Brazil Functional Mushroom Market Size & Outlook, 2024-2030
Global Market
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Brazil functional mushroom market highlights
- The Brazil functional mushroom market generated a revenue of USD 448.3 million in 2023 and is expected to reach USD 981.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, shiitake was the largest revenue generating product in 2023.
- Reishi is the most lucrative product segment registering the fastest growth during the forecast period.
Functional mushroom market data book summary
| Market revenue in 2023 | USD 448.3 million |
| Market revenue in 2030 | USD 981.4 million |
| Growth rate | 12.1% (CAGR from 2024 to 2030) |
| Largest segment | Shiitake |
| Fastest growing segment | Reishi |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reishi, Cordyceps, Lions Mane, Turkey Tail, Shiitake, Chaga |
| Key market players worldwide | Way Of Will, M2 Ingredients, Monterey Mushrooms, REBBL, SoTru, North American Medicinal Mushroom Extracts, Monaghan |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.4% of the global functional mushroom market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil functional mushroom market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 981.4 million by 2030.
A majority of the domestic demand for functional mushrooms in Brazil is fulfilled by domestic production and the remaining by imports from China.
Growing population levels, higher urbanization rates, and rising income levels in the country are affecting consumer preferences. The increasing prevalence of fast-food services, restaurants, and hotels is expected to drive the demand for processed functional mushrooms in the country.
Functional mushrooms are more expensive than other vegetables in the country owing to the supply-demand gap. Increasing demand and limited supply are expected to increase functional mushroom prices over the forecast period.
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Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| North American Medicinal Mushroom Extracts | View profile | 1-10 | Gibsons, British Columbia, Canada, North America | www.nammex.com/ |
| Way Of Will | View profile | 1-10 | Toronto, Ontario, Canada, North America | www.wayofwill.com/ |
| M2 Ingredients | View profile | 101-250 | Carlsbad, California, United States, North America | www.m2ingredients.com |
| Monterey Mushrooms | View profile | 1001-5000 | Watsonville, California, United States, North America | www.montereymushrooms.com/ |
| REBBL | View profile | 11-50 | Emeryville, California, United States, North America | rebbl.co |
| SoTru | View profile | 1-10 | San Diego, California, United States, North America | www.sotru.com |
| Monaghan | View profile | 11-50 | Ossett, Wakefield, United Kingdom, Europe | www.monaghan-AS1.co.uk |
Brazil Functional Mushroom Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Functional Mushroom Market Outlook will help companies and investors design strategic landscapes.
Shiitake was the largest segment with a revenue share of 37.59% in 2023.
Horizon Databook has segmented the Brazil functional mushroom market based on reishi, cordyceps, lions mane, turkey tail, shiitake, chaga covering the revenue growth of each sub-segment from 2018 to 2030.
A majority of the domestic demand for functional mushrooms in Brazil is fulfilled by domestic production and the remaining by imports from China.
Growing population levels, higher urbanization rates, and rising income levels in the country are affecting consumer preferences. The increasing prevalence of fast-food services, restaurants, and hotels is expected to drive the demand for processed functional mushrooms in the country.
Functional mushrooms are more expensive than other vegetables in the country owing to the supply-demand gap. Increasing demand and limited supply are expected to increase functional mushroom prices over the forecast period.
- Brazil Functional Mushroom Market Product Type Outlook (Revenue, USD Million , 2018-2030)
- Reishi
- Cordyceps
- Lions Mane
- Turkey Tail
- Shiitake
- Chaga
- Others
- Brazil Functional Mushroom Market Application Outlook (Revenue, USD Million , 2018-2030)
- Food and Beverage
- Dietary Supplements
- Pharmaceutical
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Functional Mushroom Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Functional Mushroom Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Functional Mushroom Market, 2018-2030 (US$M)
Brazil functional mushroom market statistics, by product, 2018-2030 (US$M)
