Global Mycelium Market Overview
Power Cutter Market Size Was Valued at USD 3.10 Billion in 2023, and is Projected to Reach USD 6.07 Billion by 2032, Growing at a CAGR of 7.75% From 2024-2032.
Mycelium is a fungal root-like structure composed of a mass of branching, thread-like hyphae. Mycelium-based fungal colonies can be found in and on soil as well as a variety of other substrates. When two suitable monokaryotic mycelia merge to form a dikaryotic mycelium, that mycelium can develop fruiting bodies such as mushrooms. A mycelium might be minute, forming an invisible colony, or it can spread to cover thousands of acres, as in Armillaria. A mycelium could be a minute, forming a colony that's too tiny to see, or could grow to span thousands of acres as in Armillaria. There are quite 14,000 species of mycelia and mushrooms in the world, with more that have nevertheless been discovered by scientists. Mycelium can be found in both single-celled and multicellular organisms such as yeast and mushrooms. This mycelium is critical to the breakdown process. Mycelium is a source of food for many herbivorous mammals, accounting for a considerable portion of their diet.
Mycelium and its byproducts are used to make leather, which is then utilized to make a variety of items. The growing need for natural ingredients and flavors in the food industry is expected to drive up demand for mycelium, boosting the entire market. Huge investments are being made in appealing technology solutions for the rapid production of flavored mycelium, rather than fermentation using traditional, time-consuming, and labor-intensive processes.
Market Dynamics And Factors For Mycelium Market
Drivers:
The Rise in Demand for Natural Ingredients and Flavors Within the Food Industry
Mycelium is the vegetative part of the fungus, which grows outward in search of water and nutrients. Mush foods are investing mycelium to develop property animal-free macromolecule as associate degree ingredient for food and potable industry. Mush food ingredients are facilitating producers to improve the style, texture, and biological process values in plant-based mostly or hybrid products. The incorporation of additional flavors to reinforce the taste property of the food enhances the marketplace for plant structure globally. The increasing emphasis placed on distinct flavor in processed foods and beverages is the most important factor driving the global mycelium market. Thus, an increase in the use of natural ingredients and flavors in food industries supports the growing mycelium market in the forecast period.
Restraints:
Low Capability of Resistance to Water
The low capability of resistance to water can be considered as one of the essential factors hampering the mycelium market in the analysis period. Mycelium-based objects are that their water resistance decreases over time and thus they become vulnerable to mold and humidity. The materials can be easily infected during the production process which can make things complicated. Thus, constraining the growth of the mycelium market during the projected timeframe.
Opportunities:
Increasing Investments In R&D of Mycelium
The mycelium market is expected to witness healthy growth in the coming years, owing to the government of many countries being an investment in the production of sorts of mycelium that are safe for human consumption. It can even be exported to different countries to come up with the revenue. Most key players invest the funding into R&D of mycelium, for instance, Mycoworks, Norwegian. Raised analysis and development activities are afoot to develop a mycelium-based product, Thus, the future holds a lucrative opportunity for the mycelium market.
Segmentations Analysis of Mycelium Market
By Application, the packaging industry segment is forecasted to dominate the mycelium market in the upcoming future. Mycelium is lightweight, easy to mold, and easy to produce, all of which are desirable characteristics for packaging materials. These properties also enable mycelium to be cost-competitive with polystyrene foam, which has long been a low-cost and dependable material used in all aspects of high-throughput materials delivery. Mycelium is a new sustainable packaging material that has the potential to replace less environmentally friendly alternatives such as plastic and polystyrene. It is a completely organic, farm-grown material derived from mushroom roots. The roots grow around a mold to form a custom structure that transports products safely and securely. As it degrades, mycelium has no negative impact on the environment.
By Nature, the processed mycelium segment is expected to have the highest share of the mycelium market in the projected timeframe. Processed Mycelium has a wide range of applications such as, it can be used in the industry to mimic the look, texture, and utility of leather. In some cases, it is used as a bonding agent for building materials. Processed mycelium is used as a useful food, industrial health product, and flavoring agent. Mycelium structure creates normal and custom-molded packaging that's 100% biodegradable, thereby reducing reliance on plastic and polystyrene. Thus, the processed mycelium segment is expected to grow significantly during the forecast period due to the aforementioned factors.
By Form, the powder segment is anticipated to lead the mycelium market in the forecasted timeframe. Fermented Mycelium Powder is a medicine that is used for the treatment of Tumors, Insomnia, Hepatitis, Cardiovascular diseases, Hypertension, Hyperglycemia, Diabetes, Inflammation, and other conditions.
