Mycelium Market Analysis and Forecast, 2020-2026

Market Research Report

A quick peek into the report

1.1   Industry Outlook
1.1.1   Market Definition
1.1.2   Trends
1.1.2.1   Eco-Friendly Alternative
1.1.2.2   Transition to Bio-Based Circular Economy
1.1.2.3   Supporting Government Regulations Leading to Improved R&D of Mycelium-Based Applications
1.1.2.4   Mycelium Based Organo-Electronics
1.1.3   Value Chain Analysis
1.1.3.1   Input Provision
1.1.3.2   Homogenization
1.1.3.3   Sterilization
1.1.3.4   Inoculation and Growth
1.1.3.5   Dehydration
1.1.4   Government Initiatives and Regulatory Landscape
1.2   Business Dynamics
1.2.1   Business Drivers
1.2.1.1   Ongoing Trend of Sustainable Practices and Circular Economy
1.2.1.2   Styrofoam and Polystyrene Ban in Various Nations
1.2.1.3   Shift in Consumer Behavior and Preference
1.2.1.4   Wide Range of Applications
1.2.1.5   Low Investment, High-Return Business
1.2.2   Business Challenges
1.2.2.1   Low Commercialization of Mycelium Products
1.2.2.2   Availability of Various Alternatives
1.2.2.3   Labor Intensive Business
1.2.3   Business Strategies
1.2.3.1   Product Development and Innovation
1.2.3.2   Market Developments
1.2.3.3   Other Strategies
1.2.4   Corporate Strategies
1.2.4.1   Partnerships, Collaborations, and Joint Ventures
1.2.5   Business Opportunities
1.2.5.1   Increasing Investments in R&D of Mycelium
1.2.5.2   Adoption of Mycelium in Pharmaceutical and Skin Care Industry
1.2.5.3   Customizable Material Properties of Mycelium
1.2.6   Impact of COVID-19 on the Global Mycelium Market
1.3   Investment Landscape
1.3.1   Product Adoption Scenario
1.3.2   Funding Analysis
1.3.2.1   Major Investors
1.3.2.2   Top Investments

2.1   Global Mycelium Market (by Application)
2.1.1   Food and Beverage Industry
2.1.2   Packaging Industry
2.1.3   Clothing and Apparel Industry
2.1.4   Animal Feed Industry
2.1.5   Others
2.2   Demand Analysis of Global Mycelium Market (by Application)

3.1   Global Mycelium Market (by Nature)
3.1.1   Raw
3.1.2   Processed
3.2   Demand Analysis of the Global Mycelium Market (by Nature)
3.3   Global Mycelium Market (by Form)
3.3.1   Pre-Formed Product
3.3.2   Powder
3.3.3   Tablet and Capsule
3.4   Demand Analysis of the Global Mycelium Market (by Form)
3.5   Patent Analysis
3.5.1   Patent Analysis (by Status)
3.5.2   Patents Analysis (by Patent Office)

