Market by Nature, Form, Application, and Country Outlook | Forecast 2023-2030
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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VIEW REPORT1. 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
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)
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)