Regional Analysis of Mycelium Market
The North American region is anticipated to have the highest share of the mycelium market in the forecast due to the high demand for mycelium-based food products and therefore the increasing efforts of firms for developing mycelium materials. In addition, the region is emerged with the most important share within the mycelium market with Europe and the Asia-Pacific in shut competition. Besides, upbeat cognizant purchasers in addition cause a developing interest for mycelium universally. North America Market is giving sharp thought to the right names and their advantages, this method facilitates the grouping of traditionally created food flavors like mycelium.
Europe has generated the second-highest revenue in the mycelium market, which is attributed to the R&D advancements and supporting government laws in the Europe region. For instance, for the first time, mushroom pioneer Bosque Foods has revealed its whole-cut, mycelium-based meat alternatives to European investors. The biotech startup, based in New York and Germany, hosted an exclusive tasting at Berlin's ProVeg Incubator to showcase prototypes of its alt-pork and alt-chicken products. Thus, the aforementioned factors are expected to drive regional market growth in upcoming years.
The Asia Pacific regional market is anticipated to register important growth throughout the calculable amount owing to the increasing initiatives for innovating mycelium-based products and therefore the rising demand for natural products and eco-friendly packaging solutions. thus, strengthening the development of the mycelium market during the forecast period.
South America's mycelium market is projected to be slow-growing during the forecast period as compared to North America, Europe, and the Asia Pacific. In South American countries Brazil and Argentina habitual the largest markets for mycelium. Rising awareness among shoppers concerning the meditative and cookery price of mycelium is anticipated to expand mycelium cultivation within these countries. the provision of agricultural waste in these countries is expected to achieve the interest of growers to modify mushroom cultivation since agriculture waste acts as a substrate for mycelium production. Moneymaking opportunities i.e. ahead for Brazil since it's the most important producer of sugarcane at a world level, generating a major quantity of agriculture waste.
COVID-19 Impact Analysis on Mycelium Market
The growth of the worldwide mycelium market has been adversely stricken by the COVID-19 outbreak. Lockdowns across the world have a light-emitting diode to travel restrictions, that have seriously affected the marketing structure of the contemporary plant structure industry. Moreover, producing plants have stopped production, attributable to low market demand. This has contributed to tremendous loss for homeowners of mycelium farms. In addition, it's expected to own an enormous result on farmers and therefore the economy, which is essentially obsessed with the agricultural sector. throughout COVID-19, owing to bound circumstances considering safety and precaution measures, laborers had to travel back to their homes going all the work on the farm. There was a loss of labor on farms thanks to the migration of laborers. Presently, the sole marketing accessible for the offer of mushrooms is an online channel. Coronavirus is probably going to continue its impact on the food trade and plant structure market. for many food firms, meeting short-run demands isn't a significant challenge, however, industry consultants and analysts have expressed a scarcity of understanding regarding the scope and scale of the result of the virus, which has additionally compacted the mycelium market globally.
Top Players Covered In Mycelium Market
- Biomyc Ltd (UK)
- Chinova Bioworks Inc (Canada)
- Ecovative LLC (USA)
- Groundwork BioAg (USA)
- Grown bio (USA)
- LifeCykel (Australia)
- Magical Mushroom Company (UK)
- Meati Inc. (USA)
- Monaghan Group (Ireland)
- Mushlabs (Israel)
- Mushroom Material (Netherlands)
- Mycelia NV (Netherlands)
- Mycotech Lab (Indonesia)
- MycoTechnology (USA)
- MycoWorks (USA)
- Norwegian Mycelium AS (Norway)
- Scelta Mushroom (Netherlands), and Other Major Players
Key Industry Developments In The Mycelium Market
-
In October 2023, MycoTechnology introduced Fermentation as a Service (FaaS) to address industry fermentation facility shortages, offering companies the ability to scale up and enhance product quality and cost management.
In December 2022, MycoWorks partnered with Ligne Roset to integrate Reishi, their Fine Mycelium material, into luxury furniture, expanding its use beyond fashion into home decor. Ligne Roset became the first furniture company to feature Reishi in its designs.
