Mycelium Market Report 2026

The mycelium market size has grown strongly in recent years. It will grow from $3.39 billion in 2025 to $3.65 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to advancements in fungal cultivation techniques, rising interest in sustainable biomaterials, expansion of alternative protein research, growth of eco-friendly packaging demand, increased availability of controlled cultivation environments.

The mycelium market size is expected to see strong growth in the next few years. It will grow to $5.06 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing investments in bio-based materials, rising demand for biodegradable packaging, expansion of plant-based food alternatives, growing use of mycelium in textiles and composites, increasing commercialization of fungal biotechnology. Major trends in the forecast period include increasing use of mycelium-based sustainable materials, rising adoption of mycelium in food applications, growing development of mycelium packaging solutions, expansion of functional mycelium products, enhanced focus on scalable mycelium processing.

The increasing demand from end users, particularly in the food industry, is expected to drive the growth of the mycelium market going forward. The food industry encompasses businesses involved in the processing, packaging, and distribution of food products. Mycelium is used in various food applications to produce natural flavors, meeting the growing consumer preference for natural and sustainable alternatives to synthetic ingredients. For instance, in December 2024, according to FoodNavigator, a UK-based B2B digital media platform, total consumer-packaged-goods (CPG) store-sales volumes for food and beverages rose 1.1% in 2024, marking the first increase in three years. Therefore, increasing demand from the food and beverage sector is fueling the mycelium market.

Major companies in the mycelium market are developing new skincare products, such as skin brightening serums, to maintain a competitive position. Skin brightening serums are designed to address uneven skin tone, dullness, and hyperpigmentation. For example, in January 2023, Shroom Skincare, a US-based company, launched the Mycelium Glow Brightening Serum, featuring a blend of mushroom extracts to promote naturally radiant and healthy skin. The serum combines Maitake, Chaga, Reishi, and Cordyceps Sinensis extracts with vitamin C to provide antioxidant-rich benefits. Chaga protects cells from free radicals, Cordyceps supports even skin tone and collagen preservation, Maitake offers anti-inflammatory and antioxidant properties, and Reishi delivers beta-glucans for calming and hydrating effects. Additional ingredients like vitamin C, jojoba seed oil, Kalahari melon oil, rosehip oil, olive oil, and vitamin E further protect against environmental damage. Shroom Skincare emphasizes sustainability, sourcing ingredients responsibly and formulating the serum free from parabens, formaldehyde, and sulfates.

In August 2024, Naplasol, a Belgium-based provider of fermentation-derived protein ingredients for the food, pet food, and feed industries, acquired Mycorena AB for an undisclosed amount. Through this acquisition, Naplasol aims to enhance its sustainable protein portfolio by integrating Mycorena’s fungal-mycelium technology, enabling large-scale production of Mycorena’s flagship protein and strengthening its position in the growing alternative-protein market. Mycorena AB is a Sweden-based company specializing in mycelium-based products.

Major companies operating in the mycelium market are Ecovative Design LLC, MycoWorks Inc., Bolt Threads Inc., MycoTechnology Inc., Grown Bio BV, Mogu S.r.l., Mushroom Material LLC, Atlast Food Co., Biohm, Mycelium Leather GmbH, MushLabs, Mycotech Lab, Reishiworks LLC, Fungi Perfecti LLC, Mycelia NV, BioZatec GmbH, KAIROS Biotech, Dellaterra LLC, Re-Mycelium, MycoFutures LLC.

North America was the largest region in the mycelium market in 2025. The regions covered in the mycelium market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the mycelium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The mycelium market consists of sales of mycelium and mycelium-based products, such as natural flavors, textiles, and packaging. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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