The global mycelium market is at an early stage of adoption as the products made from mycelia are not yet commercialized and are still being developed in the lab stage. The mycelium market is at an initial development stage wherein the startup companies require funding from the investors to build a solid foundation for their ongoing developments.
The global mycelium market was valued at $2.48 billion in 2020 and is anticipated to grow with a CAGR of 7.7% and reach $3.84 billion by 2026. The growth in the demand for mycelium is expected to be driven by the increasing ongoing trend of adopting sustainable and circular economy practices. Mycelium is a highly nutritious product and can be customized and processed to derive a variety of products; Among various end users, the food and beverage industry is dominating the global mycelium market.
The global mycelium market is at an early stage of adoption as the products made from mycelia are not yet commercialized and are still being developed in the lab stage. The mycelium market is at an initial development stage wherein the startup companies require funding from the investors to build a solid foundation for their ongoing developments.
The global mycelium market was valued at $2.48 billion in 2020 and is anticipated to grow with a CAGR of 7.7% and reach $3.84 billion by 2026. The growth in the demand for mycelium is expected to be driven by the increasing ongoing trend of adopting sustainable and circular economy practices. Mycelium is a highly nutritious product and can be customized and processed to derive a variety of products; Among various end users, the food and beverage industry is dominating the global mycelium market.