MIDDLE EAST AND AFRICA MYCELIUM MARKET 2023-2030

Consumer Goods & Services | Food & Beverages

MIDDLE EAST AND AFRICA MYCELIUM MARKET 2023-2030

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

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According to Triton’s research, the mycelium market in the Middle East and Africa is projected to progress at a CAGR of 5.44% in revenue during the forecast period 2023-2030.


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The assessed region comprises the following countries.

•         United Arab Emirates

•         Saudi Arabia

•         Israel

•         South Africa

•         Rest of Middle East & Africa

In the Middle East and Africa, nations depend heavily on agriculture, necessitating strategies to enhance yields and increase revenue from this sector. It’s worth noting that the predominant variety of mushrooms cultivated in the region is the Shiitake mushroom. Given that the majority of the population relies on agriculture, the production of mycelium-based products encounters obstacles arising from a lack of technological infrastructure, access to raw materials, and an environment suitable for such endeavors within the region. Hence, advancements in the agriculture sector are expected to create opportunities for the mycelium market.

Israel holds the majority of share in the market. In recent years, the nation’s agriculture sector has witnessed a remarkable surge in revenue and technological advancements. The agricultural products, notably mushrooms, have consistently demonstrated high quality. Israel has notably spearheaded a substantial agricultural transformation, particularly in the mushroom and mycelium domain, thereby opening opportunities for mycelium products.

The demand for mushrooms in South Africa is shaped by various factors, including culinary customs, health consciousness, dietary shifts, and the accessibility of locally cultivated mushrooms. As the industry adapts to cater to the varied tastes of consumers, mushrooms have become a staple, finding application in both traditional and contemporary recipes. Mushroom varieties like button mushrooms, Portobello mushrooms, and shiitake mushrooms are commonly incorporated into soups, stews, stir-fries, omelets, and an array of other dishes. The culinary adaptability of mushrooms significantly fuels the mycelium market’s growth.

Processed mycelium products refer to substrates that have been colonized and subsequently transformed into dried mycelium, effectively preventing further growth. Mycelium, owing to its cost-effectiveness and environmentally sustainable attributes, serves as a viable substitute for traditional materials. Processed mycelium finds application in diverse areas, including construction and insulation against thermal conductivity.

The market is broadly sectioned into nature, form, and application. The nature segment is branched into processed and raw.

The eminent companies in the market comprise Bolt Threads, Botaniex, Mycorena AB, and Prime Roots.

Bolt Threads specializes in manufacturing mycelium-based leather alternative fabrics. It also develops natural silk fibers and fabrics for use in apparel, footwear, and beauty brands. The company’s product lineup features B-SILKTM PROTEIN, MYLOTM, and MICROSILKTM. Bolt Threads focuses on developing sustainable products, expanding operations across multiple regions.


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 Middle East and Africa 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 Middle East and Africa mycelium market’s growth during the upcoming years

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Table of Content

1. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA MYCELIUM MARKET OUTLOOK - BY NATURE

3.1. RAW

3.2. PROCESSED

4. MIDDLE EAST AND AFRICA MYCELIUM MARKET OUTLOOK - BY FORM

4.1. PRE-FORMED PRODUCT

4.2. POWDER

4.3. TABLET AND CAPSULE

4.4. OTHER FORMS

5. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA MYCELIUM MARKET – BY COUNTRY OUTLOOK

6.1. UNITED ARAB EMIRATES

6.1.1. UNITED ARAB EMIRATES MYCELIUM MARKET FORECAST & PROSPECTS

6.2. SAUDI ARABIA

6.2.1. SAUDI ARABIA MYCELIUM MARKET FORECAST & PROSPECTS

6.3. ISRAEL

6.3.1. ISRAEL MYCELIUM MARKET FORECAST & PROSPECTS

6.4. SOUTH AFRICA

6.4.1. SOUTH AFRICA MYCELIUM MARKET FORECAST & PROSPECTS

6.5. REST OF MIDDLE EAST & AFRICA

6.5.1. REST OF MIDDLE EAST & AFRICA 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: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 7: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY NATURE, 2023-2030 (IN $ MILLION)

TABLE 8: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY FORM, 2023-2030 (IN $ MILLION)

TABLE 9: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)

List of Figures

FIGURE 1: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY NATURE, 2022 & 2030 (IN %)

FIGURE 2: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY RAW, 2023-2030 (IN $ MILLION)

FIGURE 3: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY PROCESSED, 2023-2030 (IN $ MILLION)

FIGURE 4: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY FORM, 2022 & 2030 (IN %)

FIGURE 5: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY PRE-FORMED PRODUCT, 2023-2030 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY POWDER, 2023-2030 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY TABLET AND CAPSULE, 2023-2030 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY OTHER FORMS, 2023-2030 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY APPLICATION, 2022 & 2030 (IN %)

FIGURE 10: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY FOOD AND BEVERAGE, 2023-2030 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY PACKAGING INDUSTRY, 2023-2030 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY CLOTHING AND APPAREL, 2023-2030 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY ANIMAL FEED, 2023-2030 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)

FIGURE 15: MIDDLE EAST AND AFRICA MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 16: UNITED ARAB EMIRATES MYCELIUM MARKET 2023-2030 (IN $ MILLION)

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

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

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

FIGURE 20: REST OF MIDDLE EAST & AFRICA MYCELIUM MARKET 2023-2030 (IN $ MILLION)

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