Canada Functional Mushroom Market Size & Outlook
Canada functional mushroom market, 2018-2030 (US$M)
Related Markets
Canada functional mushroom market highlights
- The Canada functional mushroom market generated a revenue of USD 390.5 million in 2023 and is expected to reach USD 856.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.9% 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.
Functional mushroom market data book summary
| Market revenue in 2023 | USD 390.5 million |
| Market revenue in 2030 | USD 856.9 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Shiitake |
| Fastest growing segment | Reishi |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 1.2% of the global functional mushroom market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. functional mushroom market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 8,568.2 million by 2030.
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Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 34.44% in 2023. Horizon Databook has segmented the Canada 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.
The growth of the functional mushroom market in Canada is attributed to the growing consumer concerns regarding well-being and immunity in the wake of the COVID-19 pandemic.
According to a report published by Health Canada in 2021, the per capita consumption of functional mushrooms in Canada was 1.55 kg in 2020 and is expected to grow at a significant rate over the forecast period of 2022–2030.
Increasing demand for natural ingredients-based pharmaceutical and cosmetic products owing to the changing consumer preferences is expected to be a key factor driving the growth of the functional mushroom market in Canada.
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Our clientele includes a mix of functional mushroom market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada functional mushroom market , including forecasts for subscribers. This country databook contains high-level insights into Canada functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada functional mushroom market size, by product, 2018-2030 (US$M)
Canada Functional Mushroom Market Outlook Share, 2023 & 2030 (US$M)
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