The global mushroom gummy market is on the brink of significant growth, projected to be valued at USD 11.14 billion in 2024 and expected to reach USD 29.97 billion by 2034, with a robust compound annual growth rate (CAGR) of 10.40% during the forecast period. This surge is driven by increasing consumer interest in functional foods and the therapeutic benefits of various mushroom types.
Key Market Drivers
As consumers increasingly seek natural, health-oriented products, mushroom gummies have emerged as a popular alternative to traditional supplements. This trend is particularly pronounced among health-conscious individuals who are looking for enjoyable, convenient ways to incorporate essential nutrients into their diets. Key market drivers include:
- Rising Demand for Functional Foods: The market is witnessing a notable shift toward functional mushrooms, with 61.3% of the market share attributed to these versatile ingredients. Their rich nutritional profile, including antioxidants and anti-inflammatory properties, supports energy, cognitive function, and overall wellness.
- Innovative Flavor Varieties: The appeal of unique flavors such as Amanita and psychedelic gummies is capturing the interest of diverse demographics. Manufacturers are innovating to meet consumer desires for exciting and distinctive flavor experiences, ensuring mushroom gummies remain relevant and engaging.
- Growing Health Consciousness: Consumers are increasingly turning to mushroom gummies for their health benefits, including immunity support and stress management. With a market share of 33.5% for wellness and immunity support, these products are being recognized for their ability to promote holistic health.
Competitive Landscape
Leading mushroom gummy manufacturers are increasingly investing in joint ventures, partnerships, mergers, and acquisitions while prioritizing research to develop innovative product lines. Prominent brands in the functional mushroom gummy sector are enhancing their offerings to meet the rising demand from the food and beverage industry.
The edible gummy market is expected to grow significantly in the coming years, driven by the expansion of cannabis dispensaries and the rising interest in pharmaceutical, vegan, and plant-based medicine options.
Recent Developments in the Mushroom Gummy Market
- In February 2024, Miami-based Edobles introduced new Mushroom Gummies, a range of mood-enhancing edibles containing natural ingredients like Reishi, Cordyceps, Lion’s Mane, Chaga Sclerotia, Maitake, and Turkey Tail mushrooms. These products enhance moods through stress reduction, adaptogenic support, and cognitive enhancement. Edobles’ unique formulas include Shroom It Out Gummies and Ground Your Body Gummies.
- In December 2023, Purity-IQ launched a tool to authenticate mushroom products using a non-targeted analytical chemistry technique, Nuclear Magnetic Resonance (NMR) spectroscopy. This method captures the whole product profile, preventing fraudulent products like Reishi and Chaga. Purity-IQ has tested mushrooms for two years and works with Nammex to verify all species.
- In October 2023, RR Brothers, a cannabis edible company, used 100 years of candy-making knowledge and functional fungi to create functional fungi cannabis gummies in Arizona. The company seeks to help people with disabilities by providing alternative delivery methods.
- In January 2023, Nevada-based cannabinoid and active ingredients brand Galaxy Treats introduced Moon Shrooms Amanita Mushroom Gummies, a psychedelic product with 350mg extract in Watermelon and Mango flavors, offering a chilled-out, psychedelic experience.
Key Companies in the Mushroom Gummy Market
- Four Sigmatic
- Real Mushrooms
- Life Cykel
- Host Defense
- Sun Potion
- FreshCap Mushrooms
- Terrasoul Superfoods
- Om Mushrooms
- Peak and Valley
- Mushroom Revival
- Harmonic Arts Botanical Dispensary
- MycoMeditations
- Superfeast
- The Nue Co
- Neurogan
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Key Segments
By Mushroom Type:
- Functional Mushrooms
- Psilocybin Mushrooms
By Application:
- Wellness and Immunity Support
- Cognitive Function
- Sleep and Relaxation
- Micronutrient Deficiencies
- Others
By End-use:
- Adults
- Men
- Women
- Pregnant Women
- Geriatric
- Kids
By Distribution Channel:
- Offline
- Hypermarkets/Supermarket
- Pharmacies
- Specialty Stores
- Practitioner
- Others
- Online
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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