Functional Mushroom Market Analysis and Global Forecast 2023-2033

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Functional Mushroom Market Research Report: Information By Type (Reishi, Cordyceps, Lion’s Mane, Turkey Tail, Shiitake, Chaga, Other Types), By Applications (Food and Beverage, Dietary Supplements, Personal Care, Pharmaceutical), and by Region — Forecast till 2033

Page: 129

Report Published on: March 16, 2025
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$ 5,520.00
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Report Code: EBI23936 Category:
Description

Functional Mushroom Market Overview

The Functional Mushroom Market size accounted for USD 30.22 Billion in 2023 and is estimated to account for 33.85 Billion in 2024. The Market is expected to reach USD 65.84 Billion by 2034 growing at a compound annual growth rate (CAGR) of 9.41% from 2024 to 2034. The Functional Mushroom Market is experiencing significant growth, driven by increasing consumer awareness of the health benefits of medicinal mushrooms. Functional mushrooms are used in dietary supplements, food and beverages, and personal care products due to their adaptogenic and immune-boosting properties.

The functional mushroom market is poised for continued growth as consumer awareness and scientific research continue to expand. The Functional Mushroom Market is expected to grow steadily, driven by the trend toward natural wellness solutions and increasing R&D in mushroom-based nutraceuticals.

Global Functional Mushroom Market Synopsis

Functional Mushroom Market AnalysisFunctional Mushroom Market Dynamics

The major factors that have impacted the growth of Functional Mushroom Market are as follows:

Drivers:

Ø  Continuous Rising Consumer Awareness of Health Benefits

Consumers are more health-conscious and actively seeking natural wellness solutions. Functional mushrooms like Reishi, Chaga, Lion’s Mane, and Cordyceps are gaining popularity for their immune-boosting, anti-inflammatory, and cognitive benefits and increasing preference for natural adaptogens over synthetic alternatives. Shift towards vegan, organic, and clean-label products. Mushrooms are a sustainable alternative to animal-based supplements and nootropic properties of Lion’s Mane support brain health, appealing to the cognitive wellness trend.

Restraint:

  • High Production & Processing Costs

Functional mushrooms require controlled environments for cultivation, increasing costs. Extraction and processing of bioactive compounds (e.g., beta-glucans, polysaccharides) require advanced technology and organic certification adds to expenses, making products more expensive for consumers. While traditional use supports functional mushrooms’ benefits, scientific studies are still limited and most research is based on animal models or small-scale human trials. The medical community is hesitant to fully endorse functional mushrooms without more robust clinical data.

Opportunity:

⮚   Personal Care and Cosmetics

Leverage the antioxidant and anti-inflammatory properties of functional mushrooms to develop skincare and haircare products and capitalize on the growing demand for natural and clean beauty products. Capitalize on the growing popularity of online shopping by establishing a strong online presence. Utilize social media and influencer marketing to reach a wider audience and Implement environmentally friendly cultivation methods to minimize the impact on natural resources.

Functional Mushroom Market Segment Overview

Functional Mushroom Market Type AnalysisBy Type

Based on Type, the market is segmented based on Reishi, Cordyceps, Lion’s Mane, Turkey Tail, Shiitake, Chaga, Other. The cordyceps segment dominant the market. Since the fifteenth century, traditional Chinese and Tibetan medicine has extensively used cordyceps mushrooms. The anti-tumor and anti-inflammatory qualities of cordyceps are what make them so popular. Traditional healers in several East Asian nations advise cordyceps mushrooms as a tonic.

By Application

Based on Application, the market segment has been divided into the Food and Beverage, Dietary Supplements, Personal Care, Pharmaceutical. The personal care segment dominant the market. Numerous mushrooms and their components are recognized to support healthy skin and hair. Phenolics, polyphenolics, terpenoids, selenium, polysaccharides, vitamins, and volatile chemical compounds are the prominent components in functional mushrooms. These ingredients are helpful for cosmetics because of their antioxidant, anti-aging, anti-wrinkle, skin-whitening, and moisturizing properties. Numerous mushrooms, including shiitake, maitake, and tremella, support skin health.

Global Functional Mushroom Market Regional Analysis

Based on region, the global Functional Mushroom Market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Functional Mushroom Market followed by the Asia-Pacific and Europe regions.

Global Functional Mushroom Market Regional AnalysisNorth America Functional Mushroom Market

North America holds a dominant position in the Functional Mushroom Market. North America is experiencing substantial growth, driven by the increasing popularity of health and wellness trends and consumers are actively seeking natural alternatives to conventional medicine. Increasing adoption of mushroom-infused beverages like coffee and tea and U.S. and Canada lead in research & innovation for mushroom-based products. Rising preference for natural & organic supplements.

