Mycelium Market
Mycelium Market Share & Trends Analysis, By Nature (Organic, Conventional), By Form (Pre-formed, Powder, Capsules), By Application (Animal Feed Industry, Food & Beverage Industry) & By Region - Global Insights 2022 to 2032
Analysis of Mycelium Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Mycelium Market Outlook (2022 to 2032)
Mycelium is the vegetative part of fungus which consists of branch mass and hyphae, which is a thread-like structure. These are the fungal colonies found in soil and within many other substrates. The increasing demand for natural ingredients and flavors in the food industry is likely to surge the demand for mycelium, which in turn will boost the overall market. Huge investments are made in attractive technology solutions for the fast production of flavored mycelium, instead of fermentation through the traditional, time-consuming, and labor-intensive methods.
Mycelium is a fungi-like organism that serves many benefits to the whole ecosystem. The mycelium can be found in single-celled as well as multiple-celled organisms like yeast and mushrooms. This plays an essential role in the decomposition process. Mycelium is a source of food for various herbivorous mammals and constitutes a large part of their diet. Mycelium and its by-products are used to produce leather which is used to manufacture many products.
The worldwide mycelium arcade is valued at USD 2.76 Billion in 2022. The market is expected to surpass the valuation of USD 5.85 Billion by end of 2032. The arcade is likely to expand with a CAGR of 7.80% in the forecast duration.
Report Attributes |
Details |
|---|---|
|
Market size (2022 A) |
USD 2.76 Billion |
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Base Year for Estimation |
2022 |
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Forecast duration for this research |
2022-2032 |
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Forecasted Market value (2032 F) |
USD 5.85 Billion |
|
Global Market Growth rate (2022-2032 E) |
CAGR of 7.80% |
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Key Companies Profiled |
|
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What driving market growth in mycelium?
The rapidly growing urbanization and increasing awareness among consumers about health and well-being increase the demand for natural flavors such as mycelium, which in turn surges the overall volume of demand in the global market. The incorporation of more flavors to enhance the palatability of the food enhances the market for mycelium globally.
The increasing emphasis provided on the unique taste in processed food and beverages is the major factor that drives the global mycelium market. Furthermore, the rising inclination towards organic and natural ingredients and flavors in food products is also likely to infuse the global market for this product. The increasing demand for extended shelf life for foods is another attribute of mycelium, which contributes to the surge in the global mycelium market.
What restraints the growth of the mycelium market?
The major concern hindering the mycelium arcade is its usage as a construction material for the reason it cants support much weight. This is used in concrete and insulation material for walls. With time the mycelium loses its resistance to water and may be subject to humidity. Additionally, mycelium is not readily available in the abandoned amount which may deter the demand-supply of product in the forecast period. The loss of strength after long exposure to moisture may hinder the usage of mycelium in packaging applications.
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Impact of covid-19 on mycelium products
The mycelium products are not commercialized there was less impact of the covid-19 pandemic on the product and its production overall. The rise in the trend of veganism is anticipated to have a positive impact on the mycelium market in the upcoming period. Mycelium contains medicinal properties and has low calories which are effective as an immunity booster. As a result, the consumption and demand for this product are likely to increase during the post-pandemic period.
Regional Outlook
North America is the dominating region in the mycelium market in terms of revenue share. Europe and the Asia-Pacific region follow North America in the market. The growing demand for natural-based products and the growing food and beverage industry majorly drive the increasing consumption of mycelium in these regions.
Moreover, health-conscious consumers also lead to a growing demand for mycelium globally. Primarily North American Market is paying keen attention to clean labels and their benefits, thus aiding the manufacturing of natural-made food flavors like mycelium. Regions like Europe and Asia-Pacific have focused on massive investments in the research and development of various production methods of mycelium, which are less labor-intensive and time-consuming.
“High fragmentation in the Mycelium market players gives room for innovation in the market”
The major players in the mycelium arcade are using various internal and external strategies to increase their footprint in the global market. Some of the players in the mycelium industry include Ecovative, Guerlain Cooperative, Mycelia BVBA, KingHerbs Limited, and Changsha Botaniex Inc. among others.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segment wise Insights
The Mycelium market can be segmented on nature, form, application, and geography. Based on nature, the global Mycelium market can be segmented into organic and conventional. Based on form, the global Mycelium market can be segmented into powder, capsules, tablets, and others.
Based on the application, the global mycelium market can be classified into the animal feed industry, food & beverage industry, and bakery & confectionary. The global Mycelium market can be divided into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
On the basis of form, the pre-formed segment dominates the market share owing to the increasing popularity in the food industry and packaging. After the performed segment the powder form remains the second highest in market share.
In terms of application, the market is divided into four industries majorly as food and beverage, packaging, and animal feed sector. The high value of nutrition present in the mycelium is increasing the applicability of this product to various applications.
