China Functional Mushroom Market Size & Outlook, 2024-2030
Global Market
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China functional mushroom market highlights
- The China functional mushroom market generated a revenue of USD 7,626.7 million in 2023 and is expected to reach USD 15,039.3 million by 2030.
- The China market is expected to grow at a CAGR of 10.4% 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 7,626.7 million |
| Market revenue in 2030 | USD 15,039.3 million |
| Growth rate | 10.4% (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, China accounted for 24.1% 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 Asia Pacific, China functional mushroom market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,433.8 million by 2030.
High land availability and a suitable environment for the cultivation of functional mushrooms coupled with the availability of cost-effective cultivation methods and labor make China the leading country in the functional mushroom market.
The 2016–2020 National Fitness Plan in the country aimed to increase sports participation and improve fitness among people. This boosted the demand for functional mushrooms in the sports nutrition industry in the country.
Increasing investments in technological advancements to improve cultivation practices and boost output are also expected to drive the growth of the Chinese functional mushroom market 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 |
China 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 37.39% in 2023.
Horizon Databook has segmented the China 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.
High land availability and a suitable environment for the cultivation of functional mushrooms coupled with the availability of cost-effective cultivation methods and labor make China the leading country in the functional mushroom market.
The 2016–2020 National Fitness Plan in the country aimed to increase sports participation and improve fitness among people. This boosted the demand for functional mushrooms in the sports nutrition industry in the country.
Increasing investments in technological advancements to improve cultivation practices and boost output are also expected to drive the growth of the Chinese functional mushroom market over the forecast period.
- China Functional Mushroom Market Product Type Outlook (Revenue, USD Million , 2018-2030)
- Reishi
- Cordyceps
- Lions Mane
- Turkey Tail
- Shiitake
- Chaga
- Others
- China 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 China Functional Mushroom Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Functional Mushroom Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Functional Mushroom Market, 2018-2030 (US$M)
China functional mushroom market statistics, by product, 2018-2030 (US$M)
