Global Mycelium Market 2025: Steady Growth Expected with 8.1% CAGR

The mycelium market size has seen significant growth in recent years. It is projected to grow from $3.13 billion in 2024 to $3.41 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to factors such as market acceptance and awareness, regulatory environment, research and development (R&D) advances, collaborations, and partnerships, and competitive landscape.

Looking forward, the mycelium market size is expected to see continued growth, rising to $4.67 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. Market expansion and global reach, regulatory developments, innovation in product applications, scaling production capacities, and consumer education and awareness are all contributing to the forecast growth.

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What are the Main Drivers for the Mycelium Market?
The escalating demand from end users such as the food industry is expected to spur the growth of the mycelium market. The food industry, which encompasses businesses related to the processing, packaging, and distribution of uncooked food, extensively utilizes mycelium in several food products for its natural flavor-producing capabilities, as there’s an increasing consumer demand for natural and sustainable alternatives to synthetic flavors.

What are the Key Segments of the Mycelium Market?
The mycelium market is segmented as follows:
1) By Product Type: Pre-Formed Product, Powder, Capsules, Tablets, and Other Product Types
2) By Nature: Raw, Processed
3) By Application: Food And Beverage, Packaging, Clothing And Apparel, Animal Feed, Other Applications

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Who Are The Major Players in the Mycelium Market?
Major players in the mycelium market include Ecovative Design LLC, MycoWorks Inc., Bolt Threads Inc., MycoTechnology Inc., Grown Bio BV, Mogu S.r.l., and others. These companies play a critical role in the market’s dynamics.

What are the Emerging Trends in the Mycelium Market?
Emerging trends in the mycelium market include the use of technological solutions. Major companies in this market have invested in technical solutions to reinforce their market position. For instance, in January 2022, Ecovative LLP, a US-based mycelium technology company, released Forager to create fungi-based foams and covers for the fashion and automobile markets.

Which is the Largest Regional Market for Mycelium?
North America held the dominant share in the mycelium market in 2024, followed by regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.

What Does The Mycelium Market Report 2025 Offer?
Mycelium, the vegetative stage and type of fungus that forms a network of thread-like structures called hyphae, plays a crucial role in decomposing organic matter and ecosystem nutrient cycling. The Mycelium Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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