August 2025 — According to a new report by Straits Research, the global mycelium market size was valued at USD 3.36 billion in 2024. The market is expected to grow from USD 3.65 billion in 2025 to USD 7.01 billion by 2033, registering a compound annual growth rate (CAGR) of 8.5 percent during the forecast period (2025–2033).
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Market Overview
Mycelium, the vegetative root-like structure of fungi, is increasingly gaining attention as a sustainable alternative across multiple industries. It is widely known for its ability to form large fungal networks, with applications ranging from food and beverages to construction, textiles, packaging, and healthcare.
The material is lightweight, fire-resistant, and environmentally friendly, which makes it suitable for developing eco-conscious building materials, plant-based leather alternatives, and biodegradable packaging solutions. In the food industry, mycelium is being used to produce meat substitutes and natural flavor enhancers, aligning with consumer preferences for healthier, plant-based diets.
The market remains in its early growth stages but is receiving strong momentum from research and development efforts and rising investments in biotechnology. As consumer demand for sustainable products increases, mycelium-based goods are expected to gain significant traction globally.
Market Growth Drivers
- Rising adoption of sustainable and plant-based alternatives in food and fashion.
- Growing consumer preference for organic flavors and natural ingredients.
- Expanding use of mycelium in construction, packaging, and pharmaceuticals.
- Advancements in biotechnology and large-scale production methods.
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Market Restraints
Despite its potential, mycelium-based products face challenges such as limited durability in construction, vulnerability to moisture, and higher production costs compared to conventional alternatives. Raw material availability and scalability issues also restrict widespread adoption.
Market Opportunities
Increasing investment in research and development presents a major opportunity. Companies are exploring innovations in mycelium-based textiles, packaging, and food technologies. The transition to sustainable materials across industries, combined with supportive government initiatives, is expected to unlock new growth avenues.
Market Segmentation
By Form (2021–2033)
- Solid Mycelium
- Liquid Mycelium
- Pre-Formed Product
By Distribution Channel (2021–2033)
- Online Retail
- Offline Retail
By End-Use (2021–2033)
- Consumer Goods
- Food and Beverage
- Construction
- Healthcare and Pharmaceuticals
- Agriculture
- Others
By Region (2021–2033)
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
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Regional Insights
Europe dominates the global market due to strong R&D capabilities, government support for sustainability, and adoption of mycelium-based packaging and textiles. Companies in the region are leading the transition toward eco-friendly consumer products.
North America ranks second, driven by consumer interest in natural and organic food ingredients and the rapid expansion of plant-based meat alternatives. Investments in clean-label food products further boost growth.
Asia-Pacific is an emerging market, supported by expanding agricultural applications, growing food demand, and increasing awareness of sustainable materials.
Key Market Players
Leading companies operating in the global mycelium market include:
- Ecovative Design LLC
- MycoWorks
- Atlast Food Co.
- Meati Foods
- Bolt Threads Inc.
- Mogu
- Mycelia
- MycoComp
- Biomyc
- Kingdom Supercultures
- Nature’s Fynd
- Prime Roots
- Four Sigmatic
These companies are investing in advanced R&D, strategic partnerships, and production expansion to strengthen their market presence.
Recent Industry Developments
- In January 2022, Ecovative launched its Forager division to develop vegan, plastic-free leather alternatives for the fashion and automotive industries.
- In November 2021, the Magical Mushroom Company opened new facilities in Bulgaria and Italy, increasing annual production capacity to nearly six million units.
- In April 2021, Atlast announced plans to build the largest mycelium farm in the United States to scale up meat substitute production.
- In March 2021, MycoWorks partnered with Hermès to create a luxury handbag using mycelium-based leather, marking a breakthrough in sustainable fashion.
Frequently Asked Questions
What is the current size of the mycelium market?
The global mycelium market was valued at USD 3.36 billion in 2024 and is projected to reach USD 7.01 billion by 2033.
Which industries are driving mycelium demand?
Key industries include food and beverage, packaging, fashion and apparel, construction, and healthcare.
Which region leads the mycelium market?
Europe is the leading market, supported by advanced research and high consumer adoption of sustainable products.
What are the key restraints of the mycelium market?
Moisture sensitivity, limited scalability, and higher production costs remain significant challenges.
Who are the major players in the market?
Companies such as Ecovative Design, MycoWorks, Atlast Food, Meati Foods, and Bolt Threads are among the leading players.
About Straits Research
Straits Research is a leading global market intelligence and consulting firm that provides actionable insights across diverse industries. The company specializes in delivering detailed market reports, data-driven forecasts, and strategic consulting to help businesses make informed decisions. Its research methodology combines expert analysis, data modeling, and industry interviews to produce reliable insights.
