LATIN AMERICA MYCELIUM MARKET 2023-2030

Consumer Goods & Services | Food & Beverages

LATIN AMERICA MYCELIUM MARKET 2023-2030

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

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Triton’s research report indicates that the mycelium market in Latin America is estimated to witness a growth rate of 6.63% from 2023 to 2030.

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The countries included in the region are:

•         Brazil

•         Mexico

•         Rest of Latin America

In Latin America, the population is gradually showing interest in embracing healthy dietary options and pursuing a more sustainable future. Emerging startups in the mycelium market have recognized this potential and multiple applications of mycelium. Additionally, various industries and companies are actively engaging in research and development efforts aimed at comprehending and innovating further mycelium applications. These factors are anticipated to play a pivotal role in driving the growth of the mycelium market.

Mexico captures the majority share in the mycelium market. The northern states of Mexico have significantly benefited from foreign investments in the mycelium market. Consumer preferences generally revolve around product quality, efficiency in procurement and usage, and cost-effectiveness, all of which are characteristic features of mycelium products when cultivated and maintained under appropriate conditions.

Further, Mexico is recognized as the world’s second most obesity-affected nation, a significant driving factor for the mycelium market. Despite the relatively higher cost of organic products, the market is steadily growing at a rate of around 10% annually. Furthermore, the fashion and clothing industry, which represents the second-fastest-growing sector, has shown a notable inclination towards mycelium adoption.

The clothing and apparel industry heavily rely on resource-intensive fabrics in its manufacturing process. Within the premium segment, silk and leather stand out as prominent materials involving significant animal cruelty. To address the issues related to animal cruelty and unsustainable practices in the industry, an emerging alternative is mycelium-based leather. Mycelium and traditional leather share several common characteristics. For instance, it is a multicellular material with a structure composed of filaments, which lends itself well to creating a material that mimics the properties of leather, including texture and flexibility. The resulting mycelium-based fabric exhibits variations in tensile strength, stiffness, and breathability, similar to natural leather. The market’s growth is assessed based on application, form, and nature. The application section further includes clothing and apparel, food and beverage, packaging, animal feed, and other applications.

Some of the companies listed in the market’s report include Mycorena AB, Bolt Threads, Nature’s Fynd, Botaniex, and Prime Roots.

Nature’s Fynd, a US company, leverages mycelium protein to produce meat and dairy alternatives. Its patented protein, known as Fy, boasts a complete amino acid profile featuring all nine essential amino acids. The company cultivates this protein through its proprietary fermentation process, which is notably efficient in terms of water, land, and energy usage compared to conventional animal-based protein sources.


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 Latin America 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 LA mycelium market’s growth during the upcoming years

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Table of Content

1. LATIN AMERICA 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. LATIN AMERICA MYCELIUM MARKET OUTLOOK - BY NATURE

3.1. RAW

3.2. PROCESSED

4. LATIN AMERICA MYCELIUM MARKET OUTLOOK - BY FORM

4.1. PRE-FORMED PRODUCT

4.2. POWDER

4.3. TABLET AND CAPSULE

4.4. OTHER FORMS

5. LATIN AMERICA 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. LATIN AMERICA MYCELIUM MARKET – BY COUNTRY OUTLOOK

6.1. BRAZIL

6.1.1. BRAZIL MYCELIUM MARKET FORECAST & PROSPECTS

6.2. MEXICO

6.2.1. MEXICO MYCELIUM MARKET FORECAST & PROSPECTS

6.3. REST OF LATIN AMERICA

6.3.1. REST OF LATIN AMERICA 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: LATIN AMERICA 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: LATIN AMERICA MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

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

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

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

List of Figures

FIGURE 1: LATIN AMERICA MYCELIUM MARKET, BY NATURE, 2022 & 2030 (IN %)

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

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

FIGURE 4: LATIN AMERICA MYCELIUM MARKET, BY FORM, 2022 & 2030 (IN %)

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

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

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

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

FIGURE 9: LATIN AMERICA MYCELIUM MARKET, BY APPLICATION, 2022 & 2030 (IN %)

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

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

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

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

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

FIGURE 15: LATIN AMERICA MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

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

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

FIGURE 18: REST OF LATIN AMERICA MYCELIUM MARKET 2023-2030 (IN $ MILLION)

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