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JAPAN MYCELIUM MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

Japan Mycelium Market by Type (Raw, Processed) Market by Product Form (Pre-formed Product, Powder, Tablet and Capsule, Other Product Forms) Market by End-user (Food and Beverage Industry, Packaging Industry, Clothing and Apparel Industry, Animal Feed Industry, Other End-users) 


MARKET OVERVIEW

The Japan mycelium market growth is anticipated to progress at a CAGR of 7.93% during 2023-2030, and is set to reach a revenue of $230.83 million by 2030.

Japan is a prominent mushroom producer, primarily due to the extensive utilization of mushrooms and mycelium in Japanese cuisine. Japan also holds a position in the top five nations exporting fresh and dried mushrooms, along with mycelium, to regions such as Europe and the U.S.

Among the various mushroom varieties cultivated in Japan, Shiitake mushrooms stand out as the most widely grown. The mycelium of Shiitake mushrooms is globally recognized for its exceptional quality fibers and flavor, making it a sought-after raw material. Its substantial texture and rich umami flavor make it a popular choice for cooking, including sautés and soups, enjoyed by people worldwide. 

Additionally, Shiitake mushrooms are rich in vitamin D, aiding in calcium absorption. Notably, the U.S. ranks as Japan’s third-largest importer of dried Shiitake mushrooms, primarily distributed through Oriental food markets and restaurants. The meaty texture and ease of cooking with Shiitake mushroom mycelium make it a convenient option for alternative meat and various food and beverage applications. 

Further, Japan’s leading position in mushroom production also leads to the use of Japanese mushrooms in the creation of other mycelium-based products, such as packaging materials and alternative leather by other countries.

However, during the pandemic, exports of edible mushrooms to Europe and the U.S. experienced a decline due to logistical constraints, as these regions have a preference for fresh mushrooms and fresh mycelium. Nonetheless, exports from Japan, South Korea, Malaysia, and the Philippines remained robust, with a significant focus on mushroom mycelium in everyday cuisine, driven by growing awareness of its various health benefits. Whereas the demand for dried mushrooms from Asian nations ensured a consistent supply during the pandemic period.

Japan Mycelium Market

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The Japan mycelium market segmentation includes end-user, type, and product form. The type segment includes processed and raw.

Commercialized forms of raw mycelium, such as white oyster mycelium seeds, mycelium spawns, and mycelium spores, are available in the market. Grenfel stands out as a prominent manufacturer of raw mycelium, and there are other companies like Myco Bliss, UTKARSH, and Casa De Amor that have also entered the market with their raw mycelium products. These products, primarily in powdered form, contain spores and fragments of mycelium fungi, which are utilized for enhancing plant growth and serving as a fertilizer. They are known for their distinct pungent odor and their ability to improve soil quality, texture, and structure.

Mycelium fertilizers are gaining popularity as an eco-friendly and biodegradable alternative to chemical fertilizers. They offer several advantages, including promoting crop growth, controlling plant diseases, and contributing to soil stability.

Furthermore, mycelium products that have undergone processing are substrates that get colonized and subsequently dried, preventing further growth. Mycelium is highly valuable as a sustainable and cost-effective alternative to traditional materials. Processed mycelium finds application in diverse areas like construction and thermal insulation.

Moreover, processed and stabilized mycelium can serve as substitutes for foam, insulation, flooring, furniture, and panels. The increased adoption of processed mycelium can be attributed to its qualities such as low density, fire resistance, and excellent acoustic absorption properties. Its versatile use in applications like insulation, door cores, paneling, flooring, cabinetry, and other furnishings is driving the anticipated rapid growth of processed mycelium products in the future, attributed to its flexibility.

Some of the key companies operating in the Japan mycelium market include Mogu srl, Botaniex, Ecovative LLC, etc.

Botaniex manufactures and supplies natural ingredients like herbal formulations and herbal/botanical extracts for industries like pharmaceuticals, cosmetics, functional beverages, functional foods, and dietary supplements. The company encompasses four plants in Sichuan, Guangxi, Guangzhou, and Hunan, facilitated through strategic alliances. These plants account for a total annual capacity of 800 metric tonnes of botanical extracts. It is headquartered in Hunan Province, China.

