Global Functional Mushroom Market Size, Trends, Growth Opportunity, By Product Type, By Distribution Channel, By Nature, By Form, By Application, By Region and Forecast till 2027.

Global Functional Mushroom Market Size, Trends, Growth Opportunity, By Product Type, By Distribution Channel, By Nature, By Form, By Application, By Region and forecast till 2027.

The Global Functional Mushroom Market

The Global Functional Mushroom Market was valued at USD 8.45 Billion in 2021 is anticipated to reach USD 11.5 Billion by 2027 at a CAGR of 8.04% from 2022-2027.

Mushrooms are a type of vegetable with a fleshy fungus that contains vitamins, potassium, and selenium. A controlled climate is necessary for mushrooms in order to have enough light, humidity, ventilation, temperature, nutrients, pH, and air pressure. These particular mushrooms are well renowned for being high in antioxidants and nutritional content, with numerous health benefits associated with them. Due to their therapeutic qualities and advantages as nutrients, these mushrooms have been consumed for hundreds of years. Their popularity is on the rise as a result of the extensive study done over the years and the rising desire for all-natural health remedies.

Low-fat and low-calorie foods are preferred by those who value their health. In addition to being high in vitamins and nutrients like iron, zinc, and fibre, mushrooms are low in calories. They don't have any fat or cholesterol and have little sodium. Reishi, button, lion mane, crimini, and portabella mushrooms, among others, are high in total dietary fibre, according to a study.

Market Drivers

Due to their high antioxidant content, mushrooms help the body in strengthening itself and battling sickness. The demand for functional mushrooms is anticipated to increase as a result of their nutritional qualities. Functional mushroom powder is increasingly being used as a component in cosmetic and personal care products. This is because it makes an excellent ingredient for cosmetics due to its exceptional antioxidant, anti-aging, anti-wrinkle, skin whitening, and moisturising effects. As a result, a number of global corporations are steadily creating and releasing personal care products using functional mushrooms as their main component that helps in grow the market.

Numerous scientific and medical investigations on these mushrooms have revealed potential for enhancing both innate and adaptive immune systems. The market is growing as a result of people's increasing use of functional meals and beverages, which are becoming more popular due to their advantages over basic nutrition foods. Customers who are concerned about their health are becoming more habituated to these functional foods. During the forecast period, it is anticipated that all of these factors would fuel market expansion. Sales in the business are anticipated to increase as key firms increase their spending in the launch of new products.

Market Restraints

Because mushrooms have a finite shelf life and may restrict the expansion of the functional mushroom market, post-harvest storage and transportation of mushrooms is critical. The high market presence of alternative protein replacements is the main factor limiting market expansion. Furthermore, the high cost of goods may also limit market expansion. While the expansion of this target market is being lucratively aided by rising expenditure on unusual mushroom varieties. The application of strict laws on the sale of functional mushroom products is a challenge in the face of market expansion.

Impact of COVID-19

The functioning mushroom market has been significantly harmed by the spread of COVID-19 because to a lack of staff, which in turn has hindered production capacity. Additionally, growers had to rely only on supermarkets and online retailers to market the mushroom goods as wholesale markets had to close. As a result, the pandemic had a significant impact on the market for functional mushrooms.

Market Segmentation

The Global Functional Mushroom Market is segmented into Product Type, Distribution Channel, Channel, Application. By Product Type such as Reishi, Cordyceps, Lions Mane, Turkey Tail, Shiitake, Chaga, Others. By Distribution Channel such as Supermarket/Hypermarket, Online Stores, Specialty Stores, convenience stores. By Nature, such as Organic, Conventional. By Form such as Liquid Sprays and Drinks, Powders, Capsules or Supplements, Others. By Application such as Food and Beverage, Pharmaceutical, nutraceutical & dietary supplements, Personal Care & Cosmetics, Pet Care Industry, Sports Nutrition and Functional Items.

Regional Analysis

The Global Functional Mushroom Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Because most mushrooms are grown in China, the Asia Pacific region accounted for more than 53% of industry revenue in 2021. The primary driver of industry growth is the rising demand for these mushrooms as a result of their potential as functional foods. Due to an increase in the use of these mushrooms in diets as a better food option, there is also a big demand for these mushrooms in the food and beverage business in the Asia Pacific. From 2022 to 2028, North America is anticipated to see a CAGR of 11.1 percent. This is due to an increase in the use of these mushrooms as superfoods in diets. Because they are a better option to many other nutrient-dense foods, these mushrooms are becoming more and more popular in developed nations.

Key Players

Various Key Players are listed in this report such as New Wave Holdings Corp, M2 Ingredients, Nammex, CNC Exotic Mushrooms, Mitoku Company, Hokkaido Reishi Co. Ltd, Shanghai Finc Bio-tech Inc, Lianfeng (Suizhou) Food Co. Ltd, Hirano Mushroom LLC.

Market Taxonomy

By Product Type

• Reishi
• Cordyceps
• Lions Mane
• Turkey Tail
• Shiitake
• Chaga
• Others.

• Supermarket/Hypermarket
• Online Stores
• Specialty Stores
• convenience stores.

• Organic
• Conventional

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

• Food and Beverage
• Pharmaceutical
• nutraceutical & dietary supplements
• Personal Care & Cosmetics
• Pet Care Industry
• Sports Nutrition and Functional Items.

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa