5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
Global Functional Mushroom Market is segmented by Product Type (Reishi, Cordyceps, Lion’s Mane, Turkey Tail, Shiitake, Chaga, and Other Product Types); by Application (Food and Beverage, Dietary Supplements, Personal Care, and Pharmaceutical); and by Geography.
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
Europe
Largest Market:
Asia Pacific
CAGR:
8.04 %
The global functional mushroom market is projected to grow with a CAGR of 8.04% during the forecast period (2020 - 2025).
The global functional mushroom market (henceforth, referred to as the market studied) is segmented based on product type, application, and geography. The product type is further segmented into Reishi, Cordyceps, Lion’s Mane, Turkey Tail, Shiitake, Chaga, and other product types. By application, the market is segmented into food and beverage, dietary supplements, personal care, and pharmaceutical products. On the basis of geography, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World.
By Product Type | |
Reishi | |
Cordyceps | |
Lions Mane | |
Turkey Tail | |
Shiitake | |
Chaga | |
Other Product Types |
By Application | |
Food and Beverage | |
Dietary Supplements | |
Personal Care | |
Pharmaceutical |
By Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Report scope can be customized per your requirements. Click here.
There has been a considerable shift in the lifestyles and diet habits of people over the past two decades. Urbanization and consumerism drove this shift, leading to a rapid rise in the consumption of synthetic food products, resulting in an increased incidence of lifestyle diseases. Thus, people are becoming aware of these problems. As a result, people are gradually moving toward functional foods and beverages that are promoted as being beneficial beyond basic nutrition. These products are purported to provide optimal nutrition and reduce the risk of disease occurrence. Functional foods are gaining high popularity among health-conscious consumers. During the forecasted period, the demand for medicinal mushrooms is expected to increase significantly, as these mushrooms are being incorporated in various functional food and beverages. For instance, reishi, chaga, and Turkey tails are added with coffee and cocoa. Turkey tails are mild enough to be added to soups and broths as well. Maitake and Shiitake are delicious, simply sautéed with garlic
To understand key trends, Download Sample Report
In the Asian region, China is the largest producer of mushrooms, globally. The country engages in the production of mushrooms and truffles to meet the large external and internal market demands. With the growing income levels of urban and rural Chinese consumers and with the transformation of comprehensive health awareness and consumption concept, consumers across the market are placing more importance on safety, nutrition, and consumption of healthy food with certain medical benefits. The rapid development of the catering industry stimulates the growth of mushrooms in the respective market. Catering channels are one of the crucial channels for mushroom marketing where the staff is continuously working to ensure the standard on food safety, strengthening the consciousness on raw materials’ safety, and environmental protection. techniques of medicinal mushroom and increasing demand for exotic mushroom varieties, the market for functional mushrooms in the region is expected to witness significant growth in the coming years
To understand geography trends, Download Sample Report.
The market studied is highly fragmented, with the presence of many small players in the market. Key players, such as Nammex, CNC Exotic Mushrooms, and Mitoku Company, have focused on expansion by increasing the production capacity of mushroom farms. Nammex and Hokkaido Reishi Co. Ltd are the most active companies operating in the functional mushroom market. Product innovation and expansion are the major strategies adopted by the companies in this industry, owing to the rapidly transforming nature of the market. In order to constantly fulfill the increasing demand for these products, expansion and product innovation have become the most followed strategies by key players.
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Reishi
5.1.2 Cordyceps
5.1.3 Lions Mane
5.1.4 Turkey Tail
5.1.5 Shiitake
5.1.6 Chaga
5.1.7 Other Product Types
5.2 By Application
5.2.1 Food and Beverage
5.2.2 Dietary Supplements
5.2.3 Personal Care
5.2.4 Pharmaceutical
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 South America
5.3.4.2 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Major Players
6.2 Marekt Positioning of the Key Players
6.3 Company Profiles
6.3.1 Nammex
6.3.2 Hirano Mushroom LLC
6.3.3 CNC Exotic Mushrooms
6.3.4 Mitoku Company Ltd
6.3.5 Lianfeng (Suizhou) Food Co. Ltd
6.3.6 Shanghai Finc Bio-tech Inc.
6.3.7 M2 Ingredients
6.3.8 Hokkaido Reishi Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
** Subject to Availability