One of its key products, MHM-EX™ Monkey Head Mushroom Extract, encompasses a rich variety of amino acids, antioxidants, and polysaccharides and lowers cholesterol & blood sugar, treats hemorrhoids & ulcers, and boosts immune function.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Type, Product Form, End-User
Countries AnalyzedJapan
Companies AnalyzedBotaniex, Ecovative LLC, Mogu srl, Monaghan Group, Mycorena AB

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON MYCELIUM MARKET
    6. MAJOR MARKET FINDINGS
      1. SIGNIFICANT INVESTMENTS AND FUNDING IN JAPAN MYCELIUM MARKET
      2. BOOMING MYCOCOSMETICS IN BEAUTY INDUSTRY
      3. MYCELIUM BRICK: AN EMERGING MATERIAL
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. FAVORABLE GOVERNMENT REGULATIONS BOOST R&D OF MYCELIUM-BASED APPLICATIONS
      2. STYROFOAM AND POLYSTYRENE BAN AND STEADY ADOPTION OF BIO-BASED CIRCULAR ECONOMY SURGES DEMANDS
      3. RADICAL SHIFT IN CONSUMER BEHAVIOR AND PREFERENCE
      4. NUMEROUS APPLICATIONS ACROSS MULTIPLE INDUSTRY VERTICALS WITH LOW INVESTMENT
    2. KEY RESTRAINTS
      1. LABOR-INTENSIVE AND LOW & INADEQUATE COMMERCIALIZATION OF MYCELIUM PRODUCTS
      2. EASY AVAILABILITY OF SUBSTITUTES
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. AN ECO-FRIENDLY PACKAGING AND PROTEIN ALTERNATIVE
      2. MYCELIUM-BASED ORGANO-ELECTRONICS
      3. UTILIZATION OF MYCELIUM IN THE SKIN CARE AND PHARMACEUTICAL INDUSTRIES
      4. MYCELIUM VERSATILITY ATTRACTS NUMEROUS START-UPS
    2. PEST ANALYSIS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING
      1. GROWTH MAPPING PROSPECT FOR JAPAN
  5. MARKET BY TYPE
    1. RAW
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. PROCESSED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY PRODUCT FORM
    1. PRE-FORMED PRODUCT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. POWDER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. TABLET AND CAPSULE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER PRODUCT FORMS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY END-USER
    1. FOOD AND BEVERAGE INDUSTRY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. PACKAGING INDUSTRY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. CLOTHING AND APPAREL INDUSTRY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. ANIMAL FEED INDUSTRY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER END-USERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BOTANIEX
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      2. ECOVATIVE LLC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. MOGU SRL
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. MONAGHAN GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. MYCORENA AB
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – MYCELIUM

TABLE 2: JAPAN MYCELIUM MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: JAPAN MYCELIUM MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 4: JAPAN MYCELIUM MARKET, BY PRODUCT FORM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: JAPAN MYCELIUM MARKET, BY PRODUCT FORM, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 6: JAPAN MYCELIUM MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: JAPAN MYCELIUM MARKET, BY END-USER, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 8: KEY PLAYERS OPERATING IN JAPAN MYCELIUM MARKET

TABLE 9: LIST OF MERGERS & ACQUISITIONS

TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 12: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR JAPAN

FIGURE 4: JAPAN MYCELIUM MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 5: JAPAN MYCELIUM MARKET, BY RAW, 2023-2030 (IN $ MILLION)

FIGURE 6: JAPAN MYCELIUM MARKET, BY PROCESSED, 2023-2030 (IN $ MILLION)

FIGURE 7: JAPAN MYCELIUM MARKET, GROWTH POTENTIAL, BY PRODUCT FORM, IN 2022

FIGURE 8: JAPAN MYCELIUM MARKET, BY PRE-FORMED PRODUCT, 2023-2030 (IN $ MILLION)

FIGURE 9: JAPAN MYCELIUM MARKET, BY POWDER, 2023-2030 (IN $ MILLION)

FIGURE 10: JAPAN MYCELIUM MARKET, BY TABLET AND CAPSULE, 2023-2030 (IN $ MILLION)

FIGURE 11: JAPAN MYCELIUM MARKET, BY OTHER PRODUCT FORMS, 2023-2030 (IN $ MILLION)

FIGURE 12: JAPAN MYCELIUM MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 13: JAPAN MYCELIUM MARKET, BY FOOD AND BEVERAGE INDUSTRY, 2023-2030 (IN $ MILLION)

FIGURE 14: JAPAN MYCELIUM MARKET, BY PACKAGING INDUSTRY, 2023-2030 (IN $ MILLION)

FIGURE 15: JAPAN MYCELIUM MARKET, BY CLOTHING AND APPAREL INDUSTRY, 2023-2030 (IN $ MILLION)

FIGURE 16: JAPAN MYCELIUM MARKET, BY ANIMAL FEED INDUSTRY, 2023-2030 (IN $ MILLION)

FIGURE 17: JAPAN MYCELIUM MARKET, BY OTHER END-USERS, 2023-2030 (IN $ MILLION)

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