NORTH AMERICA MYCELIUM MARKET 2023-2030

Consumer Goods & Services | Food & Beverages

NORTH AMERICA MYCELIUM MARKET 2023-2030

Market by Nature, Form, Application, and Country Outlook | Forecast 2023-2030

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Triton Market Research’s report suggests the mycelium market in North America to advance with a projected CAGR of 8.29% during the forecast period 2023-2030.


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The countries studied in the region are:

•         United States

•         Canada

North America holds a key position within the mycelium market, with prominent players in the food and beverage, clothing and apparel, and packaging sectors collectively driving a substantial portion of the market’s revenue. The high adoption of mycelium has also played a crucial role in promoting the use of vegan and sustainable products. Mushroom mycelium’s versatility allows for seamless integration into various sectors, further fueling the region’s market.

Furthermore, farmers and other stakeholders in North America have harnessed mycelium to produce a wide array of products, including food items, animal feeds, cosmetics, and packaging materials. Their utilization of mycelium provides valuable insights into the mycelium market, enabling informed decisions for advanced research and development initiatives.

The United States captures the highest share of the region’s market. The mycelium market in the country is growing due to increased government initiatives in the agricultural sector, particularly in response to the rising demand for vegan and mycelium-based products. Moreover, technological advancements and developments are enhancing product quality and production processes.

Additionally, recent years have witnessed numerous companies investing in and fostering the growth of the mycelium market in the United States. For instance, Phillips Mushroom Farms and Goodwill DE collaborated to create mycelium-based bio-composites for developing clothing and apparel prototypes. These factors significantly augment the mycelium market’s progression.

The packaging industry heavily relies on styrofoam and polystyrene materials. Additionally, many finished products are encased in plastic packaging. As mounting concerns about environmental pollution and the detrimental effects of polystyrene and styrofoam packaging have emerged, organizations and governmental bodies are influenced to explore alternative packaging materials that possess biodegradability, sustainability, and the capacity to minimize environmental contamination. Mushroom-based packaging material, for instance, relies on agricultural waste materials like hemp hurds and cotton keels. This involves a process of heating, washing, and inoculating the material with mycelium to facilitate growth.

The market is categorized into application, form, and nature. The application segment further includes packaging, F&B, clothing and apparel, animal feed, and other applications.

The companies listed in the market include Groundwork BioAg, Meati Inc, MycoWorks, and Monaghan Group.

MycoWorks, a biotechnology firm headquartered in California, US, specializes in the development of mycelium materials. Under the brand name Reishi, the company manufactures its textile, replicating the qualities of animal-derived leathers while minimizing environmental impacts. MycoWorks’ flagship offers Reishi™, a premium, natural material crafted using Fine Mycelium™ technology.


KEY DELIVERABLES OF THE REPORT:

·       Market CAGR during the forecasting years 2023-2030

·       Detailed data highlighting key insights, industry components, and market strategies

·       Comprehensive information and estimation of the mycelium market revenue growth in North America and its influence on the parent market

·       In-depth study of forthcoming trends in consumer behavioral patterns

·       A meticulous analysis of the competitive landscape, and Porter’s Five Forces

·       A wide-ranging study of factors that will challenge the NA mycelium market growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. NORTH AMERICA MYCELIUM INDUSTRY - MARKET SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT ANALYSIS ON MYCELIUM MARKET

