Press release
Mycelium Market Key Players Analysis - Atlast, Chinova Bioworks, ENOUGH, Four Sigmatic, Forij.co., FreshCap Mushrooms LTD.
Global Mycelium Market
According to the latest research by InsightAce Analytic, The Mycelium Market Size is valued USD 3.5 Billion in 2024 and is predicted to USD 7.3 Billion by the year 2034 at a 7.8 % CAGR during the forecast period for 2025-2034.
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Mycelium, the root-like structure of fungi such as mushrooms and yeast, is composed of a network of branching hyphae and exists in both unicellular and multicellular organisms. Pure mycelium-based materials are fully biodegradable and suitable for home composting, free from plastic or fiber-based additives. These properties make mycelium an increasingly viable and sustainable alternative to conventional materials, including plastics and leather.
The global mycelium market is expected to witness robust growth, driven by rising consumer demand for natural ingredients and flavors in food products, as well as growing governmental support for the development of eco-friendly and sustainable innovations, particularly in packaging. The shift toward minimizing the use of non-biodegradable materials, along with the rapid adoption of environmentally friendly technologies, further supports market expansion.
Additionally, the efficient production of flavored mycelium-compared to traditional time-intensive methods-and the increasing consumer preference for organic, plant-based ingredients in food are projected to create significant growth opportunities during the forecast period.
North America is expected to lead the global mycelium market due to strong demand for mycelium-based food products and active efforts by key market players to develop innovative applications of mycelium materials. Europe is projected to follow closely, supported by similar market dynamics. Meanwhile, the Asia-Pacific region is anticipated to register substantial growth, driven by rising innovation in mycelium-derived products and increasing demand for natural, sustainable packaging solutions across diverse industries.
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Major market players operating in the mycelium market include 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, Mushroom Material, Bolt Threads, Paradise Packaging Co.Scelta Mushrooms, Changsha Botaniex Inc., Ecovative, KingHerbs Limited, Gurelan Cooperative, Innomy Labs, Life Cykel, Michroma, MUD/WTR, Mycovation among others.
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.
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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
Read Overview Report- https://www.insightaceanalytic.com/report/global-mycelium-market-/1219
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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