4.1   Global Mycelium Outlook
4.1.1   Global Mushroom Production
4.1.2   Polystyrene Ban by Countries
4.2   North America
4.2.1   Market
4.2.1.1   Business Challenges
4.2.1.2   Business Drivers
4.2.2   Application
4.2.2.1   North America Mycelium Market (by Application), $Million, 2020-2026
4.2.3   Product
4.2.3.1   North America Mycelium Market (by Product), $Million, 2020-2026
4.2.3.1.1   North America Mycelium Market (by Nature), $Million, 2020-2026
4.2.3.1.2   North America Mycelium Market (by Form), $Million, 2020-2026
4.2.4   Country
4.2.4.1   North America Mycelium Market (by Country), $Million, 2020-2026
4.2.4.2   U.S.
4.2.4.2.1   Application
4.2.4.2.1.1   U.S. Mycelium Market (by Application), $Million, 2020-2026
4.2.4.2.2   Market
4.2.4.2.2.1   Buyer Attributes
4.2.4.2.2.2   Business Challenges
4.2.4.2.2.3   Business Drivers
4.2.4.3   Canada
4.2.4.3.1   Application
4.2.4.3.1.1   Canada Mycelium Market (by Application), $Million, 2020-2026
4.2.4.3.2   Market
4.2.4.3.2.1   Buyer Attributes
4.2.4.3.2.2   Business Challenges
4.2.4.3.2.3   Business Drivers
4.2.4.4   Mexico
4.2.4.4.1   Application
4.2.4.4.1.1   Mexico Mycelium Market (by Application), $Million, 2020-2026
4.2.4.4.2   Market
4.2.4.4.2.1   Buyer Attributes
4.2.4.4.2.2   Business Challenges
4.2.4.4.2.3   Business Drivers
4.3   Europe
4.3.1   Market
4.3.1.1   Business Challenges
4.3.1.2   Business Drivers
4.3.2   Application
4.3.2.1   Europe Mycelium Market (by Application), $Million, 2020-2026
4.3.3   Product
4.3.3.1   Europe Mycelium Market (by Product), $Million, 2020-2026
4.3.3.1.1   Europe Mycelium Market (by Nature), $Million, 2020-2026
4.3.3.1.2   Europe Mycelium Market (by Form), $Million, 2020-2026
4.3.4   Country
4.3.4.1   Europe Mycelium Market (by Country), $Million, 2020-2026
4.3.4.2   Italy
4.3.4.2.1   Application
4.3.4.2.1.1   Italy Mycelium Market (by Application), $Million, 2020-2026
4.3.4.2.2 Market
4.3.4.2.2.1   Buyer Attributes
4.3.4.2.2.2   Business Challenges
4.3.4.2.2.3   Business Drivers
4.3.4.3   Netherlands
4.3.4.3.1   Application
4.3.4.3.1.1   Netherlands Mycelium Market (by Application), $Million, 2020-2026
4.3.4.3.2   Market
4.3.4.3.2.1   Buyer Attributes
4.3.4.3.2.2   Business Challenges
4.3.4.3.2.3   Business Drivers
4.3.4.4   Poland
4.3.4.4.1   Application
4.3.4.4.1.1   Poland Mycelium Market (by Application), $Million, 2020-2026
4.3.4.4.2   Market
4.3.4.4.2.1   Buyer Attributes
4.3.4.4.2.2   Business Challenges
4.3.4.4.2.3   Business Drivers
4.3.4.5   Spain
4.3.4.5.1   Application
4.3.4.5.1.1   Spain Mycelium Market (by Application), $Million, 2020-2026
4.3.4.5.2   Market
4.3.4.5.2.1   Buyer Attributes
4.3.4.5.2.2   Business Challenges
4.3.4.5.2.3   Business Drivers
4.3.4.6   France
4.3.4.6.1   Application
4.3.4.6.1.1   France Mycelium Market (by Application), $Million, 2020-2026
4.3.4.6.2   Market
4.3.4.6.2.1   Buyer Attributes
4.3.4.6.2.2   Business Challenges
4.3.4.6.2.3   Business Drivers
4.3.4.7   Rest-of-Europe
4.3.4.7.1   Application
4.3.4.7.1.1   Rest-of-Europe Mycelium Market (by Application), $Million, 2020-2026
4.4   China
4.4.1   Market
4.4.1.1   Business Challenges
4.4.1.2   Business Drivers
4.4.2   Application
4.4.2.1   China Mycelium Market (by Application), $Million, 2020-2026
4.4.3   Product
4.4.3.1   China Mycelium Market (by Product), $Million, 2020-2026
4.4.3.1.1.1   China Mycelium Market (by Nature), $Million, 2020-2026
4.4.3.1.2   China Mycelium Market (by Form), $Million, 2020-2026
4.5   Asia-Pacific and Japan
4.5.1   Market
4.5.1.1   Business Challenges
4.5.1.2   Business Drivers
4.5.2   Application
4.5.2.1   Asia-Pacific and Japan Mycelium Market (by Application), $Million, 2020-2026
4.5.3   Product
4.5.3.1   Asia-Pacific and Japan Mycelium Market (by Product), $Million, 2020-2026
4.5.3.1.1   Asia-Pacific and Japan Mycelium Market (by Nature), $Million, 2020-2026
4.5.3.1.2   Asia-Pacific and Japan Mycelium Market (by Form), $Million, 2020-2026
4.5.4   Country
4.5.4.1   Asia-Pacific and Japan Mycelium Market (by Country), $Million, 2020-2026
4.5.4.2   Japan
4.5.4.2.1   Application
4.5.4.2.1.1   Japan Mycelium Market (by Application), $Million, 2020-2026
4.5.4.2.2   Market
4.5.4.2.2.1   Buyer Attributes
4.5.4.2.2.2   Business Challenges
4.5.4.2.2.3   Business Drivers
4.5.4.3   India
4.5.4.3.1   Application
4.5.4.3.1.1   India Mycelium Market (by Application), $Million, 2020-2026
4.5.4.3.2   Market
4.5.4.3.2.1   Buyer Attributes
4.5.4.3.2.2   Business Challenges
4.5.4.3.2.3   Business Drivers
4.5.4.4   South Korea
4.5.4.4.1   Application
4.5.4.4.1.1   South Korea Mycelium Market (by Application), $Million, 2020-2026
4.5.4.4.2   Market
4.5.4.4.2.1   Buyer Attributes
4.5.4.4.2.2   Business Challenges
4.5.4.4.2.3   Business Drivers
4.5.4.5   Australia and New Zealand
4.5.4.5.1   Application
4.5.4.5.1.1   Australia and New Zealand Mycelium Market (by Application), $Million, 2020-2026
4.5.4.5.2   Market
4.5.4.5.2.1   Buyer Attributes
4.5.4.5.2.2   Business Challenges
4.5.4.5.2.3   Business Drivers
4.5.4.6   Indonesia
4.5.4.6.1   Application
4.5.4.6.1.1   Indonesia Mycelium Market (by Application), $Million, 2020-2026
4.5.4.6.2   Market
4.5.4.6.2.1   Buyer Attributes
4.5.4.6.2.2   Business Challenges
4.5.4.6.2.3   Business Drivers
4.5.4.7   Rest-of-Asia-Pacific and Japan
4.5.4.7.1   Application
4.5.4.7.1.1   Rest-of-Asia-Pacific and Japan Mycelium Market (by Application), $Million, 2020-2026
4.6   Rest-of-the-World
4.6.1   Market
4.6.1.1   Business Challenges
4.6.1.2   Business Drivers
4.6.2   Application
4.6.2.1   Rest-of-the-World Mycelium Market (by Application), $Million, 2020-2026
4.6.3   Product
4.6.3.1   Rest-of-the-World Mycelium Market (by Product), $Million, 2020-2026
4.6.3.1.1   Rest-of-the-World Mycelium Market (by Nature), $Million, 2020-2026
4.6.3.1.2   Rest-of-the-World Mycelium Market (by Form), $Million, 2020-2026
4.6.4   Country
4.6.4.1   Rest-of-the-World Mycelium Market (by Country), $Million, 2020-2026
4.6.4.2   Israel
4.6.4.2.1   Market
4.6.4.2.1.1   Buyer Attributes
4.6.4.2.1.2   Business Challenges
4.6.4.2.1.3   Business Drivers
4.6.4.3   Others

