Mycelium-based or mushroom materials are environmentally friendly substitutes for conventional polymers. These biodegradable polymers, which are derived from mushroom roots (mycelium), may be formed into a variety of goods, providing 
, construction, and more, minimizing environmental effect and encouraging circular economy practices.
By registering a CAGR of 5.8% between 2022 and 2032, the size of the worldwide mushroom materials market is expected to generate lucrative potential prospects during the evaluation period. The global market was valued at US$ 4,561 million in 2022, and by 2032, it is anticipated to reach US$ 8,015.2 million.
The global mushroom materials market had substantial growth, registering a CAGR of 3.0% from 2017 to 2021, according to Future Market Insights’ historical data.
Due to their light weight, usability, and environmental benefits, mushrooms are a very widespread and well-liked material across many industries. In the furniture sector, this substance is used. However, it also has the potential to bring in a sizable sum of money during the anticipated time frame. Furthermore, the mushroom materials industry has expanded as a result of the broad sustainability movement across numerous industries. Due to the lack of volatile organic compounds (VOC) and the fact that they are constructed of biodegradable materials, they are quickly replacing plastics in packaging solutions. Currently, a few number of domestic and regional companies dominate the world market for mushroom materials. It has been predicted that as technology develops and knowledge levels improve, more market competitors would join the fray.
