The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing demand from end users such as the food sector is likely to promote innovation in mycelium manufacturing, propelling the market during the forecast period.

The global mycelium market is expected to grow from $2.61 billion in 2022 to $2.86 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The global mycelium market size is expected to reach $3.95 billion in 2027 at a CAGR of 8.4%.

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Global Mycelium Market Segments Include:

• By Product Type: Pre-Formed Product, Powder, Capsules, Tablets, Other Product Types
• By Nature: Raw, Processed
• By Application: Food And Beverage, Packaging, Clothing And Apparel, Animal Feed, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global mycelium market in 2021.

Major Market Players in the mycelium market include Four Sigmatic, FreshCap Mushrooms, Ecovative LLC, Mushlabs GmbH, Mycelia NV, MycoWorks, MycoTechnology Inc., Mycotech Lab, Groundwork BioAg Ltd., Magical Mushroom Company.

In the mycelium market, the use of technological solutions is a prominent trend. To strengthen their market position, major mycelium companies concentrate on technology solutions. For example, Ecovative LLP, a mycelium technology business based in the United States, released Forager in January 2022 to manufacture fungi-based foams and covers for the fashion and vehicle markets. Forager features unique AirMyceliumTM technology for commercially producing sheets of pure mycelium material with the ability to fine-tune density, shape, tensile strength, texture, and other qualities. ForagerTM foams and Hides come in a variety of thicknesses, textures, and finishes. Each component is tailored to its intended use, mass-produced, and biodegradable after use, meeting the highest standards of the fashion and garment industries. The in-hand sensation is an excellent substitute for animal or plastic-based materials while minimising environmental impact.

The Mycelium Global Market Report 2023  provides a mycelium market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mycelium market forecast analyzes mycelium market size, mycelium market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Mycelium is a species of fungus that creates a network of thread-like structures known as hyphae. It is essential for organic matter decomposition and ecological nutrient cycle.

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