Global Mycelium Research Report 2023

The global mycelium market is predicted to reach $4.76 billion by 2028, growing at a CAGR of 9.39% between 2023 and 2028. Increased research and development activities are driving the development of mycelium-based products, particularly in response to the shift in consumer preference towards plant-based meat and veganism. Furthermore, the demand for sustainable materials and their contribution to the circular economy is expected to boost market growth. Companies such as Dell and IKEA are already using mycelium-based packaging materials, and the customizable properties of mycelium make it a versatile option for various industries.

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