Canada Functional Mushroom Market Size & Outlook, 2024-2030
Global Market
Related Markets
Canada functional mushroom market highlights
- The Canada functional mushroom market generated a revenue of USD 390.5 million in 2023 and is expected to reach USD 856.9 million by 2030.
- The Canada 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 390.5 million |
| Market revenue in 2030 | USD 856.9 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, Canada accounted for 1.2% 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 North America, U.S. functional mushroom market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 8,568.2 million by 2030.
The growth of the functional mushroom market in Canada is attributed to the growing consumer concerns regarding well-being and immunity in the wake of the COVID-19 pandemic.
According to a report published by Health Canada in 2021, the per capita consumption of functional mushrooms in Canada was 1.55 kg in 2020 and is expected to grow at a significant rate over the forecast period of 2022–2030.
Increasing demand for natural ingredients-based pharmaceutical and cosmetic products owing to the changing consumer preferences is expected to be a key factor driving the growth of the functional mushroom market in Canada.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
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 |
Canada 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 37.95% in 2023.
Horizon Databook has segmented the Canada 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.
The growth of the functional mushroom market in Canada is attributed to the growing consumer concerns regarding well-being and immunity in the wake of the COVID-19 pandemic.
According to a report published by Health Canada in 2021, the per capita consumption of functional mushrooms in Canada was 1.55 kg in 2020 and is expected to grow at a significant rate over the forecast period of 2022–2030.
Increasing demand for natural ingredients-based pharmaceutical and cosmetic products owing to the changing consumer preferences is expected to be a key factor driving the growth of the functional mushroom market in Canada.
- Canada Functional Mushroom Market Product Type Outlook (Revenue, USD Million , 2018-2030)
- Reishi
- Cordyceps
- Lions Mane
- Turkey Tail
- Shiitake
- Chaga
- Others
- Canada Functional Mushroom Market Application Outlook (Revenue, USD Million , 2018-2030)
- Food and Beverage
- Dietary Supplements
- Pharmaceutical
- Others
Reasons to subscribe to Functional Mushroom Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Functional Mushroom Market Outlook databook
- Our clientele includes a mix of Functional Mushroom Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada Functional Mushroom Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Functional Mushroom Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Functional Mushroom Market, 2018-2030 (US$M)
Canada functional mushroom market statistics, by product, 2018-2030 (US$M)
