Global Mycelium Market 2023-2030

Global Mycelium Market 2023-2030



Market Outlook

As per Triton Market Research’s report, the global mycelium market is estimated to progress at a CAGR of 7.66% during the forecast period 2023-2030.

Various factors, including consumer inclination towards eco-friendly products, prompt the market’s growth. Numerous nations are implementing bans on the utilization of styrofoam and polystyrene packaging. Moreover, various forms of legislation have been enacted concerning single-use plastic containers. These regulations encompass prohibitions on plastic bags, levies on plastic bags, and restrictions on plastic containers based on their thickness. In this regard, mycelium offers a solution as it can be effortlessly produced by blending biological and agricultural waste. This makes it an ideal substitute for polystyrene, styrofoam, and other non-biodegradable materials.

However, the market’s growth may be hampered by the availability of various substitutes and low-level commercialization of mycelium.

REGIONAL OUTLOOK

The global mycelium market covers Europe, Latin America, North America, Asia-Pacific, and Middle East and Africa.

North America is expected to witness fast growth over the forecast period. The region holds significant importance in the mycelium market due to its major role in contributing to the revenues of major players in the food and beverage, clothing and apparel, and packaging industries. This region has witnessed a substantial increase in the adoption of mycelium, primarily driven by the growing demand for vegan and sustainable products. Mushroom mycelium has seamlessly integrated into various sectors, further reinforcing its presence and impact on the region’s industries.

Competitive Outlook

The notable companies in the mycelium market are MycoTechnology Inc, Ecovative Design LLC, MycoWorks, Groundwork BioAg, Meati Inc, Monaghan Group, Mogu SRL, Nature’s Fynd, Bolt Threads, Botaniex, Mycorena AB, and Prime Roots.

Monaghan Group specializes in sourcing mushrooms from local farmers, transforming them into a diverse range of food products. One of its recent ventures, Mighty Mushroom Co, offers mycelium-based meat alternatives available in forms like sausages, minced meat, and meat-free burgers. The company’s operations span across multiple countries, with farms, packhouses, substrate sites, and offices located in Ireland, the UK, the Netherlands, Germany, Belgium, and Canada. It is headquartered in Ireland.


