The Latin America, Middle East and Africa Functional Mushroom Market would witness market growth of 11.5% CAGR during the forecast period (2021-2027).
People who are health-conscious choose low-fat and low-calorie foods. Mushrooms are high in vitamins and nutrients such as iron, zinc, and fibre, and are low in calories. There are many dieticians and nutritionists who are suggesting the consumption of functional mushroom supplements to their clients for better immunity and body balance. This high adoption and numerous nutrition content of functional mushroom are estimated to fuel the growth of the functional mushroom market over the forecast period.
Some mushrooms, such as reishi, Cordyceps, and lion's mane, may contain adaptogenic characteristics that can help the body cope with stress. However, research in this area is limited, and more well-designed studies are needed to completely understand the way these mushrooms help in coping with human stress. Many people who do workouts consume functional mushroom supplement after their sessions to regain their energy and optimize the oxygen flow in their body.
A huge number of unidentified mushroom species with unknown wellness characteristics could be found in Africa, most notably in Nigeria. Nigeria is home to a broad range of mushroom species due to its distinct climatic circumstances, which include tropical rainforest in the south and sub-Saharan conditions in the north. According to an ethnomycological survey of mushroom consumption in North Central Nigeria, the majority of people consume mushrooms for their nutritional (81.7%) and palatability (93.5%) qualities, whereas just 15.1 percent take mushrooms for their therapeutic capabilities.
The Brazil market dominated the LAMEA Functional Mushroom Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $242.9 million by 2027. The Argentina market would witness a CAGR of 12% during (2021 - 2027). Additionally, The UAE market is anticipated to grow a CAGR of 11.2% during (2021 - 2027).
Based on Application, the market is segmented into Pharmaceutical, nutraceutical & dietary supplements; Food & Beverage and Personal Care & Cosmetics. Based on Product Type, the market is segmented into Reishi, Cordyceps, Lion’s Mane and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarkets & Hypermarkets, Online Distribution Channel and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Functional Mushroom Market is Predict to reach $13.6 Billion by 2027, at a CAGR of 8.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hokkaido Reishi Co. Ltd., Real Mushrooms, Pan's Mushroom Jerky, Om Mushroom Superfood, Four Sigmatic, Banken Champignons B.V., South Mill Mushrooms Sales, Inc. (The Mushroom Company), and Half Hill Farm, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Pharmaceutical, nutraceutical & dietary supplements
- Food & Beverage and
- Personal Care & Cosmetics
By Product Type
- Reishi
- Cordyceps
- Lion’s Mane and
- Others
By Distribution Channel
- Specialty Stores
- Supermarkets & Hypermarkets
- Online Distribution Channel and
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Hokkaido Reishi Co. Ltd.
- Real Mushrooms
- Pan's Mushroom Jerky
- Om Mushroom Superfood
- Four Sigmatic
- Banken Champignons B.V.
- South Mill Mushrooms Sales, Inc. (The Mushroom Company)
- Half Hill Farm, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Functional Mushroom Market, by Application
1.4.2 LAMEA Functional Mushroom Market, by Product Type
1.4.3 LAMEA Functional Mushroom Market, by Distribution Channel
1.4.4 LAMEA Functional Mushroom Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Functional Mushroom Market by Application
3.1 LAMEA Pharmaceutical, nutraceutical & dietary supplements Market by Country
3.2 LAMEA Food & Beverage Market by Country
3.3 LAMEA Personal Care & Cosmetics Market by Country
Chapter 4. LAMEA Functional Mushroom Market by Product Type
4.1 LAMEA Reishi Market by Country
4.2 LAMEA Cordyceps Market by Country
4.3 LAMEA Lion’s Mane Market by Country
4.4 LAMEA Other Product Type Market by Country
Chapter 5. LAMEA Functional Mushroom Market by Distribution Channel
5.1 LAMEA Specialty Stores Market by Country
5.2 LAMEA Supermarkets & Hypermarkets Market by Country
5.3 LAMEA Online Distribution Channel Market by Country
5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Functional Mushroom Market by Country
6.1 Brazil Functional Mushroom Market
6.1.1 Brazil Functional Mushroom Market by Application
6.1.2 Brazil Functional Mushroom Market by Product Type
6.1.3 Brazil Functional Mushroom Market by Distribution Channel
6.2 Argentina Functional Mushroom Market
6.2.1 Argentina Functional Mushroom Market by Application
6.2.2 Argentina Functional Mushroom Market by Product Type
