Global Functional Mushroom Market, By Type (Reishi, Cordyceps, Lion’s Mane, Turkey Tail, Shiitake, Chaga, Others), Application (Food and Beverage, Personal Care, Pharmaceutical, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The functional mushroom market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.22% in the forecast period of 2021 to 2028 and is expected to reach USD 555.94 billion by 2028. The increasing use of the ingredient in the healthcare sector is escalating the growth of functional mushroom market.
Functional mushrooms refer to the rare form of mushrooms which grow in the dense forests, high on the Himalayan plateau, on fallen logs and even on the head of a caterpillar. These mushrooms possess antioxidants and nutritional value. Certain functional mushrooms can help in strengthening immune systems to make one’s body ward off illnesses. These could also be used as dietary option which benefits with lower calories and high protein and provide multiple vitamins and vital minerals.
The increase in demand for the functional mushroom owning to its health and nutritional benefits and the use of the food ingredient by consumers with variety of medical conditions, including inflammation as a symptom because it is known to possess anti-inflammatory properties, act as the major factors driving the functional mushroom market. The increase in adoption of functional mushroom by consumers as they consist of antioxidants that helps in boosting blood flow, strengthening immunity and reducing stress among others and the extensive use of these ingredient as dietary option especially when one is seeking for low calorie and high protein diet which accelerates the functional mushroom market growth. The rise in use of functional mushrooms in the healthcare and pharmaceutical products and their extensive use in the health supplements also influence the functional mushroom market. Additionally, the growth in awareness regarding their health benefits, increasing cases of lifestyle diseases, change in consumer preference towards healthy lifestyle, surge in number of research and development activities and expansion of food and beverage industry positively affect the functional mushroom market. Furthermore, technological advancement and innovations with the ingredient extend profitable opportunities to the functional mushroom market players in the forecast period of 2021 to 2028.
On the other hand, lack of ability to be included in other recipes is expected to obstruct the functional mushroom market growth. The concerns regarding the side effects and allergies of the ingredient is projected to challenge the functional mushroom market in the forecast period of 2021-2028.
This functional mushroom market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on functional mushroom market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Functional Mushroom Market Scope and Market Size
The functional mushroom market is segmented on the basis of type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the functional mushroom market is segmented into reishi, cordyceps, lion’s mane, turkey tail, shiitake, chaga and others.
- On the basis of application, the functional mushroom market is segmented into food and beverage, personal care, pharmaceutical and others.
Global Functional Mushroom Market Country Level Analysis
The functional mushroom market is analyzed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the functional mushroom market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the functional mushroom market during the forecast period of 2021-2028 because of the large production of mushrooms especially in China, rise in income level of people, growth in awareness regarding the health and nutritional value of the ingredient, expansion of catering industry, utilization in healthcare sector and rising demand for exotic mushroom varieties in the region.
The country section of the functional mushroom market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Functional Mushroom Market Share Analysis
The functional mushroom market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to functional mushroom market.
The major players covered in the functional mushroom market report are Half Hill Farm Inc., Real Mushrooms, Pan's Mushroom Jerky, Om Organic Mushroom Nutrition, Yuguo Farms, Four Sigmatic, The Mushroom Company, Banken Champignons Groep BV, OKECHAMP SA, BONDUELLE, Modernmush, Monaghan Mushrooms, Monterey Mushrooms Inc, Nammex, Hirano Mushroom LLC, CNC Exotic Mushrooms, Mitoku Company, Ltd., Lianfeng (Suizhou) Food Co.,Ltd, M2 INGREDIENTS, Hokkaido Reishi Co. Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available ; Global Functional Mushroom Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.