2025 Mycelium Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Mycelium Market Size By 2025?
The size of the mycelium market has witnessed robust growth recently. Its increase from $3.13 billion in 2024 to $3.41 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%, is expected. Factors contributing to this growth throughout the historical period include increased market acceptance and awareness, the regulatory landscape, advancements in research and development (R&D), collaborations and partnerships, and competitive environment.

How Big Is the Mycelium Market Size Expected to Grow by 2029?
The mycelium market is predicted to experience significant expansion in the coming years, with its value projected to reach $4.67 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.1%. Factors contributing to this growth during the forecast period include expanding the market and global reach, regulation evolution, innovative product applications, the scaling of production capabilities, and increased consumer education and awareness. Key trends expected during the forecast period encompass the use of biodegradable packaging, the construction material sector, disruption in the textile industry, alternative protein sources, and medicinal uses.

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Which Key Market Drivers Powering Mycelium Market Expansion and Growth?
The mycelium market is anticipated to expand due to heightened demand from end-user sectors like the food industry. All businesses dealing with processing, packaging, and distribution of raw food items are referred to as the food industry. Natural flavors can be produced by mycelium, which is utilized in numerous food items, appealing to consumers who prefer natural and sustainable options over synthetic ones. The U.S. Department of Agriculture's Economic Research Service, a government agency based in the USA, reported in April 2024 that US households increased their food spending to 12.8% in 2022, showing a moderate increase from the 12.4% seen in 2021. Hence, the escalated demand from end-user sectors such as food and beverages is fueling the mycelium market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Mycelium Market?
Technological solutions are gaining momentum in the mycelium market. In January 2022, US-based Ecovative LLP launched Forager, a platform using AirMycelium tech to produce fungi-based foams and materials. These biodegradable products, made in various textures and strengths, are suitable alternatives for leather and plastic in fashion and automotive industries.

What Are the Emerging Segments in the Mycelium Market?
The mycelium market covered in this report is segmented -

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

Subsegments:
1) By Pre-Formed Product: Mycelium Blocks, Mycelium-Based Packaging, Mycelium Composites
2) By Powder: Finely Ground Mycelium Powder, Coarse Mycelium Powder
3) By Capsules: Vegetarian Capsules, Gelatin Capsules
4) By Tablets: Compressed Tablets, Chewable Tablets
5) By Other Product Types: Tinctures, Extracts, Functional Foods

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Who Are the Global Leaders in the Mycelium Market?
Major companies operating in the mycelium market include 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, NEFFA BV, Fungi Perfecti LLC, Ecovative LLC, Mycotech Lab, BioMason, BioZatec GmbH, Ecovative Design Holdings Inc., Mycelium Leather GmbH, Dellaterra LLC, KAIROS Biotech, Ecovative Design Corporation, Mycelia NV, Re-Mycelium, MycoFutures LLC, MushLabs

Which are the Top Profitable Regional Markets for the Mycelium Industry?
North America was the largest region in the mycelium market in 2024. The regions covered in the mycelium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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