5.1   Competitive Benchmarking
5.1.1   Market Ranking Analysis of Global Mycelium Companies
5.2   Company Profiles
5.2.1   Food and Beverage Industry
5.2.1.1   Chinova Bioworks
5.2.1.1.1   Company Overview
5.2.1.1.1.1   Role of Chinova Bioworks in the Global Mycelium Market
5.2.1.1.1.2   Product Portfolio
5.2.1.1.2   Business Strategies
5.2.1.1.2.1   Market Developments
5.2.1.1.2.2   Product Developments
5.2.1.1.3   Corporate Strategies
5.2.1.1.3.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.1.1.4   Strengths and Weaknesses of Chinova Bioworks
5.2.1.2   ENOUGH
5.2.1.2.1   Company Overview
5.2.1.2.1.1   Role of ENOUGH in the Global Mycelium Market
5.2.1.2.1.2   Product Portfolio
5.2.1.2.2   Corporate Strategies
5.2.1.2.2.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.1.2.3   Strengths and Weaknesses of ENOUGH
5.2.1.3   Meati Inc.
5.2.1.3.1   Company Overview
5.2.1.3.1.1   Role of Meati Inc. in the Global Mycelium Market
5.2.1.3.1.2   Product Portfolio
5.2.1.3.2   Business Strategies
5.2.1.3.2.1   Market Developments
5.2.1.3.2.2   Product Developments
5.2.1.3.3   Strengths and Weaknesses of Meati Inc.
5.2.1.4   Monaghan Group
5.2.1.4.1   Company Overview
5.2.1.4.1.1   Role of Monaghan Group in the Global Mycelium Market
5.2.1.4.1.2   Product Portfolio
5.2.1.4.2   Business Strategies
5.2.1.4.2.1   Product Developments
5.2.1.4.3   Corporate Strategies
5.2.1.4.3.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.1.4.4   Strengths and Weaknesses of Monaghan Group
5.2.1.5   MycoTechnology, Inc.
5.2.1.5.1   Company Overview
5.2.1.5.1.1   Role of MycoTechnology, Inc. in the Global Mycelium Market
5.2.1.5.1.2   Product Portfolio
5.2.1.5.2   Corporate Strategies
5.2.1.5.2.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.1.5.3   Strengths and Weaknesses of MycoTechnology, Inc.
5.2.1.6   MyForest Foods Co.
5.2.1.6.1   Company Overview
5.2.1.6.1.1   Role of MyForest Foods Co. in the Global Mycelium Market
5.2.1.6.1.2   Product Portfolio
5.2.1.6.2   Business Strategies
5.2.1.6.2.1   Market Developments
5.2.1.6.2.2   Product Developments
5.2.1.6.3   Corporate Strategies
5.2.1.6.3.1   Partnerships, Collaborations, Joint Ventures, Alliances
5.2.1.6.4   Strengths and Weaknesses of MyForest Foods Co.
5.2.1.8   Nature's Fynd
5.2.1.8.1   Company Overview
5.2.1.8.1.1   Role of Nature’s Fynd in the Global Mycelium Market
5.2.1.8.1.2   Product Portfolio
5.2.1.8.2   Business Strategies
5.2.1.8.2.1   Market Developments
5.2.1.8.3   Strengths and Weaknesses of Nature’s Fynd
5.2.1.9   PRIME ROOTS
5.2.1.9.1   Company Overview
5.2.1.9.1.1   Role of PRIME ROOTS in the Global Mycelium Market
5.2.1.9.1.2   Product Portfolio
5.2.1.9.2   Business Strategies
5.2.1.9.2.1   Market Developments
5.2.1.9.2.2   Product Developments
5.2.1.9.3   Corporate Strategies
5.2.1.9.3.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.1.9.4   Strengths and Weaknesses of PRIME ROOTS
5.2.1.10   Quorn
5.2.1.10.1   Company Overview
5.2.1.10.1.1   Role of Quorn in the Global Mycelium Market
5.2.1.10.1.2   Product Portfolio
5.2.1.10.2   Business Strategies
5.2.1.10.2.1   Market Developments
5.2.1.10.2.2   Product Developments
5.2.1.10.3   Corporate Strategies
5.2.1.10.3.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.1.10.4   Strengths and Weaknesses of Quorn
5.2.2   Packaging Industry
5.2.2.1   Biomyc
5.2.2.1.1   Company Overview
5.2.2.1.1.1   Role of Biomyc in the Global Mycelium Market
5.2.2.1.1.2   Product Portfolio
5.2.2.1.2   Corporate Strategies
5.2.2.1.2.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.2.1.3   Strengths and Weaknesses of Biomyc
5.2.2.2   Magical Mushroom Company
5.2.2.2.1   Company Overview
5.2.2.2.1.1   Role of Magical Mushroom Company in the Global Mycelium Market
5.2.2.2.1.2   Product Portfolio
5.2.2.2.2   Business Strategies
5.2.2.2.2.1   Market Developments
5.2.2.2.3   Strengths and Weaknesses of Magical Mushroom Company
5.2.2.3   Mushroom Material
5.2.2.3.1   Company Overview
5.2.2.3.1.1   Role of Mushroom Material in the Global Mycelium Market
5.2.2.3.1.2   Product Portfolio
5.2.2.3.2   Business Strategies
5.2.2.3.2.1   Market Developments
5.2.2.3.3   Strengths and Weaknesses of Mushroom Material
