Functional Mushroom Market Size, Share & Trends Report

Functional Mushroom Market Size, Share & Trends Analysis Report By Product Type (Reishi, Shiitake), By Application (Food & Beverage, Pharmaceutical), By Region (EU, APAC, North America), And Segment Forecasts, 2024 - 2030

Report ID: GVR-4-68039-932-0
Number of Pages: 120
Format: Electronic (PDF)

Historical Range: 2018 - 2023
Industry: Consumer Goods

Market Segmentation

Functional Mushroom Market Product Outlook (Revenue, USD Million, 2018 - 2030)
- Reishi
- Cordyceps
- Lions Mane
- Turkey Tail
- Shiitake
- Chaga
- Others
Functional Mushroom Market Application Outlook (Revenue, USD Million, 2018 - 2030)
- Food & Beverage
- Dietary Supplements
- Pharmaceutical
- Others
Functional Mushroom Market Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America Functional Mushroom Market, By Product
    - Reishi
    - Cordyceps
    - Lions Mane
    - Turkey Tail
    - Shiitake
    - Chaga
    - Others
  - North America Functional Mushroom Market, By Application
    - Food and Beverage
    - Dietary Supplements
    - Pharmaceutical
    - Others
  - U.S.
    - U.S. Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - U.S. Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - Canada
    - Canada Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Canada Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - Mexico
    - Mexico Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Mexico Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
- Europe
  - Europe Functional Mushroom Market, By Product
    - Reishi
    - Cordyceps
    - Lions Mane
    - Turkey Tail
    - Shiitake
    - Chaga
    - Others
  - Europe Functional Mushroom Market, By Application
    - Food and Beverage
    - Dietary Supplements
    - Pharmaceutical
    - Others
  - Germany
    - Germany Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Germany Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - U.K.
    - U.K. Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - U.K. Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - Italy
    - Italy Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Italy Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - The Netherlands
    - Netherlands Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Netherlands Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - Poland
    - Poland Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Poland Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
- Asia Pacific
  - Asia Pacific Functional Mushroom Market, By Product
    - Reishi
    - Cordyceps
    - Lions Mane
    - Turkey Tail
    - Shiitake
    - Chaga
    - Others
  - Asia Pacific Functional Mushroom Market, By Application
    - Food and Beverage
    - Dietary Supplements
    - Pharmaceutical
    - Others
  - China
    - China Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - China Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - India
    - India Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - India Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - Japan
    - Japan Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Japan Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - South Korea
    - South Korea Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - South Korea Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - Australia
    - Australia Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Australia Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
- Central & South America
  - Central & South America Functional Mushroom Market, By Product
    - Reishi
    - Cordyceps
    - Lions Mane
    - Turkey Tail
    - Shiitake
    - Chaga
    - Others
  - Central & South America Functional Mushroom Market, By Application
    - Food and Beverage
    - Dietary Supplements
    - Pharmaceutical
    - Others
  - Brazil
    - Brazil Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Brazil Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - Argentina
    - Argentina Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Argentina Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
- Middle East & Africa
  - Middle East & Africa Functional Mushroom Market, By Product
    - Reishi
    - Cordyceps
    - Lions Mane
    - Turkey Tail
    - Shiitake
    - Chaga
    - Others
  - Middle East & Africa Functional Mushroom Market, By Application
    - Food and Beverage
    - Dietary Supplements
    - Pharmaceutical
    - Others
  - South Africa
    - South Africa Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - South Africa Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others
  - Saudi Arabia
    - Saudi Arabia Functional Mushroom Market, By Product
      - Reishi
      - Cordyceps
      - Lions Mane
      - Turkey Tail
      - Shiitake
      - Chaga
      - Others
    - Saudi Arabia Functional Mushroom Market, By Application
      - Food and Beverage
      - Dietary Supplements
      - Pharmaceutical
      - Others

