Mycelium Market: A Sustainable Solution Poised for Growth (Highlights sustainability and market potential)

Mycelium Market worth $ 5.99 Billion by 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Mycelium Market- by Application (Food and Beverage Industry, Packaging Industry, Clothing and Apparel Industry, Animal Feed Industry, and Others By Application), Nature (Raw and Processed), Form (Pre-Formed Product, Powder, and Tablet And Capsule), Industry Trends, Competitive Landscape, Revenue and Forecast To 2031."

Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/1219

According to the latest research by InsightAce Analytic, The Mycelium Market Size is valued at 3.14 Billion in 2022 and is predicted to reach 5.99 Billion by the year 2031 at a 7.5 % CAGR during the forecast period for 2023-2031.

Yeast and mushrooms are two examples of single- and multi-celled organisms with mycelium. Mycelium, which consists of branch mass and hyphae, is the root structure of mushrooms. Without the addition of plastic or fibre, pure mycelium products are entirely biodegradable and suitable for household composting. These mycelium-based fabrics provide environmentally friendly substitutes for leather and plastics alike. The mycelium sector is expected to rise due to factors like the growing demand for natural flavours and ingredients in food goods and increased government initiatives to develop innovative mycelium-based green and eco-friendly products and packaging solutions.

Furthermore, throughout the projected period, there should be lucrative market growth opportunities due to growing efforts to minimize the use of non-biodegradable materials, the quick adoption of eco-friendly technologies, the fast production of flavour-infused mycelium in comparison to traditional, labour-intensive methods, and the public's strong preference for natural, organic, plant-based ingredients in food products. Due to the growing consumer demand for environmentally friendly and sustainable goods and packaging, industries are searching for new ways to produce recycled and biodegradable materials to survive in the cutthroat commercial world.

Consequently, the market for mycelium will grow due to the increased need for mycelium. With the strong demand for food products based on mycelium and the increasing efforts of companies to develop mycelium materials, North America is expected to lead the mycelium market in the forecast years, followed by Europe. The Asia Pacific region is also anticipated to witness significant growth over the forecast period , driven by the increasing demand for natural products and eco-friendly packaging options, as well as the growing initiatives for mycelium-based product innovation.

Major Market Players in the Mycelium Market:

Atlast
Chinova Bioworks
ENOUGH
Four Sigmatic
Forij.co.
FreshCap Mushrooms LTD
MycoTechnology, Inc.
Mycotech Lab
MycoWorks
Ecovative LLC
eniferBio
Groundwork BioAg
MOGU
Mycorena
Norwegian Mycelium
Mycovation
Grown.bio
Mushlabs GmbH
Mycelia NV
Meati Inc.
Monaghan Group
Magical Mushroom Company
Mushroom Material
Nature's Fynd
PRIME ROOTS
Quorn
Biomyc
Bolt Threads
Paradise Packaging Co.
Scelta Mushrooms
Changsha Botaniex Inc.
KingHerbs Limited
Gurelan Cooperative
Innomy Labs
Life Cykel
Michroma
MUD/WTR
And other prominent players

Recent collaborations and agreements in the market:

• In January 2022, Ecovative, a mycelium materials company, launched Forager, a division focused on designing, marketing, and manufacturing vegan, plastic-free leather-like materials and fungi-based foams for the fashion and automotive industries.

• In March 2021, MycoWorks partnered with luxury brand Hermes to make a version of the Victoria bag. It will be the first product with the use of a mycelium-based leather called Sylvania.

• In November 2020, Bolt Threads partnered with Adidas, Kering, Lululemon and Stella McCartney to launch Mylo material products in 2021.

Curious About Details @ https://www.insightaceanalytic.com/report/global-mycelium-market-/1219

Market Segments
Global Mycelium Market, by Application, 2023-2031 (Value US$ Mn)

• Food and Beverage Industry
• Packaging Industry
• Clothing and Apparel Industry
• Animal Feed Industry
• Others

Global Mycelium Market, by Nature, 2023-2031 (Value US$ Mn)

• Raw
• Processed

Global Mycelium Market, by Form, 2023-2031 (Value US$ Mn)

• Pre-Formed Product
• Powder
• Tablet and Capsule

Global Mycelium Market, by Region, 2023-2031 (Value US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Mycelium Market, by Country, 2023-2031 (Value US$ Mn)

• U.S.
• Canada

Europe Mycelium Market, by Country, 2023-2031 (Value US$ Mn)

• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Mycelium Market, by Country, 2023-2031 (Value US$ Mn)

• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Mycelium Market, by Country, 2023-2031 (Value US$ Mn)

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Mycelium Market, by Country, 2023-2031 (Value US$ Mn)

• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should get this report:

 To get a detailed analysis of the prospects for the global mycelium market
 To get a market overview and future trends of the mycelium industry
 To analyze the mycelium market drivers and challenges
 To get information on the mycelium market value (US$ Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the mycelium market industry

For More Information @ https://www.insightaceanalytic.com/report/global-mycelium-market-/1219

Other Related Reports Published by InsightAce Analytic:

Global Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market

Global Biodegradable Plastics Market

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