The functional mushroom market is experiencing growth due to the increasing demand for natural food ingredients and the growing awareness of the health benefits associated with functional mushrooms. Additionally, the expanding use of functional mushrooms in dietary supplements and pharmaceutical formulations is further driving the demand for these products.
Among the different types of functional mushrooms, shiitake mushrooms dominate the market, accounting for a revenue share of 34.3% in 2023. Shiitake mushrooms are popular globally due to their umami flavor, and they are commonly used in various Asian cuisines such as stir-fries, soups, and stews. On the other hand, chaga mushrooms are primarily used in powdered form for making herbal tea. They have a long history of use in traditional medicines in North European countries and Russia, known for their immune-boosting properties and overall health benefits.
In terms of regional dominance, Asia Pacific leads the global functional mushroom market, accounting for a revenue share of 46.9% in 2023, with a projected CAGR of 9.2% from 2023 to 2029, reaching USD 23.9 billion. Asian countries have been incorporating functional mushrooms into traditional medicine formulations for centuries. China, Japan, India, and South Korea are prominent producers and consumers of functional mushrooms globally. The Asia Pacific region presents significant opportunities for mushroom manufacturers due to the increasing consumer preference for functional and vegan food ingredients. Furthermore, the rise of organized retail has led to increased product availability, benefiting the market. With countries like China, Japan, South Korea, Taiwan, and India being major producers of functional mushrooms, the region has a strong foothold in the market. The growing expenditure on health-enhancing functional food products, driven by the emphasis on physical fitness and increasing sports activities, is contributing to the rising demand for functional mushrooms in the region.
This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the product, application, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.
The global baby bottle market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.
The global market for functional mushroom can be segmented by product: reishi, cordyceps, lion's mane, turkey tail, shiitake, chaga, others . Among these, the shiitake segment was accounted for the highest revenue generator in 2023, accounting for more than 34.3% of the total market.
Functional mushroom market is further segmented by application: food and beverage, dietary supplements, pharmaceuticals, others. The food and beverage segment is estimated to account for the largest share of the global functional mushroom market, accounting for more than 42.6% of the total market.
Based on region, the functional mushroom market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific was the highest contributor to the global functional mushroom market. Going forward, North America is projected to witness the highest CAGR during the forecast period.
The report has also analyzed the competitive landscape of the global functional mushroom market with some of the key players being New Wave Holdings Corp., M2 Ingredients Inc., Nammex, Mitoku Co., Ltd., Hokkaido Reishi Co., Ltd., Monterey Mushrooms, LLC, Monaghan Group, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Why Choose This Report
Gain a reliable outlook of the global functional mushroom market forecasts from 2024 to 2030 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
Market Segments Covered in Global Functional Mushroom Industry Analysis:
i.) Product
- Reishi
- Cordyceps
- Lion's mane
- Turkey tail
- Shiitake
- Chaga
- Others
ii.) Application
- Food and beverage
- Dietary supplements
- Pharmaceuticals
- Others
iii.) Region
- North America
- Europe
- Asia-Pacific
- MEA (Middle East and Africa)
- Latin America
TABLE OF CONTENTS
FIGURES AND TABLES
PART 1. INTRODUCTION
1.1 Description
1.2 Objectives of The Study
1.3 Market Segment
1.4 Years Considered for The Report
1.5 Currency
1.6 Key Target Audience
PART 2. RESEARCH METHODOLOGY
2.1 Primary Research
2.2 Secondary Research
PART 3. EXECUTIVE SUMMARY
PART 4. MARKET OVERVIEW
4.1 Introduction
4.2 Drivers
4.3 Restraints
PART 5. GLOBAL FUNCTIONAL MUSHROOM MARKET BY PRODUCT
5.1 Reishi
5.2 Cordyceps
5.3 Lion's mane
5.4 Turkey tail
5.5 Shiitake
5.6 Chaga
5.7 Others
PART 6. GLOBAL FUNCTIONAL MUSHROOM MARKET BY APPLICATION
6.1 Food and beverage
6.2 Dietary supplements
6.3 Pharmaceuticals
6.4 Others
PART 7. GLOBAL FUNCTIONAL MUSHROOM MARKET BY REGION
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 MEA (Middle East and Africa)
7.5 Latin America
PART 8. COMPANY PROFILES
8.1 New Wave Holdings Corp.
8.2 M2 Ingredients Inc.
8.3 Nammex
8.4 Mitoku Co., Ltd.
8.5 Hokkaido Reishi Co., Ltd.
8.6 Monterey Mushrooms, LLC
8.7 Monaghan Group
DISCLAIMER
The functional mushroom market is experiencing growth due to the increasing demand for natural food ingredients and the growing awareness of the health benefits associated with functional mushrooms. Additionally, the expanding use of functional mushrooms in dietary supplements and pharmaceutical for...
The Functional Gold Plating Coatings Services Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive land...
Overview of the Global Online Functional Behavior Assessment Fba Market:
The report discusses everything a marketer requires before investing in the global Online Functional Behavior Assessment Fba Market during the...
Overview of the Global Blood Functional Analysis Software Market:
The report discusses everything a marketer requires before investing in the global Blood Functional Analysis Software Market during the forecast peri...
Overview of the Global Brain Health Functional Beverage Market:
The report discusses everything a marketer requires before investing in the global Brain Health Functional Beverage Market during the forecast period 2...
Overview of the Global Functional Behavior Assessment Training Market:
The report discusses everything a marketer requires before investing in the global Functional Behavior Assessment Training Market during the for...
Overview of the Global Functional Behavior Assessment (FBA) Market:
The report discusses everything a marketer requires before investing in the global Functional Behavior Assessment (FBA) Market during the forecast ...
Overview of the Global Functional Wellness Beverages Market:
The report discusses everything a marketer requires before investing in the global Functional Wellness Beverages Market during the forecast period 2023-20...
This report gives an insight into the global Mushroom Protein Market and predicts the future growth prospects and the trends that may exhibit in the market during the period of 2023-2030. The future growth has been calculated by taking into account the present growth rate and the overall market size...
Overview of the Global Functional Medicine Chiropractors Market:
The report discusses everything a marketer requires before investing in the global Functional Medicine Chiropractors Market during the forecast period...