Key players covered in the Functional Mushrooms market report are Half Hill Farm Inc. (US), Real Mushrooms (Canada), Hokkaido Reishi Co. Ltd. (Japan), Swadeshi Mushroom Spawn (Delhi), Nikkei Marketing Limited (Canada), Concord Farms (USA), Rebbl. (USA), Pan’s Mushroom Jerky (USA), Mitoku Co. Ltd. (Japan), Asia Pacific Farm Enterprises Inc. (Canada) and Yuguo Farms (USA) and many more
/EIN News/ — Pune, India, April 7, 2022 (GLOBE NEWSWIRE) — The world functional mushroom market is expected to gain momentum with growing awareness of the health benefits of mushrooms. This information is published in an upcoming report by Fortune Business Insights, titled “Functional Mushrooms Market Size, Share, and Industry Analysis, By Type (Cordyceps, Reishi, Turkey Tail, Shiitake, Lion’s Mane, Chaga), by Application (Functional Foods & Beverages, Dietary Supplements, Personal Care, Pharmaceuticals) and Regional Forecast, 2021-2029. According to the report, there is an increase in the consumption of functional foods in developed and emerging countries across the world. Additionally, the growing demand for functional mushrooms from several end-use industries will contribute to the growth of the global market during the forecast period.
Reishi and Cordyceps segments will dominate due to several medicinal benefits
In terms of type, the functional mushroom market is categorized into cordyceps, reishi, turkey tail, shiitake, lion’s mane, and chaga. Among these, reishi mushroom type is expected to dominate the global market followed by cordyceps during the forecast period. Both have high medicinal properties and they are capable of boosting immune health. The type of chaga mushrooms is expected to grow significantly in the coming years due to the growing demand for the production of many functional beverages and teas. It is able to improve digestive health.
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Main companies covered by the Functional Mushroom Market research report are:
- Half Hill Farm Inc. (USA)
- Real Mushrooms (Canada)
- Hokkaido Reishi Co.Ltd. (Japan)
- Swadeshi mushroom spawn
- Nikkei Marketing Limited
- Concorde Farms
- Pan’s Mushroom Jerky
- Mitoku Co.Ltd
- Asia Pacific Farm Enterprises Inc. (Canada)
- Yuguo Farms (USA)
The report analyzes the functional mushrooms market outlook with ongoing trends. It showcases various market dynamics i.e. growth drivers, restraints, key developments, and challenges that are dictating the current scenario of the global market. Also, it provides detailed information about the market segments including quantitative and qualitative research, mentioning the effect of economic and non-economic aspects.
For the Biome partners with Om Mushroom to produce skincare products
For the Biome, a groundbreaking US-based wellness company, announced its collaboration with Om Mushroom, a leading producer of organic functional mushrooms, headquartered in Carlsbad in May 2019. For the first time, this collaboration will allow both companies to produce an advanced nutrient-rich topical solution for mind-body wellness, skin care and beauty. Pour le Biome chose Om as their partner because they are well known for creating the most effective and pure products that are certified organic and grown in the USA. For the Biome will incorporate Om mushrooms into their own research activities as they show potential. benefits for reduction of free radical production by inflammatory cells, cellular antioxidant protection and mitochondrial membrane potential.
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Europe, on the other hand, is expected to show notable growth and hold a major share of the functional mushroom market in the coming years. People in this region are rapidly shifting towards functional food products, which is an important trend in the confectionery market that will eventually propel the market. Combined with this, there is an increase in imports of functional mushrooms by major countries, namely France, Italy and Germany. This will also boost the market in this region.
Scaling up cultivation and production of functional mushrooms to drive growth in Asia-Pacific
Geographically, the global functional mushrooms market is divided into Latin America, Asia-Pacific, North America, Middle East & Africa, and Europe. Among these regions, Asia-Pacific is expected to acquire the largest functional mushroom market share in the coming years. This is said to happen due to the increasing production and cultivation of a wide variety of mushrooms in emerging countries, such as Japan, China and others. Additionally, an increase in the consumption rate of functional mushrooms owing to their health benefits is likely to contribute to the growth of the market in this region. Mushrooms are also exported from Asia-Pacific to many other developed countries, which, in turn, will positively affect the market.
Major segmentation includes:
- Turkey tail
- Functional foods and beverages
- Food supplements
- Personal care
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