Key Findings
The Asia-Pacific mycelium market is set to record a CAGR of 7.68% during the forecast period, 2023-2032. The market growth is driven by the growing adoption of mushrooms in countries such as India and Japan, as well as the rising corporate investments in research and development to implement new technologies in the market.
Market Insights
Vietnam, China, Japan, Australia & New Zealand, Indonesia, India, Philippines, South Korea, and Rest of Asia-Pacific are assessed for the Asia-Pacific mycelium market growth analysis. According to government statistics, India’s mushroom production increased significantly from 17,100 metric tons in 2013-2014 to 487,000 metric tons in 2018. Nevertheless, India’s contribution to global mushroom production remains relatively modest at approximately 2%, with China dominating the market, accounting for over 75% of the world’s production.
Certain states in India have emerged as prominent producers of mushroom mycelium. However, precise data regarding the production and utilization of various mushroom varieties in India is lacking due to limited focus on this sector. Moreover, there is a shortage of comprehensive information on mushroom consumption trends and patterns in India, making it difficult to assess the habits of mushroom consumers. Many small-scale mushroom producers in India rely on seasonal cultivation, primarily during the cooler months.
Indonesia offers significant potential for the mycelium market’s future expansion due to the growing farming sector, urban population, and disposable income. Furthermore, prominent Asian companies and investors are poised to invest in the country’s mushroom industry, benefiting from its favorable market conditions supported by abundant agricultural and natural resources. The ongoing increase in demand for premium mushrooms in both the domestic and export markets underscores substantial opportunities within the global mycelium market.
Competitive Insights
Botaniex and Mycovation rank as prominent companies within the Asia-Pacific mycelium market.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments