Functional Mushroom Market Size to Exceed USD 23.3 Billion by 2030 with 10.1% CAGR | In-depth Analysis, Global Market Share, Size, Industry Trends & Forecast 2023-2030
31-Aug-23 05:20:58

According to a market research study published by Zion Market Research, the demand analysis of Global Functional Mushroom Market size & share revenue was valued at around USD 15.3 Billion in 2022 and is estimated to grow about USD 23.3 billion by 2030, at a CAGR of approximately 10.1% between 2023 and 2030. The key market players are listed in the report with their sales, revenues and strategies are Samson Rope Technologies Inc., WireCo WorldGroup Inc., Yale Cordage Inc., Bridon-Bekaert Ropes Group, Lanex a.s., Southern Ropes, Teufelberger Holding AG, Atlantic Braids Ltd., Touwfabriek Langman B.V., Cortland Limited, Jiangsu Xinglong Metal Products Co., Ltd., Marlow Ropes Ltd., Katradis Marine Ropes Ind. S.A., Novabraid, Phillystran, Inc., English Braids Ltd., and Bridco Australia Pty Ltd. amongst others.

Houston, TX, April 20, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Functional Mushroom Market By Application (Food & Beverages, Pharmaceuticals, Food Supplements, And Personal Care), By Product (Lion’s Mane, Reishi, Chaga, Cordyceps, And Shilitake), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Functional Mushroom Market size & share in terms of revenue was valued at USD 15.3 Billion in 2022 and it is expected to surpass around USD 23.3 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 10.1% during the forecast period 2023 to 2030.”

What is Functional Mushroom? How big is the Functional Mushroom Industry?

Functional Mushroom Report Coverage & Overview:

Functional mushrooms are found in healthcare and pharmaceutical products. They are also available in various forms and are nutritive. Apart from this, the product is used as a health supplement by consumers. In addition to this, these products are low in fats and calories and contain vitamins & nutrients such as fiber, iron, and zinc. Furthermore, functional mushrooms consist of less sodium and no cholesterol and fats. In addition to this, they are enriched with a large number of dietary fibers and consist of a huge proportion of anti-oxidants.

Global Functional Mushroom Market: Growth Dynamics

The growth of the global functional mushroom industry over the forecast timeline can be subject to a rise in product penetration in the cosmetic & personal care industry. Apart from this, the launching of new functional mushroom flavors will further contribute to the global market size in the upcoming years. With anti-aging and moisturizing features, the market for functional mushrooms is set to gain traction in the years ahead. Growing consumer demand for protein along with a rise in the retail outlets and shops selling the product has led to massive global functional mushroom market growth. Additionally, the massive use of functional mushrooms in fast foods will expedite business growth. Moreover, changing food habits of the millennial population, youth, and baby boomers have increased the popularity as well as consumption of functional mushroom across the globe.

Nonetheless, the huge costs of functional mushroom products in comparison to their counterparts have caused a negative impact on the growth of the functional mushroom industry across the globe in recent years. Apart from this, disruption in supply chain activities can decimate the growth of the industry in the ensuing years. However, massive penetration of the product across a slew of end-use industries will provide new growth opportunities for the global industry in the upcoming years.

Functional Mushroom Market: Segmentation Analysis

The global functional mushroom market is divided into product, application, and region.

Based on the product, the global functional mushroom market is sectored into lion’s mane, cordyceps, reishi, chaga, and shilitake segments. Furthermore, the shiitake segment is projected to dominate the global market share over the assessment timeframe. The segmental growth in the coming years can be subject to a rise in product demand owing to its nutritive & medicinal benefits. Furthermore, these products enhance the body’s immunity along with promoting cardiovascular health and enhancing energy levels. Apart from this, they find extensive applications in food supplements across the globe.

On basis of the application, the global functional mushroom industry is sectored into food & beverages, food supplements, pharmaceuticals, and personal care segments. The food & beverages segment, which dominated the global functional mushroom industry share in 2022, is set to retain its global industry domination in the ensuing years. The growth of the segment in the forthcoming years can be owing to changing food habits of the customers leading to high demand for functional mushrooms as food. In addition to this, large-scale intake of functional mushrooms in diet owing to its health benefits will steer the segmental surge.

The global Functional Mushroom market is segmented as follows:

By Product

• Lion’s Mane
• Reishi
• Chaga
• Cordyceps
• Shilitake

By Application

• Food & Beverages
• Pharmaceuticals
• Food Supplements
• Personal Care

SOURCE & CREDIT: GLOBE NEWS WIRE