India Functional Mushroom Market Size & Outlook, 2023-2030
India functional mushroom market, 2018-2030 (US$M)
Related Markets
India functional mushroom market highlights
- The India functional mushroom market generated a revenue of USD 707.4 million in 2023 and is expected to reach USD 1,433.8 million by 2030.
- The India market is expected to grow at a CAGR of 10.6% 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 707.4 million |
| Market revenue in 2030 | USD 1,433.8 million |
| Growth rate | 10.6% (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, India accounted for 2.2% 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 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 34.45% in 2023. Horizon Databook has segmented the India 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 increasing popularity of functional mushroom cultivation among farmers owing to higher profitability and higher export opportunities is expected to drive the functional mushroom market in India.
The Directorate of Mushroom Research estimates that functional mushroom-fortified bread, cakes, drinks, papadum, and cookies are expected to launch in the Indian market as it has signed multiple pacts with four enterprises regarding transferring technologies.
The increasing demand for immunity-boosting supplements, herbs, and other products, coupled with the rising trend of a vegan diet, is expected to augment the demand for functional mushrooms in the country.
Reasons to subscribe to India functional mushroom market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of India functional mushroom market databook
-
Our clientele includes a mix of functional mushroom market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 India functional mushroom market , including forecasts for subscribers. This country databook contains high-level insights into India functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India functional mushroom market size, by product, 2018-2030 (US$M)
India Functional Mushroom Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
