According to the latest findings by Straits Research, the global mycelium market size, valued at USD 3.36 billion in 2024, is projected to reach USD 7.01 billion by 2033, growing at a CAGR of 8.5% between 2025 and 2033. The rising popularity of sustainable materials and innovations in fungus mycelium applications are key factors fueling the demand.

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What is Mycelium?

Mycelium is the vegetative part of fungi, consisting of a mass of hyphae—the thread-like structures through which the fungus absorbs nutrients. (Hyphae vs Mycelium: While hyphae are the individual filaments, mycelium is the network they create.) This underground mycelium network is vital to ecosystems and is often called nature's internet due to its ability to transmit signals and nutrients.

For those unfamiliar with the term, here’s how to define mycelium: It is a dense network of fungal threads that grows beneath the surface and supports the reproduction of fungi by forming fruiting bodies like mushrooms.

In pop culture and gaming, Minecraft mycelium is a block that spreads like grass in shaded environments. In TV lore, the mycelium network under Boomtown refers to an underground fungal system with mysterious properties in speculative fiction

Hyphae vs Mycelium

Hyphae and mycelium are parts of fungi. Hyphae are long, thread-like structures that grow and spread out. When many hyphae come together, they form a network called mycelium. So, hyphae are the building blocks, and mycelium is the larger, connected structure that helps fungi absorb nutrients from their surroundings.

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Mycelium in Research & Development

Academic and corporate research institutions are increasingly publishing findings on Google Scholar related to fungus mycelium and its diverse applications in biotechnology, healthcare, and sustainable design. New studies explore how enshrouded active mycelium can be used for environmental regeneration and soil health.

Product and Application Segmentation

By Form:

• Solid Mycelium

• Liquid Mycelium

• Pre-Formed Product (most popular)

By Nature:

• Raw Mycelium

• Processed Mycelium (widely used)

By End-Use:

• Food & Beverage

• Construction

• Healthcare

• Agriculture

• Consumer Goods

• Others

By Distribution:

• Online Retail

• Offline Retail

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Key Players in the Mycelium Market

• Ecovative Design LLC

• MycoWorks

• Atlast Food Co.

• Meati Foods

• Bolt Threads Inc.

• Mogu

• Mycelia

• bio

• MycoComp

• Biomyc

• Prime Roots

• Four Sigmatic

• Kingdom Supercultures

• Nature’s Fynd

• Radical Mycology

Regional Highlights

Europe Leads the Charge

Europe continues to dominate due to government support, eco-regulations, and a culture of innovation in sustainability. The region is also a frontrunner in bio-based materials for fashion, construction, and personal care industries.

North America Rises

North America’s growing interest in clean-label food and sustainable goods has spurred investment in mycelium-derived products. Consumers are increasingly interested in natural food flavors and fungus mycelium supplements, including mycelium capsules and powders.

Frequently Asked Questions (FAQs)

• What is the global mycelium market worth in 2024?

• How big is the mycelium market?

• What is the market for mycelium packaging?

• What is mycelium used for?

• What do you mean by mycelium?

• How do you pronounce mycelium?

• What’s the difference between hyphae and mycelium?

• What is Mycelium Wallet?

• What does “Mycelium Running” refer to?

• Is mycelium the future?

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