The Functional Mushroom Market is being driven by Health-promoting benefits of functional mushrooms
The Functional Mushroom Market is expected to grow at a CAGR of 10.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 22.01 billion. The global functional mushroom market is poised for significant growth due to the increasing trend of veganism worldwide. Veganism, defined as the practice of abstaining from consuming animal products, is gaining popularity among consumers for ethical, environmental, and health reasons. This shift towards plant-based diets has resulted in a surging demand for vegan-friendly functional mushroom products, which do not contain any animal-derived ingredients or by-products. As the vegan population continues to expand, the functional mushroom market is expected to thrive during the forecast period.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
188 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.6% |
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Market growth 2025-2029 |
USD 22.01 billion |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
9.3 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), US, Canada, UK, Germany, China, France, Italy, Japan, India, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Functional mushrooms offer various health benefits, including boosting the immune system, supporting cognitive function and mental clarity, reducing stress, enhancing sleep quality, increasing energy levels, and improving athletic performance. Standardized extracts derived from the fruiting bodies undergo GMP certification and undergo double-blind studies and placebo-controlled trials to ensure efficacy. These mushrooms provide anti-cancer properties, anti-aging effects, gut health, digestive support, liver health, cardiovascular health, inflammation reduction, oxidative stress, free radical scavenging, and aid in managing adrenal fatigue, chronic fatigue syndrome, autoimmune disorders, diabetes, cholesterol levels, and blood pressure. Functional mushrooms serve as natural remedies and alternative therapies for various health conditions.
The functional mushroom market encompasses vendors engaged in the production and distribution of various forms of mushroom products, such as extracts, powders, capsules, teas, supplements, tinctures, gummies, and mushroom coffee. Technavio's market analysis calculates the market size based on the consolidated revenue generated by these vendors. This market segment does not include manufacturers of mushroom processing equipment or producers of packaged alcoholic and non-alcoholic beverages, excluding mineral waters. The functional mushroom market growth is driven by the increasing health consciousness and demand for natural food alternatives. Consumers are increasingly seeking out minimally processed food sources, including functional mushrooms, which offer various health benefits, such as boosting immunity, enhancing cognitive function, and promoting gut health. These mushroom products provide essential nutrients, including potassium, dietary fiber, folate, vitamin A, and vitamin C, making them an attractive alternative to processed foods and meat products in the global packaged food market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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