Adaptogenic Mushrooms Market Size, Share & Trends Analysis Report By Product (Reishi, Chaga, Turkey Tail), By Application (Immunity Booster), By Form, By Region, And Segment Forecasts, 2023 - 2030

Adaptogenic Mushrooms Market Size, Share & Trends Analysis Report By Product (Reishi, Chaga, Turkey Tail), By Application (Immunity Booster), By Form, By Region, And Segment Forecasts, 2023 - 2030

Adaptogenic Mushrooms Market Growth & Trends

The global adaptogenic mushrooms market size is expected to reach USD 26.62 billion by 2030, to expand at a CAGR of 10.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. growing popularity for mushroom blends coupled with rising consumer interest towards plant-based foods worldwide are the major factors driving the demand. The rise in number of consumers adopting a balanced diet is boosting the demand for adaptogenic mushrooms. Consumers are becoming more conscious of environmental impact of mushroom cultivation and the ethics of harvesting wild mushrooms. Several consumers are looking for products that are grown without the use of harmful chemicals. Additionally, some consumers are looking for products that use mushrooms that are harvested sustainably and ethically, which can help to preserve the wild mushroom population.

In addition, adaptogenic mushrooms continue to grow in popularity, as they are being incorporated into a wide range of products beyond traditional supplements. This includes teas, coffees, elixirs, and powders. These products make it easier for consumers to incorporate adaptogenic mushrooms into their daily routines and enjoy their potential health benefits.

Also, easy availability of mushrooms and rising popularity of DIY mushroom cultivation is promoting the demand for the overall market.The trend of rising interest in DIY mushroom cultivation reflects a growing interest in sustainable and natural health practices. As more consumers become interested in adaptogenic mushrooms, it is likely that this trend will continue to grow in popularity.

Asia Pacific is anticipated to grow at a substantial CAGR from 2022-2030 due to an increase in the consumption of healthy food products. In Asia, traditional medicine has long incorporated the use of mushrooms for various health benefits, and this cultural heritage has contributed to the growing popularity of adaptogenic mushrooms. Additionally, the increasing interest in natural and plant-based ingredients has also driven the demand for adaptogenic mushrooms in beverage applications.

In addition, the food and beverage industry in Asia Pacific is experiencing massive growth and is looking for innovative ingredients to improve the nutritional profile and functional properties of its products. Adaptogenic mushrooms offer a range of benefits, such as shelf-life, and stability, making them an attractive option for beverage manufacturers in the region.

Adaptogenic Mushrooms Market Report Highlights

• Reishi held the largest market share in 2021 owing to its easy availability and presence of health benefits
• Stress & Anxiety segment emerged as the largest application segment with the highest revenue share in 2021 owing to rising demand for wellness products among consumers
• Processed segment in the form segment is expected to expand at a significant CAGR from 2022-2030. The growth can be attributed to rising consumer demand for functional food and beverages
• Asia Pacific is estimated to grow significantly over the forecast period owing to the growing demand for healthy foods in the region.

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