Functional Mushroom Market - Growth, Trends, and Forecast (2020 - 2025)

Global Functional Mushroom Market is segmented by Product Type (Reishi, Cordyceps, Lion’s Mane, Turkey Tail, Shiitake, Chaga, and Other Product Types), Application (Food and Beverage, Dietary Supplements, Personal Care, and Pharmaceutical), and Geography.

Market Snapshot

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

Europe

Largest Market:

Asia Pacific

CAGR:

8.04 %

Major Players:

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Market Overview

The global functional mushroom market is projected to grow with a CAGR of 8.04% during the forecast period (2019 - 2024).

  • Functional mushrooms are used in a wide variety of healthcare and pharmaceutical products. This increases the applicability of these mushrooms in the food and beverage sector. The application of these mushrooms as a functional ingredient in the medical industry is driving the growth of the market, as functional mushrooms are being increasingly incorporated into health supplements.
  • The market studied is expected to experience huge demand for Reishi and Cordyceps, followed by the other types of medicinal mushrooms. Reishi, a traditional Chinese medicine, is also known as the “Elixir of Life”, as well as the “Mushroom of Immortality”. 

 

Scope of the Report

The 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 region, 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
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa

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Key Market Trends

Shiitake mushrooms are Growing At a Faster Pace

Shiitake mushrooms are native to East Asia and they are most popular in China, Japan, and Korea. They are primarily considered as medicinal mushrooms, due to their health-promoting properties. These mushrooms are widely used in the food industry for their rich texture and smoky flavor. Moreover, they gained popularity primarily due to their various nutritional and medicinal benefits. They help in weight loss, support cardiovascular health, fight cancer cells, improve energy levels and brain function, reduce inflammation, and support the immune system,thus arewidely being accepted in various pharama industries

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APAC Holds A Major Share in The Global Market

In the Asian region, China is the largest producer of mushrooms, globally. The country engages in the production of mushroom and truffles to meet the large external and internal market demands. With 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. Rapid development of the catering industry stimulates the growth of mushrooms in the respective market. Catering channels are one of the crucial channels for mushrooms 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

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Competitive Landscape

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.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Reishi

      2. 5.1.2 Cordyceps

      3. 5.1.3 Lions Mane

      4. 5.1.4 Turkey Tail

      5. 5.1.5 Shiitake

      6. 5.1.6 Chaga

      7. 5.1.7 Other Product Types

    2. 5.2 By Application

      1. 5.2.1 Food and Beverage

      2. 5.2.2 Dietary Supplements

      3. 5.2.3 Personal Care

      4. 5.2.4 Pharmaceutical

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted by Major Players

    2. 6.2 Most Active Companies

    3. 6.3 Company Profiles

      1. 6.3.1 Nammex

      2. 6.3.2 Hirano Mushroom LLC

      3. 6.3.3 CNC Exotic Mushrooms

      4. 6.3.4 Mitoku Company Ltd

      5. 6.3.5 Lianfeng (Suizhou) Food Co. Ltd

      6. 6.3.6 Shanghai Finc Bio-tech Inc.

      7. 6.3.7 M2 Ingredients

      8. 6.3.8 Hokkaido Reishi Co. Ltd

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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