Global Functional Mushroom Market Size & Outlook
Global functional mushroom market, 2018-2030 (US$M)
Related Markets
Global functional mushroom market highlights
- The global functional mushroom market generated a revenue of USD 31,708.8 million in 2023 and is expected to reach USD 65,833.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11% by 2030.
- In terms of segment, shiitake accounted for a revenue of USD 10,741.3 million in 2023.
- Reishi is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 31,708.8 million |
| Market revenue in 2030 | USD 65,833.7 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Shiitake |
| Fastest growing segment | Reishi |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reishi, Cordyceps, Lions Mane, Turkey Tail, Shiitake, Chaga |
Other key industry trends
- In terms of revenue, the North America accounted for 17.3% of the global functional mushroom market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 15,039.3 million by 2030.
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Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global functional mushroom market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to functional mushroom market will help companies and investors design strategic landscapes.
Shiitake was the largest segment with a revenue share of 33.87% in 2023. Horizon Databook has segmented the Global functional mushroom market based on reishi, cordyceps, lions mane, turkey tail, shiitake, chaga covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Functional Mushroom Product Outlook (Revenue, USD Million, 2018-2030)
- Reishi
- Cordyceps
- Lions Mane
- Turkey Tail
- Shiitake
- Chaga
- Others
- Global Functional Mushroom Application Outlook (Revenue, USD Million, 2018-2030)
- Food and Beverage
- Dietary Supplements
- Pharmaceutical
- Others
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Our clientele includes a mix of functional mushroom market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global functional mushroom market , including forecasts for subscribers. This global databook contains high-level insights into Global functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global functional mushroom market size, by regions, 2018-2030 (US$M)
Top 10 countries: Functional mushroom market size, 2023 (US$M)
Global functional mushroom market share, by product, 2023 & 2030 (%, US$M)
Functional mushroom market: Opportunity assessment by country
Global functional mushroom market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,312.0 | 3,694.2 | 4,132.1 | 4,553.6 | 4,985.7 | 5,482.2 | 6,053.6 | 6,712.7 | 7,475.2 | 8,359.3 | 9,387.2 | 10,586.0 | 11,988.2 | 11.8% |
| Europe | 5,666.5 | 6,280.4 | 6,980.6 | 7,644.8 | 8,318.7 | 9,091.0 | 9,977.6 | 10,997.6 | 12,173.9 | 13,533.6 | 15,109.0 | 16,940.1 | 19,073.3 | 11.2% |
| Asia Pacific | 9,315.1 | 10,259.1 | 11,330.9 | 12,330.4 | 13,332.2 | 14,476.7 | 15,787.0 | 17,289.0 | 19,015.0 | 21,001.9 | 23,294.7 | 25,947.3 | 29,023.9 | 10.5% |
| Latin America | 599.6 | 666.1 | 742.1 | 814.6 | 888.3 | 973.0 | 1,070.1 | 1,182.1 | 1,311.5 | 1,461.0 | 1,634.5 | 1,836.6 | 2,072.2 | 11.4% |
| MEA | 1,020.9 | 1,138.1 | 1,272.5 | 1,401.6 | 1,533.8 | 1,685.9 | 1,860.8 | 2,062.6 | 2,295.9 | 2,566.4 | 2,880.7 | 3,247.6 | 3,676.1 | 11.8% |
| Overall | 19,914.1 | 22,037.9 | 24,458.2 | 26,745.0 | 29,058.7 | 31,708.8 | 34,749.1 | 38,244.0 | 42,271.5 | 46,922.2 | 52,306.1 | 58,557.6 | 65,833.7 | 11.0% |
Related regional statistics
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