Global Functional Mushroom Market Size, Trends, Growth Opportunity, By Product Type, By Distribution Channel, By Nature, By Form, By Application, By Region and Forecast till 2027.
Description
Global Functional Mushroom Market Size, Trends, Growth Opportunity, By Product Type, By Distribution Channel, By Nature, By Form, By Application, By Region and forecast till 2027.
The Global Functional Mushroom Market
The Global Functional Mushroom Market was valued at USD 8.45 Billion in 2021 is anticipated to reach USD 11.5 Billion by 2027 at a CAGR of 8.04% from 2022-2027.
Mushrooms are a type of vegetable with a fleshy fungus that contains vitamins, potassium, and selenium. A controlled climate is necessary for mushrooms in order to have enough light, humidity, ventilation, temperature, nutrients, pH, and air pressure. These particular mushrooms are well renowned for being high in antioxidants and nutritional content, with numerous health benefits associated with them. Due to their therapeutic qualities and advantages as nutrients, these mushrooms have been consumed for hundreds of years. Their popularity is on the rise as a result of the extensive study done over the years and the rising desire for all-natural health remedies.
Low-fat and low-calorie foods are preferred by those who value their health. In addition to being high in vitamins and nutrients like iron, zinc, and fibre, mushrooms are low in calories. They don't have any fat or cholesterol and have little sodium. Reishi, button, lion mane, crimini, and portabella mushrooms, among others, are high in total dietary fibre, according to a study.
Market Drivers
Due to their high antioxidant content, mushrooms help the body in strengthening itself and battling sickness. The demand for functional mushrooms is anticipated to increase as a result of their nutritional qualities. Functional mushroom powder is increasingly being used as a component in cosmetic and personal care products. This is because it makes an excellent ingredient for cosmetics due to its exceptional antioxidant, anti-aging, anti-wrinkle, skin whitening, and moisturising effects. As a result, a number of global corporations are steadily creating and releasing personal care products using functional mushrooms as their main component that helps in grow the market.
Numerous scientific and medical investigations on these mushrooms have revealed potential for enhancing both innate and adaptive immune systems. The market is growing as a result of people's increasing use of functional meals and beverages, which are becoming more popular due to their advantages over basic nutrition foods. Customers who are concerned about their health are becoming more habituated to these functional foods. During the forecast period, it is anticipated that all of these factors would fuel market expansion. Sales in the business are anticipated to increase as key firms increase their spending in the launch of new products.
Market Restraints
Because mushrooms have a finite shelf life and may restrict the expansion of the functional mushroom market, post-harvest storage and transportation of mushrooms is critical. The high market presence of alternative protein replacements is the main factor limiting market expansion. Furthermore, the high cost of goods may also limit market expansion. While the expansion of this target market is being lucratively aided by rising expenditure on unusual mushroom varieties. The application of strict laws on the sale of functional mushroom products is a challenge in the face of market expansion.
Impact of COVID-19
The functioning mushroom market has been significantly harmed by the spread of COVID-19 because to a lack of staff, which in turn has hindered production capacity. Additionally, growers had to rely only on supermarkets and online retailers to market the mushroom goods as wholesale markets had to close. As a result, the pandemic had a significant impact on the market for functional mushrooms.
Market Segmentation
The Global Functional Mushroom Market is segmented into Product Type, Distribution Channel, Channel, Application. By Product Type such as Reishi, Cordyceps, Lions Mane, Turkey Tail, Shiitake, Chaga, Others. By Distribution Channel such as Supermarket/Hypermarket, Online Stores, Specialty Stores, convenience stores. By Nature, such as Organic, Conventional. By Form such as Liquid Sprays and Drinks, Powders, Capsules or Supplements, Others. By Application such as Food and Beverage, Pharmaceutical, nutraceutical & dietary supplements, Personal Care & Cosmetics, Pet Care Industry, Sports Nutrition and Functional Items.
Regional Analysis
The Global Functional Mushroom Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Because most mushrooms are grown in China, the Asia Pacific region accounted for more than 53% of industry revenue in 2021. The primary driver of industry growth is the rising demand for these mushrooms as a result of their potential as functional foods. Due to an increase in the use of these mushrooms in diets as a better food option, there is also a big demand for these mushrooms in the food and beverage business in the Asia Pacific. From 2022 to 2028, North America is anticipated to see a CAGR of 11.1 percent. This is due to an increase in the use of these mushrooms as superfoods in diets. Because they are a better option to many other nutrient-dense foods, these mushrooms are becoming more and more popular in developed nations.