2.1.1. COVID-19 IMPACT

2.2. KEY INSIGHTS

2.2.1. MYCELIUM VERSATILITY ATTRACTING NUMEROUS START-UPS

2.2.2. RADICAL SHIFT IN CONSUMER BEHAVIOR AND PREFERENCE

2.2.3. ECO-FRIENDLY PACKAGING AND PROTEIN ALTERNATIVE

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET MATURITY ANALYSIS

2.5. KEY MARKET STRATEGIES

2.5.1. PRODUCT LAUNCHES & DEVELOPMENTS

2.5.2. COLLABORATIONS

2.5.3. ACQUISITIONS

2.5.4. BUSINESS EXPANSIONS

2.6. MARKET DRIVERS

2.6.1. LOW-COST INVESTMENT WITH MULTIPLE APPLICATIONS

2.6.2. CONSUMER INCLINATION TOWARDS ECO-FRIENDLY PRODUCTS AND CIRCULAR ECONOMY

2.6.3. GOVERNMENT INITIATIVES BOOST MANUFACTURING R&D OF MYCELIUM-BASED PRODUCTS

2.7. MARKET CHALLENGES

2.7.1. AVAILABILITY OF VARIOUS SUBSTITUTES

2.7.2. LOW LEVEL OF COMMERCIALIZATION AND LABOR-INTENSIVE

2.8. MARKET OPPORTUNITIES

2.8.1. MYCELIUM-BASED ORGANO-ELECTRONICS GAIN ATTENTION

2.8.2. SHIFT IN CONSUMER BEHAVIOR AND PREFERENCE

2.8.3. ADOPTION OF MYCELIUM IN THE PHARMACEUTICAL AND BEAUTY INDUSTRY

2.9. ANALYST PERSPECTIVE

3. NORTH AMERICA MYCELIUM MARKET OUTLOOK - BY NATURE

3.1. RAW

3.2. PROCESSED

4. NORTH AMERICA MYCELIUM MARKET OUTLOOK - BY FORM

4.1. PRE-FORMED PRODUCT

4.2. POWDER

4.3. TABLET AND CAPSULE

4.4. OTHER FORMS

5. NORTH AMERICA MYCELIUM MARKET OUTLOOK - BY APPLICATION

5.1. FOOD AND BEVERAGE

5.2. PACKAGING

5.3. CLOTHING AND APPAREL

5.4. ANIMAL FEED

5.5. OTHER APPLICATIONS

6. NORTH AMERICA MYCELIUM MARKET – BY COUNTRY OUTLOOK

6.1. UNITED STATES

6.1.1. UNITED STATES MYCELIUM MARKET FORECAST & PROSPECTS

6.2. CANADA

6.2.1. CANADA MYCELIUM MARKET FORECAST & PROSPECTS

7. COMPETITIVE LANDSCAPE

7.1. GROUNDWORK BIOAG

7.1.1. OVERVIEW

7.1.2. PRODUCT PORTFOLIO

7.1.3. KEY STRENGTHS

7.1.4. KEY CHALLENGE

7.2. MYCOTECHNOLOGY INC

7.2.1. OVERVIEW

7.2.2. PRODUCT PORTFOLIO

7.2.3. KEY STRENGTHS

7.2.4. KEY CHALLENGE

7.3. ECOVATIVE DESIGN LLC

7.3.1. OVERVIEW

7.3.2. PRODUCT PORTFOLIO

7.3.3. KEY STRENGTHS

7.3.4. KEY CHALLENGES

7.4. MONAGHAN GROUP

7.4.1. OVERVIEW

7.4.2. PRODUCT PORTFOLIO

7.4.3. KEY STRENGTHS

7.4.4. KEY CHALLENGE

7.5. MEATI INC

7.5.1. OVERVIEW

7.5.2. PRODUCT PORTFOLIO

7.5.3. KEY STRENGTHS

7.5.4. KEY CHALLENGE

7.6. BOLT THREADS

7.6.1. OVERVIEW

7.6.2. PRODUCT PORTFOLIO

7.6.3. KEY STRENGTHS

7.6.4. KEY CHALLENGE

7.7. MOGU SRL

7.7.1. OVERVIEW

7.7.2. PRODUCT PORTFOLIO

7.7.3. KEY STRENGTHS

7.7.4. KEY CHALLENGE

7.8. MYCORENA AB

7.8.1. OVERVIEW

7.8.2. PRODUCT PORTFOLIO

7.8.3. KEY STRENGTHS

7.8.4. KEY CHALLENGES

7.9. MYCOWORKS

7.9.1. OVERVIEW

7.9.2. PRODUCT PORTFOLIO

7.10. BOTANIEX

7.10.1. OVERVIEW

7.10.2. PRODUCT PORTFOLIO

7.11. NATURE’S FYND

7.11.1. OVERVIEW

7.11.2. PRODUCT PORTFOLIO

7.12. PRIME ROOTS

7.12.1. OVERVIEW

7.12.2. PRODUCT PORTFOLIO

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: LIST OF PRODUCT LAUNCHES

TABLE 3: LIST OF COLLABORATIONS

TABLE 4: LIST OF ACQUISITIONS

TABLE 5: LIST OF BUSINESS EXPANSIONS

TABLE 6: NORTH AMERICA MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 7: NORTH AMERICA MYCELIUM MARKET, BY NATURE, 2023-2030 (IN $ MILLION)

TABLE 8: NORTH AMERICA MYCELIUM MARKET, BY FORM, 2023-2030 (IN $ MILLION)

TABLE 9: NORTH AMERICA MYCELIUM MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)

List of Figures

FIGURE 1: NORTH AMERICA MYCELIUM MARKET, BY NATURE, 2022 & 2030 (IN %)

FIGURE 2: NORTH AMERICA MYCELIUM MARKET, BY RAW, 2023-2030 (IN $ MILLION)

FIGURE 3: NORTH AMERICA MYCELIUM MARKET, BY PROCESSED, 2023-2030 (IN $ MILLION)

FIGURE 4: NORTH AMERICA MYCELIUM MARKET, BY FORM, 2022 & 2030 (IN %)

FIGURE 5: NORTH AMERICA MYCELIUM MARKET, BY PRE-FORMED PRODUCT, 2023-2030 (IN $ MILLION)

FIGURE 6: NORTH AMERICA MYCELIUM MARKET, BY POWDER, 2023-2030 (IN $ MILLION)

FIGURE 7: NORTH AMERICA MYCELIUM MARKET, BY TABLET AND CAPSULE, 2023-2030 (IN $ MILLION)

FIGURE 8: NORTH AMERICA MYCELIUM MARKET, BY OTHER FORMS, 2023-2030 (IN $ MILLION)

FIGURE 9: NORTH AMERICA MYCELIUM MARKET, BY APPLICATION, 2022 & 2030 (IN %)

FIGURE 10: NORTH AMERICA MYCELIUM MARKET, BY FOOD AND BEVERAGE, 2023-2030 (IN $ MILLION)

FIGURE 11: NORTH AMERICA MYCELIUM MARKET, BY PACKAGING, 2023-2030 (IN $ MILLION)

FIGURE 12: NORTH AMERICA MYCELIUM MARKET, BY CLOTHING AND APPAREL, 2023-2030 (IN $ MILLION)

FIGURE 13: NORTH AMERICA MYCELIUM MARKET, BY ANIMAL FEED, 2023-2030 (IN $ MILLION)

FIGURE 14: NORTH AMERICA MYCELIUM MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)

FIGURE 15: NORTH AMERICA MYCELIUM MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 16: UNITED STATES MYCELIUM MARKET 2023-2030 (IN $ MILLION)

FIGURE 17: CANADA MYCELIUM MARKET 2023-2030 (IN $ MILLION)

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