Middle East And Africa Mycelium Market 2023-2030
Market Outlook
According to a report by Triton Market Research, the mycelium market in the Middle East and Africa is estimated to witness a CAGR of 5.44% over the forecasted years between 2023 to 2030. The report analyzes countries such as Saudi Arabia, Israel, South Africa, the United Arab Emirates, and Rest of Middle East & Africa.
The United Arab Emirates has shown a growing commitment to sustainability and environmental consciousness. This commitment is evident through initiatives such as the Dubai Clean Energy Strategy 2050 and the UAE Vision 2021, which highlight the significance of sustainable approaches. This focus on sustainability may generate increased interest in mycelium-based products as environmentally friendly alternatives.
The demand for mycelium products in Saudi Arabia has been limited. Nevertheless, like numerous other countries, the nation is increasingly prioritizing sustainability as part of its Vision 2030 plan. This strategic vision highlights eco-friendly practices and may lead to heightened interest in mycelium products, given their biodegradability. The rising global awareness surrounding sustainability and environmental concerns is expected to widen the mycelium market’s scope over the forecast years.
Competitive Outlook
The key companies in the mycelium market include Ecovative Design LLC, MycoWorks, Groundwork BioAg, MycoTechnology Inc, and Meati Inc.
- 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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