According to a recent report by Straits Research, the global mycelium market size was valued at USD 3.36 billion in 2024 and is projected to grow from USD 3.65 billion in 2025 to USD 7.01 billion by 2033, expanding at a CAGR of 8.5% (2025–2033).

Mycelium, the root-like structure of fungi, is emerging as a revolutionary material across industries ranging from food and beverages to construction, packaging, textiles, and healthcare. Known for being sustainable, biodegradable, lightweight, and versatile, mycelium is increasingly being adopted as consumers and businesses shift toward eco-friendly solutions.

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Market Growth Drivers

  • Rising demand for natural & organic ingredients: The food and beverage industry is witnessing strong adoption of mycelium due to its nutritional benefits and its role in developing plant-based alternatives.
  • Eco-friendly packaging & construction: With governments and corporations pushing for net-zero emissions, mycelium-based packaging is replacing plastics and styrofoam, while in construction it is being tested for insulation and lightweight materials.
  • Vegan leather in fashion: Luxury brands and startups are turning to mycelium-based leather as a sustainable substitute for animal-derived leather, offering similar texture and durability.
  • Healthcare innovations: Mycelium is being researched for its antimicrobial and regenerative properties, opening doors in pharmaceuticals and skincare.

Regional Insights

  • Europe dominates the global mycelium market, supported by strong R&D, sustainable regulations, and adoption in food, packaging, and fashion industries. Companies like IKEA have already integrated mycelium packaging solutions.
  • North America ranks second, driven by rising consumer demand for clean-label, natural ingredients, especially in the food and beverage sector.
  • Asia-Pacific (APAC) is emerging as a growth hub, with expanding agriculture, packaging, and consumer goods industries fueling adoption.

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Market Segmentation

  • By Form: Solid Mycelium, Liquid Mycelium, Pre-Formed Products
  • By Distribution Channel: Online Retail, Offline Retail
  • By End-Use: Consumer Goods, Food & Beverage, Construction, Healthcare & Pharmaceuticals, Agriculture, Others

Key Market Players

  • Ecovative Design LLC
  • MycoWorks
  • Atlast Food Co.
  • Meati Foods
  • Bolt Threads Inc.
  • Mogu
  • Nature’s Fynd
  • Prime Roots

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About Straits Research

Straits Research is a leading market intelligence and consulting firm providing actionable insights and market forecasts across diverse industries. Our reports are trusted by Fortune 500 companies, startups, and industry leaders worldwide.