Global Mycelium Market Size is valued at USD 3.5 Billion in 2024 and is predicted to reach USD 7.3 Billion by the year 2034 at a 7.8% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
Filamentous fungi generate microscopically interconnected tubular cells, eventually yielding a vast macroscopic network of biomass called mycelium. Mycelium offers several benefits to the whole ecosystem and plays an essential role in decomposition. Mycelium materials can be used to produce leather and for sustainable, eco-friendly packaging.
Multiple factors such as the surging demand for natural ingredients and flavours for food, increasing government investments for developing eco-friendly products, advancements in technologies are estimated to propel the growth of the mycelium market in the upcoming years.
The market is further driven by growing focus towards creating sustainable products and packaging solutions, and the rising consumer awareness regarding health and well-being. Industries like food & beverage, packaging, plastic and clothes have shown great interest in generating eco-friendly and sustainable products using mycelium. These efforts by industries are likely to surge the market opportunities over the forecast period. However, the lack of infrastructure facilities available for processing mycelium materials may hinder the market growth over the forecast years.
The mycelium market is categorized into application, nature, and form. As per the application, the market consists food and beverage industry, the packaging industry, the clothing and apparel industry, the agriculture & animal feed industry, biotech & specialty products, and others. Based on nature, the market is divided into raw, processed, organic, and conventional. Based on form, the market is divided into pre-formed products, powder, composite material, and granules/pellets.
Regionally, the market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America accounted for the highest share of the mycelium market in 2024, followed by Europe and the Asia Pacific, owing to the surging R&D investments to develop mycelium products and packaging solutions, health-conscious consumers, and the high demand for natural, eco-friendly products.
Recent Developments:
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 3.5 Billion |
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Revenue Forecast In 2034 |
USD 7.3 Billion |
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Growth Rate CAGR |
CAGR of 7.8 % from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Application, By Nature, By Form |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ; France; Italy; Spain; Japan; South Korea; South East Asia |
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Competitive Landscape |
Atlast, Chinova Bioworks, ENOUGH, Four Sigmatic, Forij.co., FreshCap Mushrooms LTD, Grown.bio, Mushlabs GmbH, Mycelia NV, Meati Inc., Monaghan Group, MycoTechnology, Inc., Mycotech Lab, MycoWorks, Ecovative LLC, eniferBio, Groundwork BioAg, MOGU, Mycorena, Norwegian Mycelium, Mycovation, Magical Mushroom Company, Mushroom Material, Nature's Fynd, PRIME ROOTS, Quorn, Biomyc, Mushroom Material, Bolt Threads, Paradise Packaging Co.Scelta Mushrooms, Changsha Botaniex Inc., Ecovative, KingHerbs Limited, Gurelan Cooperative, Innomy Labs, Life Cykel, Michroma, MUD/WTR, Mycovation among others. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Mycelium Market Snapshot
Chapter 4. Global Mycelium Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Application Estimates & Trend Analysis
5.1. By Application & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Application:
5.2.1. Food and Beverage Industry
5.2.2. Packaging Industry
5.2.3. Clothing and Apparel Industry
5.2.4. Agriculture & Animal Feed Industry
5.2.4. Biotech & Specialty products
5.2.5. Others