|
Global Mycelium Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 3.10 Bn. |
|
Forecast Period 2024-32 CAGR: |
7.75% |
Market Size in 2032: |
USD 6.07 Bn. |
|
Segments Covered: |
By Application |
|
|
|
By Nature |
|
||
|
By Form |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Application
3.2 By Application
3.3 By Nature
3.4 By Form
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Mycelium Market by Application
5.1 Mycelium Market Overview Snapshot and Growth Engine
5.2 Mycelium Market Overview
5.3 Packaging Industry
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Packaging Industry: Grographic Segmentation
5.4 Food & Beverage Industry
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Food & Beverage Industry: Grographic Segmentation
5.5 Animal feed industry
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Animal feed industry: Grographic Segmentation
5.6 Building Materials
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Building Materials: Grographic Segmentation
Chapter 6: Mycelium Market by Application
6.1 Mycelium Market Overview Snapshot and Growth Engine
6.2 Mycelium Market Overview
6.3 Oncology
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Oncology: Grographic Segmentation
6.4 Cardiovascular Diseases
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Cardiovascular Diseases: Grographic Segmentation
6.5 Urology
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Urology: Grographic Segmentation
6.6 Other
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Other : Grographic Segmentation
Chapter 7: Mycelium Market by Nature
7.1 Mycelium Market Overview Snapshot and Growth Engine
7.2 Mycelium Market Overview
7.3 Raw
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Raw: Grographic Segmentation
7.4 Processed
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Processed: Grographic Segmentation
Chapter 8: Mycelium Market by Form
8.1 Mycelium Market Overview Snapshot and Growth Engine
8.2 Mycelium Market Overview
8.3 Tablet
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2016-2028F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Tablet: Grographic Segmentation
8.4 Capsules
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2016-2028F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Capsules: Grographic Segmentation
8.5 Preformed
8.5.1 Introduction and Market Overview
8.5.2 Historic and Forecasted Market Size (2016-2028F)
8.5.3 Key Market Trends, Growth Factors and Opportunities
8.5.4 Preformed: Grographic Segmentation
8.6 Powder
8.6.1 Introduction and Market Overview
8.6.2 Historic and Forecasted Market Size (2016-2028F)
8.6.3 Key Market Trends, Growth Factors and Opportunities
8.6.4 Powder: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Positioning
9.1.2 Mycelium Sales and Market Share By Players
9.1.3 Industry BCG Matrix
9.1.4 Ansoff Matrix
9.1.5 Mycelium Industry Concentration Ratio (CR5 and HHI)
9.1.6 Top 5 Mycelium Players Market Share
9.1.7 Mergers and Acquisitions
9.1.8 Business Strategies By Top Players
9.2 ATLAST
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Operating Business Segments
9.2.5 Product Portfolio
9.2.6 Business Performance
9.2.7 Key Strategic Moves and Recent Developments
9.2.8 SWOT Analysis
9.3 CHINOVA BIOWORKS
9.4 FOUR SIGMATIC
9.5 FRESHCAP MUSHROOMS LTD
9.6 GROWN. BIO
9.7 MUSHLABS GMBH
9.8 MONAGHAN GROUP
9.9 MYCOTECHNOLOGY
9.10 MYCOTECH LAB
9.11 MYCOWORKS
9.12 OTHER MAJOR PLAYERS
Chapter 10: Global Mycelium Market Analysis, Insights and Forecast, 2016-2028
10.1 Market Overview
10.2 Historic and Forecasted Market Size By Application
10.2.1 Packaging Industry
10.2.2 Food & Beverage Industry
10.2.3 Animal feed industry
10.2.4 Building Materials
10.3 Historic and Forecasted Market Size By Application
10.3.1 Oncology
10.3.2 Cardiovascular Diseases
10.3.3 Urology
10.3.4 Other
10.4 Historic and Forecasted Market Size By Nature
10.4.1 Raw
10.4.2 Processed
10.5 Historic and Forecasted Market Size By Form
10.5.1 Tablet
10.5.2 Capsules
10.5.3 Preformed
10.5.4 Powder
Chapter 11: North America Mycelium Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Application