Functional Mushroom Market Dynamics

Driver: Increased demand for protein-rich foods

The consumption of a protein-rich diet has significantly increased in the past few years due to rising health awareness among consumers across the world. With increasingly busier lifestyles, consumers are unable to obtain complete nutrition through their daily diet, which prompts them to seek nutrients from packaged food products. Therefore, packaged food manufacturers are fortifying food products with nutritious ingredients such as functional mushroom powders or extracts to attract a health-conscious customer base. In addition, leading food & beverage companies are increasingly participating in the Protein Challenge 2040, an initiative started by Forum for the Future, an NGO based in London, which brings together a group of companies and civil society organizations to promote a more balanced approach to how we derive our proteins. Such initiatives are likely to promote the use of plant-based protein sources such as functional mushrooms by food companies in the coming years. In 2005, the global per capita protein consumption was 76.07 g/day, which increased to 84.83 grams/day in 2021. Furthermore, the present production of protein through livestock is negatively impacting our planetary life-support systems. To fulfill the protein needs, livestock production is also growing, which is leading to a significant increase in the emission of greenhouse gases, creating sustainability issues. Thus, a major focus is being laid on alternative protein sources. This trend is expected to boost market growth in the coming years. As per the Alliance for Science and a study by Kansas State University, as of January 2022, about 10% of Americans over the age of 18 preferred to consider themselves vegetarian or vegan. Functional mushroom offers nearly 3.3 g of protein per 100 g of serving. Therefore, the rising vegan population across the world is expected to augment the growth of the functional mushroom market.

Restraint: Limited shelf-life of functional mushrooms

Functional mushrooms have a limited shelf life ranging from one to three days due to the high-water content in them. Thus, post-harvest storage and transportation are crucial for successful functional mushroom value chain. Even after growing high-quality mushrooms, improper transportation can deteriorate their quality, thereby negatively affecting the product's final price. Most of the mushrooms, including paddy straw mushrooms, have a very limited shelf life that ranges only a few hours; thus, they must be refrigerated, processed, or preserved immediately after harvest to limit post-harvest losses. In developing countries, particularly in remote areas, inconsistent availability of electricity and refrigerated transportation often limits mushroom farming, thereby restraining the market growth. Installation of refrigerated storage is expensive; thus, new entrants in such regions restrain from entering the market. Such factors are anticipated to restrain the market growth over the forecast period.

Opportunities: Rise in demand for natural plat-based cosmetics

The global demand for natural or organic skincare products has been rapidly growing since the past several years mainly on account of increased customer awareness regarding the side effects of synthetic cosmetic products. Consumers are increasingly becoming label-conscious and seeking products made from natural ingredients. Clean label cosmetic products made from plant extracts, without the use of synthetic ingredients, are gaining considerable traction in the market. In China, 45% of female consumers using facial skincare products plan to use products derived from natural ingredients or botanical extracts to improve their skin. Thus, personal care & beauty product manufacturers are increasingly using botanical ingredients in cosmetic formulations. Mushrooms are rich sources of vitamins, antioxidants, essential oils, hydrocolloids, proteins, terpenoids, and other bioactive compounds. These compounds exhibit antioxidant, anti-inflammatory, antiseptic, and antimicrobial properties. Thus, extracts or concentrates of mushrooms are widely being utilized as ingredients to formulate topical creams, lotions, ointments, and serums. Several compounds extracted from mushrooms, such as ceramides; lentinan; schizophyllan; omega-3, - 6, and -9 fatty acids; carotenoids; and resveratrol, possess antioxidant properties. These compounds help diminish the fine lines, wrinkles, uneven tone, and improve the texture of the skin. The natural shiitake mushroom complex can help address elastase activity, which results in good skin health. Apart from antiaging benefits, mushrooms also contain anti-irritants and antioxidants including polysaccharides, triterpenes, proteins, lipids, and phenols, which stimulate the skin’s natural renewal process and help its texture.

What Does This Report Include?

This section will provide insights into the contents included in this functional mushroom market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Functional mushroom market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Functional mushroom market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

Or view our licence options:

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

ESOMAR certified & member

ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.