Mycelium Global Market Report 2024

Description

“Mycelium Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on mycelium market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for mycelium? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mycelium market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Pre-Formed Product; Powder; Capsules; Tablets; Other Product Types
2) By Nature: Raw; Processed
3) By Application: Food And Beverage; Packaging; Clothing And Apparel; Animal Feed; Other Applications
Companies Mentioned: Four Sigmatic; FreshCap Mushrooms; Ecovative LLC; Mushlabs GmbH; Mycelia NV
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Mycelium is the vegetative stage of fungi, characterized by a network of thread-such as structures known as hyphae. It plays a critical role in breaking down organic matter and facilitating nutrient cycling in ecosystems.

The primary product types derived from mycelium include pre-formed products, powders, capsules, tablets, and other related forms. Powdered mycelium refers to finely ground substances obtained from mycelium that can be easily incorporated into food products. It can be dried and processed into a powdered form, often used as food additives or in various applications. Mycelium-derived products, in their diverse nature be it raw or processed. These include applications across multiple industries including food and beverage, packaging, clothing and apparel, animal feed, and various other sectors.

The mycelium market research report is one of a series of new reports from The Business Research Company that provides mycelium market statistics, including mycelium industry global market size, regional shares, competitors with a mycelium market share, detailed mycelium market segments, market trends, and opportunities, and any further data you may need to thrive in the mycelium industry. This mycelium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mycelium market size has grown strongly in recent years. It will grow from $2.86 billion in 2023 to $3.13 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The expansion observed in the historical period can be attributed to several factors. These include increased market acceptance and awareness of mycelium-based products, developments within the regulatory environment that facilitated their growth, advancements in research and development (R&D) efforts, collaborations and partnerships among industry players, and the evolving competitive landscape within the sector.

The mycelium market size is expected to see strong growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. Anticipated growth in the forecast period can be linked to various factors, including the expansion of markets and global reach, ongoing developments in regulations conducive to growth, innovation in diverse product applications, scaling up production capacities, and concerted efforts in consumer education and awareness initiatives.

The surge in demand from key end users such as the food industry is set to drive robust growth in the mycelium market. This industry encompasses all businesses involved in processing, packaging, and distributing uncooked food. Mycelium, recognized for producing natural flavors, aligns with the increasing consumer preference for natural and sustainable alternatives to synthetic flavors. In 2021, Scotland registered 1,185 companies engaged in food and beverage manufacturing, contributing significantly to Scotland's manufacturing sector with a turnover of $12.5 billion (£10.3 billion) accounting for 33% of the total Scottish manufacturing. Hence, heightened demand from sectors such as food and beverage is fueling the mycelium market's expansion.

The expanding packaging industry is poised to drive substantial growth in the mycelium market. This sector deals with designing, producing, and distributing packaging materials and solutions for product containment, protection, and presentation to consumers. Mycelium, a biodegradable material derived from fungi, resonates with sustainability trends and consumer preferences for eco-friendly packaging. In Germany, the food processing and packaging machinery industry generated €14.8 billion in revenue in 2021, a 7% increase from 2020. Regulatory pressures, corporate sustainability goals, and advancements in mycelium technology are driving its adoption. Its minimal environmental impact and collaborations between mycelium developers and packaging firms further accelerate its integration into mainstream packaging practices.

Embracing technological solutions emerges as a prominent trend in the mycelium market. Leading companies in this sector prioritize technological innovations to solidify their market standing. For instance, Ecovative LLP launched Forager in January 2022, utilizing AirMycelium technology to create fungi-based foams and covers for industries such as fashion and automobiles. Forager provides scalable production of pure mycelium material, offering customizable properties such as density, tensile strength, texture, and form. Its foams and hides cater to varied thicknesses, textures, and finishes, aligning with the high standards of the fashion and garment sectors while boasting biodegradability and minimal environmental impact.

Major companies in the mycelium market are spearheading the development of new skincare products, particularly skin brightening serums, to fortify their market position. Skin brightening serums target issues such as uneven skin tone, dullness, and hyperpigmentation. For instance, Shroom Skincare introduced the Mycelium Glow Brightening Serum in January 2023, incorporating a blend of mushroom extracts and vitamin C for naturally radiant skin. The serum features extracts such as Maitake, Chaga, Reishi, and Cordyceps Sinensis, delivering antioxidant-rich benefits. It combines these with vitamin C and various oils to provide comprehensive environmental defense. Prioritizing sustainability, Shroom Skincare sources ingredients responsibly and ensures its serum is free from harmful elements such as parabens, formaldehyde, and sulfates.

