BIS Research Study Highlights the Global Mycelium Market to Reach $3.84 billion by 2026
Research Reports
Apr 01, 2022
The global mycelium market is projected to reach $3.84 billion in terms of revenue by 2026 at a CAGR of 7.7%, reveals the premium market intelligence study by BIS Research.
Mycelium has a solid fibrous structure that can be utilized to produce materials such as clothing, food, construction, and packaging. It can be used to prepare materials such as leather, edible plant-based steak, and serve as an alternative to plastics.
The growth in the global mycelium market is expected to be driven by the increasing ongoing trend of sustainable and circular economy practices. Ban on Styrofoam and polystyrene products and mycelium’s wide range of applications, such as food and beverage, clothing and apparel, packaging, and construction, are further expected to boost the global mycelium market.
The detailed study is a compilation of 107 market data tables and 35 figures spread through 193 pages and in-depth TOC on “Global Mycelium Market– Analysis and Forecast, 2020-2026”
USP of the Report
This extensive report can help with:
- 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.
Analyst’s Take on the Market:
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”
View the report from BIS Research on Global Mycelium Market
Key Companies Operating in the Market and Competition Landscape
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-mentioned pool have been well represented across different sections of the report (wherever applicable).
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Key Questions Answered in the Report:
- What is mycelium?
- What are the key trends in the mycelium?
- What kind of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
- For a new company looking to enter the mycelium market, which areas could it focus upon to stay ahead of the competition?
- What is the USP of this report?
- Who should buy this report?
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.
BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.
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