North America Functional Mushroom Market Size & Outlook
North America functional mushroom market, 2018-2030 (US$M)
Related Markets
North America functional mushroom market highlights
- The North America functional mushroom market generated a revenue of USD 5,482.2 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.
- Shiitake is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 5,482.2 million |
| Market revenue in 2030 | USD 11,988.2 million |
| Growth rate | 11.8% (CAGR from 2023 to 2030) |
| Largest segment | Shiitake |
| Fastest growing segment | Shiitake |
| 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, North America region accounted for 17.3% 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.
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Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 32.49% in 2023. Horizon Databook has segmented the North America 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 high percentage of urban population, coupled with high per capita income, is driving the demand for premium food products such as functional mushrooms in North America.
The food & beverage, nutraceutical, and pharmaceutical players in the region are incorporating natural functional ingredients such as functional mushroom extracts in their formulations owing to the growing consumer demand for natural ingredients.
Increased consumer awareness about health and wellness in the region and the growing preference for a vegan diet are expected to drive the demand for functional mushrooms in North America.
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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 North America functional mushroom market , including forecasts for subscribers. This continent databook contains high-level insights into North America functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America functional mushroom market size, by country, 2018-2030 (US$M)
North America Functional Mushroom Market Outlook Share, 2023 & 2030 (US$M)
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