Today we are going to be looking at an article published on February 20th, 2025 on the projected growth of the global functional mushroom market by the year 2033.
The global functional mushroom market is growing rapidly, with its value expected to rise from USD 35.74 billion in 2024 to USD 76.35 billion by 2033, at a CAGR of 8.80%. These mushrooms, known for their traditional health benefits and nutritional value, are used in various medicinal and pharmaceutical products and are gaining traction in the food and beverage industry. Reishi and Cordyceps are two of the most popular functional mushrooms in demand.
The increasing popularity of functional foods and dietary supplements, driven by rising consumer awareness of health and wellness, is a major factor behind this market expansion. Functional foods and beverages, which offer benefits beyond basic nutrition, are becoming more popular among health-conscious consumers. Additionally, functional mushrooms are being incorporated into a variety of products like coffee, chocolate, broths, teas, and even alcoholic beverages.
These mushrooms are praised for their numerous health benefits, such as boosting immunity, and supporting energy levels. This has led to greater demand for functional mushrooms worldwide.
Regional Insights:
Asia-Pacific holds the largest share of the market, with a CAGR of 9.00%. Functional mushrooms have been a part of traditional Chinese medicine for over 2,000 years, and the market continues to grow as health awareness rises.
North America is also witnessing significant growth, driven by the popularity of functional mushrooms as superfoods, with a projected CAGR of 9.10%.
The United Kingdom is also experiencing increased demand, although the market faces price volatility due to high consumption rates.
Key Market Segments:
The market is categorized based on mushroom type (e.g., Reishi, Cordyceps, Lion’s Mane, Shiitake) and applications in food and beverages, dietary supplements, personal care, and pharmaceuticals. The personal care segment holds the highest market share.
Our Thoughts
This article projects that the global functional mushroom market will grow to 76.35 billion by the year 2033. We think this is a fairly accurate forecast, although we would not be surprised if this figure is surpassed much sooner than 2033.
Source: MENAFN