Asia-Pacific Functional Mushroom Market

The Asia-Pacific region has indeed emerged as the fastest-growing market for the Functional Mushroom Market industry. Asia-Pacific is a major producer of functional mushrooms, contributing significantly to global supply and consumer demand is high, with these mushrooms integrated into daily diets and traditional remedies. China is a dominant producer of functional mushrooms and South Korea and Japan show high demand for beauty and wellness products containing mushrooms and also High consumption of mushroom-based products in food and medicine.

Competitive Landscape

The global Functional Mushroom Market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.

Prominent Players:

  • NAMMEX
  • Hirano Mushroom LLC
  • Mitoku Company Ltd
  • Lianfeng (Suizhou) Food Co. Ltd
  • Monterey Mushrooms Inc.
  • M2 Ingredients
  • Fresh Mushroom Europe NV
  • Mycotrition GmbH
  • Hokkaido Reishi Co. Ltd
  • Verhoeckx Paddenstoelen BV.

Key Development

In December 2021– Psyence Group Inc. announced that its joint venture, Goodmind, partnered with one of South Africa’s largest coffee retail chains – Vida e caffè – to roll out its available mushroom brand in South Africa.

Scope of the Report

Global Functional Mushroom Market, by Type
  • Reishi
  • Cordyceps
  • Lion’s Mane
  • Turkey Tail
  • Shiitake
  • Chaga
  • Other
Global Functional Mushroom Market, by End User
  • Food and Beverage
  • Dietary Supplements
  • Personal Care
  • Pharmaceutical
Global Functional Mushroom Market, by Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Indonesia
    • Austalia
    • Malaysia
    • India
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of SouthAmerica
  • Middle East &Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • SouthAfrica
    • Rest of Middle East & Africa

 

Parameters Indicators
Market Size 2033: USD 65.84 Billion
CAGR (2023-2033) 9.41%
Base year 2022
Forecast Period 2023-2033
Historical Data 2021 (2017 to 2020 On Demand)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Type, End User
Geographies Covered North America, Europe, Asia-Pacific, South America, Middle East, Africa
Key Vendors NAMMEX, Hirano Mushroom LLC, Mitoku Company Ltd, Lianfeng (Suizhou) Food Co. Ltd, Monterey Mushrooms Inc., M2 Ingredients, Fresh Mushroom Europe NV, Mycotrition GmbH, Hokkaido Reishi Co. Ltd and Verhoeckx Paddenstoelen BV.
Key Market Opportunities ·       Personal Care and Cosmetics

·       E-commerce and Online Retail

Key Market Drivers ·       Continuous Rising Consumer Awareness of Health Benefits

·       Increasing Demand for Plant-Based & Natural Ingredients

 

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Functional Mushroom Market trends and opportunities
  • Detailed analysis of current market drivers, restraining factors, and opportunities in the future
  • Functional Mushroom Market historical market size for the year 2021, and forecast from 2023 to 2033
  • Functional Mushroom Market share analysis at each product level
  • Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
  • To identify and understand the various factors involved in the global Functional Mushroom Market affected by the pandemic
  • To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Frequently Asked Questions (FAQ)

The global Functional Mushroom Market is growing at a CAGR of 9.41% over the next 10 years

Asia Pacific is expected to register the highest CAGR during 2023-2033

NAMMEX, Hirano Mushroom LLC, Mitoku Company Ltd, Lianfeng (Suizhou) Food Co. Ltd, Monterey Mushrooms Inc., M2 Ingredients, Fresh Mushroom Europe NV, Mycotrition GmbH, Hokkaido Reishi Co. Ltd and Verhoeckx Paddenstoelen BV. are the major companies operating in the market.