Key Players
Various Key Players are listed in this report such as New Wave Holdings Corp, M2 Ingredients, Nammex, CNC Exotic Mushrooms, Mitoku Company, Hokkaido Reishi Co. Ltd, Shanghai Finc Bio-tech Inc, Lianfeng (Suizhou) Food Co. Ltd, Hirano Mushroom LLC.
Market Taxonomy
By Product Type
The Global Functional Mushroom Market
The Global Functional Mushroom Market was valued at USD 8.45 Billion in 2021 is anticipated to reach USD 11.5 Billion by 2027 at a CAGR of 8.04% from 2022-2027.
Mushrooms are a type of vegetable with a fleshy fungus that contains vitamins, potassium, and selenium. A controlled climate is necessary for mushrooms in order to have enough light, humidity, ventilation, temperature, nutrients, pH, and air pressure. These particular mushrooms are well renowned for being high in antioxidants and nutritional content, with numerous health benefits associated with them. Due to their therapeutic qualities and advantages as nutrients, these mushrooms have been consumed for hundreds of years. Their popularity is on the rise as a result of the extensive study done over the years and the rising desire for all-natural health remedies.
Low-fat and low-calorie foods are preferred by those who value their health. In addition to being high in vitamins and nutrients like iron, zinc, and fibre, mushrooms are low in calories. They don't have any fat or cholesterol and have little sodium. Reishi, button, lion mane, crimini, and portabella mushrooms, among others, are high in total dietary fibre, according to a study.
Market Drivers
Due to their high antioxidant content, mushrooms help the body in strengthening itself and battling sickness. The demand for functional mushrooms is anticipated to increase as a result of their nutritional qualities. Functional mushroom powder is increasingly being used as a component in cosmetic and personal care products. This is because it makes an excellent ingredient for cosmetics due to its exceptional antioxidant, anti-aging, anti-wrinkle, skin whitening, and moisturising effects. As a result, a number of global corporations are steadily creating and releasing personal care products using functional mushrooms as their main component that helps in grow the market.
Numerous scientific and medical investigations on these mushrooms have revealed potential for enhancing both innate and adaptive immune systems. The market is growing as a result of people's increasing use of functional meals and beverages, which are becoming more popular due to their advantages over basic nutrition foods. Customers who are concerned about their health are becoming more habituated to these functional foods. During the forecast period, it is anticipated that all of these factors would fuel market expansion. Sales in the business are anticipated to increase as key firms increase their spending in the launch of new products.
Market Restraints
Because mushrooms have a finite shelf life and may restrict the expansion of the functional mushroom market, post-harvest storage and transportation of mushrooms is critical. The high market presence of alternative protein replacements is the main factor limiting market expansion. Furthermore, the high cost of goods may also limit market expansion. While the expansion of this target market is being lucratively aided by rising expenditure on unusual mushroom varieties. The application of strict laws on the sale of functional mushroom products is a challenge in the face of market expansion.
Impact of COVID-19
The functioning mushroom market has been significantly harmed by the spread of COVID-19 because to a lack of staff, which in turn has hindered production capacity. Additionally, growers had to rely only on supermarkets and online retailers to market the mushroom goods as wholesale markets had to close. As a result, the pandemic had a significant impact on the market for functional mushrooms.
Market Segmentation
The Global Functional Mushroom Market is segmented into Product Type, Distribution Channel, Channel, Application. By Product Type such as Reishi, Cordyceps, Lions Mane, Turkey Tail, Shiitake, Chaga, Others. By Distribution Channel such as Supermarket/Hypermarket, Online Stores, Specialty Stores, convenience stores. By Nature, such as Organic, Conventional. By Form such as Liquid Sprays and Drinks, Powders, Capsules or Supplements, Others. By Application such as Food and Beverage, Pharmaceutical, nutraceutical & dietary supplements, Personal Care & Cosmetics, Pet Care Industry, Sports Nutrition and Functional Items.
Regional Analysis
The Global Functional Mushroom Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Because most mushrooms are grown in China, the Asia Pacific region accounted for more than 53% of industry revenue in 2021. The primary driver of industry growth is the rising demand for these mushrooms as a result of their potential as functional foods. Due to an increase in the use of these mushrooms in diets as a better food option, there is also a big demand for these mushrooms in the food and beverage business in the Asia Pacific. From 2022 to 2028, North America is anticipated to see a CAGR of 11.1 percent. This is due to an increase in the use of these mushrooms as superfoods in diets. Because they are a better option to many other nutrient-dense foods, these mushrooms are becoming more and more popular in developed nations.
Key Players
Various Key Players are listed in this report such as New Wave Holdings Corp, M2 Ingredients, Nammex, CNC Exotic Mushrooms, Mitoku Company, Hokkaido Reishi Co. Ltd, Shanghai Finc Bio-tech Inc, Lianfeng (Suizhou) Food Co. Ltd, Hirano Mushroom LLC.
