Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.3 Billion | USD 23.3 Billion | 10.1% | 2022 |
FrequentlyAsked Questions
Functional mushrooms are particular kinds of fungi that provide health benefits owing to their nutritional compositions. Key advantages offered by functional mushrooms depend upon the use of functional mushrooms. Moreover, they are categorized into medicinal and adaptogenic mushrooms. Reportedly, medicinal mushrooms comprise compounds offering health benefits to consumers.
The global functional mushroom market is projected to expand over 2023-2030 due to the antioxidant, anti-wrinkle, and anti-wrinkle features of the product.
According to study, the global functional mushroom market size was $15.3 billion in 2022 and is projected to reach $23.3 billion by the end of 2030.
The global functional mushroom market is anticipated to record a CAGR of nearly 10.1% from 2023 to 2030.
The North American functional mushroom industry is set to dominate the global market surge over the forecasting period owing to an increase in the use of mushrooms as superfoods. In addition to this, growing consumption of the product in countries such as the U.S. will contribute majorly towards the regional market growth in the coming years. Rise in customer awareness pertaining to improvement in the health of an individual will steer the regional market growth.
The global functional mushroom market is led by industry players such as Way of Will Inc., Monaghan Group, Nammex, M2 Ingredients, Rebbl, Mitoku Company, Hokkaido Reishi Co. Ltd., Monterey Mushrooms Inc., Lianfeng (Suizhou) Food Co. Ltd., and Sotru.
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