expansion of manufacturing facilities and increasing consumer demand for mycelium products have transformed the country’s mycelium market. A rapid consolidation of medium and large companies is anticipated, driven by the government’s efforts to foster industrial partnerships in order to regulate the industry and fuel competitiveness in the global mycelium market.

Commercially available raw mycelium products include white oyster mycelium seeds, mycelium spawns, and mycelium spores. These products are utilized for enhancing plant growth serving as fertilizers. They possess distinct odors and contribute to soil quality, texture, and structure improvement. Mycelium-based fertilizers present a more environmentally friendly and biodegradable alternative to chemical fertilizers. They effectively support crop growth, contributing to overall stability in agricultural ecosystems.

The market’s growth is assessed based on nature, form, and application. Based on nature, it is sectioned into raw and processed.

The major companies listed in the market include Mogu SRL, Bolt Threads, Botaniex, Mycorena AB, Nature’s Fynd, and Prime Roots.

Botaniex, a manufacturer and supplier of natural ingredients, including botanical and herbal extracts, caters to various industries like dietary supplements, functional foods, functional beverages, cosmetics, and pharmaceuticals. The company efficiently operates via four plants in Hunan, Guangzhou, Guangxi, and Sichuan Province. In addition to its core product offerings, Botaniex also extends value-added services to its customers, such as private labels and contract manufacturing. The company is headquartered in Hunan Province, China.

 

KEY DELIVERABLES OF THE REPORT:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies

      Comprehensive information and estimation of the mycelium market revenue growth in the Asia-Pacific and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

      A wide-ranging study of factors that will challenge the APAC mycelium market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. ASIA-PACIFIC MYCELIUM MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT ANALYSIS ON THE MYCELIUM MARKET

