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Functional Mushrooms Market Size, Share & Growth Report 2031
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Functional Mushrooms Market Size, Share & Growth Report 2031

Segments - Global Functional Mushrooms Market by Product Types (Chaga, Cordyceps, Lions Mane, Shiitake, Reishi, Turkey Tail, and Others), Applications (Dietary Supplements, Food & Beverage, Personal Care, and Pharmaceutical), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023-2031

https://growthmarketreports.com/Anuradha
Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-3027 | 4.7 Rating | 79 Reviews | 183 Pages | Format : PDF Excel PPT

Report Description


Functional Mushrooms Market Outlook 2031

The global functional mushrooms market size was USD 26.54 Billion in 2022 and is expected to reach USD 56.84 Billion by 2031 register a robust CAGR 8.83% during the forecast period, between 2023 to 2031. Functional mushrooms are rare types of mushrooms that grow in on fallen logs, dense forests, or even on the head of a caterpillar high on the Himalayan plateau.

These mushrooms are considered to be high in antioxidants and nutritional content, with a variety of health benefits. Owing to various medical properties, the demand for these mushrooms are rising significantly over the years. Functional mushrooms can also be used as a dietary choice as these plants have low in calories and high in protein, which is ideal for those who are suffering from minerals and vitamins deficiency. Certain functional mushrooms can help to enhance immune systems, allowing your body to fight off infections more effectively.

Functional Mushrooms Market Outlook

  • Wide application of functional mushrooms as a useful ingredient in the pharmaceutical sector is a key factor boosting the market.
  • Increasing number of health-conscious population and a shift in consumer preference toward functional meals are key drivers of the market growth.
  • Growing need for functional mushrooms in the personal care market to produce high-quality and high nutritious products is projected to fuel the market expansion in the coming years.
  • Extensive market reach of competing protein substitutes and availability of alternative solutions for nutritional vitamins are key constraints that can hamper the market expansion during the forecast period.
  • High product pricing is another restraining factor. This is expected to hinder the market growth in the coming years.
  • Increasing demand for organic reishi mushroom goods as well as the rising use of mushrooms as a diet supplement to meat products present new growth opportunities of the market.

Scope of The Functional Mushrooms Market Report:

The report on the global functional mushrooms market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Functional Mushrooms Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Product Types (Chaga, Cordyceps, Lions Mane, Shiitake, Reishi, Turkey Tail, and Others), Applications (Dietary Supplements, Food & Beverage, Personal Care, and Pharmaceutical)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Real Mushrooms; Hokkaido Reishi Co. Ltd.; Half Hill Farm Inc.; Nikkei Marketing Limited; Swadeshi Mushroom Spawn; Rebbl; Pan’s Mushroom Jerky; Concord Farms; Asia Pacific Farm Enterprises Inc.; and Mitoku Co. Ltd.

Functional Mushrooms Market Segment Insights:

Cordyceps segment to hold significant market share

Based on product types, the functional mushrooms market is segmented into chaga, cordyceps, lions mane, shiitake, reishi, turkey tail, and others. The cordyceps segment is projected to hold significant market share during the targeted period owing to their numerous medical effects and potential to promote immune health.

The Chaga segment, however, is projected to expand at a robust growth pace in the near future due to rising adoption of products in the creation of numerous functional teas and other beverages, related to their capacity to enhance digestive health.

Functional Mushrooms Market Products Types

Food & beverage segment to account for a substantial share

On the basis of applications, the market is fragmented into dietary supplements, food & beverage, personal care, and pharmaceutical. The food & beverage segment is anticipated to account for a substantial share owing to rising consumer interest in functional drinks and food. The use of functional mushrooms, particularly in powdered form, in the formulation of dietary supplements is expected to rise dramatically in the coming years, owing to rising dietary supplement use particularly in developing nations such as Japan and China.

The pharmaceutical segment, however, is anticipated to register a high CAGR during the forecast period. They offer various health benefits including cardiovascular stability, weight control, improving energy levels eliminating cancer cells, and reducing inflammation, brain functioning, and boosting the immune system.

Functional Mushrooms Market Applications

Asia Pacific is expected to dominate the market

In terms of regions, the functional mushrooms market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market in the coming years owing to increased mushroom production and growth in some of the major economies such as Japan and China.

