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Asia-Pacific Mycelium Market Analysis and Forecast, 2023-2028: Growing Utilization of Bio-Fabrication Technique

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DUBLIN, Feb. 21, 2024 /PRNewswire/ — The “Asia-Pacific Mycelium Market: Analysis and Forecast, 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The Asia-Pacific mycelium market (excluding China) was valued at $300.0 million in 2023 and is expected to reach $500.1 million by 2028, growing at a CAGR of 10.76% between 2023 and 2028. The growth of the mycelium market is anticipated to be fueled by the rising need for sustainable materials and their role in promoting a circular economy.

The mycelium market in the Asia-Pacific (APAC) region is currently in its early stages but shows immense potential for growth. Research and development activities are on the rise, driven by the increasing demand for mycelium-based products, particularly in response to changing consumer preferences favoring plant-based and vegan options. One significant opportunity in the APAC mycelium market lies in the escalating investments in research and development, aimed at harnessing the full potential of mycelium.

Mycelium exhibits versatile properties that can be customized to suit various applications, making it increasingly appealing to consumers across industries such as pharmaceuticals, construction, electronics, and skincare. As the region embraces sustainable and eco-friendly alternatives, the APAC mycelium market is poised for expansion, offering innovative solutions that align with the growing emphasis on sustainability and circular economy practices.

Market Segmentation:

Segmentation by Application

Food and Beverage IndustryPackaging IndustryTextile IndustryOthers

Segmentation by Nature

RawProcessed

Segmentation by Form

Pre-Formed ProductPowderLiquid CultureTablet and Capsule

Segmentation by Country

IndiaJapanSouth KoreaAustralia and New ZealandRest-of-Asia-Pacific

Key Market Dynamics

Trends

Boosts Circular EconomyMycelium-Based Organo-ElectronicsGrowing Utilization of Bio-Fabrication Technique

Drivers

Increasing Innovation in Sustainable and Eco-Friendly ProductsShift in Consumer Behavior and PreferenceAdvancements in Research and Technology

Challenges

Challenge of Scalability and CommercializationTransition from Conventional Materials

Opportunities

Increasing Research and Development Investments in the Mycelium SectorEmerging Multi-Directional Applications of MyceliumAdoption of Mycelium in the Pharmaceutical and Skin Care IndustryAdoption of Mycelium to Manufacture Biodegradable MaterialsAdoption of Mycelium in the Textile and Fashion IndustryAdoption of Mycelium to Produce Sustainable PackagingAdoption of Mycelium to Manufacture Construction MaterialsModifiable Material Characteristics of Mycelium

Case Studies

Bosque Foods in Food and Beverage IndustryEcovative LLC in Packaging IndustryMycoWorks in Textile Industry

How can this report add value?

Product/Innovation Strategy: The product segment helps the reader understand the different types of mycelium products available for deployment in food and beverage, clothing, packaging, and other industries and their potential. Moreover, the study provides the reader with a detailed understanding of the different mycelium-based products by application (food and beverage, packaging, textile, and others), nature (raw and processed), and form (pre-formed product, powder, liquid culture, and tablet and capsule). Mycelium-based finished products generate higher revenues when compared to operational and raw material costs. Therefore, the mycelium business is a low-investment and high-revenue generating agricultural model.

Growth/Marketing Strategy: The APAC mycelium market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been product launches to strengthen their position in the mycelium market.

Competitive Strategy: Key players in the APAC mycelium market analyzed and profiled in the study involve mycelium-based product manufacturers that provide raw or processed products. Moreover, a detailed competitive benchmarking of the players operating in the APAC mycelium market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Topics Covered:

Executive Summary

1 Markets
1.1 Industry Outlook
1.1.1 Market Definition
1.1.2 Trends
1.1.2.1 Boosts Circular Economy
1.1.2.2 Mycelium-Based Organo-Electronics
1.1.2.3 Growing Utilization of Bio-Fabrication Technique
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Regulatory Landscape
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Innovation in Sustainable and Eco-Friendly Products
1.2.1.2 Shift in Consumer Behavior and Preference
1.2.1.3 Advancements in Research and Technology
1.2.2 Business Challenges
1.2.2.1 Challenge of Scalability and Commercialization
1.2.2.2 Transition from Conventional Materials
1.2.3 Market Strategies and Developments
1.2.4 Corporate Strategies
1.2.5 Business Opportunities
1.2.5.1 Increasing Research and Development Investments in the Mycelium Sector
1.2.5.2 Emerging Multi-Directional Applications of Mycelium
1.2.5.2.1 Adoption of Mycelium in the Pharmaceutical and Skin Care Industry
1.2.5.2.2 Adoption of Mycelium to Manufacture Biodegradable Materials
1.2.5.2.3 Adoption of Mycelium in the Textile and Fashion Industry
1.2.5.2.4 Adoption of Mycelium to Produce Sustainable Packaging
1.2.5.2.5 Adoption of Mycelium to Manufacture Construction Materials
1.2.5.3 Modifiable Material Characteristics of Mycelium
1.2.6 Case Study
1.3 Investment Landscape

