Functional Mushroom Industry Statistics

In this post, we explore the dynamic landscape of the Functional Mushroom industry, shedding light on key statistics and trends that are shaping the market. From the impressive valuation of the market in 2021 to the projected growth rates, market shares, regional insights, and consumer behaviors, we provide a comprehensive overview of the industry’s current state and future prospects.

Statistic 1

"As of 2021, the Functional Mushroom Market is valued at 23.83 Billion USD."

Statistic 2

"The worldwide functional mushroom market is predicted to grow at a compound annual growth rate (CAGR) of 8.04% during the forecast period of 2021-2026."

Statistic 3

"The Reishi Mushroom segment accounted for the largest share in the Functional Mushrooms market in 2020."

Statistic 4

"In 2020, the North America functional mushroom market accounted for around a 30.0% revenue share."

Statistic 5

"Functional foods and beverages were the largest application segment for functional mushrooms in 2020, accounting for more than half of total demand."

Statistic 6

"In 2020, the United States alone spent over 6 billion USD on mushroom supplements."

Statistic 7

"Europe accounted for the second-largest revenue share of the functional mushroom market in 2020."

Statistic 8

"According to a 2021 forecast, the Functional Mushroom industry could reach a size of 34.3 Billion USD by 2024."

Statistic 9

"The largest type of functional mushroom, in terms of demand, is Chaga mushrooms."

Statistic 10

"Organic functional mushrooms are expected to be the fastest-growing segment until 2025."

Statistic 11

"Consumption of functional mushrooms has been increasing at a rate of nearly 19.9% per year."

Statistic 12

"By 2021, more than 80% of people have heard about functional mushrooms."

Statistic 13

"More than 50% of millennials report a positive attitude towards functional mushrooms."

Statistic 14

"By 2026, the edible mushroom market is expected to reach $66.03 Billion."

Statistic 15

"In 2019, per capita consumption of mushrooms in the United States was estimated at 3.5 pounds."

Statistic 16

"The lion's mane mushroom segment is estimated to experience significant growth in the period of 2021-2026."

The statistics presented indicate a strong growth trajectory for the functional mushroom industry, with significant market valuation and forecasted expansion. The market is driven by various factors such as increasing awareness and positive attitudes towards functional mushrooms, especially among millennials. Consumption trends show a steady rise, with functional foods and beverages leading the demand. The dominance of certain mushroom types like Reishi and Chaga further influences market dynamics. Overall, the industry’s projected growth, coupled with rising per capita consumption and evolving preferences, suggests a promising future for the functional mushroom market globally.