USD 11.22 Billion
Mycelium Market Size, Share, and Growth Analysis
Mycelium Market By Product Type (Food & Beverages, Pharmaceuticals, Biomaterials, Packaging, Cosmetics & Personal Care), By Application (Fresh Produce, Meat & Poultry, Dairy Products, Beverages, Medical Devices), By Form, By Region -Industry Forecast 2025-2032
Report ID:
SQMIG30I2531 |
Region:
Global |
Published Date: July, 2025
Pages:
188
|Tables:
37
|Figures:
69
Format -
Mycelium Market Insights
Global Mycelium Market size was valued at USD 11.22 Billion in 2023 and is poised to grow from USD 13.83 Billion in 2024 to USD 90.83 Billion by 2032, growing at a CAGR of 23.3% over the forecast period (2025–2032).
The global mycelium market growth is being fuelled by an increase in demand for sustainable protein sources and biodegradable materials. Mycelium's broad functionality across plant-based meat, packaging, and vegan leather options have all increased adoption, supported by vegan trends and a focus on circular economy initiatives. Developments in biotech cultivation methods, and government support for green materials will further drive growth and reinforce mycelium's role as a bio-based solution for sustainable materials.
- For instance, Ecovative Design, a leading company in mycelium technology, has developed Mushroom Packaging as a fully compostable substitute for polystyrene foam, which many major brands, including IKEA, Dell, and others, are using to help reduce their plastic waste. With improvements in biotech cultivation processes and also government support for green materials, mycelium will continue to grow and further fortify its place as a leading bio-based solution for a sustainable, more eco-friendly industry.
What Makes AI Integration Crucial for Mycelium Market?
AI integration is crucial for the mycelium market as it optimizes production efficiency, reduces costs, and enhances quality control. These help to change the mycelium market outlook. Machine learning algorithms analyze growth conditions humidity, temperature, and nutrient levels to maximize mycelium yield and consistency. AI-driven automation accelerates R&D, enabling faster development of new materials like mycelium-based leather or meat alternatives. Predictive analytics also help scale production sustainably, minimizing waste. By streamlining processes and improving precision, AI ensures mycelium products meet commercial demands, making them more competitive against traditional materials.
Market snapshot - (2025–2032)
Global Market Size
Largest Segment
Powder
Fastest Growth
Extract
Growth Rate
23.3% CAGR
Global Mycelium Market ($ Bn)
Country Share for North America(%)
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Mycelium Market Segments Analysis
The global mycelium market is segmented into product type, application, form, and region. By product type, the market is classified into food & beverages, pharmaceuticals, biomaterials, packaging and cosmetics & personal care. Depending on application, classified into fresh produce, meat & poultry, dairy products, beverages and medical devices. By form, the market is classified into fresh, dried, powder, granules and extract. Regionally, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Why Food & Beverages Do Dominate in Mycelium Market?
As per the global mycelium market analysis, the food and beverage market is the leading sector in the mycelium market because of its increasing demand for sustainable protein alternatives. Mycelium is a major component in plant-based meats, providing a meat-like texture with greater nutritional impact, useful in products for vegans and flexitarians. Mycelium is produced rapidly, has a low environmental footprint, and is cheaper than conventional proteins. Firms such as Quorn and Meati use mycelium-based products to adhere to clean-label trends. Mycelium-based enzymes also enhance food processing methods, further encouraging the use of mycelium in food applications. The consumer preference for eco-friendly food choices, along with mycelium's adaptability, continues to support mycelium prominently in the food and beverage sector afterwards.
Whereas the demand for pharmaceuticals segment is expected to grow as they find a foothold in drug development. Fungi-derived bioactive molecules show potential in antibiotics, immunomodulators, and cancer therapeutics. The blockchain-type advances in fermentation technologies increase potential for commercial and large-scale production, while the sustainable sourcing of mycelium aligns naturally with green pharmaceuticals approach. With the world needing to tap the vast potential in mycelium for expanding medicinal applications, it is well-poised for growth.
Why Powder Do Dominate in Mycelium Market?
Based on the global mycelium market forecast, powder will dominate the mycelium market because it can be effectively incorporated in many different forms and is nutritionally dense while having a long shelf life. This opens uses in food (protein powders, meat alternatives), supplements (beta-glucans), beauty products (skin repair formulations). Powder is also lightweight meaning that shipping costs are lower. It is additionally processed and standardized, and consumers can feel confident that product consistency remains unaffected. As functional ingredients continue to be in demand, the versatility of mycelium powder further entrenches its dominant position.
The extract segment is expected to have the largest global mycelium market share, the global mycelium market as it is considered a high-value application area within nutraceuticals, pharmaceuticals, and cosmetics. As mycelium is rich in bioactive compounds, including beta-glucans, antioxidants, and antimicrobial agents, supplements that support immune function and natural therapeutics have particularly stimulated demand. The concentrated bioactivity in these extracts can promote the establishment of health-focused mycelium products. Given the high levels of potency one can prescribe, extracts are also relatively easier to be used in product formulations compared to other forms; therefore, they will see broad usage across health-focused and regulated industries.
