Press release
Mycelium Global Market Burgeons to $4.67 Billion by 2029: Food Industry and Technical Innovations Drive its CAGR at 8.1%
Mycelium Market Size
What Is The Projected Market Size Of The Mycelium Global Market And Its Growth Rate?
• The mycelium market is anticipated to grow from $3.13 billion in 2024 to $3.41 billion in 2025, showing a compound annual growth rate (CAGR) of 9.1%.
• Owing to market expansion and a widened global reach, the market size, in the next few years, is projected to swell to $4.67 billion by 2029 with a CAGR of 8.1%.
• The growth trends include biodegradable packaging, the disruption of the textile industry, and medicinal applications.
What Is Driving The Growth In The Mycelium Global Market?
The progressive surge in the demand from end users, predominantly the food industry, propels the growth of the mycelium market. Mycelium finds widespread applications in various food products due to its ability to generate natural flavors, acting as a natural and sustainable alternative to artificial ones. For example, a modest rise from a 12.4 percent spending on food in households in 2021 to a 12.8 percent in 2022, as reported by the U.S. Department of Agriculture, reflects the increasing demand from the food and beverage industry, thus boosting the growth of the mycelium market.
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Who Are the Key Players Driving Mycelium Global Market Growth?
• Ecovative Design LLC
• MycoWorks Inc.
• Bolt Threads Inc.
• MycoTechnology Inc.
• Grown Bio BV
• Mogu S.r.l.
• Mushroom Material LLC
• Mycelia BVBA
• Atlast Food Co.
• Biohm
• Reishiworks LLC
• Mycelium Materials Europe
• Circular Systems S.P.C.
• BioFab LLC
• Krown Design
What Are The Key Trends In The Mycelium Global Market?
• Biodegradable packaging
• Use of mycelium in construction materials
• Disruption of the textile industry
• Alternative protein sources
• Medicinal applications of mycelium
What Are The Segments Of The Global Mycelium Global Market?
1. By Product Type: Pre-Formed Product, Powder, Capsules, Tablets, Other Product Types
2. By Nature: Raw, Processed
3. By Application: Food And Beverage, Packaging, Clothing And Apparel, Animal Feed, Other Applications
Which Region Leads The Mycelium Global Market?
North America emerged as the largest region in the mycelium market in 2024. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Mycelium Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Mycelium Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mycelium Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mycelium Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mycelium Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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