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