Global Mycelium Market By Form (%)
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Mycelium Market Regional Insights
Why Does North America Lead the Mycelium Market?
North America dominates the mycelium market due to strong R&D investments in mycelium innovation, a growing alternative protein marketplace, and consistent sustainability policies. Innovative companies like Ecovative and Meati, alongside the growing demand from consumers for sustainable materials, have bolstered market penetration. Government support for bio-based solutions and the advanced biotech ecosystem has been complementary to this growth.
U.S. Mycelium Market
The United States is at the forefront of commercializing mycelium, with robust demand shaping the direction of sustainable alternatives across food, packaging, and other biomaterials. Startups like Meati and Ecovative have become industry leaders with mycelium-based forms of meat, explore how to commercialize fungi for sustainable packaging and other innovative applications. Government grants and venture capital funding have bolstered investment into these companies as demand for sustainable products has exploded across consumers.
Canada Mycelium Market
Soaring sustainability initiatives combined with a strong plant-based food sector are propelling the development of Canada's mycelium industry. With companies such as Noblegen and MycoLogic leading the way in mycelium-based protein and biomaterials development, and clean-tech funding from the government, Canada is on the cutting edge of growth in this industry. Due to growing consumer demand for sustainable products, alongside an increasing base of agricultural research in Canada, the country is poised to become an important player in the global mycelium market.
What Makes Asia-Pacific Fast-Growing Region in Mycelium Market?
The Asia-Pacific region is emerging as the fastest-growing mycelium market driven by demand for sustainable protein and traditional mushroom products. China's industrial-scale fermentation capabilities put them ahead in the sector, but innovative startups are emerging across Singapore, Indian, and other Asia-Pacific markets who offer a range of alternatives, like mycelium meats and leather. Supportive government policies, affordable production, and increasing health awareness are leading to greater uptake across each market in the diverse, high-potential region.
Japan Mycelium Market
Japan's mycelium market is growing rapidly due to strong consumer demand for sustainable food and packaging solutions. Mycelium-based products, such as Kinoko (mushroom) meat products and health supplements, are facilitated by Japan's more developed fermentation technology, as well as with the Japanese outlook on developing functional foods. Government support for the circular economy (especially when there are collaborations between start-ups and traditional food producers) is advancing growth in this innovative sector.
China Mycelium Market
China's mycelium sector is booming due to government-sponsored bio-innovation initiatives which have aided in the tremendous demand for sustainable protein and biomaterials. Qingdao Future Group is one of China's leaders in producing mycelium-based meat alternatives and medicinal mushroom extracts, leveraging China's fermentation infrastructure. The health-conscious public fueled by recent outbreaks and growing environmental policies around the circular economy will make China a significant global player in mycelium production in the coming years.
How Does Europe Contribute to Mycelium Market?
Europe is a major driver of the mycelium market, with clear demand for sustainable food and biomaterials. Germany and the UK lead in alternative-protein innovation while France specializes in gourmet applications using mycelium. EU sustainability regulations and investing into the circular bioeconomy significantly speeding up the adoption of mycelium across the European continent.
Germany Mycelium Market
Germany's mycelium market is flourishing as a European leader due to heightened consumer interest and demand for eco-friendly products and modern biotechnology research. Companies like Mushlabs are innovating with mycelium proteins that were cultivated with fermentation like brewing beer, and sustainable packaging companies are emerging under the market's new regulation to reduce single-use plastics through strict EU policies.
France Mycelium Market
The mycelium marketplace in France is thriving, aided in part by government support for sustainable agri-tech and the growth of the plant-based food sector. Mycelium-based innovators like Les Nouveaux Affineurs are producing mycelium-based cheeses, and innovative research institutions are also developing products and applications for a range of biomaterials.
UK Mycelium Market
The UK mycelium market is developing rapidly due to a healthy alt-protein market, strong government support for sustainable innovation and the rise of successful British startups such as Quorn (which is now a global leader) and Better Nature which seeks to innovate in mycelium-based meats. Our universities are also doing very well with research into biomaterials.
Global Mycelium Market By Geography
- Largest
- Fastest
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Mycelium Market Dynamics
Mycelium Market Drivers
Rising Demand for Sustainable Packaging
- The increased focus on environmental sustainability is supporting the expansion of the eco-friendly packaging market. Mushroom packaging made from mycelium offers environmentally friendly packaging that is biodegradable and compostable, unlike conventional plastic packaging. It is likely to propel the growth of the mycelium market in the coming years because of its efficacy in protecting the products while being environmentally friendly.
Advancements in Biotechnology and Mycelium Cultivation
- Technological advancements in biotechnology and mycelium cultivation techniques are enhancing the production efficiency and quality of mycelium-based products. Research and development efforts are focused on optimizing growth conditions, improving yield, and developing new strains with enhanced properties. These advancements contribute to the cost-effectiveness and scalability of mycelium production, further driving the growth of the mycelium market.
