Press release
Mycelium Market Top Players - Atlast, Chinova Bioworks, ENOUGH, Four Sigmatic, Forij.co., FreshCap Mushrooms LTD.
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 network of fungi such as mushrooms and yeast, consists of branching hyphae and is present in both unicellular and multicellular organisms. Materials derived entirely from mycelium are fully biodegradable, suitable for home composting, and free from plastic or fiber-based additives, positioning them as a sustainable alternative to conventional materials, including plastics and leather.
The global mycelium market is projected to experience strong growth, driven by increasing consumer demand for natural ingredients and flavors in food products, as well as growing governmental support for eco-friendly and sustainable innovations, particularly in packaging solutions. Market expansion is further supported by the broader shift toward reducing reliance on non-biodegradable materials and the rapid adoption of environmentally conscious technologies.
Moreover, the efficient production of flavored mycelium compared to traditional, time-intensive methods, coupled with a rising consumer preference for organic and plant-based food ingredients, is expected to create significant growth opportunities over the forecast period.
North America is anticipated to lead the global mycelium market, supported by robust demand for mycelium-based food products and ongoing initiatives by key market players to develop innovative applications of mycelium materials. Europe is expected to follow closely, driven by similar market dynamics. The Asia-Pacific region is projected to register substantial growth, fueled by increasing innovation in mycelium-derived products and rising demand for natural and sustainable packaging solutions across various 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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