Mycelium-Based Meat Alternatives Market 2025 | Growth Drivers & Global Investment Opportunities

Market Size and Growth

Global Mycelium-Based Meat Alternatives Market reached US$ 971.25 million in 2024 and is expected to reach US$ 2,592.78 million by 2032, growing with a CAGR of 13.20% during the forecast period 2025-2032.

Mycelium-Based Meat Alternatives Market report, published by DataM Intelligence has released its latest in-depth analysis on the global Mycelium-Based Meat Alternatives Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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Mycelium-Based Meat Alternatives are sustainable protein products made from the root-like structure of fungi, known as mycelium. Rich in protein, fiber, and essential nutrients, mycelium can be cultivated quickly and with low environmental impact, making it a promising alternative to traditional animal meat. With its natural texture and versatility, it is used to create plant-based meat products that closely mimic the taste and mouthfeel of meat, catering to the growing demand for healthy and eco-friendly protein sources.

Key Players:

-> Meati, Inc., Prime Roots, Inc., Nature's Fynd, Inc., MyForest Foods Co., Adamo Foods Ltd., ENOUGH Foods Inc., Mycorena AB, The Better Meat Co., Inc., Bosque Foods, Inc., and Quorn Foods Ltd.

Key Development:

United States: Recent Industry Developments
✅ In July 2025, Beyond Meat debuted its Beyond Steak Filet, a mycelium-based whole-cut steak that 'bleeds' and delivers a tender, juicy bite. It's now featured at New York City's Ladybird and all BOA Steakhouse locations.

✅ In July 2025, Prime Roots launched upgraded mycelium-based deli meats (including smoked turkey, ham, salami, bacon, and more) that outperformed conventional meats in blind taste tests, are free of nitrates and cholesterol, and are now available across 30+ U.S. states.

✅ In March 2025, MyForest Foods (an Ecovative spinoff) secured $1.68 million in grants and loans-and an earlier $681,000 grant-to expand its production facility from 35,000 to 180,000 sq ft, boosting mycelium-based "MyBacon" output (~20,000 lbs/week), and planning a mushroom-pulled-pork product while creating ~160 new jobs.

Japan: Recent Industry Developments
✅ On August 18, 2025, Yukiguni Maitake introduced its new "Mushroom Meat" series (including Mushroom Meat, Mushroom Meat with Sauces, and rice seasoning) using maitake fibers for meat-like texture; products sold out within a week and are now available again nationwide.

✅ In late July 2025, the National Institute of Health Sciences-led working group identified possible risks related to cultivated food and began organizing them into safety checkpoints as part of interim guideline development, with formal guidelines still forthcoming.

✅ In June 2025, Japan's Ministry of Agriculture, Forestry, and Fisheries (MAFF) introduced new subsidies to support companies importing or producing alternative proteins, including mycoprotein, aligning with the country's Food Tech Roadmap to reduce meat reliance.

✅ In April 2025 (Expo 2025 Osaka), Japan's Cultivated Meat Future Creation Consortium unveiled a real prototype of 3D-printed cultivated beef and a conceptual "Home Meat Maker" at the expo, aiming for commercialization of cultured meat by 2031.

Growth Forecast Projected:

The Global Mycelium-Based Meat Alternatives Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Mycelium-Based Meat Alternatives Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Product Type: Burger Patties, Nuggets, Sausages, Fillets, Ground Meat, Others

By Source: Fungi, Mushrooms, Others

By Category: Frozen, Fresh, Ready-to-eat

By Application: Meat Substitutes, Food Additives, Pharmaceuticals, Biomaterials, Others

Regional Analysis for Mycelium-Based Meat Alternatives Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Mycelium-Based Meat Alternatives producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Mycelium-Based Meat Alternatives revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Mycelium-Based Meat Alternatives Market?

A: In 2024, the Mycelium-Based Meat Alternatives Market was valued at US$ 971.25 million, reflecting its strong industry presence.

Q2: How large is the Mycelium-Based Meat Alternatives Market expected to be by 2032?

A: By 2032, industry forecasts suggest the Mycelium-Based Meat Alternatives Market will grow to around US$ 2,592.78 million, demonstrating significant expansion.

Q3: What is the growth rate of the Mycelium-Based Meat Alternatives Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 13.20% during the forecast period from 2025 to 2032.

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