Middle East & Africa Functional Mushroom Market Size & Outlook
Middle East & Africa functional mushroom market, 2018-2030 (US$M)
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MEA functional mushroom market highlights
- The MEA functional mushroom market generated a revenue of USD 1,685.9 million in 2023.
- The market is expected to grow at a CAGR of 11.8% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,685.9 million |
| Market revenue in 2030 | USD 3,676.1 million |
| Growth rate | 11.8% (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, MEA region accounted for 5.3% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 34.28% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Iran is the leading producer and exporter of functional mushrooms in the Middle East & Africa region. The country also exports functional mushrooms to Iraq, U.A.E, Kuwait, and Qatar. The increasing prevalence of diabetes and heart diseases is expected to increase the demand for functional mushrooms as they have low-calorie content and help in reducing blood cholesterol levels.
Increasing consumer awareness regarding the benefits of natural ingredient-based products is expected to drive the demand for functional mushroom extracts within the cosmetic industry as functional mushrooms contain multiple ingredients for promoting skin and hair health.
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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 continent-level data and insights on the Middle East & Africa functional mushroom market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA functional mushroom market size, by country, 2018-2030 (US$M)
Middle East & Africa Functional Mushroom Market Outlook Share, 2023 & 2030 (US$M)
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