Functional Mushroom Market: Global Industry Analysis and Forecast (2023-2029)


Global Functional Mushroom Market size is expected to reach nearly US$ 6.37 Bn by 2029 with the CAGR of 7.8% during the forecast period.

Global Functional Mushroom Market Overview:

Mushroom is a type of fungus that grows above the ground on soil, trees, or on different food sources. Different types of Mushrooms are edible and are consumed on a large scale by people around the world. Functional Mushroom is a type of Mushrooms that holds a range of nutritional and health benefits. Functional Mushrooms contain protein, fiber, and vitamins in abundance. The presence of high nutrition content has resulted in increased consumption of Functional Mushrooms by people following a healthy lifestyle.

Functional Mushroom Market Snapshot

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Functional Mushroom holds anti-inflammatory and antioxidant properties that are used on a large scale by the Pharmaceutical and Nutraceutical industries. Certain Varieties of Functional Mushrooms possess medicinal properties that help in reducing mental health-related issues like stress and anxiety. A rise in the number of people following a healthy lifestyle has resulted in increased demand for Functional Mushrooms. Increasing population, rising health concerns, and growth in preference for nutrition-rich food products have resulted in a boom in the global Functional Mushroom Market.

Global Functional Mushroom Market Dynamics:

An increase in preference for organic food products with high nutritional content has resulted in increased demand for Functional Mushrooms. Functional Mushroom is used on a large scale in manufacturing nutrient-rich food products, health supplements, and dietary food products.

A report by WHO published in 2016 states that more than 200 out of every 1000 people present in this world are overweight and more than 9% of the global population is suffering from Obesity. The number of people suffering from obesity is concentrated more in the urban areas. Functional Mushroom provides an organic and safe way for weight management and reduction of weight.

The presence of anti-inflammatory and antioxidant properties have resulted in increased use of Functional Mushroom for manufacturing medicines on Cardiovascular and Kidney-related issues by the Traditional medicines and the Pharmaceutical industries. An increase in the number of people suffering from deadly diseases has resulted in increased use of Functional Mushrooms for producing medicines.

On 12 September 2018, Dronania Pharmaceuticals GmbH entered into a strategic alliance with Mycotrition GmbH for supplying medicinal mushroom extracts to manufacture Nutraceuticals.

In August 2018, the joint venture of M2 and Suja Juice launched a range of Mushroom-infused beverages.

Whole Foods Market Inc., an American multinational supermarket chain has placed Functional Mushroom in the list of top food trends of 2017.

An increase in demand for organic food products and a wide level of application in the food, pharmaceutical, and nutraceutical industries are the major driving factor for the growth of the Global Functional Mushroom Market.

Restraints:

The high price of the Functional Mushroom is the major restraining factor for the growth of the Global Functional Mushroom Market.

Global Functional Mushroom Market Segment Analysis:

The Global Functional Mushroom Market is segmented on the basis of

By Type, It is observed that more than 60% of Functional Mushrooms preferred around the world consist of Reishi, Cordyceps, Lion’s Mane, and Shiitake. Reishi or ‘Elixir of Life’ has observed a 3.3% increase in demand by the traditional medicine manufacturing industry. Turkey Tail and Chaga are observing a growth of 2.1% in demand in the US and the ASEAN market. Different types of Functional Mushrooms are used for manufacturing food products, nutraceuticals, and medicines.

By Application, It is observed that more than 70% of the Functional Mushroom present in the market is consumed by the Food & Beverages, and Nutraceuticals industries. Dietary Supplements made by using Functional Mushroom as their prime constituent have observed a 3% increase in demand in the US and Europe. A rise in preference for organic products in manufacturing medicines and personal care products has resulted in a 4% increase in demand for Functional Mushroom by the Pharmaceuticals and Personal Care products manufacturing industries.

It is observed that processed and cooked food products made by using Functional Mushroom have observed a growth of 2.1% in demand. Supplementary and Dietary food products made by using Functional Mushroom have observed an increase of 2.3% in sales. The use of Functional Mushroom in manufacturing traditional medicines has resulted in a 3% increase in demand for it from the Herbal Medicine Industry.

The presence of medicinal properties to treat different heart, kidney, and mental health-related issues has resulted in a 1.6% increase in the consumption of Functional Mushrooms by the Pharmaceutical Industry. A rise in demand for plant-based cosmetics and personal care products has resulted in a 1.2% increase in demand for Functional Mushroom by the Cosmetics and Personal Care Products industry.

