The Mycelium Global Market Report 2023, provides comprehensive information on the mycelium market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global mycelium market size is expected to grow from $2.61 billion in 2022 to $2.86 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mycelium market size is expected to reach $3.95 billion in 2027 at a CAGR of 8.4%.
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The utilization of technological solutions is a popular trend in the mycelium market. Major companies operating in the mycelium market focus on technical solutions to reinforce their position in the market. 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. Forager includes proprietary AirMyceliumTM technology to generate sheets of pure mycelium material on a commercial scale, with the ability to fine-tune density, form, tensile strength, texture, and other properties. Forager™ foams and Hides are available in various thicknesses, textures, and finishes. Each component is adjusted for its final application, produced at scale, and biodegradable after its use, meeting the highest standards of the fashion and garment sectors. The in-hand sensation provides a great alternative to animal or plastic-based materials while minimizing environmental effects.
The mycelium market is segmented:
1) By Product Type: Pre-Formed Product, Powder, Capsules, Tablets, Other Product Types
2) By Nature: Raw, Processed
3) By Application: Food And Beverage, Packaging, Clothing And Apparel, Animal Feed, Other Applications
North America was the largest region in the mycelium market in 2022.
The table of contents in TBRC’s mycelium market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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