2 Regions
2.1 Mycelium Outlook
2.1.1 Mushroom Production
2.1.2 Polystyrene Ban by Countries
2.2 China
2.2.1 Market
2.2.2 Application
2.2.3 Product
2.3 Asia-Pacific
2.3.1 Market
2.3.2 Application
2.3.3 Product
2.3.4 Country
2.3.4.1 Asia-Pacific Mycelium Market (by Country), $Million, 2022-2028
2.3.4.2 Asia-Pacific Mycelium Market (by Country), Thousand Kilogram, 2022-2028
2.3.4.3 Japan
2.3.4.4 Australia and New Zealand
2.3.4.5 India
2.3.4.6 South Korea
2.3.4.7.1 Market

3 Markets – Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.2 Market Share Analysis
3.2.1 Market Share Analysis for Mycelium Market
3.3 Company Profiles
3.3.1 Packaging Industry
3.3.1.1 Mycotech Lab
3.3.1.1.1 Company Overview
3.3.1.1.1.1 Role of Mycotech Lab in the Mycelium Market
3.3.1.1.1.2 Product Portfolio
3.3.1.1.2 Customer Profile
3.3.1.1.3 Business Strategies
3.3.1.1.4 Business Model
3.3.1.1.5 Analyst View

For more information about this report visit https://www.researchandmarkets.com/r/xj2qtr

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

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24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

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Global Times: China opens 12 nuclear research facilities to global scientists

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The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

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SOURCE Global Times

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The Ar-King of Spirits: Ed Arking’s Impact on the Liquor Industry

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In the interest of providing luxury liquors in a convenient and stress-free format, Served Neat was born. When asked about his intentions for the company, Ed states, “My goal with Served Neat is to create a one-stop shop where customers can easily discover these rare gems.”

MOORESTOWN, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — Served Neat is an emerging online platform with a curated selection of some of the world’s most popular luxury spirits. The website offers daily flash deals that highlight a variety of high-end international brands including Pappy Van Winkle, Buffalo Trace, Clase Azul, and more.

“While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Ed and Joe Arking, the father-son team behind the concept of Served Neat, have decades of experience hand-selecting and supplying sought-after liquors. Ed Arking, CEO of New Jersey’s Roger Wilco, grew up in the world of wine and spirits and formed his own business aspirations.

“Growing up, I watched my father navigate and succeed in the ever-evolving wine and spirits industry,” Ed explains. “While I always aspired to create something similar, I knew I needed to wait for the right moment.” Ed has gone on to manage his own liquor store and lead projects for up-and-coming brands, such as the vodka-infused and non-carbonated Smooth Water.

As he evolved in his career, Ed discovered the perfect time to make his lifelong vision a reality. He recalls, “I noticed a gap in the market—especially for whiskey and tequila. These categories have surged in popularity, making it difficult for the everyday consumer to find those elusive sought-after allocated bottles.”

In the interest of providing luxury liquors in a convenient and stress-free format, Served Neat was born. When asked about his intentions for the company, Ed states, “My goal with Served Neat is to create a one-stop shop where customers can easily discover these rare gems.”

When it comes to Served Neat, quality and knowledge is key. Ed adds, “While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Served Neat is the sister company to WTSO and The Wine Market, two online platforms dedicated to sourcing and distributing top-notch wines from every corner of the globe.

At The Wine Market, an online marketplace for the world’s most popular wine brands, convenience and quality are key. Each bottle in their curated collection is a testament to exceptional flavor and craftsmanship.

Since 2006, WTSO has enjoyed creating a unique wine experience and sharing it with new beginners and seasoned connoisseurs alike. Using an extensive network of wineries and wine makers, WTSO connects customers to thousands of brands from top wine appellations around the globe. The strong relationships they’ve formed within the wine world allow the business to deliver authentic and high-quality bottles to homes across the United States.

Wine and spirits lovers alike are invited to explore Served Neat, WTSO, and The Wine Market to find their next favorite bottle. Visit their websites to learn more about these one-of-a-kind online marketplaces!

Media Contact

Julie Blount, WTSO, 1 8669572795, marketing@wtso.com

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SOURCE WTSO

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