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Table of Contents

Table of Contents

Chapter 1.   Executive Summary

Chapter 2.   Scope Of The Study

                     2.1.   Market Definition

                     2.2.   Scope Of The Study

                               2.2.1.   Objectives of Report

                               2.2.2.   Limitations

                     2.3.   Market Structure

Chapter 3.   Evolve BI Methodology

Chapter 4.   Market Insights and Trends

                     4.1.   Supply/ Value Chain Analysis

                               4.1.1.   Raw End Users Providers

                               4.1.2.   Manufacturing Process

                               4.1.3.   Distributors/Retailers

                               4.1.4.   End-Use Industry

                     4.2.   Porter’s Five Forces Analysis

                               4.2.1.   Threat Of New Entrants

                               4.2.2.   Bargaining Power Of Buyers

                               4.2.3.   Bargaining Power Of Suppliers

                               4.2.4.   Threat Of Substitutes

                               4.2.5.   Industry Rivalry

                     4.3.   Impact Of COVID-19 on the Functional Mushroom Market

                               4.3.1.   Impact on Market Size

                               4.3.2.   End-Use Industry Trend, Preferences, and Budget Impact

                               4.3.3.   Regulatory Framework/Government Policies

                               4.3.4.   Key Players' Strategy to Tackle Negative Impact

                               4.3.5.   Opportunity Window

                     4.4.   Technology Overview

                     12.28.   Macro factor

                     4.6.   Micro Factor

                        4.7.   Demand Supply Gap Analysis of the Functional Mushroom Market

                        4.8.   Import Analysis of the Functional Mushroom Market

                        4.9.   Export Analysis of the Functional Mushroom Market

Chapter 5.   Market Dynamics

                     5.1.   Introduction

                     5.2.   DROC Analysis

                               5.2.1.   Drivers

                               5.2.2.   Restraints

                               5.2.3.   Opportunities

                               5.2.4.   Challenges

                     5.3.   Patent Analysis

                     5.4.   Industry Roadmap

                     5.5.   Parent/Peer Market Analysis

Chapter 6.   Global Functional Mushroom Market, By Type

                     6.1.   Introduction

                     6.2.   Reishi

                     6.3.   Cordyceps

                    6.4.   Lion's Mane

                     6.5.   Turkey Tail

                    6.6.   Shiitake

                    6.7.  Chaga

                    6.8.  Other

Chapter 7.   Global Functional Mushroom Market, By End User

                     7.1.   Introduction

                     7.2.   Food and Beverage

                     7.3.   Dietary Supplements

                    7.4.   Personal Care

                   7.5.  Pharmaceutical

Chapter 8.   Global Functional Mushroom Market, By Region

                     8.1.   Introduction

                     8.2.   North America

                               8.2.1.   Introduction

                               8.2.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                               8.2.3.   Market Size and Forecast, By Country, 2024-2034

                               8.2.4.   Market Size and Forecast, By Product Type, 2024-2034

                               8.2.5.   Market Size and Forecast, By End User, 2024-2034

                               8.2.6.   US

                                              8.2.6.1.   Introduction

                                              8.2.6.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.2.6.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.2.6.4.   Market Size and Forecast, By End User, 2024-2034

                               8.2.7.   Canada

                                              8.2.7.1.   Introduction

                                              8.2.7.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.2.7.4.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.2.7.5.   Market Size and Forecast, By End User, 2024-2034

                     8.3.   Europe

                               8.3.1.   Introduction

                               8.3.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                               8.3.3.   Market Size and Forecast, By Country, 2024-2034

                               8.3.4.   Market Size and Forecast, By Product Type, 2024-2034

                               8.3.5.   Market Size and Forecast, By End User, 2024-2034

                               8.3.6.   Germany

                                              8.3.6.1.   Introduction

                                              8.3.6.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.6.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.3.6.4.   Market Size and Forecast, By End User, 2024-2034

                               8.3.7.   France

                                              8.3.7.1.   Introduction

                                              8.3.7.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.7.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.3.7.4.   Market Size and Forecast, By End User, 2024-2034

                               8.3.8.   UK

                                              8.3.8.1.   Introduction

                                              8.3.8.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.8.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.3.8.4.   Market Size and Forecast, By End User, 2024-2034

                               8.3.9.   Italy

                                              8.3.9.1.   Introduction

                                              8.3.9.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.9.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.3.9.4.   Market Size and Forecast, By End User, 2024-2034

                               8.3.11.   Rest Of Europe

                                              8.3.11.1.   Introduction

                                              8.3.11.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.11.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.3.11.4.   Market Size and Forecast, By End User, 2024-2034

                     8.4.   Asia-Pacific

                               8.4.1.   Introduction

                               8.4.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                               8.4.3.   Market Size and Forecast, By Country, 2024-2034

                               8.4.4.   Market Size and Forecast, By Product Type, 2024-2034

                               8.12.28.   Market Size and Forecast, By End User, 2024-2034

                               8.4.6.   China

                                              8.4.6.1.   Introduction

                                              8.4.6.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.6.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.4.6.4.   Market Size and Forecast, By End User, 2024-2034

                               8.4.7.   India

                                              8.4.7.1.   Introduction

                                              8.4.7.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.7.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.4.7.4.   Market Size and Forecast, By End User, 2024-2034

                               8.4.8.   Japan

                                              8.4.8.1.   Introduction

                                              8.4.8.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.8.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.4.8.4.   Market Size and Forecast, By End User, 2024-2034