Mycelium Market Restraints
High Production Costs
- Scaling mycelium production remains expensive due to the need for specialized equipment, sterile environments, and energy-intensive fermentation processes. These high costs hinder price competitiveness against conventional materials, limiting adoption, particularly in price-sensitive markets where affordability drives decisions. Without cost-reducing innovations, widespread mycelium-based material use will remain challenging despite its sustainability benefits.
Regulatory Hurdles
- Stringent food and safety regulations for novel mycelium-based products slow commercialization, requiring extensive testing and approvals. Varying global standards adds compliance complexities, forcing companies to navigate different legal frameworks. Startups face high costs and delays when expanding across borders, as each market demands separate certifications. These regulatory hurdles limit scalability, keeping mycelium products niche despite their sustainability advantages. Simplifying approvals and harmonizing standards could accelerate adoption.
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Mycelium Market Competitive Landscape
Major players in the mycelium market are focusing on expanding their product portfolios and geographical presence to cater to the growing demand for mycelium-based products. Leading mycelium market players are investing in research and development to improve the quality and efficiency of their products. They are also collaborating with other companies in the value chain to develop new applications for mycelium. The mycelium market development is being driven by the increasing consumer awareness about the health and environmental benefits of mycelium-based products. Companies are also focusing on developing innovative and sustainable production processes to reduce their environmental impact. The Competitive Landscape is expected to remain competitive in the coming years, with new entrants and established players vying for market share. Companies are expected to focus on product innovation, strategic partnerships, and geographical expansion to gain an edge in the market.
Meati Foods (2016): Meati Foods specializes in whole cut mycelium-based meat products, using proprietary fermentation technology to create beef and chicken alternatives with complete protein profiles. Their 2023 Mega Ranch facility scales to 40M lbs of production per year and has received over $150M in funding from investors like Chipotle.
Mycotech Lab (2015): Mycotech Lab a pioneer in mycelium biomaterials, Mycotech produces leather alternatives and biodegradable packaging. Mycotech's BioBo® bricks (mycelium binding ag waste) have won sustainability awards in 2023, while they are building their partnerships with different sectors in EU fashion and construction for their products.
Top Player’s Company Profile
- Rebelly
- Nature’s Fy
- Atlast Food Co
- All G Foods
- MycoWorks
- Deep Branch Technology
- Every Company
- MycoTechnology
- NOVAMED
- Meati Foods
- Mushlabs
- The Vegetarian Butchers
- Bolt Threads
- Mycore
- Bioreal
Recent Developments in Mycelium Market
- In May 2024, MycoTechnology made great progress with its AI-optimized fermentation platform, significantly speeding up mycelium growth cycles and cutting energy consumption by 40%. The company launched PureTaste Pro, a high-protein mycelium ingredient designed for better umami flavor in plant-based meats, which has already been adopted by 3 Fortune 500 food brands.
- In February 2024, NOVAMED has introduced the best-in-class precision-controlled bioreactor system that accelerates mycelium cultivation and is 30% more efficient than industry standards with pharmaceutical-grade purity for nutraceuticals. Furthermore, the company released a clinically tested mushroom mycelium extract called MycoVital that focuses on immune health and supports this product with Europe's landmark patent.
- In September 2024, Deep Branch Technology revolutionized mycelium-based protein with Proton™ 2.0, a carbon-negative fermentation platform that converts industrial CO₂ emissions into high-purity mycelium protein achieving 90% faster yields than conventional methods. Partnering with Tesco and Sainsbury’s, they launched the first commercial-scale mycelium animal feed, reducing reliance on soy.
Mycelium Key Market Trends
- Expansion in Alternative Protein Innovation: The mycelium sector is advancing quickly in the plant-based meat replacements sector largely due to the rise of veganism and new flexitarian diets. Cultivators are capitalizing on the "meat-like" texture and nutritional characteristics of mycelium to develop next-gen sustainable proteins, attracting major investment from food giants.
- Sustainable Packaging Solutions Gain Traction: Mushroom mycelium-based biodegradable packaging is becoming a valuable substitute for plastics, due to global bans of single-use plastics and corporate sustainability objectives. Companies like Dell and IKEA are moving to these eco-friendly materials, leading to an increased demand in the market.
Mycelium Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the mycelium market is experiencing rapid growth driven by rising demand for sustainable protein alternatives, biodegradable materials, and circular economy initiatives. Key factors propelling expansion include advancements in AI-optimized fermentation, reducing production costs by up to 40%, and breakthroughs in mycelium-based meat, leather, and packaging solutions. Major food and retail players are investing heavily in R&D, with partnerships accelerating commercialization such as mycelium-derived alt-proteins in fast-food chains. Government policies promoting bio-based materials and carbon-neutral production further fuel adoption. Companies are also integrating blockchain for supply chain transparency and IoT-enabled bioreactors to enhance yield consistency. This convergence of technology, sustainability, and regulatory support positions mycelium as a transformative force across food, agriculture, and materials sectors.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.22 Billion |
| Market size value in 2032 | USD 90.83 Billion |
| Growth Rate | 23.3% |
| Base year | 2024 |
| Forecast period | (2025–2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mycelium Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mycelium Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mycelium Market , our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mycelium Market .
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mycelium Market :
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mycelium Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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