The global mycelium market is projected to reach $3.84 billion in terms of revenue by 2026 at a CAGR of 7.7%, reveals the premium market intelligence study by BIS Research.
Mycelium has a solid fibrous structure that can be utilized to produce materials such as clothing, food, construction, and packaging. It can be used to prepare materials such as leather, edible plant-based steak, and serve as an alternative to plastics.
The growth in the global mycelium market is expected to be driven by the increasing ongoing trend of sustainable and circular economy practices. Ban on Styrofoam and polystyrene products and mycelium’s wide range of applications, such as food and beverage, clothing and apparel, packaging, and construction, are further expected to boost the global mycelium market.
The detailed study is a compilation of 107 market data tables and 35 figures spread through 193 pages and in-depth TOC on “Global Mycelium Market– Analysis and Forecast, 2020-2026”
USP of the Report
This extensive report can help with:
- Extensive competitive benchmarking of the top 20 players (including food and beverage, packaging, clothing and apparel, animal feed, and miscellaneous) has been done to offer a holistic view of the global mycelium market landscape.
- Market ranking analysis based on product portfolio, recent developments, and regional spread.
- Investment landscape including product adoption scenario, funding, and patent analysis.
Analyst’s Take on the Market:
According to Rakhi Tanwar, Principal Analyst, BIS Research, “The mycelium market is expected to be a great replacement of animal-based and non-biodegradable products. Through a better adoption of these eco-friendly mycelium-based products and materials, the consumers’ demand for veganism can be met, thereby contributing to the circular economy”
View the report from BIS Research on Global Mycelium Market
Key Companies Operating in the Market and Competition Landscape
The companies that are profiled have been selected based on inputs gathered from primary experts, and analyzing company coverage, product portfolio, market penetration.
The top segment players which are leading include mycelium-based food & beverage manufacturers, that capture around 55% of the presence in the market. Players in other industries such as clothing and apparel, packaging, and animal feed, among others account for approximately 45% of the presence in the market.
Some of the prominent names established in this market are:
Company Type 1: Food and Beverage Industry
• Chinova Bioworks
• Meati Inc.
• Monaghan Group
• MycoTechnology, Inc.
• Nature’s Fynd
• PRIME ROOTS
Company Type 2: Packaging Industry
• Magical Mushroom Company
• Mushroom Material
Company Type 3: Clothing and Apparel Industry
• Bolt Threads
• Mycotech Lab
Company Type 4: Miscellaneous
• Ecovative LLC
• Groundwork BioAg
Companies that are not a part of the above-mentioned pool have been well represented across different sections of the report (wherever applicable).
Key Questions Answered in the Report:
- What is mycelium?
- What are the key trends in the mycelium?
- What kind of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
- For a new company looking to enter the mycelium market, which areas could it focus upon to stay ahead of the competition?
- What is the USP of this report?
- Who should buy this report?
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About BIS Research:
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