5.2.3   Clothing and Apparel Industry
5.2.3.1   Bolt Threads
5.2.3.1.1   Company Overview
5.2.3.1.1.1   Role of Bolt Threads in the Global Mycelium Market
5.2.3.1.1.2   Product Portfolio
5.2.3.1.2   Business Strategies
5.2.3.1.2.1   Market Developments
5.2.3.1.3   Corporate Strategies
5.2.3.1.3.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.3.1.4   Strengths and Weaknesses of Bolt Threads
5.2.3.2   Mycotech Lab
5.2.3.2.1   Company Overview
5.2.3.2.1.1   Role of Mycotech Lab in the Global Mycelium Market
5.2.3.2.1.2   Product Portfolio
5.2.3.2.2   Business Strategies
5.2.3.2.2.1   Product Developments
5.2.3.2.3   Strengths and Weaknesses of Mycotech Lab
5.2.3.3   MycoWorks
5.2.3.3.1   Company Overview
5.2.3.3.1.1   Role of MycoWorks in the Global Mycelium Market
5.2.3.3.1.2   Product Portfolio
5.2.3.3.2   Business Strategies
5.2.3.3.2.1   Market Developments
5.2.3.3.2.2   Product Developments
5.2.3.3.3   Corporate Strategies
5.2.3.3.3.1   Partnerships, Collaborations, Joint Ventures, and Alliances
5.2.3.3.4   Strengths and Weaknesses of MycoWorks
5.2.4   Miscellaneous
5.2.4.1   Ecovative LLC
5.2.4.1.1   Company Overview
5.2.4.1.1.1   Role of Ecovative LLC in the Global Mycelium Market
5.2.4.1.1.2   Product Portfolio
5.2.4.1.2   Business Strategies
5.2.4.1.2.1   Market Developments
5.2.4.1.2.2   Product Developments
5.2.4.1.3   Strengths and Weaknesses of Ecovative LLC
5.2.4.2   eniferBio
5.2.4.2.1   Company Overview
5.2.4.2.1.1   Role of eniferBio in the Global Mycelium Market
5.2.4.2.1.2   Product Portfolio
5.2.4.2.2   Corporate Strategies
5.2.4.2.2.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.4.2.3   Strengths and Weaknesses of eniferBio
5.2.4.3   Groundwork BioAg
5.2.4.3.1   Company Overview
5.2.4.3.1.1   Role of Groundwork BioAg in the Global Mycelium Market
5.2.4.3.1.2   Product Portfolio
5.2.4.3.2   Business Strategies
5.2.4.3.2.1   Market Developments
5.2.4.3.2.2   Product Developments
5.2.4.3.3   Corporate Strategies
5.2.4.3.3.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.4.3.4   Strengths and Weaknesses of Groundwork BioAg
5.2.4.4   MOGU
5.2.4.4.1   Company Overview
5.2.4.4.1.1   Role of MOGU in the Global Mycelium Market
5.2.4.4.1.2   Product Portfolio
5.2.4.4.2   Corporate Strategies
5.2.4.4.2.1   Partnerships, Collaborations, Joint Ventures, and Alliances
5.2.4.4.3   Strengths and Weaknesses of MOGU
5.2.4.5   Mycorena
5.2.4.5.1   Company Overview
5.2.4.5.1.1   Role of Mycorena in the Global Mycelium Market
5.2.4.5.1.2   Product Portfolio
5.2.4.5.2   Business Strategies
5.2.4.5.2.1   Market Developments
5.2.4.5.2.2   Product Developments
5.2.4.5.3   Corporate Strategies
5.2.4.5.3.1   Partnerships, Joint Ventures, Collaborations, and Alliances
5.2.4.5.4   Strengths and Weaknesses of Mycorena
5.2.5   List of Other Companies in the Global Mycelium Market
5.2.5.1   Four Sigmatic
5.2.5.1.1   Role of Four Sigmatic in the Global Mycelium Market
5.2.5.2   Forij.co.
5.2.5.2.1   Role of Forij.co. in the Global Mycelium Market
5.2.5.3   FreshCap Mushrooms LTD.
5.2.5.3.1   Role of FreshCap Mushrooms LTD. in the Global Mycelium Market
5.2.5.4   Grown.bio
5.2.5.4.1   Role of Grown.bio in the Global Mycelium Market
5.2.5.5   GURELAN COOPERATIVE
5.2.5.5.1   Role of GURELAN COOPERATIVE in the Global Mycelium Market
5.2.5.6   Innomy Labs
5.2.5.6.1   Role of Innomy Labs in the Global Mycelium Market
5.2.5.7   Life Cykel
5.2.5.7.1   Role of Life Cykel in the Global Mycelium Market
5.2.5.8   Michroma
5.2.5.8.1   Role of Michroma in the Global Mycelium Market
5.2.5.9   Mushlabs GmbH
5.2.5.9.1   Role of Mushlabs GmbH in the Global Mycelium Market
5.2.5.10   MUD/WTR
5.2.5.10.1   Role of MUD/WTR in the Global Mycelium Market
5.2.5.11   Mycelia NV
5.2.5.11.1   Role of Mycelia NV in the Global Mycelium Market
5.2.5.12   Mycovation
5.2.5.12.1   Role of Mycovation in the Global Mycelium Market
5.2.5.13   Norwegian Mycelium AS
5.2.5.13.1   Role of Norwegian Mycelium AS in the Global Mycelium Market
5.2.5.14   Paradise Packaging Co.
5.2.5.14.1   Role of Paradise Packaging Co. in the Global Mycelium Market
5.2.5.15   Scelta Mushrooms
5.2.5.15.1   Role of Scelta Mushrooms in the Global Mycelium Market