Competitive landscape
The market players in the industry engaged in partnerships to gain a strategic position. The market is consistently growing in terms of players and innovation. The players are identifying key market trends and future patterns related to the application of products.
Some of the players are investing in research and development to gain a dominant share. Mergers and joint ventures often opt for ways for the geographical expansion of business. The rising tendency for natural ingredients and dynamic urbanization is driving major players in the industry.
Segmentation: Mycelium Market
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Based on Nature :
- Organic
- Conventional
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Based on Form :
- Powder
- Pre-formed
- Capsules
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Based on Application :
- Animal feed Industry
- Food and Beverage industry
- Others
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Based on Region :
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Argentina
- Chile
- Peru,
- Rest of Latin America
- Europe
- Germany
- Italy
- France
- U.K
- Spain
- BENELUX
- Nordics
- Eastern Europe
- Rest of Europe
- East Asia
- Japan
- China
- South Korea
- South Asia
- India
- Thailand
- Malaysia
- Indonesia
- Philippines
- Rest of South Asia
- Oceania
- Australia
- New Zealand
- The Middle East and Africa
- GCC Countries
- South Africa
- Turkey
- Iran
- Israel
- Rest of MEA
- North America
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Nature 6.2. Form 6.3. Application 7. Global Market Analysis and Forecast, By Nature 7.1. Organic 7.2. Conventional 8. Global Market Analysis and Forecast, By Form 8.1. Powder 8.2. Pre-formed 8.3. Capsules 9. Global Market Analysis and Forecast, By Application 9.1. Animal feed Industry 9.2. Food and Beverage industry 9.3. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. MEA 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. MEA Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Nature, Form, and Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Ecovative 20.2. Gurelan Cooperative 20.3. Mycelia BVBA 20.4. KingHerbs Limited 20.5. Changsha Botaniex Inc
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List Of Table
Table 1: Global Market US$ Bn Forecast by Region
Table 2: Global Market US$ Bn Forecast by Nature
Table 3: Global Market US$ Bn Forecast by Form
Table 4: Global Market US$ Bn Forecast by Application
Table 5: North America Market US$ Bn Forecast by Country
Table 6: North America Market US$ Bn Forecast by Nature
Table 7: North America Market US$ Bn Forecast by Form
Table 8: North America Market US$ Bn Forecast by Application
Table 9: Latin America Market US$ Bn Forecast by Country
Table 10: Latin America Market US$ Bn Forecast by Nature
Table 11: Latin America Market US$ Bn Forecast by Form
Table 12: Latin America Market US$ Bn Forecast by Application
Table 13: Western Europe Market US$ Bn Forecast by Country
Table 14: Western Europe Market US$ Bn Forecast by Nature
Table 15: Western Europe Market US$ Bn Forecast by Form
Table 16: Western Europe Market US$ Bn Forecast by Application
Table 17: Eastern Europe Market US$ Bn Forecast by Country
Table 18: Eastern Europe Market US$ Bn Forecast by Nature
Table 19: Eastern Europe Market US$ Bn Forecast by Form
Table 20: Eastern Europe Market US$ Bn Forecast by Application
Table 21: East Asia Market US$ Bn Forecast by Country
Table 22: East Asia Market US$ Bn Forecast by Nature
Table 23: East Asia Market US$ Bn Forecast by Form
Table 24: East Asia Market US$ Bn Forecast by Application
Table 25: South Asia & Pacific Market US$ Bn Forecast by Country
Table 26: South Asia & Pacific Market US$ Bn Forecast by Nature
Table 27: South Asia & Pacific Market US$ Bn Forecast by Form
Table 28: South Asia & Pacific Market US$ Bn Forecast by Application
Table 29: MEA Market US$ Bn Forecast by Country
Table 30: MEA Market US$ Bn Forecast by Nature
Table 31: MEA Market US$ Bn Forecast by Form
Table 32: MEA Market US$ Bn Forecast by Application
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Insights on import/export production,
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Form
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Form
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Form
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Form
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Form
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Form
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Form
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Nature
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Form
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How fast the mycelium market will rise in the preferred time frame?
The market is expected to surpass the valuation of USD 5.85 Billion by end of 2032.
What is the anticipated growth rate for the mycelium product?
The arcade is likely to expand with a CAGR of 7.80% in the forecast duration.
What is the current market outlook?
The worldwide mycelium arcade is valued at USD 2.76 Billion in 2022.
Who are the prominent players in the market?
The key players in the market are- • Ecovative • Gurelan Cooperative • Mycelia BVBA • KingHerbs Limited • Changsha Botaniex Inc.
What are the major uses of mycelium products?
Mycelium is used as nutrition in food and adhesive in the construction and packaging industry.
Mycelium Market