Market Taxonomy
By Product Type
- Reishi
- Cordyceps
- Lions Mane
- Turkey Tail
- Shiitake
- Chaga
- Others.
- Supermarket/Hypermarket
- Online Stores
- Specialty Stores
- convenience stores.
- Organic
- Conventional
- Liquid Sprays and Drinks
- Powders
- Capsules or Supplements
- Others.
- Food and Beverage
- Pharmaceutical
- nutraceutical & dietary supplements
- Personal Care & Cosmetics
- Pet Care Industry
- Sports Nutrition and Functional Items.
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Contents
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Functional Mushroom Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Functional Mushroom Market, By Product Type
- 5.1 Y-o-Y Growth Comparison, By Product Type
- 5.2 Global Functional Mushroom Market Share Analysis, By Product Type
- 5.3 Global Functional Mushroom Market Size and Forecast, By Product Type
- 5.3.1 Reishi
- 5.3.2 Cordyceps
- 5.3.3 Lions Mane
- 5.3.4 Turkey Tail
- 5.3.5 Shiitake
- 5.3.6 Chaga
- 5.3.7 Others.
- 6 Global Functional Mushroom Market, By Distribution Channel
- 6.1 Y-o-Y Growth Comparison, By Distribution Channel
- 6.2 Global Functional Mushroom Market Share Analysis, By Distribution Channel
- 6.3 Global Functional Mushroom Market Size and Forecast, By Distribution Channel
- 6.3.1 Supermarket/Hypermarket
- 6.3.2 Online Stores
- 6.3.3 Specialty Stores
- 6.3.4 Convenience stores.
- 7 Global Functional Mushroom Market, By Nature
- 7.1 Y-o-Y Growth Comparison, By Nature
- 7.2 Global Functional Mushroom Market Share Analysis, By Nature
- 7.3 Global Functional Mushroom Market Size and Forecast, By Nature
- 7.3.1 Organic
- 7.3.2 Conventional
- 8 Global Functional Mushroom Market, By Form
- 8.1 Y-o-Y Growth Comparison, By Form
- 8.2 Global Functional Mushroom Market Share Analysis, By Form
- 8.3 Global Functional Mushroom Market Size and Forecast, By Form
- 8.3.1 Liquid Sprays and Drinks
- 8.3.2 Powders or Supplements
- 8.3.3 Others.
- 9 Global Functional Mushroom Market, By Application
- 9.1 Y-O-Y Growth Comparison, By Application
- 9.2 Global Functional Mushroom Market Share Analysis, By Application
- 9.3 Global Functional Mushroom Market Size and Forecast, By Application
- 9.3.1 Food and Beverage
- 9.3.2 Pharmaceutical
- 9.3.3 Nutraceutical & dietary supplements
- 9.3.4 Personal Care & Cosmetics
- 9.3.5 Pet Care Industry
- 9.3.6 Sports Nutrition and Functional Items.
- 10 Global Functional Mushroom Market, By Region
- 10.1 Global Functional Mushroom Market Share Analysis, By Region
- 10.2 Global Functional Mushroom Market Share Analysis, By Region
- 10.3 Global Functional Mushroom Market Size and Forecast, By Region
- 11 North America Functional Mushroom Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 North America Functional Mushroom Market Share Analysis, By Product Type
- 11.3 North America Functional Mushroom Market Size and Forecast, By Distribution Channel
- 11.4 North America Functional Mushroom Market Size and Forecast, By Nature
- 11.5 North America Functional Mushroom Market Size and Forecast, By Form
- 11.6 North America Functional Mushroom Market Size and Forecast, By Application
- 11.7 North America Functional Mushroom Market Size and Forecast, By Country
- 11.7.1 U.S.