Global Functional Mushroom Market Regional Insights

The preference for organic and nutrient-rich food products has resulted in a 2.4% increase in the consumption of Functional Mushrooms in Europe. Rising demand for organic cosmetics has resulted in a 2.1% increase in the consumption of Functional Mushrooms by the Cosmetics Industry present in this region. An increase of 3% has been observed in demand for Dietary Supplements made by using Functional Mushroom.

Asia-Pacific is the biggest manufacturer of Functional Mushroom. China is the biggest manufacturer and accounts for more than 40% of the global production of Functional Mushroom. The rising preference for traditional medicine and growth in demand for supplementary food products has resulted in a 1.6% increase in the consumption of Functional Mushrooms.

An increase in preference for supplementary food products made by using organic and safe naturally occurring elements has resulted in a 2.6% increase in demand for Functional Mushrooms in North America. The preference for nutrient-rich processed food products has resulted in a 2.1% increase in consumption of Functional Mushroom by the processed food products industry present in this region.

South America has shown a growth rate of 1.3%, the reason for which is the lack of information regarding the benefits of nutrient-rich food products. The Middle East and Africa’s market has shown a growth rate of 0.7%, the reason for which is the presence of different social and religious factors.

The objective of the report is to present a comprehensive analysis of the global Functional Mushroom market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Functional Mushroom market dynamics, structure by analyzing the market segments and Project the global Functional Mushroom market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Functional Mushroom market make the report investor’s guide.

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Global Functional Mushroom Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.76 Bn.




Forecast Period 2023 to 2029 CAGR:
7.8%
Market Size in 2029:
US $ 6.37 Bn.




 Segments Covered:
by Type
Reishi
Cordyceps
Lion’s Mane
Turkey Tale
Shiitake
Chaga
Others




by Application
Food & Beverages
Dietary Supplements
Pharmaceuticals
Personal Care
Others






Global Functional Mushroom Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC)
South America (Brazil, Argentina Rest of South America)
Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)

Global Functional Mushroom Market, Key Players are

1. Mitoku Company Ltd.
2. CNC Exotic Mushrooms
3. Nammex
4. M2 Ingredients
5. Half Hill Farms
6. Real Mushrooms
7. Kettle & Fire
8. Mycotrition GmbH
9. Hirano Mushroom LLC
10. Sermatec Machines Culture Champignons
11. TANDEMUS, JSC
12. Brazilian Forest
13. Shanghai Dura Industrial Co., Ltd.
14. Golden S.P.Z O.O.
15. Georgian Herbs LLC
16. LIGAZA Ltd.
17. Funghi-Farms
18. Agro Team

Frequently Asked Questions:

1. Which region has the largest share in Global Functional Mushroom Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Functional Mushroom Market?
Ans: The Global Functional Mushroom Market is growing at a CAGR of 7.8% during forecasting period 2023-2029.

3. What is scope of the Global Functional Mushroom Market report?
Ans: Global Functional Mushroom Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Functional Mushroom Market?
Ans: The important key players in the Global Functional Mushroom Market are – Mitoku Company Ltd.,CNC Exotic Mushrooms,Nammex,M2 Ingredients,Half Hill Farms,Real Mushrooms,Kettle & Fire,Mycotrition GmbH,Hirano Mushroom LLC,Sermatec Machines Culture Champignons,TANDEMUS, JSC,Brazilian Forest,Shanghai Dura Industrial Co., Ltd.,Golden S.P.Z O.O.,Georgian Herbs LLC,LIGAZA Ltd.,Funghi-Farms,Agro Team.