11.4.1 Packaging Industry
11.4.2 Food & Beverage Industry
11.4.3 Animal feed industry
11.4.4 Building Materials
11.5 Historic and Forecasted Market Size By Application
11.5.1 Oncology
11.5.2 Cardiovascular Diseases
11.5.3 Urology
11.5.4 Other
11.6 Historic and Forecasted Market Size By Nature
11.6.1 Raw
11.6.2 Processed
11.7 Historic and Forecasted Market Size By Form
11.7.1 Tablet
11.7.2 Capsules
11.7.3 Preformed
11.7.4 Powder
11.8 Historic and Forecast Market Size by Country
11.8.1 U.S.
11.8.2 Canada
11.8.3 Mexico
Chapter 12: Europe Mycelium Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Application
12.4.1 Packaging Industry
12.4.2 Food & Beverage Industry
12.4.3 Animal feed industry
12.4.4 Building Materials
12.5 Historic and Forecasted Market Size By Application
12.5.1 Oncology
12.5.2 Cardiovascular Diseases
12.5.3 Urology
12.5.4 Other
12.6 Historic and Forecasted Market Size By Nature
12.6.1 Raw
12.6.2 Processed
12.7 Historic and Forecasted Market Size By Form
12.7.1 Tablet
12.7.2 Capsules
12.7.3 Preformed
12.7.4 Powder
12.8 Historic and Forecast Market Size by Country
12.8.1 Germany
12.8.2 U.K.
12.8.3 France
12.8.4 Italy
12.8.5 Russia
12.8.6 Spain
12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Mycelium Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Application
13.4.1 Packaging Industry
13.4.2 Food & Beverage Industry
13.4.3 Animal feed industry
13.4.4 Building Materials
13.5 Historic and Forecasted Market Size By Application
13.5.1 Oncology
13.5.2 Cardiovascular Diseases
13.5.3 Urology
13.5.4 Other
13.6 Historic and Forecasted Market Size By Nature
13.6.1 Raw
13.6.2 Processed
13.7 Historic and Forecasted Market Size By Form
13.7.1 Tablet
13.7.2 Capsules
13.7.3 Preformed
13.7.4 Powder
13.8 Historic and Forecast Market Size by Country
13.8.1 China
13.8.2 India
13.8.3 Japan
13.8.4 Singapore
13.8.5 Australia
13.8.6 New Zealand
13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Mycelium Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Application
14.4.1 Packaging Industry
14.4.2 Food & Beverage Industry
14.4.3 Animal feed industry
14.4.4 Building Materials
14.5 Historic and Forecasted Market Size By Application
14.5.1 Oncology
14.5.2 Cardiovascular Diseases
14.5.3 Urology
14.5.4 Other
14.6 Historic and Forecasted Market Size By Nature
14.6.1 Raw
14.6.2 Processed
14.7 Historic and Forecasted Market Size By Form
14.7.1 Tablet
14.7.2 Capsules
14.7.3 Preformed
14.7.4 Powder
14.8 Historic and Forecast Market Size by Country
14.8.1 Turkey
14.8.2 Saudi Arabia
14.8.3 Iran
14.8.4 UAE
14.8.5 Africa
14.8.6 Rest of MEA
Chapter 15: South America Mycelium Market Analysis, Insights and Forecast, 2016-2028
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Application
15.4.1 Packaging Industry
15.4.2 Food & Beverage Industry
15.4.3 Animal feed industry
15.4.4 Building Materials
15.5 Historic and Forecasted Market Size By Application
15.5.1 Oncology
15.5.2 Cardiovascular Diseases
15.5.3 Urology
15.5.4 Other
15.6 Historic and Forecasted Market Size By Nature
15.6.1 Raw
15.6.2 Processed
15.7 Historic and Forecasted Market Size By Form
15.7.1 Tablet
15.7.2 Capsules
15.7.3 Preformed
15.7.4 Powder
15.8 Historic and Forecast Market Size by Country
15.8.1 Brazil
15.8.2 Argentina
15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
|
Global Mycelium Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 3.10 Bn. |
|
Forecast Period 2024-32 CAGR: |
7.75% |
Market Size in 2032: |
USD 6.07 Bn. |
|
Segments Covered: |
By Application |
|
|
|
By Nature |
|
||
|
By Form |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
Frequently Asked Questions :
The forecast period in the Mycelium market research report is 2024-2032.
The key players mentioned are Atlast (Promethea), Chinova Bioworks (Canada), Four Sigmatic (US), FreshCap Mushrooms LTD (Canada), Grown.bio (Nederland), Mushlabs GmbH (Europe), Monaghan Group (Ireland), MycoTechnology (Colorado), Mycotech Lab (Indonesia), MycoWorks (California) and other major players.
The Mycelium market is segmented into Application, Nature, Form and region. By Application, it is classified into: Packaging Industry, Food and Beverage Industry, Animal feed industry, Building Materials. By Nature, it is classified into: Raw and Processed. By Form, it is classified into: Tablet, Capsules, Preformed, Powder. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).
Mycelium is a fungal root-like structure composed of a mass of branching, thread-like hyphae. Mycelium-based fungal colonies can be found in and on soil as well as a variety of other substrates. When two suitable monokaryotic mycelia merge to form a dikaryotic mycelium, that mycelium can develop fruiting bodies such as mushrooms.
Mycelium Market Size Was Valued at USD 3.10 Billion in 2023, and is Projected to Reach USD 6.07 Billion by 2032, Growing at a CAGR of 7.75% From 2024-2032.