- 11.7.2 Canada
- 11.7.3 Mexico
- 12 Europe Functional Mushroom Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Europe Functional Mushroom Market Share Analysis, By Product Type
- 12.3 Europe Functional Mushroom Market Size and Forecast, By Distribution Channel
- 12.4 Europe Functional Mushroom Market Size and Forecast, By Nature
- 12.5 Europe Functional Mushroom Market Size and Forecast, By Form
- 12.6 Europe Functional Mushroom Market Size and Forecast, By Application
- 12.7 Europe Functional Mushroom Market Size and Forecast, By Country
- 12.7.1 Germany
- 12.7.2 France
- 12.7.3 UK
- 12.7.4. Rest of Europe
- 13 Asia Pacific Functional Mushroom Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Asia Pacific Functional Mushroom Market Share Analysis, By Product Type
- 13.3 Asia Pacific Functional Mushroom Market Size and Forecast, By Distribution Channel
- 13.4 Asia Pacific Functional Mushroom Market Size and Forecast, By Nature
- 13.5 Asia Pacific Functional Mushroom Market Size and Forecast, By Form
- 13.6 Asia Pacific Functional Mushroom Market Size and Forecast, By Application
- 13.7 Asia Pacific Functional Mushroom Market Size and Forecast, By Country
- 13.7.1 China
- 13.7.2 Japan
- 13.7.3 India
- 13.7.4. Rest of Asia Pacific
- 14 Latin America Functional Mushroom Market Analysis and Forecast (2022-2027)
- 14.1 Introduction
- 14.2 Latin America Functional Mushroom Market Share Analysis, By Product Type
- 14.3 Latin America Functional Mushroom Market Size and Forecast, By Distribution Channel
- 14.4 Latin America Functional Mushroom Market Size and Forecast, By Nature
- 14.5 Latin America Functional Mushroom Market Size and Forecast, By Foarm
- 14.6 Latin America Functional Mushroom Market Size and Forecast, By Application
- 14.7 Latin America Functional Mushroom Market Size and Forecast, Country
- 14.7.1. Brazil
- 14.7.2. Rest of Latin America
- 15 Middle East Functional Mushroom Market Analysis and Forecast (2022-2027)
- 15.1 Introduction
- 15.2 Middle East Functional Mushroom Market Share Analysis, By Product Type
- 15.3 Middle East Functional Mushroom Market Size and Forecast, By Distribution Channel
- 15.4 Middle East Functional Mushroom Market Size and Forecast, By Nature
- 15.5 Middle East Functional Mushroom Market Size and Forecast, By Form
- 15.6 Middle East Functional Mushroom Market Size and Forecast, By Application
- 15.7 Middle East Functional Mushroom Market Size and Forecast, By Country
- 15.7.1. Saudi Arabia
- 15.7.2. UAE
- 15.7.3. Egypt
- 15.7.4. Kuwait
- 15.7.5. South Africa
- 16 Competitive Analysis
- 16.1 Competition Dashboard
- 16.2 Market share Analysis of Top Vendors
- 16.3 Key Development Strategies
- 17 Company Profiles
- 17.1 New Wave Holdings Corp
- 17.1.1 Overview
- 17.1.2 Offerings
- 17.1.3 Key Financials
- 17.1.4 Business Segment & Geographic Overview
- 17.1.5 Key Market Developments
- 17.1.6 Key Strategies
- 17.2 M2 Ingredients
- 17.2.1 Overview
- 17.2.2 Offerings
- 17.2.3 Key Financials
- 17.2.4 Business Segment & Geographic Overview
- 17.2.5 Key Market Developments
- 17.2.6 Key Strategies
- 17.3 Nammex
- 17.3.1 Overview
- 17.3.2 Offerings
- 17.3.3 Key Financials
- 17.3.4 Business Segment & Geographic Overview
- 17.3.5 Key Market Developments
- 17.3.6 Key Strategies
- 17.4 CNC Exotic Mushrooms
- 17.4.1 Overview
- 17.4.2 Offerings
- 17.4.3 Key Financials
- 17.4.4 Business Segment & Geographic Overview
- 17.4.5 Key Market Developments
- 17.4.6 Key Strategies
- 17.5 Mitoku Company
- 17.5.1 Overview
- 17.5.2 Offerings
- 17.5.3 Key Financials
- 17.5.4 Business Segment & Geographic Overview
- 17.5.5 Key Market Developments
- 17.5.6 Key Strategies
- 17.6 Hokkaido Reishi Co. Ltd
- 17.6.1 Overview
- 17.6.2 Offerings
- 17.6.3 Key Financials
- 17.6.4 Business Segment & Geographic Overview
- 17.6.5 Key Market Developments
- 17.6.6 Key Strategies
- 17.7 Shanghai Finc Bio-tech Inc
- 17.7.1 Overview
- 17.7.2 Offerings
- 17.7.3 Key Financials
- 17.7.4 Business Segment & Geographic Overview
- 17.7.5 Key Market Developments
- 17.7.6 Key Strategies
- 17.8 Lianfeng (Suizhou) Food Co. Ltd
- 17.8.1 Overview
- 17.8.2 Offerings
- 17.8.3 Key Financials
- 17.8.4 Business Segment & Geographic Overview
- 17.8.5 Key Market Developments
- 17.8.6 Key Strategies
- 17.9 Hirano Mushroom LLC.
- 17.9.1 Overview
- 17.9.2 Offerings
- 17.9.3 Key Financials
- 17.9.4 Business Segment & Geographic Overview
- 17.9.5 Key Market Developments
- 17.9.6 Key Strategies
Pricing
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