Chapter 6. Market Segmentation 2: By Natures Estimates & Trend Analysis
6.1. By Nature & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Nature:
6.2.1. Raw
6.2.2. Processed
6.2.3. Organic
6.2.4. Conventional
Chapter 7. Market Segmentation 3: By Form Estimates & Trend Analysis
7.1. By Form & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Form:
7.2.1. Pre-Formed Product
7.2.2. Powder
7.2.3. Composite material
7.2.4. Granules/Pellets
Chapter 8. Mycelium Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Mycelium Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
8.1.2. North America Mycelium Market revenue (US$ Million) estimates and forecasts By Nature, 2021-2034
8.1.3. North America Mycelium Market revenue (US$ Million) estimates and forecasts By Form, 2021-2034
8.1.4. North America Mycelium Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Mycelium Market revenue (US$ Million) By Application, 2021-2034
8.2.2. Europe Mycelium Market revenue (US$ Million) By Nature, 2021-2034
8.2.3. Europe Mycelium Market revenue (US$ Million) estimates and forecasts By Form, 2021-2034
8.2.4. Europe Mycelium Market revenue (US$ Million) by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Mycelium Market revenue (US$ Million) By Application, 2021-2034
8.3.2. Asia Pacific Mycelium Market revenue (US$ Million) By Nature, 2021-2034
8.3.3. Asia Pacific Mycelium Market revenue (US$ Million) estimates and forecasts By Form, 2021-2034
8.3.4. Asia Pacific Mycelium Market revenue (US$ Million) by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Mycelium Market revenue (US$ Million) By Application, (US$ Million) 2021-2034
8.4.2. Latin America Mycelium Market revenue (US$ Million) By Nature, (US$ Million) 2021-2034
8.4.3. Latin America Mycelium Market revenue (US$ Million) estimates and forecasts By Form, 2021-2034
8.4.4. Latin America Mycelium Market revenue (US$ Million) by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Mycelium Market revenue (US$ Million) By Application, (US$ Million) 2021-2034
8.5.2. Middle East & Africa Mycelium Market revenue (US$ Million) By Nature, (US$ Million) 2021-2034
8.5.3. Middle East & Africa Mycelium Market revenue (US$ Million) estimates and forecasts By Form, 2021-2034
8.5.4. Middle East & Africa Mycelium Market revenue (US$ Million) by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Food and Beverage Industry
9.2.1.1. Atlast
9.2.1.2. Chinova Bioworks
9.2.1.3. ENOUGH
9.2.1.4. Meati Inc.
9.2.1.5. Monaghan Group
9.2.1.6. MycoTechnology, Inc.
9.2.1.7. Nature's Fynd
9.2.1.8. PRIME ROOTS
9.2.1.9. Quorn
9.2.2. Packaging Industry
9.2.2.1. Biomyc
9.2.2.2. Magical Mushroom Company
9.2.2.3. Mushroom Material
9.2.3. Clothing and Apparel Industry
9.2.3.1. Bolt Threads
9.2.3.2. Mycotech Lab
9.2.3.3. MycoWorks
9.2.4. Miscellaneous
9.2.4.1. Ecovative LLC
9.2.4.2. eniferBio
9.2.4.3. Groundwork BioAg
9.2.4.4. MOGU
9.2.4.5. Mycorena
9.2.5. Other Companies
9.2.5.1. Four Sigmatic
9.2.5.2. Forij.co.
9.2.5.3. FreshCap Mushrooms LTD.
9.2.5.4. Grown.bio
9.2.5.5. GURELAN COOPERATIVE
9.2.5.6. Innomy Labs
9.2.5.7. Life Cykel
9.2.5.8. Michroma
9.2.5.9. Mushlabs GmbH
9.2.5.10. MUD/WTR
9.2.5.11. Mycelia NV
9.2.5.12. Mycovation
9.2.5.13. Norwegian Mycelium AS
9.2.5.14. Paradise Packaging Co.
9.2.5.15. Scelta Mushrooms
9.2.5.16. Innomy Labs
9.2.5.17. Life Cykel
9.2.5.18. Michroma
9.2.5.19. MUD/WTR
9.2.5.20. Mycovation
9.2.6. Other Prominent Players
Global Mycelium Market, by Application,
Global Mycelium Market, by Nature,
Global Mycelium Market, by Form,
Granules/Pellets
Global Mycelium Market, by Region,
North America Mycelium Market, by Country,
Europe Mycelium Market, by Country,
Asia Pacific Mycelium Market, by Country,
Latin America Mycelium Market, by Country,
Middle East & Africa Mycelium Market, by Country,
Competitive Landscape
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
