Latin America Functional Mushroom Market Size & Outlook
Global Market
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Latin America functional mushroom market highlights
- The Latin America functional mushroom market generated a revenue of USD 973.0 million in 2023.
- The market is expected to grow at a CAGR of 11.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 973.0 million |
| Market revenue in 2030 | USD 2,072.2 million |
| Growth rate | 11.6% (CAGR from 2024 to 2030) |
| Largest segment | Shiitake |
| Fastest growing segment | Reishi |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 3.1% of the global functional mushroom market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 11,988.2 million by 2030.
South American countries such as Brazil and Chile grow a variety of functional mushrooms on both farms and in the wild. However, Chilean mushrooms are specifically popular as an exotic food ingredient in European countries and are also a part of domestic recipes.
Chile and Peru are important exporters of functional mushrooms to European countries including Germany, France, and Poland. Functional mushroom cultivation in Brazil is on the rise owing to multiple discoveries related to their medicinal uses.
Favorable demographic conditions and higher demand for immunity-boosting health products in the region are expected to benefit the 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 |
Latin America 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 37.63% in 2023.
Horizon Databook has segmented the Latin America 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.
South American countries such as Brazil and Chile grow a variety of functional mushrooms on both farms and in the wild. However, Chilean mushrooms are specifically popular as an exotic food ingredient in European countries and are also a part of domestic recipes.
Chile and Peru are important exporters of functional mushrooms to European countries including Germany, France, and Poland. Functional mushroom cultivation in Brazil is on the rise owing to multiple discoveries related to their medicinal uses.
Favorable demographic conditions and higher demand for immunity-boosting health products in the region are expected to benefit the functional mushroom market over the forecast period.
- Latin America Functional Mushroom Market Product Type Outlook (Revenue, USD Million , 2018-2030)
- Reishi
- Cordyceps
- Lions Mane
- Turkey Tail
- Shiitake
- Chaga
- Others
- Latin America 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 continent-level data and insights on the Latin America Functional Mushroom Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Functional Mushroom Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Functional Mushroom Market, 2018-2030 (US$M)
Latin America functional mushroom market statistics, by product, 2018-2030 (US$M)
