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Mycelium Market - By Nature (Organic, Processed, Raw, and Conventional) By Product Type (Powder, Capsules, Tablets) By End-Use Industry (Packaging, Construction, Food and Beverage, Clothing and Apparel, Automotive, Animal Feed) & Forecast, 2024 – 2032

  • Report ID: GMI9258
  • Published Date: Apr 2024
  • Report Format: PDF

Mycelium Market Size

Mycelium Market was valued at USD 2.79 billion in 2023 and is anticipated to register a CAGR of over 7.4% between 2024 and 2032. The industry encompasses the segment of organic witnessing a surge in demand across various industries owing to its versatile applications.

Mycelium Market

In the mycelium industry, organic practices are widely embraced due to their alignment with sustainability principles and consumer preferences. Mycelium cultivation often involves using organic substrates, such as agricultural waste or forestry by-products, which minimize environmental impact and reduce reliance on synthetic inputs. Organic methods also promote biodiversity and soil health, fostering a more holistic approach to production. Moreover, organic certification assures consumers of product quality and adherence to strict standards regarding chemical use and environmental stewardship, enhancing trust and marketability.

In recent years, the growing emphasis on sustainability across industries is influencing the trajectory of the mycelium industry. Consumers are increasingly seeking eco-friendly alternatives to conventional products, driving demand for sustainable materials like mycelium-based composites and packaging. Companies are responding to this trend by investing in research and development of mycelium-based solutions and incorporating sustainability into their business strategies. Regulatory initiatives promoting sustainability, along with collaborations between industry players and research institutions, further propel the adoption of mycelium-based products. As sustainability continues to shape consumer preferences and industry practices, the market is poised for continued growth and innovation.

The mycelium market faces initial high costs of research and development (R&D) due to the need for innovative technologies and processes to harness the full potential of mycelium-based products. Developing novel methods for cultivation, processing, and commercial-scale production of mycelium materials requires significant investment in scientific research, experimentation, and infrastructure. These upfront expenses encompass expenditures on specialized equipment, labor, and facilities, as well as costs associated with trial and error in refining production techniques. While R&D efforts are crucial for advancing the capabilities and applications of mycelium-based materials, the substantial initial investment acts as a restraint, particularly for smaller companies and startups with limited financial resources, hindering widespread adoption and market growth in the short term.

Mycelium Market Trends

In recent years, in the mycelium industry, sustainability trends and the rise of eco-conscious consumers are driving significant shifts in product development and consumer preferences. As awareness of environmental issues grows, there is increasing demand for sustainable alternatives to traditional materials. Mycelium, the root structure of mushrooms, offers a promising solution as a renewable and biodegradable material suitable for various applications, including packaging, construction, textiles, and even food. Its ability to be grown using agricultural waste or other sustainable substrates further enhances its eco-friendly profile. As consumers prioritize products that align with their values of environmental stewardship, the mycelium market is poised to expand rapidly, driven by its sustainability credentials and appeal to eco-conscious consumers.

Furthermore, the mycelium industry is witnessing a surge in demand for biodegradable packaging solutions driven by increasing environmental concerns and the quest for sustainable alternatives. Mycelium-based packaging offers a natural and eco-friendly option, utilizing fungal mycelium to create biodegradable materials that can replace traditional plastics. As consumers become more conscious of their ecological footprint, there is a growing preference for packaging solutions that decompose naturally, reducing plastic pollution and environmental degradation. The scalability and versatility of mycelium-based packaging further contributes to its appeal, offering customizable and renewable options for various industries. This rising demand for biodegradable packaging solutions in the market underscores the pivotal role of sustainability in shaping future packaging trends and driving innovation in the industry.

Mycelium Market Analysis

Mycelium Market Size, By Nature, 2021 - 2032 (USD Billion)

Based on nature, the market is divided into organic, processed, raw, and conventional. Organic held the dominant market size of USD 1.14 billion in 2023. Organic mycelium dominates the market due to its alignment with sustainability goals and consumer preferences for natural, eco-friendly products. In applications such as packaging, construction materials, and textiles, organic mycelium offers a biodegradable and renewable alternative to conventional materials, reducing environmental impact and promoting circular economy principles. Moreover, organic mycelium-based products cater to a wide range of end-uses, including packaging for food and beverages, insulation for buildings, and fabric for clothing and accessories. With growing awareness of environmental issues and the need for sustainable solutions, the demand for organic mycelium continues to rise, driving innovation and market growth in various industries.

Mycelium Market Revenue Share, By Product Type, (2023)

Based on product type, the market is categorized into powder, capsules, tablets, and others. Powder accounted for 37% of the market share in 2023 and is projected to grow through 2032. Powder dominates the mycelium market due to its versatility and ease of use in manufacturing processes. Mycelium powder can be easily mixed with various organic substrates to create customized products such as packaging materials, construction panels, and textiles. Its fine texture allows for uniform distribution and consistent growth of mycelium, resulting in high-quality end products. Additionally, powdered mycelium offers scalability and cost-effectiveness, making it an attractive option for large-scale production in diverse industries. Overall, the dominance of powdered mycelium reflects its pivotal role in driving innovation and sustainability within the growing market.

Based on end-use industry, in the market, the segmentation based on end-use includes packaging, construction, food and beverage, clothing and apparel, automotive, animal feed, and others. Packaging dominates the mycelium industry due to its widespread application and urgent need for sustainable alternatives to conventional packaging materials like plastic. Mycelium-based packaging offers a biodegradable, compostable, and renewable solution that addresses environmental concerns while maintaining functionality and durability. With increasing regulations and consumer demand for eco-friendly packaging options, industries ranging from food and beverage to electronics and cosmetics are turning to mycelium packaging to reduce their carbon footprint and minimize waste. This growing preference for sustainable packaging solutions positions packaging as a dominant sector within the expanding market.

North America Mycelium Market Size, 2021- 2032 (USD Million)

North America dominated the global market in 2023. It generated a revenue of USD 980 million in 2023. North America dominates the mycelium market due to several key factors. Firstly, the region boasts a robust ecosystem of research institutions, startups, and established companies focused on microtechnology and biotechnology, fostering innovation and market growth. Additionally, North America's strong presence in industries such as packaging, construction, and textiles provides ample opportunities for the adoption of mycelium-based products. Moreover, supportive regulatory frameworks and consumer awareness of sustainability issues further contribute to the region's leadership in promoting eco-friendly alternatives like organic mycelium. Lastly, strategic partnerships and investments in mycelium-based startups and initiatives bolster North America's position as a global hub for microtechnology innovation and market development.

Mcelium Market Share

Mycelium Market Company Share, (2023)

Bolt Threads, Ecovative LLC, FreshCap Mushrooms LTD, Huisong and Magical Mushroom Company collectively dominate the Mycelium industry with their extensive industry experience, innovative product offerings, and widespread global presence. Bolt Threads is a pioneering biotechnology company that specializes in developing sustainable materials, including mycelium-based products. Leveraging innovative techniques, Bolt Threads produces mycelium-based materials for use in various industries, offering eco-friendly alternatives to conventional materials. Their commitment to sustainability and technological innovation positions Bolt Threads as a leader in the mycelium industry.


Ecovative LLC is a pioneering company in the mycelium industry, known for its innovative use of fungal mycelium as a sustainable alternative to conventional materials. Their mycelium-based products range from packaging materials to building insulation, offering eco-friendly solutions that are biodegradable and renewable. Ecovative's groundbreaking approach demonstrates the potential of mycelium to revolutionize various industries while addressing environmental challenges.

FreshCap Mushrooms LTD specializes in cultivating and harvesting high-quality gourmet mushrooms, including various strains of mycelium. Their expertise in mycology ensures the production of premium mycelium products for culinary, nutritional, and wellness purposes. With a commitment to sustainability and organic practices, FreshCap Mushrooms LTD stands out as a trusted source for top-grade mycelium supplements and extracts. Huisong is a leading manufacturer specializing in mycelium-based materials, offering sustainable solutions for various industries. Their innovative approach harnesses the natural growth properties of mycelium to create biodegradable packaging, construction materials, and textiles, contributing to an eco-friendlier future.

The Magical Mushroom Company specializes in harnessing the power of mycelium, the root structure of mushrooms, to create sustainable and innovative materials. Their mycelium-based products offer eco-friendly alternatives for packaging, construction, and other industries, contributing to a more sustainable future. With a commitment to innovation and sustainability, the company plays a pivotal role in driving the growth and advancements in the market, further solidifying its position as a key player in the market.

These market leaders collectively shape the competitive landscape of the mycelium market, driving innovation, setting industry standards, and meeting the evolving demands of customers worldwide. With their focus on research and development, technological advancements, and strategic partnerships, these companies continue to expand their market share and strengthen their foothold in key regions. Their relentless pursuit of excellence, coupled with their customer-centric approach, positions them as preferred suppliers of Mycelium, contributing significantly to the growth and development of the global construction industry.

Mycelium Market Companies

Major players operating in the market include:

  • Bolt Threads
  • Ecovative LLC
  • FreshCap Mushrooms LTD
  • Huisong
  • Magical Mushroom Company
  • Mycelia NV
  • Mycotech Lab
  • MycoTechnology, Inc.
  • MycoWorks
  • Scelta Mushroom

Mycelium Industry News

  • In January 2022, Ecovative, a company that specialises in the production of mycelium materials, launched its Forager division in January 2022. This division's primary focus is the design, marketing, and production of vegan, plastic-free leather-like materials and fungi-based foams for use in the fashion and automotive industries.
  • In November 2021, The Magical Mushroom Company established its new manufacturing locations in Bulgaria and Italy in November 2021, with the goal of increasing the company's annual production capacity to approximately 6 million units.

The Mycelium market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2021 to 2032, for the following segments:

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Market, By Nature

  • Organic
  • Processed
  • Raw
  • Conventional

Market, By Product Type

  • Powder
  • Capsules
  • Tablets
  • Others

Market, By End-Use Industry

  • Packaging
  • Construction
  • Food and Beverage
  • Clothing and Apparel
  • Automotive
  • Animal Feed
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for mycelium was USD 2.79 billion in 2023 and is projected to depict over 7.4% CAGR from 2024 to 2032, due to the increasing demand for sustainable materials, advancements in biotechnology, and rising application in packaging and construction.

The organic mycelium segment in the mycelium industry recorded USD 1.14 billion in revenue in 2023, due to its alignment with sustainability goals and rising consumer preferences for natural, eco-friendly products.

North America industry size was USD 0.98 billion in 2023 and is predicted to grow at a notable rate between 2024 and 2032, attributed to the robust ecosystem of research institutions, startups, and established companies focused on microtechnology and biotechnology.

Bolt Threads, Ecovative LLC, FreshCap Mushrooms LTD, Huisong, Magical Mushroom Company, Mycelia NV, Mycotech Lab, MycoTechnology, Inc., MycoWorks, and Scelta Mushroom are some of the mycelium companies worldwide.

Mycelium Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 532
  • Countries covered: 23
  • Pages: 300
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