Mycelium Leather market was valued at US$ 8 million in 2022 and is anticipated to reach US$ 106.5 million by 2029, witnessing a CAGR of 45.3% - Valuates Reports

Mycelium Leather market was valued at US$ 8 million in 2022 and is anticipated to reach US$ 106.5 million by 2029, witnessing a CAGR of 45.3% during the forecast period 2023-2029.

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Mycelium leather is a mushroom-based imitation leather. It is highly similar to the animal leather which makes it a potential substitute. In order to create mycelium leather, mycelium cells are placed on a dish in a lab, and with enough cellulose-rich nutrients, the mycelium grows fibres called hyphae. The by-products are then shaped into thin panels. After that, sawdust is then mixed with nutrients and mixed with mushroom spores in "bag logs" which are simply individual bags. These bags are left in an incubation room for the span of a month. After this period of time, the mycelium is harvested, treated and coloured to appear as animal leather.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of mycelium leather include Bolt Threads, MycoWorks, Ecovative, ISA Industrial, Mycotech Lab, etc. The top three players hold a share over 94%. Europe is the largest market, has a share about 51%, followed by North America and Asia-Pacific, with share 37% and 9%, separately. In terms of product type, Dyed Mycelium Leather is the largest segment, occupied for a share of 54%, and in terms of application, Bags has a share about 39 percent.

This report aims to provide a comprehensive presentation of the global market for Mycelium Leather, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Mycelium Leather.
The Mycelium Leather market size, estimations, and forecasts are provided in terms of sales volume (K Sqf) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Mycelium Leather market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Mycelium Leather manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application and by regions.

Segment by Type
Dyed Mycelium Leather
Unstained Mycelium Leather

Segment by Application
Footwear
Bags
Clothing
Others

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