Market by Nature, Form, Application, and Country Outlook | Forecast 2023-2030
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
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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VIEW REPORT1. 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
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)
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)