According to the recent study the mycelium market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 7% to 9% from 2023 to 2028. Growth in this market is primarily driven by growing demand for mycelium in the food industry as a natural ingredient and rising demand for environmentally friendly and sustainable goods & packaging with the use of mycelium.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in mycelium market by product type (pre-formed product, powder, capsule, tablet, and others), nature (raw and processed), application (food and beverage, packaging, clothing and apparel, animal feed, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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“Pre-formed product market is expected to remain the largest segment during the forecast period.”
Based on product type, the mycelium market is segmented into pre-formed product, powder, capsule, tablet, and others. Lucintel forecasts that the pre-formed product market is expected to remain the largest segment due to the increasing demand for pre-formed goods in the food and beverage, garment, and packaging industries.
“Within the mycelium market, the food and beverage segment is expected to remain the largest application”
Based on application the food and beverage segment is expected to witness the highest growth over the forecast period due to the rising use of mycelium in the food and beverage sector since it is a very nutritious product and can be processed & altered in a variety of ways to produce a wide range of different goods.
“North America will dominate the mycelium market in near future”
North America will remain the largest region due to the rising demand for mycelium among the health conscious population and growing production of natural food tastes like mycelium in US.
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Major players of mycelium market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Four Sigmatic, FreshCap Mushrooms, Ecovative, Mushlabs GmbH, Mycelia NV, MycoWorks, and MycoTechnology are among the major mycelium providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/mycelium-market.aspx or [email protected]