2.1.1. COVID-19 IMPACT

2.2. KEY INSIGHTS

2.2.1. MYCELIUM VERSATILITY ATTRACTING NUMEROUS START-UPS

2.2.2. RADICAL SHIFT IN CONSUMER BEHAVIOR AND PREFERENCE

2.2.3. ECO-FRIENDLY PACKAGING AND PROTEIN ALTERNATIVE

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET MATURITY ANALYSIS

2.5. KEY MARKET STRATEGIES

2.5.1. PRODUCT LAUNCHES & DEVELOPMENTS

2.5.2. COLLABORATIONS

2.5.3. ACQUISITIONS

2.5.4. BUSINESS EXPANSIONS

2.6. MARKET DRIVERS

2.6.1. LOW-COST INVESTMENT WITH MULTIPLE APPLICATIONS

2.6.2. CONSUMER INCLINATION TOWARDS ECO-FRIENDLY PRODUCTS AND CIRCULAR ECONOMY

2.6.3. GOVERNMENT INITIATIVES BOOST MANUFACTURING R&D OF MYCELIUM-BASED PRODUCTS

2.7. MARKET CHALLENGES

2.7.1. AVAILABILITY OF VARIOUS SUBSTITUTES

2.7.2. LOW LEVEL OF COMMERCIALIZATION AND LABOR-INTENSIVE

2.8. MARKET OPPORTUNITIES

2.8.1. MYCELIUM-BASED ORGANO-ELECTRONICS GAIN ATTENTION

2.8.2. SHIFT IN CONSUMER BEHAVIOR AND PREFERENCE

2.8.3. ADOPTION OF MYCELIUM IN THE PHARMACEUTICAL AND BEAUTY INDUSTRY

2.9. ANALYST PERSPECTIVE

3. ASIA-PACIFIC MYCELIUM MARKET OUTLOOK - BY NATURE

3.1. RAW

3.2. PROCESSED

4. ASIA-PACIFIC MYCELIUM MARKET OUTLOOK - BY FORM

4.1. PRE-FORMED PRODUCT

4.2. POWDER

4.3. TABLET AND CAPSULE

4.4. OTHER FORMS

5. ASIA-PACIFIC MYCELIUM MARKET OUTLOOK - BY APPLICATION

5.1. FOOD AND BEVERAGE

5.2. PACKAGING

5.3. CLOTHING AND APPAREL

5.4. ANIMAL FEED

5.5. OTHER APPLICATIONS

6. ASIA-PACIFIC MYCELIUM MARKET – BY COUNTRY OUTLOOK

6.1. CHINA

6.1.1. CHINA MYCELIUM MARKET FORECAST & PROSPECTS

6.2. JAPAN

6.2.1. JAPAN MYCELIUM MARKET FORECAST & PROSPECTS

6.3. INDIA

6.3.1. INDIA MYCELIUM MARKET FORECAST & PROSPECTS

6.4. SOUTH KOREA

6.4.1. SOUTH KOREA MYCELIUM MARKET FORECAST & PROSPECTS

6.5. ASEAN COUNTRIES

6.5.1. ASEAN COUNTRIES MYCELIUM MARKET FORECAST & PROSPECTS

6.6. AUSTRALIA & NEW ZEALAND

6.6.1. AUSTRALIA & NEW ZEALAND MYCELIUM MARKET FORECAST & PROSPECTS

6.7. REST OF ASIA-PACIFIC

6.7.1. REST OF ASIA-PACIFIC MYCELIUM MARKET FORECAST & PROSPECTS

7. COMPETITIVE LANDSCAPE

7.1. GROUNDWORK BIOAG

7.1.1. OVERVIEW

7.1.2. PRODUCT PORTFOLIO

7.1.3. KEY STRENGTHS

7.1.4. KEY CHALLENGE

7.2. MYCOTECHNOLOGY INC

7.2.1. OVERVIEW

7.2.2. PRODUCT PORTFOLIO

7.2.3. KEY STRENGTHS

7.2.4. KEY CHALLENGE

7.3. ECOVATIVE DESIGN LLC

7.3.1. OVERVIEW

7.3.2. PRODUCT PORTFOLIO

7.3.3. KEY STRENGTHS

7.3.4. KEY CHALLENGES

7.4. MONAGHAN GROUP

7.4.1. OVERVIEW

7.4.2. PRODUCT PORTFOLIO

7.4.3. KEY STRENGTHS

7.4.4. KEY CHALLENGE

7.5. MEATI INC

7.5.1. OVERVIEW

7.5.2. PRODUCT PORTFOLIO

7.5.3. KEY STRENGTHS

7.5.4. KEY CHALLENGE

7.6. BOLT THREADS

7.6.1. OVERVIEW

7.6.2. PRODUCT PORTFOLIO

7.6.3. KEY STRENGTHS

7.6.4. KEY CHALLENGE

7.7. MOGU SRL

7.7.1. OVERVIEW

7.7.2. PRODUCT PORTFOLIO

7.7.3. KEY STRENGTHS

7.7.4. KEY CHALLENGE

7.8. MYCORENA AB

7.8.1. OVERVIEW

7.8.2. PRODUCT PORTFOLIO

7.8.3. KEY STRENGTHS

7.8.4. KEY CHALLENGES

7.9. MYCOWORKS

7.9.1. OVERVIEW

7.9.2. PRODUCT PORTFOLIO

7.10. BOTANIEX

7.10.1. OVERVIEW

7.10.2. PRODUCT PORTFOLIO

7.11. PRIME ROOTS

7.11.1. OVERVIEW

7.11.2. PRODUCT PORTFOLIO

7.12. NATURE’S FYND

7.12.1. OVERVIEW

7.12.2. PRODUCT PORTFOLIO

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: LIST OF PRODUCT LAUNCHES

TABLE 3: LIST OF COLLABORATIONS

TABLE 4: LIST OF ACQUISITIONS

TABLE 5: LIST OF BUSINESS EXPANSIONS

TABLE 6: ASIA-PACIFIC MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC MYCELIUM MARKET, BY NATURE, 2023-2030 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC MYCELIUM MARKET, BY FORM, 2023-2030 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC MYCELIUM MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)

List of Figures

FIGURE 1: ASIA-PACIFIC MYCELIUM MARKET, BY NATURE, 2022 & 2030 (IN %)

FIGURE 2: ASIA-PACIFIC MYCELIUM MARKET, BY RAW, 2023-2030 (IN $ MILLION)

FIGURE 3: ASIA-PACIFIC MYCELIUM MARKET, BY PROCESSED, 2023-2030 (IN $ MILLION)

FIGURE 4: ASIA-PACIFIC MYCELIUM MARKET, BY FORM, 2022 & 2030 (IN %)

FIGURE 5: ASIA-PACIFIC MYCELIUM MARKET, BY PRE-FORMED PRODUCT, 2023-2030 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC MYCELIUM MARKET, BY POWDER, 2023-2030 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC MYCELIUM MARKET, BY TABLET AND CAPSULE, 2023-2030 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC MYCELIUM MARKET, BY OTHER FORMS, 2023-2030 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC MYCELIUM MARKET, BY APPLICATION, 2022 & 2030 (IN %)

FIGURE 10: ASIA-PACIFIC MYCELIUM MARKET, BY FOOD AND BEVERAGE, 2023-2030 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC MYCELIUM MARKET, BY PACKAGING, 2023-2030 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC MYCELIUM MARKET, BY CLOTHING AND APPAREL, 2023-2030 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC MYCELIUM MARKET, BY ANIMAL FEED, 2023-2030 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC MYCELIUM MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 16: CHINA MYCELIUM MARKET 2023-2030 (IN $ MILLION)

FIGURE 17: JAPAN MYCELIUM MARKET 2023-2030 (IN $ MILLION)

FIGURE 18: INDIA MYCELIUM MARKET 2023-2030 (IN $ MILLION)

FIGURE 19: SOUTH KOREA MYCELIUM MARKET 2023-2030 (IN $ MILLION)

FIGURE 20: ASEAN COUNTRIES MYCELIUM MARKET 2023-2030 (IN $ MILLION)

FIGURE 21: AUSTRALIA & NEW ZEALAND MYCELIUM MARKET 2023-2030 (IN $ MILLION)

FIGURE 22: REST OF ASIA-PACIFIC MYCELIUM MARKET 2023-2030 (IN $ MILLION)

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