Mycelium Market Report 2025

The mycelium market size has grown strongly in recent years. It will 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 market acceptance and awareness, regulatory environment, research and development (R&D) advances, collaborations and partnerships, competitive landscape.

The mycelium market size is expected to see strong growth in the next few years. It will grow to $4.67 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to market expansion and global reach, regulatory developments, innovation in product applications, scaling production capacities, consumer education and awareness. Major trends in the forecast period include biodegradable packaging, construction materials, textile industry disruption, alternative protein source, medicinal applications.

The growing demand from end users, particularly within the food industry, is expected to drive the growth of the mycelium market in the coming years. The food industry encompasses all businesses involved in the processing, packaging, and distribution of raw food products. Mycelium is increasingly utilized in various food items due to its ability to produce natural flavors, aligning with consumer preferences for natural and sustainable alternatives to synthetic flavorings. For instance, data from the U.S. Department of Agriculture, as reported by the Economic Research Service, indicated that in 2022, households dedicated 12.8% of their spending to food, a slight increase from 12.4% in 2021. Consequently, the rising demand from end users, especially in the food and beverage sector, is fueling the expansion of the mycelium market.

The expanding packaging industry is poised to drive substantial growth in the mycelium market. This sector deals with designing, producing, and distributing packaging materials and solutions for product containment, protection, and presentation to consumers. Mycelium, a biodegradable material derived from fungi, resonates with sustainability trends and consumer preferences for eco-friendly packaging. In Germany, the food processing and packaging machinery industry generated €14.8 billion in revenue in 2021, a 7% increase from 2020. Regulatory pressures, corporate sustainability goals, and advancements in mycelium technology are driving its adoption. Its minimal environmental impact and collaborations between mycelium developers and packaging firms further accelerate its integration into mainstream packaging practices.

Embracing technological solutions emerges as a prominent trend in the mycelium market. Leading companies in this sector prioritize technological innovations to solidify their market standing. For instance, Ecovative LLP launched Forager in January 2022, utilizing AirMycelium technology to create fungi-based foams and covers for industries such as fashion and automobiles. Forager provides scalable production of pure mycelium material, offering customizable properties such as density, tensile strength, texture, and form. Its foams and hides cater to varied thicknesses, textures, and finishes, aligning with the high standards of the fashion and garment sectors while boasting biodegradability and minimal environmental impact.

Major companies in the mycelium market are spearheading the development of new skincare products, particularly skin brightening serums, to fortify their market position. Skin brightening serums target issues such as uneven skin tone, dullness, and hyperpigmentation. For instance, Shroom Skincare introduced the Mycelium Glow Brightening Serum in January 2023, incorporating a blend of mushroom extracts and vitamin C for naturally radiant skin. The serum features extracts such as Maitake, Chaga, Reishi, and Cordyceps Sinensis, delivering antioxidant-rich benefits. It combines these with vitamin C and various oils to provide comprehensive environmental defense. Prioritizing sustainability, Shroom Skincare sources ingredients responsibly and ensures its serum is free from harmful elements such as parabens, formaldehyde, and sulfates.

In December 2022, Ecovative, a materials science company based in the U.S., acquired Lambert Spawn Europa B.V. for an undisclosed sum. This acquisition is intended to bolster Ecovative's vertical integration by securing a critical source of mushroom substrate, thereby facilitating its rapid international expansion. Lambert Spawn Europa B.V., located in the Netherlands, specializes in producing high-quality mushroom spawn for commercial mushroom growers and supplying mycelium.

Major companies operating in the mycelium market include Ecovative Design LLC, MycoWorks Inc., Bolt Threads Inc., MycoTechnology Inc., Grown Bio BV, Mogu S.r.l., Mushroom Material LLC, Mycelia BVBA, Atlast Food Co., Biohm, Reishiworks LLC, Mycelium Materials Europe, Circular Systems S.P.C., BioFab LLC, Krown Design, NEFFA BV, Fungi Perfecti LLC, Ecovative LLC, Mycotech Lab, BioMason, BioZatec GmbH, Ecovative Design Holdings Inc., Mycelium Leather GmbH, Dellaterra LLC, KAIROS Biotech, Ecovative Design Corporation, Mycelia NV, Re-Mycelium, MycoFutures LLC, MushLabs.

North America was the largest region in the mycelium market in 2024. The regions covered in the mycelium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mycelium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Mycelium is the vegetative stage of fungi, characterized by a network of thread-such as structures known as hyphae. It plays a critical role in breaking down organic matter and facilitating nutrient cycling in ecosystems.

The primary product types derived from mycelium include pre-formed products, powders, capsules, tablets, and other related forms. Powdered mycelium refers to finely ground substances obtained from mycelium that can be easily incorporated into food products. It can be dried and processed into a powdered form, often used as food additives or in various applications. Mycelium-derived products, in their diverse nature be it raw or processed. These include applications across multiple industries including food and beverage, packaging, clothing and apparel, animal feed, and various other sectors.

The mycelium market research report is one of a series of new reports that provides mycelium market statistics, including mycelium industry global market size, regional shares, competitors with a mycelium market share, detailed mycelium market segments, market trends, and opportunities, and any further data you may need to thrive in the mycelium industry. This mycelium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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