JAPAN MYCELIUM MARKET FORECAST 2023-2030

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.