The global functional mushroom powder market offers an array of benefits, versatile applications, and distinctive features. These mushroom powders are celebrated for their potential health benefits, including immune support, stress reduction, and antioxidant properties. They find applications in various products, from dietary supplements and functional foods to beverages and skincare. Key features of functional mushroom powder include natural and organic sourcing, adaptability to different culinary creations, and easy incorporation into daily routines. Functional mushroom powders are valued for their ability to enhance overall well-being and vitality, making them popular choices for health-conscious consumers seeking convenient and holistic wellness solutions.
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Data Bridge Market Research analyses that the Global Functional Mushroom Powder Market will grow at a CAGR of 5.8% during the forecast period of 2022 to 2029. The expansion of e-commerce platforms makes it easier for consumers to access and purchase functional mushroom products, driving market accessibility and reach.
Key Findings of the Study
The functional food and beverage industry is expected to drive the market's growth rate
The integration of functional mushroom powders into a wide array of food and beverage items is catalyzing substantial growth in the market. This trend stems from the desire to make the consumption of these health-enhancing mushrooms more convenient and accessible to consumers. By incorporating functional mushroom powders into products such as coffee, teas, smoothies, energy bars, and even savory dishes, manufacturers are offering consumers a hassle-free way to enjoy the potential health benefits of these mushrooms without altering their dietary habits significantly. This diversification of offerings aligns with the evolving consumer preferences for both health-conscious and convenient nutrition choices, thus propelling market expansion.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Pricing in USD, Volumes in Units
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Segments Covered
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Species (Reishi, Lion's mane, Turkey Tail, Chaga, Shiitake, Maitake, Cordyceps, Tremella, Agaricus Subrufescens (Almond Mushroom) and Others), Mushroom Part (Mushroom Stem, Mushroom Cap, and Mushroom Mycelium), Product Type (Wild and Cultivated), Product Category (Full Spectrum Mushroom Powder, Powderized Fruiting Body, Regular Mushroom Powder, and Others), Nature (Organic and Conventional), Category (GMO and Non-GMO), Cultivation Method (Cultivation Using Polythene Bags, Cultivation On Logs, Cultivation On Saw Dust Using Tray, Cultivation On Wood Shavings, and Others), Application (Food and Beverages, Dietary Supplements, Pharmaceutical and Medicinal, Nutraceutical, Personal Care, Sport Nutrition, Veterinary, Cosmetic, Livestock Feed, and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Market Players Covered
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Monterey Mushrooms, Inc. (U.S.), Nammex (North American Medicinal Mushroom Extracts) (Canada), Hangzhou Molai Biotech Co., Ltd. (China), M2 INGREDIENTS (U.S.), Aloha Medicinals (U.S.), Greenjeeva (U.S.), Far West Fungi (U.S.), Westyard Agro LLP (India), Spice Alliance, LCC (U.S.), Unearthed Co. Mushrooms (Australia), Clearprise Technologies Pvt Ltd. (India)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global functional mushroom powder market is segmented into species, mushroom part, product type, product category, nature, category, cultivation method, and application.
- On the basis of propulsion type, the global functional mushroom powder market is segmented into.
- On the basis of species, the global functional mushroom powder market is segmented into reishi, lion's mane, turkey tail, chaga, shitake, maitake, cordyceps, tremella, agaricus subrufescens (almond mushroom) and others.
- On the basis of the mushroom part, the global functional mushroom powder market is segmented into the mushroom stem, mushroom cap, and mushroom mycelium.
- On the basis of product type, the global functional mushroom powder market is segmented into wild and cultivated.
- On the basis of product category, the global functional mushroom powder market is segmented into full spectrum mushroom powder, powderized fruiting body, regular mushroom powder, and others.
- On the basis of nature, the global functional mushroom powder market is divided into organic and conventional.
- On the basis of category, the global functional mushroom powder market is segmented into the GMO and non-GMO.
- On the basis of cultivation method, the global functional mushroom powder market is segmented into cultivation using polythene bags, cultivation on logs, cultivation on saw dust using tray, cultivation on wood shavings, and others.
- On the basis of application, the global functional mushroom powder market is segmented into food and beverages, dietary supplements, pharmaceutical and medicinal, nutraceutical, personal care, sport nutrition, veterinary, cosmetics, livestock feed, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major global functional mushroom powder market players in global functional mushroom powder market are Monterey Mushrooms, Inc. (U.S.), Nammex (North American Medicinal Mushroom Extracts) (Canada), Hangzhou Molai Biotech Co., Ltd. (China), M2 INGREDIENTS (U.S.).
Market Development
- In October 2021, Aloha Medicinals entered into a strategic collaboration with Prenexus Health, a prominent producer of organic prebiotic ingredients for the supplement, food, and beverage sectors. This partnership enabled the development of a mushroom-based prebiotic, expanding Aloha Medicinals' product range and offerings.
Regional Analysis
Geographically, the countries covered in the major global functional mushroom powder market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
Asia-Pacific is expected to dominate the global functional mushroom powder market during the forecast period 2022 - 2029
The Asia-Pacific region is anticipated to take the lead in the global functional mushroom powder market throughout the forecast period. This dominance can be attributed to the rising utilization of functional mushroom powder across a diverse range of end-user industries within the region. The versatility and applicability of functional mushroom powder in various sectors are driving its significant market presence and growth in Asia-Pacific.
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