5. What is the study period of this Market?
Ans: The Global Functional Mushroom Market is studied from 2022 to 2029. 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Functional Mushroom Market Size, by Market Value (US$ Bn.)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2019
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Functional Mushroom Market
3.4. Geographical Snapshot of the Functional Mushroom Market, By Manufacturer share
4. Global Functional Mushroom Market Overview, 2022-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Products
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Functional Mushroom Market
5. Supply Side and Demand Side Indicators
6. Global Functional Mushroom Market Analysis and Forecast, 2022-2029
6.1. Global Functional Mushroom Market Size & Y-o-Y Growth Analysis.
7. Global Functional Mushroom Market Analysis and Forecasts, 2022-2029
7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
7.1.1. Reishi
7.1.2. Cordyceps
7.1.3. Lion’s Mane
7.1.4. Turkey Tale
7.1.5. Shiitake
7.1.6. Chaga
7.1.7. Others
7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
7.2.1. Food & Beverages
7.2.2. Dietary Supplements
7.2.3. Pharmaceutical
7.2.4. Personal Care
7.2.5. Others
8. Global Functional Mushroom Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Functional Mushroom Market Analysis and Forecasts, 2022-2029
9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
9.1.1. Reishi
9.1.2. Cordyceps
9.1.3. Lion’s Mane
9.1.4. Turkey Tale
9.1.5. Shiitake
9.1.6. Chaga
9.1.7. Others
9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
9.2.1. Food & Beverages
9.2.2. Dietary Supplements
9.2.3. Pharmaceuticals
9.2.4. Personal Care
9.2.5. Others
10. North America Functional Mushroom Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Functional Mushroom Market Analysis and Forecasts, 2022-2029
11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
12. Canada Functional Mushroom Market Analysis and Forecasts, 2022-2029
12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
13. Mexico Functional Mushroom Market Analysis and Forecasts, 2022-2029
13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
14. Europe Functional Mushroom Market Analysis and Forecasts, 2022-2029
14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
15. Europe Functional Mushroom Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K. Functional Mushroom Market Analysis and Forecasts, 2022-2029
16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
17. France Functional Mushroom Market Analysis and Forecasts, 2022-2029
17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
18. Germany Functional Mushroom Market Analysis and Forecasts, 2022-2029
18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
19. Italy Functional Mushroom Market Analysis and Forecasts, 2022-2029
19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
20. Spain Functional Mushroom Market Analysis and Forecasts, 2022-2029
20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
21. Sweden Functional Mushroom Market Analysis and Forecasts, 2022-2029
21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
22. CIS Countries Functional Mushroom Market Analysis and Forecasts, 2022-2029
22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
23. Rest of Europe Functional Mushroom Market Analysis and Forecasts, 2022-2029
23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
24. Asia Pacific Functional Mushroom Market Analysis and Forecasts, 2022-2029
24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
25. Asia Pacific Functional Mushroom Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Functional Mushroom Market Analysis and Forecasts, 2022-2029
26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
27. India Functional Mushroom Market Analysis and Forecasts, 2022-2029
27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
28. Japan Functional Mushroom Market Analysis and Forecasts, 2022-2029
28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
29. South Korea Functional Mushroom Market Analysis and Forecasts, 2022-2029
29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
30. Australia Functional Mushroom Market Analysis and Forecasts, 2022-2029
30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
31. ASEAN Functional Mushroom Market Analysis and Forecasts, 2022-2029
31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
32. Rest of Asia Pacific Functional Mushroom Market Analysis and Forecasts, 2022-2029
32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
33. Middle East Africa Functional Mushroom Market Analysis and Forecasts, 2022-2029
33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
34. Middle East Africa Functional Mushroom Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Functional Mushroom Market Analysis and Forecasts, 2022-2029
35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
36. GCC Countries Functional Mushroom Market Analysis and Forecasts, 2022-2029
36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
37. Egypt Functional Mushroom Market Analysis and Forecasts, 2022-2029
37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
38. Nigeria Functional Mushroom Market Analysis and Forecasts, 2022-2029
38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
39. Rest of ME&A Functional Mushroom Market Analysis and Forecasts, 2022-2029
39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
40. South America Functional Mushroom Market Analysis and Forecasts, 2022-2029
40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
41. South America Functional Mushroom Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Functional Mushroom Market Analysis and Forecasts, 2022-2029
42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
43. Argentina Functional Mushroom Market Analysis and Forecasts, 2022-2029
43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
44. Rest of South America Functional Mushroom Market Analysis and Forecasts, 2022-2029
44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Functional Mushroom Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment
45.2.2. New Product Launches and Product Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile : Key Players
45.3.1. Mitoku Company Ltd.
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Product Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. CNC Exotic Mushrooms
45.3.3. Nammex
45.3.4. M2 Ingredients
45.3.5. Half Hill Farms
45.3.6. Real Mushrooms
45.3.7. Kettle & Fire
45.3.8. Mycotrition GmbH
45.3.9. Hirano Mushroom LLC
45.3.10. Sermatec Machines Culture Champignons
45.3.11. TANDEMUS, JSC
45.3.12. Brazilian Forest
45.3.13. Shanghai Dura Industrial Co., Ltd.
45.3.14. Golden S.P. Z O.O.
45.3.15. Georgia Herbs LLC
45.3.16. LIGAZA Ltd.
45.3.17. Funghi-Farms
45.3.18. Agro Team
46. Primary Key Insights
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