Functional Mushroom Market - Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2021 - 2026

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Functional Mushroom Market Overview

The Functional Mushroom Market size is forecast to reach $16.83 billion by 2026, growing at a CAGR of 7.49% during the forecast period 2021-2026. Functional mushrooms are a modified type of mushroom variety that has the added benefits as compared to the traditional mushroom varieties. They are highly nutritious and have several medicinal and flavour-enhancing benefits. They are known to include some of the most nourishing health nutrients and include several commonly required vitamins by the human body. Increasing application of these mushrooms as a functional ingredient in the medical industry and rise in awareness associated with the consumption of functional food and ingredient is the major factor driving the growth of the market. Rising demand for functional mushrooms from various end-use industries is set to further enhance the overall market demand for the Functional Mushroom Market during the forecast period 2021-2026.

Functional Mushroom Market Report Coverage

The report: “Functional Mushroom Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Functional Mushroom Market. 
By Product Type: Reishi, Cordyceps, Lions Mane, Turkey Tail, Shiitake, Chaga, and Others
By Applications: Food & Beverage, Dietary Supplements, Personal Care, and Pharmaceutical
By Geography: North America, Europe, Asia Pacific, and Rest of the World (RoW)

Key Takeaways

  • The Asia Pacific dominated the Functional Mushroom Market in 2020 owing to the growing income levels of urban and rural Chinese consumers and with the transformation of comprehensive health awareness and consumption. The Functional Mushroom Market scope for different regions will be provided in the final report.
  • The rise in awareness associated with the consumption of functional food & ingredients and the rise in demand for applications of functional mushrooms is likely to aid in the market growth of the Functional Mushroom Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Functional Mushroom Market report.
  • Lack of ability to be included in other recipes is poised to create hurdles for the Functional Mushroom Market.

Functional Mushroom Market Segment Analysis - By Product Type

The Shiitake held the largest share in the Functional Mushroom Market in 2020 and is estimated to grow at a CAGR of 8.29% during the forecast period 2021-2026 owing to their health-promoting properties. Shiitake mushrooms are widely used in the food industry for their rich texture and smoky flavour. Moreover, they gained popularity primarily owing 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 are widely being accepted in various pharma industries. Cordyceps is a genus of parasitic fungi that grows on the larvae of insects. When these fungi attack their host, they replace their tissue and sprout long, slender stems that grow outside the host's body. Shiitake is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2021-2026.

Functional Mushroom Market Segment Analysis - By Applications

Food & Beverage held the largest share in the Functional Mushroom Market in 2020. Mushrooms have become attractive as a functional food and as a source of drugs and nutraceuticals owing to their antioxidant, antitumor, and antimicrobial properties. The mushroom protein contains all the nine essential amino acids required by humans. Functional mushrooms offer some specific benefits, but they aren’t particularly hard to include in recipes or incorporate into a variety of other preparations, like house teas and infused beverages. They assist in weight loss, support cardiovascular health, fight cancer cells, improve energy levels and brain function, reduce inflammation, and boost the immune system, therefore are extensively being accepted in various pharma industries. Food & Beverage is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2021-2026.

Functional Mushroom Market Segment Analysis - By Geography

Asia Pacific dominated the Functional Mushroom Market in 2020 with a share of more than 39.10%, followed by North America owing to the growing income levels of urban and rural Chinese consumers and with the transformation of comprehensive health awareness and consumption, 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 is also increasing the growth of the Functional Mushroom Market in this region.
However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the government regulations that are 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 is also poised to have a positive impact on the market.

Functional Mushroom Market Drivers

Rise in awareness associated with the consumption of functional food and ingredients

The rise in awareness associated with the consumption of functional food and ingredients is increasing the growth of the Functional Mushroom Market. Functional foods provide important nutrients that can help protect against disease. Many are especially rich in antioxidants. These molecules help neutralize harmful compounds known as free radicals, helping prevent cell damage and certain chronic conditions, including heart disease, cancer, and diabetes. Other types are rich in fiber, which can promote better blood sugar control and protect against conditions like diabetes, obesity, heart disease, and stroke. Fiber can also help prevent digestive disorders, including diverticulitis, stomach ulcers, haemorrhoids, and acid reflux. It helps to prevent nutrient deficiencies, protect against disease, and promote proper growth and development. Thus, increasing the growth of the Functional Mushroom Market during the forecast period 2021-2026.