                               8.4.9.   South Korea

                                              8.4.9.1.   Introduction

                                              8.4.9.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.9.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.4.9.4.   Market Size and Forecast, By End User, 2024-2034

                               8.4.10.   Rest Of Asia-Pacific

                                              8.4.10.1.   Introduction

                                              8.4.10.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.10.3.   Market Size and Forecast, By Product Type, 2024-2034

                                              8.4.10.4.   Market Size and Forecast, By End User, 2024-2034

                     8.5.   Rest Of The World (RoW)

                               8.5.1.   Introduction

                               8.5.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                               8.5.3.   Market Size and Forecast, By Product Type, 2024-2034

                               8.5.4.   Market Size and Forecast, By End User, 2024-2034

Chapter 9.   Company Landscape

                     9.1.   Introduction

                     9.2.   Vendor Share Analysis

                     9.3.   Key Development Analysis

                     9.4.   Competitor Dashboard

Chapter 10.   Company Profiles

                     10.1.   NAMMEX

                               10.1.1.   Business Overview

                               10.1.2.   Government & Defense Analysis

                                              10.1.2.1.   Government & Defense – Existing/Funding

                               10.1.3.   Product Portfolio

                               10.1.4.   Recent Development and Strategies Adopted

                               10.1.5.   SWOT Analysis

                     10.2.   Hirano Mushroom LLC

                               10.2.1.   Business Overview

                               10.2.2.   Government & Defense Analysis

                                              10.2.2.1.   Government & Defense – Existing/Funding

                               10.2.3.   Product Portfolio

                               10.2.4.   Recent Development and Strategies Adopted

                               10.2.5.   SWOT Analysis

                     10.3.   Mitoku Company Ltd

                               10.3.1.   Business Overview

                               10.3.2.   Government & Defense Analysis

                                              10.3.2.1.   Government & Defense – Existing/Funding

                               10.3.3.   Product Portfolio

                               10.3.4.   Recent Development and Strategies Adopted

                               10.3.5.   SWOT Analysis

                     10.4.   Lianfeng (Suizhou) Food Co. Ltd

                               10.4.1.   Business Overview

                               10.4.2.   Government & Defense Analysis

                                              10.4.2.1.   Government & Defense – Existing/Funding

                               10.4.3.   Product Portfolio

                               10.4.4.   Recent Development and Strategies Adopted

                               10.12.28.   SWOT Analysis

                     10.5.   Monterey Mushrooms Inc.

                               10.5.1.   Business Overview

                               10.5.2.   Government & Defense Analysis

                                              10.5.2.1.   Government & Defense – Existing/Funding

                               10.5.3.   Product Portfolio

                               10.5.4.   Recent Development and Strategies Adopted

                               10.5.5.   SWOT Analysis

                     10.6.   M2 Ingredients

                               10.6.1.   Business Overview

                               10.6.2.   Government & Defense Analysis

                                              10.6.2.1.   Government & Defense – Existing/Funding

                               10.6.3.   Product Portfolio

                               10.6.4.   Recent Development and Strategies Adopted

                               10.6.5.   SWOT Analysis

                     10.7.   Fresh Mushroom Europe NV

                               10.7.1.   Business Overview

                               10.7.2.   Government & Defense Analysis

                                              10.7.2.1.   Government & Defense – Existing/Funding

                               10.7.3.   Product Portfolio

                               10.7.4.   Recent Development and Strategies Adopted

                               10.7.5.   SWOT Analysis

                     10.8   Mycotrition GmbH

                               10.8.1.   Business Overview

                               10.8.2.   Government & Defense Analysis

                                              10.8.2.1.   Government & Defense – Existing/Funding

                               10.8.3.   Product Portfolio

                               10.8.4.   Recent Development and Strategies Adopted

                               10.8.5.   SWOT Analysis

                     10.9   Hokkaido Reishi Co. Ltd

                               10.9.1.   Business Overview

                               10.9.2.   Government & Defense Analysis

                                              10.9.2.1.   Government & Defense – Existing/Funding

                               10.9.3.   Product Portfolio

                               10.9.4.   Recent Development and Strategies Adopted

                               10.9.5.   SWOT Analysis

                10.10.  Verhoeckx Paddenstoelen BV.

                               10.10.1.   Business Overview

                               10.10.2.   Government & Defense Analysis

                                              10.9.2.1.   Government & Defense – Existing/Funding

                               10.10.3.   Product Portfolio

                               10.10.4.   Recent Development and Strategies Adopted

                               10.10.5.   SWOT Analysis

 

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