In March 2021, MycoWorks, a US-based company that creates fine mycelium products partnered with High Fashion House Hermes, a US-based luxury goods company. Through this partnership, the company aims to create an innovative mycelium leather alternative bag, the Victoria bag. This bag is an alternative for leather-based bags that are made of made of mycelium, the thread-such as filament structure of fungi.

Major companies operating in the mycelium market report are Four Sigmatic, FreshCap Mushrooms, Ecovative LLC, Mushlabs GmbH, Mycelia NV, MycoWorks, MycoTechnology Inc., Mycotech Lab, Groundwork BioAg Ltd., Magical Mushroom Company, Mushroom Material Limited, Botaniex Inc., Norwegian Mycelium AS, Scelta Mushrooms BV, GROWN bio, MOGU, Nature's Fynd, Prime Roots, Atlast Food Co., Mycorena, Mycovation, EniferBio, Life Cykel, KingHerbs Limited, Gurelan Cooperative, Innomy Labs, Mycelium Solutions, Mycelium Made, Mycelium Emporium, Mycelium Biofabrication

North America was the largest region in the mycelium market in 2023. The regions covered in the mycelium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the mycelium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The mycelium market consists of sales of mycelium and mycelium-based products, such as natural flavors, textiles, and packaging. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11947

1. Executive Summary

2. Mycelium Market Characteristics

3. Mycelium Market Trends And Strategies

4. Mycelium Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Mycelium Market Size and Growth

5.1. Global Mycelium Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Mycelium Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Mycelium Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Mycelium Market Segmentation

6.1. Global Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pre-Formed Product
Powder
Capsules
Tablets
Other Product Types
6.2. Global Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Raw
Processed
6.3. Global Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food And Beverage
Packaging
Clothing And Apparel
Animal Feed
Other Applications

7. Mycelium Market Regional And Country Analysis

7.1. Global Mycelium Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Mycelium Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Mycelium Market

8.1. Asia-Pacific Mycelium Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Mycelium Market

9.1. China Mycelium Market Overview
9.2. China Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Mycelium Market

10.1. India Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Mycelium Market

11.1. Japan Mycelium Market Overview
11.2. Japan Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Mycelium Market

12.1. Australia Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Mycelium Market

13.1. Indonesia Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Mycelium Market

14.1. South Korea Mycelium Market Overview
14.2. South Korea Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Mycelium Market

15.1. Western Europe Mycelium Market Overview
15.2. Western Europe Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Mycelium Market

16.1. UK Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Mycelium Market

17.1. Germany Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Mycelium Market

18.1. France Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Mycelium Market

19.1. Italy Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Mycelium Market

20.1. Spain Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Mycelium Market

21.1. Eastern Europe Mycelium Market Overview
21.2. Eastern Europe Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Mycelium Market

22.1. Russia Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Mycelium Market

23.1. North America Mycelium Market Overview
23.2. North America Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Mycelium Market

24.1. USA Mycelium Market Overview
24.2. USA Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Mycelium Market

25.1. Canada Mycelium Market Overview
25.2. Canada Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Mycelium Market

26.1. South America Mycelium Market Overview
26.2. South America Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Mycelium Market

27.1. Brazil Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Mycelium Market

28.1. Middle East Mycelium Market Overview
28.2. Middle East Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Mycelium Market

29.1. Africa Mycelium Market Overview
29.2. Africa Mycelium Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Mycelium Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Mycelium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Mycelium Market Competitive Landscape And Company Profiles

30.1. Mycelium Market Competitive Landscape
30.2. Mycelium Market Company Profiles
- 30.2.1. Four Sigmatic
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. FreshCap Mushrooms
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Ecovative LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Mushlabs GmbH
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Mycelia NV
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Mycelium Market Competitive Benchmarking

32. Global Mycelium Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Mycelium Market

34. Mycelium Market Future Outlook and Potential Analysis

34.1 Mycelium Market In 2028 - Countries Offering Most New Opportunities
34.2 Mycelium Market In 2028 - Segments Offering Most New Opportunities
34.3 Mycelium Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer