North America Mycelium Market Size & Outlook, 2025-2031
North America Mycelium Market Size
According to Straits Research analysis, the North America Mycelium Market was valued at USD 415.79 Million in 2024 and is projected to reach USD 621.91 Million by 2031, expanding at a CAGR of 5.9% during the forecast period. Drivers of this growth include increased demand from key industries such as agriculture, packaging, and textiles. Since mycelium has implications for green production and carbon sequestration, sustainability initiatives are also fuelling market expansion. There is a significant trend towards technological advancements for optimizing mycelium production. Moreover, the potential for mycelium in the production of biofuels presents promising export opportunities. Given the current trajectory, North America is strategically positioning itself to become a preeminent player in the global mycelium market, embracing bio-based materials and more sustainable processes.
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Mycelium Market Highlights
- In 2024, Food and Beverage Industry emerged as the dominant Application based on market size.
- Packaging Industry is projected to register the fastest growth, positioning it as the most attractive Application segment over the forecast horizon.
- In 2024, North America accounted for 13.27% of the global mycelium market size.
- By 2031, China is projected to lead the global market in terms of market size.
- Canada is projected to emerge as the fastest-growing market in North America, reaching USD 132.59 Million by 2031.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2031 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2031 |
| Market Size In 2024 | USD 415.79 Million |
| Market Size In 2031 | USD 621.91 Million |
| Largest segment | Food and Beverage Industry |
| Fastest segment | Packaging Industry |
| Units | Revenue in USD Million |
| CAGR | 5.9% (2025-2031) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
North America Mycelium Market Share By Application
Segmentation Covered
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North America Mycelium Market By Country 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Mycelium Market By Application 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Mycelium Market By Form 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Mycelium Market By Type 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