1. Global Mycelium Market - Summary
2. Industry Outlook
2.1. Impact Analysis On The Mycelium Market
2.1.1. Covid-19 Impact
2.2. Key Insights
2.2.1. Mycelium Versatility Attracting Numerous Start-ups
2.2.2. Radical Shift In Consumer Behavior And Preference
2.2.3. Eco-friendly Packaging And Protein Alternative
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Suppliers
2.3.4. Bargaining Power Of Buyers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Maturity Analysis
2.5. Key Market Strategies
2.5.1. Product Launches & Developments
2.5.2. Collaborations
2.5.3. Acquisitions
2.5.4. Business Expansions
2.6. Market Drivers
2.6.1. Low-cost Investment With Multiple Applications
2.6.2. Consumer Inclination Towards Eco-friendly Products And Circular Economy
2.6.3. Government Initiatives Boost Manufacturing R&D Of Mycelium-based Products
2.7. Market Challenges
2.7.1. Availability Of Various Substitutes
2.7.2. Low Level Of Commercialization And Labor-intensive
2.8. Market Opportunities
2.8.1. Mycelium-based Organo-electronics Gain Attention
2.8.2. Shift In Consumer Behavior And Preference
2.8.3. Adoption Of Mycelium In The Pharmaceutical And Beauty Industry
2.9. Analyst Perspective
3. Global Mycelium Market Outlook - By Nature
3.1. Raw
3.2. Processed
4. Global Mycelium Market Outlook - By Form
4.1. Pre-formed Product
4.2. Powder
4.3. Tablet And Capsule
4.4. Other Forms
5. Global Mycelium Market Outlook - By Application
5.1. Food And Beverage
5.2. Packaging
5.3. Clothing And Apparel
5.4. Animal Feed
5.5. Other Applications
6. Global Mycelium Market – By Regional Outlook
6.1. North America
6.1.1. Market By Nature
6.1.2. Market By Form
6.1.3. Market By Application
6.1.4. Country Analysis
6.1.4.1. United States
6.1.4.1.1. United States Mycelium Market Forecast & Prospects
6.1.4.2. Canada
6.1.4.2.1. Canada Mycelium Market Forecast & Prospects
6.2. Europe
6.2.1. Market By Nature
6.2.2. Market By Form
6.2.3. Market By Application
6.2.4. Country Analysis
6.2.4.1. United Kingdom
6.2.4.1.1. United Kingdom Mycelium Market Forecast & Prospects
6.2.4.2. Germany
6.2.4.2.1. Germany Mycelium Market Forecast & Prospects
6.2.4.3. France
6.2.4.3.1. France Mycelium Market Forecast & Prospects
6.2.4.4. Spain
6.2.4.4.1. Spain Mycelium Market Forecast & Prospects
6.2.4.5. Italy
6.2.4.5.1. Italy Mycelium Market Forecast & Prospects
6.2.4.6. Poland
6.2.4.6.1. Poland Mycelium Market Forecast & Prospects
6.2.4.7. Rest Of Europe
6.2.4.7.1. Rest Of Europe Mycelium Market Forecast & Prospects
6.3. Asia-pacific
6.3.1. Market By Nature
6.3.2. Market By Form
6.3.3. Market By Application
6.3.4. Country Analysis
6.3.4.1. China
6.3.4.1.1. China Mycelium Market Forecast & Prospects
6.3.4.2. Japan
6.3.4.2.1. Japan Mycelium Market Forecast & Prospects
6.3.4.3. India
6.3.4.3.1. India Mycelium Market Forecast & Prospects
6.3.4.4. South Korea
6.3.4.4.1. South Korea Mycelium Market Forecast & Prospects
6.3.4.5. Asean Countries
6.3.4.5.1. Asean Countries Mycelium Market Forecast & Prospects
6.3.4.6. Australia & New Zealand
6.3.4.6.1. Australia & New Zealand Mycelium Market Forecast & Prospects
6.3.4.7. Rest Of Asia-pacific
6.3.4.7.1. Rest Of Asia-pacific Mycelium Market Forecast & Prospects
6.4. Latin America
6.4.1. Market By Nature
6.4.2. Market By Form
6.4.3. Market By Application
6.4.4. Country Analysis
6.4.4.1. Brazil
6.4.4.1.1. Brazil Mycelium Market Forecast & Prospects
6.4.4.2. Mexico
6.4.4.2.1. Mexico Mycelium Market Forecast & Prospects
6.4.4.3. Rest Of Latin America
6.4.4.3.1. Rest Of Latin America Mycelium Market Forecast & Prospects
6.5. Middle East And Africa
6.5.1. Market By Nature
6.5.2. Market By Form
6.5.3. Market By Application
6.5.4. Country Analysis
6.5.4.1. United Arab Emirates
6.5.4.1.1. United Arab Emirates Mycelium Market Forecast & Prospects
6.5.4.2. Saudi Arabia
6.5.4.2.1. Saudi Arabia Mycelium Market Forecast & Prospects
6.5.4.3. Israel
6.5.4.3.1. Israel Mycelium Market Forecast & Prospects
6.5.4.4. South Africa
6.5.4.4.1. South Africa Mycelium Market Forecast & Prospects
6.5.4.5. Rest Of Middle East & Africa
6.5.4.5.1. Rest Of Middle East & Africa Mycelium Market Forecast & Prospects
7. Competitive Landscape
7.1. Groundwork Bioag
7.1.1. Overview
7.1.2. Product Portfolio
7.1.3. Key Strengths
7.1.4. Key Challenge
7.2. Mycotechnology Inc
7.2.1. Overview
7.2.2. Product Portfolio
7.2.3. Key Strengths
7.2.4. Key Challenge
7.3. Ecovative Design Llc
7.3.1. Overview
7.3.2. Product Portfolio
7.3.3. Key Strengths
7.3.4. Key Challenges
7.4. Monaghan Group
7.4.1. Overview
7.4.2. Product Portfolio
7.4.3. Key Strengths
7.4.4. Key Challenge
7.5. Meati Inc
7.5.1. Overview
7.5.2. Product Portfolio
7.5.3. Key Strengths
7.5.4. Key Challenge
7.6. Bolt Threads
7.6.1. Overview
7.6.2. Product Portfolio
7.6.3. Key Strengths
7.6.4. Key Challenge
7.7. Mogu Srl
7.7.1. Overview
7.7.2. Product Portfolio
7.7.3. Key Strengths
7.7.4. Key Challenge
7.8. Mycorena Ab
7.8.1. Overview
7.8.2. Product Portfolio
7.8.3. Key Strengths
7.8.4. Key Challenges
7.9. Mycoworks
7.9.1. Overview
7.9.2. Product Portfolio
7.10. Botaniex
7.10.1. Overview
7.10.2. Product Portfolio
7.11. Prime Roots
7.11.1. Overview
