Functional mushrooms come in various forms, are abundant in nutrients, and have advantageous effects on health. They encompass vital vitamins, minerals, amino acids, antioxidants, prebiotics, polysaccharides, and other beneficial nutrients.
The functional mushroom market is experiencing significant growth due to the increasing demand for functional foods and dietary supplements. Consumers are shifting towards products that offer more than basic nutrition, seeking benefits beyond traditional food and beverages. Functional mushrooms, known for their medicinal properties, are playing a crucial role in propelling this market's expansion. These mushrooms offer a range of advantages, such as balancing energy levels, improving immune function, aiding digestion, and enhancing skin health. Additionally, their antioxidant content boosts blood flow, reduces stress, strengthens immunity, and provides numerous other benefits, driving the global functional mushroom market.
The global Functional Mushroom Market had a valuation of US$ 27,740.60 million in 2021, with projected growth to US$ 52,341.00 million by 2030, exhibiting a compound annual growth rate (CAGR) of 8.44% during the period from 2022 to 2030.
In terms of volume, Asia Pacific emerged as the leading player in the global functional mushroom market in 2020, capturing a significant share of 49.0%. Subsequently, North America and Europe followed closely behind.
Major Players in the Functional Mushroom Industry:
- Nammex
Nammex was established in 1989 and is headquartered in British Columbia, Canada. It is engaged in developing and manufacturing mushroom extracts for the wellness and healthcare industries. In 2021, Nammex's state-of-the-art extract facility went online as mushroom demand skyrocketed amid the COVID-19 pandemic.
- Hirano Mushroom LLC
Hirano Mushroom LLC was established in 2013 and is headquartered in Kosovo. It is engaged in producing exotic, shiitake mushrooms and importing and exporting fresh wild, exotic, and processed mushrooms.
- Mitoku Company Ltd.
Mitoku Company Ltd. was established in 1969 and is headquartered in Tokyo, Japan. It operates in over 40 countries and is engaged in providing the highest quality whole foods for optimum nutrition and health.
- Lianfeng (Suizhou) Food Co. Ltd.
Lianfeng (Suizhou) Food Co. Ltd. was established in 2002 and is headquartered in Hubei, China. It is engaged in manufacturing and supplying shiitake mushrooms.
- Monterey Mushrooms, Inc.
Monterey Mushrooms Inc. was established in 1971 and is headquartered in Watsonville, U.S. It is engaged in producing fresh mushrooms.
- M2 Ingredients
M2 Ingredients was established in 2010 and is headquartered in Carlsbad, California, United States. It is a producer of certified 100% organic whole food mushroom powders and is engaged in various industries, including food processing, life science, and organic food.
- Fresh Mushroom Europe NV
Fresh Mushroom Europe NV was established in 2003 and is headquartered in Hoogstraten, Belgium. It is engaged in producing cultivated and wild mushrooms.
- Mycotrition GmbH
Mycotrition GmbH was established in 2016 and is headquartered in Straßlach-Dingharting, Germany. It is engaged in cultivating, extracting, and producing mushroom powder.
Definition: Functional mushrooms are a group of fungi that offer various health benefits and are used for medicinal purposes.
