Functional Mushrooms Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Functional Mushrooms Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Functional Mushroom Market
The functional mushroom market size was valued at USD 28.69 billion in 2023, and the market is now projected to grow from USD 31.09 billion in 2024 to USD 62.18 billion by 2032, exhibiting a CAGR of 9.05% during the forecast period of 202-2032.
The COVID-19 widespread catalyzed the development of the worldwide functional mushroom market growth. This surge can be ascribed to increased wellbeing awareness among shoppers looking for normal resistance boosts. Restorative mushrooms picked up notoriety as a preventative degree against the infection, with things about demonstrating antiviral properties, such as Reishi mushroom's action against SARS-CoV-2.
The surge in requests for useful food and beverages in North America could be a key driver for the region's expected tall growth rate. With rising concerns about age-related afflictions and active ways of life, buyers are progressively receiving sound propensities, fueling they require for supplements including botanical fixings. Restorative mushrooms like Shiitake, Liona’s Mane, and Cordyceps are especially looked after for their natural health benefits, provoking producers to coordinate them into different supplement shapes such as capsules, powders, and gummies. For occurrence, Troomy Nootropics' later dispatch of mushroom-infused gummies outlines this drift, catering to assorted way of life needs and contributing to the extension of the functional mushroom market share.
The trend of expanded R&D exercises within the utilitarian mushroom showcase is cultivating commercial cultivation progressions. With a center on inventive definitions and conveyance strategies, producers are catering to shopper inclinations for agreeable and helpful restorative mushroom items. Progressing inquire about into mushroom properties and applications, coupled with headways in biotechnology and mycology, is improving development strategies and bioactive compound generation, as exemplified by Optimi Wellbeing Corp.'s modern office, fueling promising development prospects for the worldwide utilitarian mushroom market.
Comprehensive Analysis of Functional Mushroom Market
The utilitarian mushroom market segmentation exhibits Cordyceps as the overwhelming fragment, famous for its endurance-boosting impacts, closely taken after by Reishi mushrooms, encountering quick development for their immune-boosting properties. Lionâ's Mane mushrooms are too picking up footing, especially within the nootropic supplement division, due to their cognitive-enhancing benefits. In terms of applications, the pharmaceutical portion leads, driven by the restorative potential of restorative mushrooms in treating different sicknesses like cancer and neurodegenerative disarranges. Concurrently, dietary supplements are seeing tall development as useful mushrooms pick up notoriety for general well-being upgrades. Also, the nourishment and refreshments section is raising, fueled by the integration of therapeutic mushrooms into items, assembly the request for utilitarian nourishments with unmistakable flavors and well-being benefits.
The North America is balanced for noteworthy development with a tall anticipated CAGR, share market size of USD 14.82 billion in 2023 due to driven by customer inclinations for utilitarian nourishments and refreshments in rising age-related wellbeing concerns and active ways of life. Producers, exemplified by Troomy Nootropics, react to this request with inventive items such as mushroom-infused gummies, catering to differing wellness needs within the locale.
Key players within the functional mushroom market drive industry development through vital organizations together and development activities. Half Slope Cultivate Inc., Genuine Mushrooms, and Hokkaido Reishi Co. Ltd. are among the conspicuous producers, centering on quality and supportability. Moreover, associations like Avida Global's collaboration with Optimi Wellbeing illustrate endeavors to extend showcase reach. Other critical companies incorporate SWADESHI Mushroom Bring forth Research facility, Rebbl., and Panâ's Mushroom Jerky, each contributing to the showcase with inventive items and development procedures.
In February 2022, Lifeway Foods, Inc., a U.S.-based provider of kefir and matured probiotic items, debuted a line of adaptogenic restorative mushroom refreshments at the Winter Favor Nourishment Appear in Las Vegas. This unused item run offers an assortment of refined oat refreshments, counting flavors like reishi and vanilla, mushroom-safe mix with Aronia, and lion's mane brilliant drain with L-Theanine from green tea.
In March 2022, Autosled, a spearheading car digital logistics commercial center, concluded its Arrangement a financing circular, securing USD 5.0 million to assist its mission of changing the car transport division. This speculation underscores the company's commitment to revolutionizing transportation logistics through inventive digital solutions.
Segmentation Table
Global Functional Mushroom Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 9.05% from 2024-2032
Unit Value (USD Billion)
Segmentation By Type, By Application, and By Geography
By Solution Lion’s Mane Mushrooms
Chaga Mushrooms
Shiitake Mushrooms
Reishi Mushrooms
Cordyceps Mushrooms
Turkey Tail Mushrooms
Others
By Application Food and Beverages
Dietary Supplements
Pharmaceuticals
Personal Care and Cosmetics
By Geography North America (By Type , Application , and Country)
- U.S.
- Canada
- Mexico
Europe (By Type , Application , and Country)
- Germany
- France
- Spain
- Italy
- U.K.
