U.S. Functional Mushroom Market Size & Outlook, 2023-2030
U.S. functional mushroom market, 2018-2030 (US$M)
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U.S. functional mushroom market highlights
- The U.S. functional mushroom market generated a revenue of USD 3,904.3 million in 2023 and is expected to reach USD 8,568.2 million by 2030.
- The U.S. 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.
- Shiitake 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 3,904.3 million |
| Market revenue in 2030 | USD 8,568.2 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Shiitake |
| Fastest growing segment | Shiitake |
| 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, U.S. accounted for 12.3% 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 |
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U.S. 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 31.76% in 2023. Horizon Databook has segmented the U.S. 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 growing demand for functional food products with natural and organic ingredients is expected to drive the growth of the functional mushroom market in the U.S. Functional mushrooms and their extracts have multiple properties such as anti-aging, anti-wrinkle, antioxidant, and moisturizing effects, thus driving the demand from the cosmetics and personal care industry in the country.
Furthermore, the rising trend of sports and fitness in the age group of 20-40 years boosts the demand for nutritional supplements to enhance overall performance, which is expected to drive the growth of the functional mushroom market in the country.
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Our clientele includes a mix of functional mushroom market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. functional mushroom market , including forecasts for subscribers. This country databook contains high-level insights into U.S. functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. functional mushroom market size, by product, 2018-2030 (US$M)
U.S. Functional Mushroom Market Outlook Share, 2023 & 2030 (US$M)
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