Rising demand for functional mushroom from various end-use industries

Rising demand for functional mushrooms from various end-use industries is increasing the growth of the Functional Mushroom Market. Mushrooms have become attractive as a functional food and as a source of drugs and nutraceuticals owing to their antioxidant, antitumor, and antimicrobial properties. Mushrooms have become attractive as a functional food and as a source of drugs and nutraceuticals owing to their antioxidant, antitumor, and antimicrobial properties. Thus, increasing the growth of the Functional Mushroom Market during the forecast period 2021-2026.

Functional Mushroom Market Challenges

Lack of ability to be included in other recipes 

Some of the factors that are set to impede the growth of the Functional Mushroom Market are the lack of ability to be included in other recipes.

Functional Mushroom Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Functional Mushroom Market. In 2020, the Functional Mushroom Market share is consolidated by the top ten players present in the market. Functional Mushroom Market, the top 10 companies are Half Hill Farm Inc, Real Mushrooms, Pan's Mushroom Jerky, Om Organic Mushroom Nutrition, Yuguo Farms, Four Sigmatic, The Mushroom Company, Banken Champignons Groep BV, Okechamp SA Bonduelle, Modernmush, Monaghan Mushrooms, and Monterey Mushrooms Inc. among others.

Acquisitions/Product Launches

  • In January 2018, Four Sigmatic announced the launch of medicinal mushroom-infused coffee products that are aimed at improving the health of individuals that consume particular products.

