Europe Mycelium Market Forecast 2023-2032
KEY FINDINGSThe Europe mycelium market is set to record a CAGR of 6.87% during the forecast period, 2023-2032. In Europe, a multitude of government and international organizations are actively promoting the adoption of the latest R&D innovations among mushroom cultivators. Their aim is to improve mushroom quality and increase mushroom mycelium production.
MARKET INSIGHTSPoland, Italy, Spain, France, the United Kingdom, Germany, The Netherlands, and Rest of Europe are analyzed for the Europe mycelium market growth assessment. Compared to its European counterparts, Germany boasts the highest rate of vegetarianism, with over 1.5 million people adopting a vegan lifestyle in 2022. Moreover, more than half of the German population identifies as flexitarians, meaning they choose to incorporate fewer animal-based foods into their diets.
US-based MycoTechnology is gearing up to expand its growth initiatives in Europe, following the European Commission's approval of Novel Food status for two of its mycelium-based plant proteins. In 2020, Mushlabs in Germany secured $10 million in funding for sustainable mycelium production. Mushlabs employs liquid fermentation technology to cultivate mycelia, the 'roots' of mushrooms, for use in the production of alternative proteins and meat substitutes. Edible mushroom mycelium offers a comprehensive and well-balanced nutritional profile, characterized by an umami flavor and texture that makes it particularly suitable for use in meat alternatives.Furthermore, in 2019, Italy engaged in the trade of approximately 1.3 thousand tons of mushrooms. Furthermore, Italy consistently exports nearly 500 tons of mushrooms annually. The majority of these mushrooms are imported from China, followed by Romania, Bulgaria, Slovenia, and Poland. Due to the significant public demand for mushroom and mycelium-based products, Italy presents promising potential for the mycelium market to thrive in the future.
COMPETITIVE INSIGHTSMonaghan Group and Mycorena AB stand out as notable companies within the European 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
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.