Mycelium Market is Expected to Reach USD 7,670 Million by 2035 as Sustainability and Bio Economy Demand Accelerates

The global mycelium market is poised for impressive growth, projected to nearly double from an estimated USD 3.52 billion in 2025 to USD 7.67 billion by 2035, representing a robust compound annual growth rate (CAGR) of 8.1% over the next decade.

Notable government support, biotech innovations, and its economic and environmental appeal, being further enhanced by its scalable, low-input cultivation using agro-waste, make it an easier choice for funding.

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Key Takeaways from Market Study:

The global mycelium market is projected to reach US$ 3.52 billion in 2025.
The market is expected to attain a value of US$ 7.67 billion by 2035.
The market will expand at a CAGR of 8.1% from 2025 to 2035.
The mycelium capsule segment is anticipated to grow at a CAGR of 8.6% through 2035.
The mycelium powder segment is expected to register a CAGR of 6.9% during the forecast period.
The India market is forecasted to grow at a CAGR of 10.9% from 2025 to 2035.
The China market is likely to witness a CAGR of 9.9% over the same period.

Leading Players Driving Innovation in the Mycelium Market:

Prominent players in the market Ecovative, Gurelan Cooperative, Mycelia BVBA, KingHerbs Limited, Changsha Botaniex Inc., Mogu S.r.l., MycoWorks, Nature's Fynd, and MyForest Foods.

Key Trends Fueling Market Expansion:

Sustainability & Biodegradable Solutions: Mycelium is rapidly gaining recognition as a viable replacement for petroleum-derived foams, plastics, and animal leathers, aligning with global circular economy and zero‐waste strategies.

Plant-based & Alt‐Protein Momentum: With rising consumer demand for clean-label, high-protein foods, mycelium's nutritional profile positions it as a leading candidate in the alternative protein market.

Policy & Government Backing: National support-especially in North America and Europe-through green initiatives and bioeconomy programs is boosting funding and regulatory alignment for mycelium applications

Agricultural Waste Utilization: Low-input, scalable cultivation leveraging agro-waste as substrate reduces production costs and environmental impact.

Form & Product Insights:

Powder vs Capsules: Powdered mycelium is expected to expand at a moderate CAGR of 6.9%, while the trend toward convenient dosage forms positions capsules as the fastest-growing format at 8.6% CAGR.

Regional Dynamics:

North America remains the dominant market, powered by a well-established biotechnology ecosystem, consumer demand for sustainable alternatives, and strong investment pipelines.

Europe is gaining ground, with environmental policies fueling adoption in textiles, packaging, and construction.

Asia-Pacific, particularly China and India, shows the most rapid regional growth, with projected CAGRs of 9.9% and 10.9%, respectively, driven by cultural affinity for fungal products and sustainability priorities.

Mycelium Market News:

MyForest Foods, a spinoff of Ecovative, in March 2025 doubled the size of its manufacturing plant in Green Island, New York, to 180,000 square feet. Backed by a US$681,000 grant and a USD 1 million low-interest loan, the firm now has the capability to manufacture around 20,000 pounds of oyster mushroom mycelium per week for use in its MyBacon product. The firm will soon launch a mushroom-based pulled pork substitute, using mycelium waste for utmost efficiency.

In September 2024, Beyond Meat released a mycelium-based whole-muscle steak filet. The new product is intended to mimic the taste and texture of beefsteak, offering a clean protein source low in saturated fat. The new product should be compliant with health guidelines while appealing to consumers who want healthy plant-based alternatives.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global Mycelium Market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.

The mycelium market is segmented based on nature, form, application, and region. By nature, the market is categorized into organic and conventional variants, with organic mycelium gaining traction due to rising consumer preference for natural and clean-label products. In terms of form, the market is divided into powder, pre-formed, and capsules, with powder holding the largest share while capsules are expected to witness the fastest growth owing to convenience and dosage accuracy.

Based on application, the market finds its use primarily in the animal feed industry and the food and beverage industry, along with other niche sectors exploring sustainable materials. Regionally, the market spans North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa, with North America leading in market share and Asia Pacific emerging as the fastest-growing region.

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This release was published on openPR.