Higher consumption of functional mushrooms in the region owing to the rising awareness of many health benefits of products combined with increased functional mushroom exports to developed nations. The market of Europe, however, is projected to expand at a robust growth pace in the coming years owing to rising consumer interest in functional foods. Increased mushroom imports by key European countries such as Italy, Germany, and France are projected to stimulate the growth of the regional market.

Functional Mushrooms Market Region​​​​​​​

Segments

 

By Product Types

  • Chaga
  • Cordyceps
  • Lions Mane
  • Shiitake
  • Reishi
  • Turkey Tail
  • Others

By Applications

  • Dietary Supplements
  • Food & Beverage
  • Personal Care
  • Pharmaceutical

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • Real Mushrooms
  • Hokkaido Reishi Co. Ltd.
  • Half Hill Farm Inc.
  • Nikkei Marketing Limited
  • Swadeshi Mushroom Spawn
  • Rebbl
  • Pan’s Mushroom Jerky
  • Concord Farms
  • Asia Pacific Farm Enterprises Inc.
  • Mitoku Co. Ltd.

Competitive Landscape

Key players in the global functional mushrooms market are Real Mushrooms; Hokkaido Reishi Co. Ltd.; Half Hill Farm Inc.; Nikkei Marketing Limited; Swadeshi Mushroom Spawn; Rebbl; Pan’s Mushroom Jerky; Concord Farms; Asia Pacific Farm Enterprises Inc.; and Mitoku Co. Ltd.

These players have actively engaged in several business development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.

Functional Mushrooms Market key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Functional Mushrooms Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Functional Mushrooms Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Functional Mushrooms Market - Supply Chain
  4.5. Global Functional Mushrooms Market Forecast
     4.5.1. Functional Mushrooms Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Functional Mushrooms Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Functional Mushrooms Market Absolute $ Opportunity
5. Global Functional Mushrooms Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Functional Mushrooms Market Size and Volume Forecast by Applications
     5.3.1. Dietary Supplements
     5.3.2. Food & Beverage
     5.3.3. Personal Care
     5.3.4. Pharmaceutical
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Functional Mushrooms Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Functional Mushrooms Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Functional Mushrooms Demand Share Forecast, 2019-2026
7. North America Functional Mushrooms Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Functional Mushrooms Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Functional Mushrooms Market Size and Volume Forecast by Applications
     7.4.1. Dietary Supplements
     7.4.2. Food & Beverage
     7.4.3. Personal Care
     7.4.4. Pharmaceutical
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Functional Mushrooms Demand Share Forecast, 2019-2026
8. Latin America Functional Mushrooms Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Functional Mushrooms Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Functional Mushrooms Market Size and Volume Forecast by Applications
     8.4.1. Dietary Supplements
     8.4.2. Food & Beverage
     8.4.3. Personal Care
     8.4.4. Pharmaceutical
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Functional Mushrooms Demand Share Forecast, 2019-2026
9. Europe Functional Mushrooms Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Functional Mushrooms Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Functional Mushrooms Market Size and Volume Forecast by Applications
     9.4.1. Dietary Supplements
     9.4.2. Food & Beverage
     9.4.3. Personal Care
     9.4.4. Pharmaceutical
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Functional Mushrooms Demand Share Forecast, 2019-2026
10. Asia Pacific Functional Mushrooms Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Functional Mushrooms Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Functional Mushrooms Market Size and Volume Forecast by Applications
     10.4.1. Dietary Supplements
     10.4.2. Food & Beverage
     10.4.3. Personal Care
     10.4.4. Pharmaceutical
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Functional Mushrooms Demand Share Forecast, 2019-2026
11. Middle East & Africa Functional Mushrooms Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Functional Mushrooms Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Functional Mushrooms Market Size and Volume Forecast by Applications
     11.4.1. Dietary Supplements
     11.4.2. Food & Beverage
     11.4.3. Personal Care
     11.4.4. Pharmaceutical
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Functional Mushrooms Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Functional Mushrooms Market: Market Share Analysis
  12.2. Functional Mushrooms Distributors and Customers
  12.3. Functional Mushrooms Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Real Mushrooms
     12.4.2. Hokkaido Reishi Co. Ltd.
     12.4.3. Half Hill Farm Inc.
     12.4.4. Nikkei Marketing Limited
     12.4.5. Swadeshi Mushroom Spawn
     12.4.6. Rebbl
     12.4.7. Pan’s Mushroom Jerky

Methodology

Our Clients

Siemens Healthcare
Pfizer
FedEx Logistics
sinopec
Dassault Aviation
General Mills
Honda Motor Co. Ltd.
The John Holland Group