Asia Pacific Functional Mushroom Market Size & Outlook
Asia Pacific functional mushroom market, 2018-2030 (US$M)
Related Markets
Asia Pacific functional mushroom market highlights
- The Asia Pacific functional mushroom market generated a revenue of USD 14,476.7 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, shiitake was the largest revenue generating product in 2023.
- Reishi is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 14,476.7 million |
| Market revenue in 2030 | USD 29,023.9 million |
| Growth rate | 10.4% (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 |
| Key market players worldwide | Way Of Will, M2 Ingredients, Monterey Mushrooms, REBBL, SoTru, North American Medicinal Mushroom Extracts, Monaghan |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.7% of the global functional mushroom market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 11,988.2 million by 2030.
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Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 34.41% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific is the largest producer, exporter, and consumer of functional mushrooms across the globe, as Asian countries have been incorporating functional mushrooms in medicine formulations to treat various diseases for centuries.
The high presence of functional mushroom-producing countries such as China, Japan, South Korea, Taiwan, and India enables the region to have a strong foothold in the functional mushroom market.
Rising expenditure on health-enhancing functional food products in the light of physical fitness requirements and increasing sports activities in the region is driving the demand for functional mushrooms in the region.
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Target buyers of Asia Pacific functional mushroom market databook
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Our clientele includes a mix of functional mushroom market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific functional mushroom market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific functional mushroom market size, by country, 2018-2030 (US$M)
Asia Pacific Functional Mushroom Market Outlook Share, 2023 & 2030 (US$M)
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