North America Mycelium Market 2023-2030
Market Outlook
According to Triton Market Research’s report, the mycelium market in North America is projected to experience a CAGR of 8.29% during the forecast years 2023-2030. The report examines Canada and the United States in the region.
The Canadian mycelium market is closely mirroring the trajectory of the US market in terms of product innovation and governmental initiatives. While mushroom sales have remained relatively stable, there has been a notable shift in the ratio of traditional mushroom farmers to specialized mushroom producers. The bulk of Canada’s mushroom production is concentrated in British Columbia and Ontario. These two regions have distinctive positions in the mushroom and mycelium market due to their geographical locations. These factors can potentially influence the growth of the mycelium market.
In the United States, there is a growing awareness of sustainable and eco-friendly options in various consumer sectors, including food and beverages, clothing, and fashion accessories made from leather. This shift in consumer consciousness has led to an increased interest in mycelium-based products within the country. One contributing factor to this trend is the implementation of styrofoam bans, prompting demand for alternative eco-friendly packaging solutions. Hence, these factors create numerous opportunities for the mycelium market.
Competitive Outlook
The prominent companies in the mycelium market are Ecovative Design LLC, MycoWorks, Groundwork BioAg, and MycoTechnology Inc.
- 1. North America Mycelium Industry - Market Summary
- 2. Industry Outlook
- 2.1. Impact Analysis On 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. North America Mycelium Market Outlook - By Nature
- 3.1. Raw
- 3.2. Processed
- 4. North America Mycelium Market Outlook - By Form
- 4.1. Pre-formed Product
- 4.2. Powder
- 4.3. Tablet And Capsule
- 4.4. Other Forms
- 5. North America 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. North America Mycelium Market – By Country Outlook
- 6.1. United States
- 6.1.1. United States Mycelium Market Forecast & Prospects
- 6.2. Canada
- 6.2.1. Canada 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. Nature’s Fynd
- 7.11.1. Overview
- 7.11.2. Product Portfolio
- 7.12. Prime Roots
- 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: North America Mycelium Market, By Country Outlook, 2023-2030 (In $ Million)
- Table 2: List Of Product Launches
- Table 3: List Of Collaborations
- Table 4: List Of Acquisitions
- Table 5: List Of Business Expansions
- Table 6: North America Mycelium Market, By Country Outlook, 2023-2030 (In $ Million)
- Table 7: North America Mycelium Market, By Nature, 2023-2030 (In $ Million)
- Table 8: North America Mycelium Market, By Form, 2023-2030 (In $ Million)
- Table 9: North America Mycelium Market, By Application, 2023-2030 (In $ Million)
- List Of Figures
- Figure 1: North America Mycelium Market, By Nature, 2022 & 2030 (In %)
- Figure 2: North America Mycelium Market, By Raw, 2023-2030 (In $ Million)
- Figure 3: North America Mycelium Market, By Processed, 2023-2030 (In $ Million)
- Figure 4: North America Mycelium Market, By Form, 2022 & 2030 (In %)
- Figure 5: North America Mycelium Market, By Pre-formed Product, 2023-2030 (In $ Million)
- Figure 6: North America Mycelium Market, By Powder, 2023-2030 (In $ Million)
- Figure 7: North America Mycelium Market, By Tablet And Capsule, 2023-2030 (In $ Million)
- Figure 8: North America Mycelium Market, By Other Forms, 2023-2030 (In $ Million)
- Figure 9: North America Mycelium Market, By Application, 2022 & 2030 (In %)
- Figure 10: North America Mycelium Market, By Food And Beverage, 2023-2030 (In $ Million)
- Figure 11: North America Mycelium Market, By Packaging, 2023-2030 (In $ Million)
- Figure 12: North America Mycelium Market, By Clothing And Apparel, 2023-2030 (In $ Million)
- Figure 13: North America Mycelium Market, By Animal Feed, 2023-2030 (In $ Million)
- Figure 14: North America Mycelium Market, By Other Applications, 2023-2030 (In $ Million)
- Figure 15: North America Mycelium Market, By Country Outlook, 2022 & 2030 (In %)
- Figure 16: United States Mycelium Market 2023-2030 (In $ Million)
- Figure 17: Canada Mycelium Market 2023-2030 (In $ Million)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook