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Mycelium Market Trends

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

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.

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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