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1. Functional Mushroom Market  - Overview
    1.1 Definitions and Scope
2. Functional Mushroom Market  - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Applications
    2.4 Key trends by Geography
3. Functional Mushroom Market  – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Functional Mushroom Market  - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Functional Mushroom Market  – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Functional Mushroom Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Functional Mushroom Market  – Strategic Analysis
    7.1 Value Chain Analysis
    7.2  Opportunities Analysis
    7.3 Market Life Cycle
8. Functional Mushroom Market – By Product Type(Market Size –$Million/$Billion)
    8.1 Reishi
    8.2 Cordyceps
    8.3 Lions Mane
    8.4 Turkey Tail
    8.5 Shiitake
    8.6 Change
    8.7 Others
9. Functional Mushroom Market – By Applications (Market Size –$Million/$Billion)
    9.1 Food & Beverage
    9.2 Dietary Supplements
    9.3 Personal Care
    9.4 Pharmaceutical
10. Functional Mushroom Market  -  By Geography(Market Size –$Million/$Billion) 
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
        10.4.3 South America
11. Functional Mushroom Market  - Entropy
12. Functional Mushroom Market  – Industry/Segment Competition Landscape      Premium  
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. Functional Mushroom Market  – Key Company List by Country Premium  Premium
14. Functional Mushroom Market  Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Reishi Market 2019-2024 ($M)
1.1.2 Cordyceps Market 2019-2024 ($M)
1.1.3 Lions Mane Market 2019-2024 ($M)
1.1.4 Tail Market 2019-2024 ($M)
1.1.5 Shiitake Market 2019-2024 ($M)
1.1.6 Chaga Market 2019-2024 ($M)
1.2 By Application Market 2019-2024 ($M) - Global Industry Research
1.2.1 Food and Beverage Market 2019-2024 ($M)
1.2.2 Dietary Supplements Market 2019-2024 ($M)
1.2.3 Personal Care Market 2019-2024 ($M)
1.2.4 Pharmaceutical Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Reishi Market 2019-2024 (Volume/Units)
3.1.2 Cordyceps Market 2019-2024 (Volume/Units)
3.1.3 Lions Mane Market 2019-2024 (Volume/Units)
3.1.4 Tail Market 2019-2024 (Volume/Units)
3.1.5 Shiitake Market 2019-2024 (Volume/Units)
3.1.6 Chaga Market 2019-2024 (Volume/Units)
3.2 By Application Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Food and Beverage Market 2019-2024 (Volume/Units)
3.2.2 Dietary Supplements Market 2019-2024 (Volume/Units)
3.2.3 Personal Care Market 2019-2024 (Volume/Units)
3.2.4 Pharmaceutical Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Reishi Market 2019-2024 ($M)
5.1.2 Cordyceps Market 2019-2024 ($M)
5.1.3 Lions Mane Market 2019-2024 ($M)
5.1.4 Tail Market 2019-2024 ($M)
5.1.5 Shiitake Market 2019-2024 ($M)
5.1.6 Chaga Market 2019-2024 ($M)
5.2 By Application Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Food and Beverage Market 2019-2024 ($M)
5.2.2 Dietary Supplements Market 2019-2024 ($M)
5.2.3 Personal Care Market 2019-2024 ($M)
5.2.4 Pharmaceutical Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Reishi Market 2019-2024 ($M)
7.1.2 Cordyceps Market 2019-2024 ($M)
7.1.3 Lions Mane Market 2019-2024 ($M)
7.1.4 Tail Market 2019-2024 ($M)
7.1.5 Shiitake Market 2019-2024 ($M)
7.1.6 Chaga Market 2019-2024 ($M)
7.2 By Application Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Food and Beverage Market 2019-2024 ($M)
7.2.2 Dietary Supplements Market 2019-2024 ($M)
7.2.3 Personal Care Market 2019-2024 ($M)
7.2.4 Pharmaceutical Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Reishi Market 2019-2024 ($M)
9.1.2 Cordyceps Market 2019-2024 ($M)
9.1.3 Lions Mane Market 2019-2024 ($M)
9.1.4 Tail Market 2019-2024 ($M)
9.1.5 Shiitake Market 2019-2024 ($M)
9.1.6 Chaga Market 2019-2024 ($M)
9.2 By Application Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Food and Beverage Market 2019-2024 ($M)
9.2.2 Dietary Supplements Market 2019-2024 ($M)
9.2.3 Personal Care Market 2019-2024 ($M)
9.2.4 Pharmaceutical Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Reishi Market 2019-2024 ($M)
11.1.2 Cordyceps Market 2019-2024 ($M)
11.1.3 Lions Mane Market 2019-2024 ($M)
11.1.4 Tail Market 2019-2024 ($M)
11.1.5 Shiitake Market 2019-2024 ($M)
11.1.6 Chaga Market 2019-2024 ($M)
11.2 By Application Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Food and Beverage Market 2019-2024 ($M)
11.2.2 Dietary Supplements Market 2019-2024 ($M)
11.2.3 Personal Care Market 2019-2024 ($M)
11.2.4 Pharmaceutical Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Reishi Market 2019-2024 ($M)
13.1.2 Cordyceps Market 2019-2024 ($M)
13.1.3 Lions Mane Market 2019-2024 ($M)
13.1.4 Tail Market 2019-2024 ($M)
13.1.5 Shiitake Market 2019-2024 ($M)
13.1.6 Chaga Market 2019-2024 ($M)
13.2 By Application Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Food and Beverage Market 2019-2024 ($M)
13.2.2 Dietary Supplements Market 2019-2024 ($M)
13.2.3 Personal Care Market 2019-2024 ($M)
13.2.4 Pharmaceutical Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Functional Mushroom Market Revenue, 2019-2024 ($M)
2.Canada Functional Mushroom Market Revenue, 2019-2024 ($M)
3.Mexico Functional Mushroom Market Revenue, 2019-2024 ($M)
4.Brazil Functional Mushroom Market Revenue, 2019-2024 ($M)
5.Argentina Functional Mushroom Market Revenue, 2019-2024 ($M)
6.Peru Functional Mushroom Market Revenue, 2019-2024 ($M)
7.Colombia Functional Mushroom Market Revenue, 2019-2024 ($M)
8.Chile Functional Mushroom Market Revenue, 2019-2024 ($M)
9.Rest of South America Functional Mushroom Market Revenue, 2019-2024 ($M)
10.UK Functional Mushroom Market Revenue, 2019-2024 ($M)
11.Germany Functional Mushroom Market Revenue, 2019-2024 ($M)
12.France Functional Mushroom Market Revenue, 2019-2024 ($M)
13.Italy Functional Mushroom Market Revenue, 2019-2024 ($M)
14.Spain Functional Mushroom Market Revenue, 2019-2024 ($M)
15.Rest of Europe Functional Mushroom Market Revenue, 2019-2024 ($M)
16.China Functional Mushroom Market Revenue, 2019-2024 ($M)
17.India Functional Mushroom Market Revenue, 2019-2024 ($M)
18.Japan Functional Mushroom Market Revenue, 2019-2024 ($M)
19.South Korea Functional Mushroom Market Revenue, 2019-2024 ($M)
20.South Africa Functional Mushroom Market Revenue, 2019-2024 ($M)
21.North America Functional Mushroom By Application
22.South America Functional Mushroom By Application
23.Europe Functional Mushroom By Application
24.APAC Functional Mushroom By Application
25.MENA Functional Mushroom By Application