The Journey from US$ 9,324.7 Million to US$ 22,023.8 Million in the Global Functional Mushroom Market 2022-2033

The global functional mushroom market value in 2022 was calculated to be approximately US$ 9,324.7 million. According to FMI, it will expand at a 9% annual pace between 2023 and 2033. By the conclusion of the projected period, it further projects that the total valuation would have reached US$ 22,023.8 million.

The recent spike in the use of functional mushrooms as a healthy replacement in regular diets offers significant development potential for the industry. It is anticipated that the global market for functional mushrooms would grow as more younger generations switch to vegan diets. A greater understanding among consumers of the products’ capacity to maintain overall health and well-being may facilitate market growth.

Access our Sample Report for Insights into the Thriving Global Market, Growth Trends, and Health Benefits. Get Your PDF Summary Now @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14440

The Asia Pacific countries are anticipated to have higher growth during the forecast years since the majority of mushrooms are grown in tropical areas. It may be related to growing interest in edible mushrooms as superfoods that improve food security in impoverished nations. They are also growing in popularity in industrialised countries as a superior replacement for a variety of other nutrient-dense meals.

The expanding urban population and rising expenditures on meals with functional enhancements are two more crucial factors. Due to its substantial food and beverage sectors, Germany has a stronger need for functional mushrooms than other European nations.

Key Takeaways from this Report:

  • Based on geographic regions, the sales of functional mushrooms in the United States constituted 16.4% of the global revenue in 2022.
  • The overall demand for functional mushrooms in Germany generated a global revenue share of around 6.6% as per the 2022 records. Meanwhile, the United Kingdom is anticipated to increase at a higher rate of nearly 5.9% through 2033.
  • Japan is the leading country in the Asia Pacific region and it held a global market share of around 7.3% in the year 2022. On the other hand, China is expected to overtake it soon by capturing a 4.5% CAGR between the years 2023 and 2033.
  • The production of functional mushrooms in India is anticipated to increase at the quickest rate of nearly 8.9% during the anticipated period.
  • Back in the year 2022, the organic segment led the global market in terms of nature and was responsible for a revenue share of more than 21.3%.
  • The powdered product segment led the market and was responsible for a revenue share of nearly 23.7% in the year 2022. This was brought on by the product’s increased popularity due to its higher storage and transport feasibility.

Competitive Landscape:

  • Hokkaido Reishi Co., Ltd.
  • Om Mushrooms
  • Rainbo
  • Nammex
  • Half Hill Farm Inc.
  • Marley One
  • Optimi Health Corp.
  • Wuling (Fuzhou) Biotechnology Co., Ltd.
  • Landish Foods
  • Functional Mushrooms
  • Hekate
  • Others

The Marley Company introduced the Marley One psychedelic and functional mushroom consumer brand in June 2021 in collaboration with Silo Wellness Incorporation. Silo Wellness is a significant Toronto-based psychedelic business working on enhancing immunity and supporting gastrointestinal health and cognitive function. The first product line contains a range of tinctures made from functional mushrooms, such as lion’s mane, cordyceps, reishi, turkey tail, and Chaga.

Elevate Your Wellbeing: Discover the Power of Functional Mushrooms with Insights from Our Comprehensive Report. Embrace a Healthier Future – Buy Now :
https://www.futuremarketinsights.com/checkout/1440

Key Segmentation:

By Nature:

  • Organic
  • Conventional

By Product Species:

  • Reishi
  • Shiitake
  • Lion’s Mane
  • Chaga
  • Maitake
  • Cordyceps
  • Tremella
  • Turkey Tail
  • Enokitake
  • Oyster Mushrooms
  • Others

By Form:

  • Liquid Sprays and Drinks
  • Powders
  • Capsules or Supplements
  • Others

By Application:

  • Food & Beverages
  • Nutraceuticals & Dietary Supplements
  • Pharmaceutical
  • Sports Nutrition and Functional Items
  • Cosmetics & Personal Care
  • Pet Care Industry
  • Other Applications

By Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • East Asia Market
  • South Asia Market
  • Oceania Market
  • The Middle East & Africa (ME&A) Market

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these