Global Functional Mushroom Market is Expected to Grow at 6.1% in the Forecast Period of 2021 to 2028

Global Functional Mushroom Market is forecast to grow at 6.1% owing to shifting preference of consumers toward functional foods globally.

Functional mushroom market has shown an exceptional penetration in regions such as Asia-Pacific, North America and Europe. Positive outlook toward organic personal care and increasing R&D spending on exotic mushroom variants are creating opportunity for the growth of the global functional mushroom market.

Functional Mushroom Market Scenario

According to Data Bridge Market Research, the market for functional mushroom in Asia-Pacific has the highest market share followed by North America and Europe. Market leader is YUKIGUNI MAITAKE CO., LTD., which accounts for an estimated market share of approximately 30.33% in the global functional mushroom market. The company has gained outstanding sale through innovative functional mushroom products for several users.

For Instance:

  • In January 2021, YUKIGUNI MAITAKE CO., LTD., announced the agreement of developing an automation technology for the cutting process of maitake mushrooms together with ROBIT Inc. With this development company was able to develop next-generation cutting and packaging line.
  • In May 2021, Monaghan Group announced the partnership with Melissa Hemsley. The partnership will focus on encouraging more people to create vegetarian dishes and will be amplified through PR, social media and digital activity. With this development company was able to increase its customer base.

Functional Mushroom MarketTrends Impacting the Market

Now the question is which other regions YUKIGUNI MAITAKE Co., Ltd., Monterey Mushrooms, Inc., and Monaghan Group are targeting? Data Bridge Market Research has forecast a large growth in the Asia-Pacific functional mushroom market and the market leaders are targeting North America & Europe to be their next revenue pockets for 2020.

The functional mushroom market is becoming more competitive every year with companies such as YUKIGUNI MAITAKE CO., LTD., Monterey Mushrooms, Inc., and Monaghan Group. The data bridge market research new reports highlight the major growth factors and opportunities in the functional mushroom market.

For more analysis on the functional mushroom market request for a briefing with our analysts

Functional Mushroom Market Development

  • In July 2019, Shandong Qihe Biotechnology Co., Ltd. and Korea MODERNDAY Company signed an agreement in which Shandong Qihe Biotechnology authorized MODERNDAY to sell the mushroom spawn in Korea and be responsible for after-sales service. With this agreement company was able to reach the Korean market and was able to expand its market share.
  • In October 2017, Monterey Mushrooms, Inc. announced the launch of its new product line Let's Blend finely diced mushrooms to make cooking experience much easier. Let's Blend works well with ground beef, chicken, lamb, pork and turkey. With this development company was able to enhance its product portfolio.

Scope of the Functional Mushroom Market

Global functional mushroom market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Austria, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Kuwait and Rest of Middle East and Africa and many others.

All country based analysis of functional mushroom market is further analyzed based on further segmentation:

  • On the basis of species, the functional mushroom market is segmented into shiitake, reishi, chaga, lion's mane, cordyceps, maitake, turkey tail, tremella, and others.
  • On the basis of product type, the functional mushroom market is segmented into cultivated and wild.
  • On the basis of category, the functional mushroom market is segmented into regular and full spectrum.
  • On the basis of nature, the functional mushroom market is segmented into conventional and organic.
  • On the basis of cultivation method, the functional mushroom market is segmented into bed cultivated and log/wood cultivated.
  • On the basis of application, the functional mushroom market is segmented into pharmaceutical, food & beverages, dietary supplements, nutraceutical, sports nutrition, personal care, and others.

To know more about the study

Key Pointers Covered in Functional Mushroom Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness

Key Market Competitors Covered in the Report

  • Monterey Mushrooms, Inc.
  • Monaghan Mushrooms Group
  • Shandong Qihe Biotech Co., ltd.
  • Banken Champignons Groep BV
  • The Giorgi Companies, Inc.
  • VLD Food Products Pvt. Ltd.
  • Nammex
  • Shogun Maitake
  • Rain Forest Mushrooms
  • Wuling (Fuzhou) Biotechnology Co., Ltd.
  • Smithy Mushrooms
  • Lianfeng (Suizhou) Food Co., Ltd
  • Mushroom King Farm
  • Maesyffin Mushrooms
  • Biobritte Agro Solutions Pvt Ltd
  • Ojas Farms
  • Farming Fungi, LLC

Above are the key players covered in the report, to know about more and exhaustive list of functional mushroom companies, contact us

Research Methodology: Global Functional Mushroom Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufactures
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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