6.1   Data Sources
6.1.1   Primary Data Sources
6.1.2   Secondary Data Sources
6.1.3   Data Triangulation
6.2   Market estimation and Forecast
6.2.1   Factors for Data Prediction and Modeling

Table 1:   Globally Recognized Legislations for Mycelium Products
Table 2:   Key Initiatives Directed by Key Countries Across the Globe
Table 3:   Top Investors in Key Mycelium Companies
Table 4:   Major Investments in Key Mycelium Companies
Table 5:   Food and Beverage Companies and Their Innovations in the Global Mycelium Market
Table 6:   Major Companies and Their Developments in the Mycelium Packaging Solutions
Table 7:   Major Fashion Brands and Their Developments in the Global Mycelium Market
Table 8:   Miscellaneous Applications of Mycelium and Manufacturing Companies
Table 9:   Global Mycelium Market (by Application), $Million, 2020-2026
Table 10:   Global Mycelium Market (by Nature), $Million, 2020-2026
Table 11:   Global Mycelium Market (by Form), $Million, 2020-2026
Table 12:   Global Mycelium Market (by Region), $Million, 2020-2026
Table 13:   Major Mycelium Product Providers (by Region)
Table 14:   Polystyrene Ban Across Major Countries, 2017-2022
Table 15:   North America Mycelium Market (by Application), $Million, 2020-2026
Table 16:   North America Mycelium Market (by Nature), $Million, 2020-2026
Table 17:   North America Mycelium Market (by Form), $Million, 2020-2026
Table 18:   North America Mycelium Market (by Country), $Million, 2020-2026
Table 19:   U.S. Mycelium Market (by Application), $Million, 2020-2026
Table 20:   Canada Mycelium Market (by Application), $Million, 2020-2026
Table 21:   Mexico Mycelium Market (by Application), $Million, 2020-2026
Table 22:   Europe Mycelium Market (by Application), $Million, 2020-2026
Table 23:   Europe Mycelium Market (by Nature), $Million, 2020-2026
Table 24:   Europe Mycelium Market (by Form), $Million, 2020-2026
Table 25:   Europe Mycelium Market (by Country), $Million, 2020-2026
Table 26:   Italy Mycelium Market (by Application), $Million, 2020-2026
Table 27:   Netherlands Mycelium Market (by Application), $Million, 2020-2026
Table 28:   Poland Mycelium Market (by Application), $Million, 2020-2026
Table 29:   Spain Mycelium Market (by Application), $Million, 2020-2026
Table 30:   France Mycelium Market (by Application), $Million, 2020-2026
Table 31:   Rest-of-Europe Mycelium Market (by Application), $Million, 2020-2026
Table 32:   China Mycelium Market (by Application), $Million, 2020-2026
Table 33:   China Mycelium Market (by Nature), $Million, 2020-2026
Table 34:   China Mycelium Market (by Form), $Million, 2020-2026
Table 35:   Asia-Pacific and Japan Mycelium Market (by Application), $Million, 2020-2026
Table 36:   Asia-Pacific and Japan Mycelium Market (by Nature), $Million, 2020-2026
Table 37:   Asia-Pacific and Japan Mycelium Market (by Form), $Million, 2020-2026
Table 38:   Asia-Pacific and Japan Mycelium Market (by Country), $Million, 2020-2026
Table 39:   Japan Mycelium Market (by Application), $Million, 2020-2026
Table 40:   India Mycelium Market (by Application), $Million, 2020-2026
Table 41:   South Korea Mycelium Market (by Application), $Million, 2020-2026
Table 42:   Australia and New Zealand Mycelium Market (by Application), $Million, 2020-2026
Table 43:   Indonesia Mycelium Market (by Application), $Million, 2020-2026
Table 44:   Rest-of-Asia-Pacific and Japan Mycelium Market (by Application), $Million, 2020-2026
Table 45:   Rest-of-the-World Mycelium Market (by Application), $Million, 2020-2026
Table 46:   Rest-of-the-World Mycelium Market (by Nature), $Million, 2020-2026
Table 47:   Rest-of-the-World Mycelium Market (by Form), $Million, 2020-2026
Table 48:   Rest-of-the-World Mycelium Market (by Country), $Million, 2020-2026
Table 49:   Market Ranking Analysis of Mycelium Companies, 2020
Table 50:   Chinova Bioworks: Product Portfolio
Table 51:   Chinova Bioworks: Market Developments
Table 52:   Chinova Bioworks: Product Developments
Table 53:   Chinova Bioworks: Partnerships, Joint Ventures, and Collaborations and Alliances
Table 54:   ENOUGH: Product Portfolio
Table 55:   ENOUGH: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 56:   Meati Inc.: Product Portfolio
Table 57:   Meati Inc.: Market Developments
Table 58:   Meati Inc.: Product Developments
Table 59:   Monaghan Group: Product Portfolio
Table 60:   Monaghan Group: Product Developments
Table 61:   Monaghan Group: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 62:   MycoTechnology, Inc.: Product Portfolio
Table 63:   MycoTechnology, Inc.: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 64:   MyForest Foods Co.: Product Portfolio
Table 65:   MyForest Foods Co.: Market Developments
Table 66:   MyForest Foods Co.: Product Developments
Table 67:   MyForest Foods Co.: Partnerships, Collaborations, Joint Ventures, and Alliances
Table 68:   Nature’s Fynd: Product Portfolio
Table 69:   Nature’s Fynd: Market Developments
Table 70:   PRIME ROOTS: Product Portfolio
Table 71:   PRIME ROOTS: Market Developments
Table 72:   PRIME ROOTS: Product Developments
Table 73:   PRIME ROOTS: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 74:   Quorn: Product Portfolio
Table 75:   Quorn: Market Developments
Table 76:   Quorn: Product Developments
Table 77:   Quorn: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 78:   Biomyc: Product Portfolio
Table 79:   Biomyc: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 80:   Magical Mushroom Company: Product Portfolio
Table 81:   Magical Mushroom Company: Market Developments
Table 82:   Mushroom Material: Product Portfolio
Table 83:   Mushroom Material: Market Developments
Table 84:   Bolt Threads: Product Portfolio
Table 85:   Bolt Threads: Market Developments
Table 86:   Bolt Threads: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 87:   Mycotech Lab: Product Portfolio
Table 88:   Mycotech Lab: Product Developments
Table 89:   MycoWorks: Product Portfolio
Table 90:   MycoWorks: Market Developments
Table 91:   MycoWorks: Product Developments
Table 92:   MycoWorks: Partnerships, Collaborations, Joint Ventures, and Alliances
Table 93:   Ecovative LLC: Product Portfolio
Table 94:   Ecovative LLC: Market Developments
Table 95:   Ecovative LLC: Product Developments
Table 96:   eniferBio: Product Portfolio
Table 97:   eniferBio: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 98:   Groundwork BioAg: Product Portfolio
Table 99:   Groundwork BioAg: Market Developments
Table 100:   Groundwork BioAg: Product Developments
Table 101:   Groundwork BioAg: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 102:   MOGU: Product Portfolio
Table 103:   MOGU: Partnerships, Collaborations, Joint Ventures, and Alliances
Table 104:   Mycorena: Product Portfolio
Table 105:   Mycorena: Market Developments
Table 106:   Mycorena: Product Developments
Table 107:   Mycorena: Partnerships, Joint Ventures, Collaborations, and Alliances