- Rest of Europe
Asia Pacific (By Type , Application , and Country)
- China
- India
- Japan
- Australia
- Rest of Africa Pacific
South America (By Type , Application , and Country)
- Brazil
- Argentina
- Rest of the South America
Middle East & Africa (By Type , Application , and Country)
- South Africa
- UAE
- Rest of Middle East & Africa
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Table of Contents
200 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Market Overview of Related/Parent Market
- 4.2. Industry SWOT Analysis
- 4.3. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- 4.4. Supply Chain/Value Chain Analysis
- 4.5. Market Analysis and Insights (in Relation with COVID-19)
- 5. Global Functional Mushroom Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Lion’s Mane mushrooms
- 5.2.1.2. Chaga mushrooms
- 5.2.1.3. Shiitake mushrooms
- 5.2.1.4. Reishi mushrooms
- 5.2.1.5. Cordyceps mushrooms
- 5.2.1.6. Turkey Tail mushrooms
- 5.2.1.7. Others
- 5.2.2. By Applications (Value)
- 5.2.2.1. Food and Beverages
- 5.2.2.2. Dietary Supplements
- 5.2.2.3. Pharmaceuticals
- 5.2.2.4. Personal Care and Cosmetics
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Functional Mushroom Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Lion’s Mane mushrooms
- 6.2.1.2. Chaga mushrooms
- 6.2.1.3. Shiitake mushrooms
- 6.2.1.4. Reishi mushrooms
- 6.2.1.5. Cordyceps mushrooms
- 6.2.1.6. Turkey Tail mushrooms
- 6.2.1.7. Others
- 6.2.2. By Applications (Value)
- 6.2.2.1. Food and Beverages
- 6.2.2.2. Dietary Supplements
- 6.2.2.3. Pharmaceuticals
- 6.2.2.4. Personal Care and Cosmetics
- 6.2.3. By Country
- 6.2.3.1. U.S.
- 6.2.3.2. Canada
- 6.2.3.3. Mexico
- 7. Europe Functional Mushroom Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Lion’s Mane mushrooms
- 7.2.1.2. Chaga mushrooms
- 7.2.1.3. Shiitake mushrooms
- 7.2.1.4. Reishi mushrooms
- 7.2.1.5. Cordyceps mushrooms
- 7.2.1.6. Turkey Tail mushrooms
- 7.2.1.7. Others
- 7.2.2. By Applications (Value)
- 7.2.2.1. Food and Beverages
- 7.2.2.2. Dietary Supplements
- 7.2.2.3. Pharmaceuticals
- 7.2.2.4. Personal Care and Cosmetics
- 7.2.3. By Country
- 7.2.3.1. Germany
- 7.2.3.2. France
- 7.2.3.3. Spain
- 7.2.3.4. Italy
- 7.2.3.5. U.K.
- 7.2.3.6. Rest of Europe
- 8. Asia Pacific Functional Mushroom Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.1.1. By Type (Value)
- 8.1.1.1. Lion’s Mane mushrooms
- 8.1.1.2. Chaga mushrooms
- 8.1.1.3. Shiitake mushrooms
- 8.1.1.4. Reishi mushrooms
- 8.1.1.5. Cordyceps mushrooms
- 8.1.1.6. Turkey Tail mushrooms
- 8.1.1.7. Others
- 8.1.2. By Applications (Value)
- 8.1.2.1. Food and Beverages
- 8.1.2.2. Dietary Supplements
- 8.1.2.3. Pharmaceuticals
- 8.1.2.4. Personal Care and Cosmetics
- 8.1.3. By Country
- 8.1.3.1. China
- 8.1.3.2. India
- 8.1.3.3. Japan
- 8.1.3.4. Australia
- 8.1.3.5. Rest of Asia Pacific
- 9. South America Functional Mushroom Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.1.1. By Type (Value)
- 9.1.1.1. Lion’s Mane mushrooms
- 9.1.1.2. Chaga mushrooms
- 9.1.1.3. Shiitake mushrooms
- 9.1.1.4. Reishi mushrooms
- 9.1.1.5. Cordyceps mushrooms
- 9.1.1.6. Turkey Tail mushrooms
- 9.1.1.7. Others
- 9.1.2. By Applications (Value)
- 9.1.2.1. Food and Beverages
- 9.1.2.2. Dietary Supplements
- 9.1.2.3. Pharmaceuticals
- 9.1.2.4. Personal Care and Cosmetics
- 9.1.3. By Country
- 9.1.3.1. Brazil
- 9.1.3.2. Argentina
- 9.1.3.3. Rest of South America
- 10. Middle East and Africa Functional Mushroom Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.1.1. By Type (Value)
- 10.1.1.1. Lion’s Mane mushrooms
- 10.1.1.2. Chaga mushrooms
- 10.1.1.3. Shiitake mushrooms
- 10.1.1.4. Reishi mushrooms
- 10.1.1.5. Cordyceps mushrooms
- 10.1.1.6. Turkey Tail mushrooms
- 10.1.1.7. Others
- 10.1.2. By Applications (Value)
- 10.1.2.1. Food and Beverages
- 10.1.2.2. Dietary Supplements
- 10.1.2.3. Pharmaceuticals
- 10.1.2.4. Personal Care and Cosmetics
- 10.1.3. By Country
- 10.1.3.1. South Africa
- 10.1.3.2. UAE
- 10.1.3.3. Rest of Middle East and Africa
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Functional Mushroom Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
- 12. Company Profiles
- 12.1. Half Hill Farm Inc.
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Mushroom Types Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Real Mushrooms
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Mushroom Types Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Hokkaido Reishi Co. Ltd.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Mushroom Types Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. SWADESHI Mushroom Spawn Laboratory
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Mushroom Types Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Nikkei Marketing Limited
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Mushroom Types Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Concord Farms
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Mushroom Types Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Rebbl.
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Mushroom Types Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Pan’s Mushroom Jerky
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Mushroom Types Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Mitoku Co. Ltd.
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Mushroom Types Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Asia Pacific Farm Enterprises Inc.
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Mushroom Types Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
- 14. Appendix
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