China Functional Mushroom Market Size & Outlook, 2023-2030
China functional mushroom market, 2018-2030 (US$M)
Related Markets
China functional mushroom market highlights
- The China functional mushroom market generated a revenue of USD 7,626.7 million in 2023 and is expected to reach USD 15,039.3 million by 2030.
- The China market is expected to grow at a CAGR of 10.2% 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 7,626.7 million |
| Market revenue in 2030 | USD 15,039.3 million |
| Growth rate | 10.2% (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, China accounted for 24.1% 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 Asia Pacific, China functional mushroom market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,433.8 million by 2030.
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Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 34.46% in 2023. Horizon Databook has segmented the China 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.
High land availability and a suitable environment for the cultivation of functional mushrooms coupled with the availability of cost-effective cultivation methods and labor make China the leading country in the functional mushroom market.
The 2016–2020 National Fitness Plan in the country aimed to increase sports participation and improve fitness among people. This boosted the demand for functional mushrooms in the sports nutrition industry in the country.
Increasing investments in technological advancements to improve cultivation practices and boost output are also expected to drive the growth of the Chinese functional mushroom market over the forecast period.
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Target buyers of China 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 country-level data and insights on the China functional mushroom market , including forecasts for subscribers. This country databook contains high-level insights into China functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China functional mushroom market size, by product, 2018-2030 (US$M)
China Functional Mushroom Market Outlook Share, 2023 & 2030 (US$M)
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