Figure 1:   Global Mycelium Market, $Million, 2020-2026
Figure 2:   Market Drivers and Challenges in Global Mycelium Market
Figure 3:   Global Mycelium Market (by Nature), $Million, 2020-2026
Figure 4:   Global Mycelium Market (by Form), $Million, 2020-2026
Figure 5:   Global Mycelium Market (by Application), $Million, 2020-2026
Figure 6:   Global Mycelium Market (by Region), $Million, 2020
Figure 7:   Mycelium Market Coverage
Figure 8:   Circular Economy of Mycelium Products
Figure 9:   Mycelium-Based Electronics
Figure 10:   Value Chain Analysis of Mycelium
Figure 11:   Share of Different Countries in the Global Mismanaged Plastic Waste, 2019
Figure 12:   Plastic Waste Generated by Different Countries, 2019
Figure 13:   Share of Key Market Strategies and Developments, January 2019- January 2022
Figure 14:   Product Development and Innovation (by Company), January 2019-January 2022
Figure 15:   Market Developments (by Company), January 2019-January 2022
Figure 16:   Partnerships, Collaborations, and Joint Ventures (by Company), January 2019-January 2022
Figure 17:   Global Mushroom Cultivation, $Billion
Figure 18:   Product Adoption Curve for Global Mycelium Market
Figure 19:   Global Mycelium Market (by Application)
Figure 20:   Pre-Formed Mycelium Products
Figure 21:   Powdered Mycelium Extracted from the Reishi Mushroom
Figure 22:   Agaricus Mycelium Processed into Tablets Form
Figure 23:   Processed Mycelium Filled in Capsules Form
Figure 24:   Global Mycelium Market Patent Trend, January 2019-January 2022
Figure 25:   Patent Analysis (by Status), January 2019-January 2022
Figure 26:   Patent Analysis (by Status), January 2019-January 2022
Figure 27:   Patents Analysis (by Patent Office), January 2019-January 2022
Figure 28:   Leading Countries in Mushroom Production, 2020
Figure 29:   Leading Agaricus Mushroom Exporting Countries, $Million, 2019
Figure 30:   Leading Mushroom Importing Countries, 2020
Figure 31:   Leading Mushroom Importing Nations, 2020
Figure 32:   Competitive Benchmarking Matrix
Figure 33:   Data Triangulation
Figure 34:   Top-Down and Bottom-Up Approach
Figure 35:   Assumptions and Limitations