7.11.2. Product Portfolio
7.12. Nature’s Fynd
7.12.1. Overview
7.12.2. Product Portfolio
8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources Of Data
8.3. Research Methodology
List Of Tables
Table 1: Global Mycelium Market, By Regional Outlook, 2023-2030 (In $ Million)
Table 2: Legislations Imposed Across Countries For Adoption Of Eco-friendly Packaging
Table 3: List Of Product Launches
Table 4: List Of Collaborations
Table 5: List Of Acquisitions
Table 6: List Of Business Expansions
Table 7: Global Mycelium Market, By Nature, 2023-2030 (In $ Million)
Table 8: Global Mycelium Market, By Form, 2023-2030 (In $ Million)
Table 9: Global Mycelium Market, By Application, 2023-2030 (In $ Million)
Table 10: Global Mycelium Market, By Regional Outlook, 2023-2030 (In $ Million)
Table 11: North America Mycelium Market, By Country Outlook, 2023-2030 (In $ Million)
Table 12: North America Mycelium Market, By Nature, 2023-2030 (In $ Million)
Table 13: North America Mycelium Market, By Form, 2023-2030 (In $ Million)
Table 14: North America Mycelium Market, By Application, 2023-2030 (In $ Million)
Table 15: Europe Mycelium Market, By Country Outlook, 2023-2030 (In $ Million)
Table 16: Europe Mycelium Market, By Nature, 2023-2030 (In $ Million)
Table 17: Europe Mycelium Market, By Form, 2023-2030 (In $ Million)
Table 18: Europe Mycelium Market, By Application, 2023-2030 (In $ Million)
Table 19: Asia-pacific Mycelium Market, By Country Outlook, 2023-2030 (In $ Million)
Table 20: Asia-pacific Mycelium Market, By Nature, 2023-2030 (In $ Million)
Table 21: Asia-pacific Mycelium Market, By Form, 2023-2030 (In $ Million)
Table 22: Asia-pacific Mycelium Market, By Application, 2023-2030 (In $ Million)
Table 23: Latin America Mycelium Market, By Country Outlook, 2023-2030 (In $ Million)
Table 24: Latin America Mycelium Market, By Nature, 2023-2030 (In $ Million)
Table 25: Latin America Mycelium Market, By Form, 2023-2030 (In $ Million)
Table 26: Latin America Mycelium Market, By Application, 2023-2030 (In $ Million)
Table 27: Middle East And Africa Mycelium Market, By Country Outlook, 2023-2030 (In $ Million)
Table 28: Middle East And Africa Mycelium Market, By Nature, 2023-2030 (In $ Million)
Table 29: Middle East And Africa Mycelium Market, By Form, 2023-2030 (In $ Million)
Table 30: Middle East And Africa Mycelium Market, By Application, 2023-2030 (In $ Million)
List Of Figures
Figure 1: Market Maturity Analysis
Figure 2: Global Mycelium Market, By Nature, 2022 & 2030 (In %)
Figure 3: Global Mycelium Market, By Raw, 2023-2030 (In $ Million)
Figure 4: Global Mycelium Market, By Processed, 2023-2030 (In $ Million)
Figure 5: Global Mycelium Market, By Form, 2022 & 2030 (In %)
Figure 6: Global Mycelium Market, By Pre-formed Product, 2023-2030 (In $ Million)
Figure 7: Global Mycelium Market, By Powder, 2023-2030 (In $ Million)
Figure 8: Global Mycelium Market, By Tablet And Capsule, 2023-2030 (In $ Million)
Figure 9: Global Mycelium Market, By Other Forms, 2023-2030 (In $ Million)
Figure 10: Global Mycelium Market, By Application, 2022 & 2030 (In %)
Figure 11: Global Mycelium Market, By Food And Beverage, 2023-2030 (In $ Million)
Figure 12: Global Mycelium Market, By Packaging, 2023-2030 (In $ Million)
Figure 13: Global Mycelium Market, By Clothing And Apparel, 2023-2030 (In $ Million)
Figure 14: Global Mycelium Market, By Animal Feed, 2023-2030 (In $ Million)
Figure 15: Global Mycelium Market, By Other Applications, 2023-2030 (In $ Million)
Figure 16: Global Mycelium Market, By Regional Outlook, 2022 & 2030 (In %)
Figure 17: United States Mycelium Market 2023-2030 (In $ Million)
Figure 18: Canada Mycelium Market 2023-2030 (In $ Million)
Figure 19: United Kingdom Mycelium Market 2023-2030 (In $ Million)
Figure 20: Germany Mycelium Market 2023-2030 (In $ Million)
Figure 21: France Mycelium Market 2023-2030 (In $ Million)
Figure 22: Spain Mycelium Market 2023-2030 (In $ Million)
Figure 23: Italy Mycelium Market 2023-2030 (In $ Million)
Figure 24: Poland Mycelium Market 2023-2030 (In $ Million)
Figure 25: Rest Of Europe Mycelium Market 2023-2030 (In $ Million)
Figure 26: China Mycelium Market 2023-2030 (In $ Million)
Figure 27: Japan Mycelium Market 2023-2030 (In $ Million)
Figure 28: India Mycelium Market 2023-2030 (In $ Million)
Figure 29: South Korea Mycelium Market 2023-2030 (In $ Million)
Figure 30: Asean Countries Mycelium Market 2023-2030 (In $ Million)
Figure 31: Australia & New Zealand Mycelium Market 2023-2030 (In $ Million)
Figure 32: Rest Of Asia-pacific Mycelium Market 2023-2030 (In $ Million)
Figure 33: Brazil Mycelium Market 2023-2030 (In $ Million)
Figure 34: Mexico Mycelium Market 2023-2030 (In $ Million)
Figure 35: Rest Of Latin America Mycelium Market 2023-2030 (In $ Million)
Figure 36: United Arab Emirates Mycelium Market 2023-2030 (In $ Million)
Figure 37: Saudi Arabia Mycelium Market 2023-2030 (In $ Million)
Figure 38: Israel Mycelium Market 2023-2030 (In $ Million)
Figure 39: South Africa Mycelium Market 2023-2030 (In $ Million)
Figure 40: Rest Of Middle East & Africa Mycelium Market 2023-2030 (In $ Million)

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