Market Report Coverage

Mycelium Market
Base Year	2020	Market Size in 2020	$2.48 Billion
Forecast Period	2021-2026	Value Projection and Estimation by 2026	$3.84 Billion
CAGR During Forecast Period	7.7%	Number of Tables	107
Number of Pages	193	Number of Figures	35

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts, and analyzing company coverage, product portfolio, market penetration.

The top segment players which are leading include mycelium-based food & beverage manufacturers, that capture around 55% of the presence in the market. Players in other industries such as clothing and apparel, packaging, and animal feed, among others account for approximately 45% of the presence in the market.

Some of the prominent names established in this market are:

Company Type 1: Food and Beverage Industry
•   Atlast
•   Chinova Bioworks
•   ENOUGH
•   Meati Inc.
•   Monaghan Group
•   MycoTechnology, Inc.
•   Nature's Fynd
•   PRIME ROOTS
•   Quorn

Company Type 2: Packaging Industry
•   Biomyc
•   Magical Mushroom Company
•   Mushroom Material

Company Type 3: Clothing and Apparel Industry
•   Bolt Threads
•   Mycotech Lab
•   MycoWorks

Company Type 4: Miscellaneous
•   Ecovative LLC
•   eniferBio
•   Groundwork BioAg
•   Mogu
•   Mycorena

Companies that are not a part of the above pool have been well represented across different sections of the report (wherever applicable).

How Can This Report Add Value

Product/Innovation Strategy: The product segment helps the reader understand the different types of mycelium products available for deployment in the food and beverages, clothing, packaging, and other industries, and their potential globally. Moreover, the study provides the reader a detailed understanding of the different mycelium-based products by application (food and beverage, packaging, clothing and apparel, animal feed, and others), by nature (raw and processed), and by form (pre-formed product, powder, and tablet and capsule). Mycelium-based finished products generate higher revenues when compared to the operational and raw material costs. Therefore, mycelium business is a low-investment and high-revenue generating agricultural model.

Growth/Marketing Strategy: The global mycelium market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been product launches to strengthen their position in the mycelium market. For instance, in January 2022, M&S Food collaborated with Monaghan Group to supply mycelium protein-based vegetable balls and vegetable mince to expand its plant kitchen range.

Competitive Strategy: Key players in the global mycelium market analyzed and profiled in the study involve mycelium-based product manufacturers that provide raw or processed products. Moreover, a detailed competitive benchmarking of the players operating in the global mycelium market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industry & Technology Overview

Global Mycelium Market Industry Overview

The global mycelium market was estimated to be at $2.48 billion in 2020, which is expected to grow with a CAGR of 7.7% and reach $3.84 billion by 2026. The growth in the global mycelium market is expected to be driven by increasing demand for sustainable materials and their contribution to the circular economy.

Market Lifecycle Stage

The mycelium market is still in the nascent phase. Increased research and development activities are underway to develop mycelium-based products, which are expected to increase due to the shift in consumer preference to plant-based meat and veganism.

Increasing investments in R&D of mycelium is one of the major opportunities in the global mycelium market. Moreover, mycelium properties are such that it can be customized based on various applications leading to consumers adopting mycelium-based products in pharmaceutical, construction, electronics, and skin care industry.

Impact

• With an increased worldwide focus on achieving net-zero emissions, the shift to eco-friendly, sustainable products brings significant sales and financing opportunities. The shift is more prominent in food and beverages industry in regions such as North America and Europe. The U.S. plant-based meat retail sales grew by 45% to $1.4 billion sales in 2020. This infers that mycelium can be a great alternative to conventional animal-based food products.

• Furthermore, mycelium-based packaging has a moderate to high impact on the plastic and styrofoam packaging industry. Companies such as Dell and IKEA have already started using mycelium-based packaging materials for their products. Cosmetic companies are using mycelium-based packaging material due to its strength and leakproof properties. Therefore, the customizable properties of mycelium present it as a go-to option for industries globally.

Impact of COVID-19

Since the mycelium products are not much commercialized, the COVID-19 pandemic impact on the global mycelium market has been negligible. Moreover, the rise in the trend of veganism is expected to positively affect the growth of the market in the next 10 years, as mycelium contains low calories and medicinal properties, acting as immunity boosters. Therefore, the consumption and use of other mycelium-based products are expected to increase during and post-COVID-19 pandemic.

Market Segmentation:

•   Segmentation 1: by Application
o   Food and Beverage Industry
o   Packaging Industry
o   Clothing and Apparel Industry
o   Animal Feed Industry
o   Others

The global mycelium market in the application segment is expected to be dominated by the food and beverage industry. This is due to mycelium being a highly nutritious product and its property to be customized and processed to derive a variety of products.

•   Segmentation 2: by Product
o   by Nature
o    Raw
o    Processed

The global mycelium market is slightly more dominated by the processed mycelium segment. This is due to the wide variety of products that can be manufactured, resulting in its higher adoption and usage by the end users worldwide.

o   by Form
o    Pre-Formed Product
o    Powder
o    Tablet and Capsule

The pre-formed product segment dominates the global mycelium market due to the higher adoption of products such as food and beverage, clothing, and packaging from the pre-formed product. The powder form captures the second position due to the composition mix's prolonged shelf life and durability.

•   Segmentation 3: by Region
o   North America - U.S., Canada, and Mexico
o   Europe - Italy, Netherlands, Poland, Spain, France, and Rest-of-Europe
o   China
o   U.K.
o   Asia-Pacific and Japan - Japan, India, South Korea, Australia and New Zealand, Indonesia, and Rest-of-Asia-Pacific and Japan
o   Rest-of-the-World

Europe generated the highest revenue of $1.08 billion in 2020, which is attributed to the R&D advancements and supporting government regulations in the Europe region. Europe is an attractive region for the mycelium market because of the availability of the different market fragments.

Recent Developments in Global Mycelium Market

•   In November 2021, Magical Mushroom Company set up its new manufacturing sites in Bulgaria and Italy to provide a production capacity of nearly 6 million units per year.
•   In June 2021, Ecovative LLC launched its new packaging product named MycoComposite.
•   In May 2021, Meati Inc. leased a nearly 76,500 square feet area to set up a production facility with the aim of producing millions of pounds of alternative meat by the end of 2022 by utilizing less than 1% water as that required by animal meat industries.
•   In April 2021, Atlast announced to build the largest ethereal mycelium farm in the U.S. to increase its production and supply of meat alternatives
•   In July 2020, Quorn invested an amount of $39.52 million in ramping up its production processes. Furthermore, the company had set up new equipment in its production units to fasten and increase production processes in February 2020.

Demand – Drivers and Limitations

Following are the demand drivers for the mycelium market:

•   Ongoing Trend of Sustainable Practices and Circular Economy
•   Styrofoam and Polystyrene Ban in Various Nations
•   Shift in Consumer Behavior and Preference
•   Wide Range of Applications
•   Low Investment, High-Return Business

The market is expected to face some limitations too due to the following challenges:

•   Low Commercialization of Mycelium Products
•   Availability of Various Alternatives
•   Labor Intensive Business

Analyst Thoughts

According to Rakhi Tanwar, Principal Analyst, BIS Research, "The mycelium market is expected to be a great replacement of animal-based and non-biodegradable products. Through a better adoption of these eco-friendly mycelium-based products and materials, the consumers' demand for veganism can be met, thereby contributing to the circular economy."

Mycelium Market - A Global and Regional Analysis

Focus on Application, Product, and Country-Wise Analysis - Analysis and Forecast, 2020-2026

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Some Faq's

Frequently Asked Questions

Ans: Mycelium is a vegetative branched-like structure of mushroom. The fibrous solid structure of the mycelium can be treated with lignocellulosic materials at specific temperature and pressure, to further manufacture products such as food and beverage, packaging, clothing, and other miscellaneous products. In this report, the growth rate of global mycelium market has been accounted including factors such as sustainable packaging, mushroom production, and global plant-based meat, among others.

Ans: The key trends in the mycelium market includes utilizing eco-friendly alternatives for a transition to bio-based circular economy, supporting government regulations leading to improved R&D resulting in mycelium-based organo-electronics and other applications.

Ans: The global mycelium market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. According to BIS Research analysis, majority of the companies preferred partnerships, collaborations, and joint ventures as a strategy to further increase their growth in the global mycelium market. Companies such as eniferBio, Biomyc, and Monaghan Group have majorly adopted the partnerships, collaborations, and joint venture strategies.

Ans: A new entrant can focus on food and beverages and packaging areas due to high consumer demand and ban on non-biodegradable harmful packaging materials by the government worldwide.

•   Extensive competitive benchmarking of the top 20 players (including food and beverage, packaging, clothing and apparel, animal feed, and miscellaneous) has been done to offer a holistic view of the global mycelium market landscape.
•   Market Ranking Analysis based on product portfolio, recent developments, and regional spread
•   Investment landscape including product adoption scenario, funding, and patent analysis

Ans: The companies which are manufacturing and commercializing mycelium-based foods and beverages, clothing and apparels, packaging, producing raw mycelium, mushroom-based companies, pharmaceutical companies, research institutions, and regulatory bodies.

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