6.2.3 Argentina Functional Mushroom Market by Distribution Channel
6.3 UAE Functional Mushroom Market
6.3.1 UAE Functional Mushroom Market by Application
6.3.2 UAE Functional Mushroom Market by Product Type
6.3.3 UAE Functional Mushroom Market by Distribution Channel
6.4 Saudi Arabia Functional Mushroom Market
6.4.1 Saudi Arabia Functional Mushroom Market by Application
6.4.2 Saudi Arabia Functional Mushroom Market by Product Type
6.4.3 Saudi Arabia Functional Mushroom Market by Distribution Channel
6.5 South Africa Functional Mushroom Market
6.5.1 South Africa Functional Mushroom Market by Application
6.5.2 South Africa Functional Mushroom Market by Product Type
6.5.3 South Africa Functional Mushroom Market by Distribution Channel
6.6 Nigeria Functional Mushroom Market
6.6.1 Nigeria Functional Mushroom Market by Application
6.6.2 Nigeria Functional Mushroom Market by Product Type
6.6.3 Nigeria Functional Mushroom Market by Distribution Channel
6.7 Rest of LAMEA Functional Mushroom Market
6.7.1 Rest of LAMEA Functional Mushroom Market by Application
6.7.2 Rest of LAMEA Functional Mushroom Market by Product Type
6.7.3 Rest of LAMEA Functional Mushroom Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Hokkaido Reishi Co. Ltd.
7.1.1 Company Overview
7.2 Real Mushrooms
7.2.1 Company Overview
7.3 Pan's Mushroom Jerky
7.3.1 Company Overview
7.4 Om Mushroom Superfood
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.5 Four Sigmatic
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Product Launches and Product Expansions:
7.6 Banken Champignons B.V.
7.6.1 Company Overview
7.7 South Mill Mushrooms Sales, Inc. (The Mushroom Company)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.7.2.2 Product Launches and Product Expansions:
7.7.2.3 Acquisitions and Mergers:
7.7.2.4 Geographical Expansions:
7.8 Half Hill Farm, Inc.
7.8.1 Company Overview
TABLE 1 LAMEA Functional Mushroom Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Functional Mushroom Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Functional Mushroom Market by Application, 2017 - 2020, USD Million
TABLE 4 LAMEA Functional Mushroom Market by Application, 2021 - 2027, USD Million
TABLE 5 LAMEA Pharmaceutical, nutraceutical & dietary supplements Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Pharmaceutical, nutraceutical & dietary supplements Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Food & Beverage Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Food & Beverage Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Personal Care & Cosmetics Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Personal Care & Cosmetics Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Functional Mushroom Market by Product Type, 2017 - 2020, USD Million
TABLE 12 LAMEA Functional Mushroom Market by Product Type, 2021 - 2027, USD Million
TABLE 13 LAMEA Reishi Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Reishi Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Cordyceps Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Cordyceps Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Lion’s Mane Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Lion’s Mane Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Other Product Type Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Other Product Type Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Functional Mushroom Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 22 LAMEA Functional Mushroom Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 23 LAMEA Specialty Stores Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Specialty Stores Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Supermarkets & Hypermarkets Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Supermarkets & Hypermarkets Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Online Distribution Channel Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Online Distribution Channel Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Functional Mushroom Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Functional Mushroom Market by Country, 2021 - 2027, USD Million
TABLE 33 Brazil Functional Mushroom Market, 2017 - 2020, USD Million
TABLE 34 Brazil Functional Mushroom Market, 2021 - 2027, USD Million
TABLE 35 Brazil Functional Mushroom Market by Application, 2017 - 2020, USD Million
TABLE 36 Brazil Functional Mushroom Market by Application, 2021 - 2027, USD Million
TABLE 37 Brazil Functional Mushroom Market by Product Type, 2017 - 2020, USD Million
TABLE 38 Brazil Functional Mushroom Market by Product Type, 2021 - 2027, USD Million
TABLE 39 Brazil Functional Mushroom Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 40 Brazil Functional Mushroom Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 41 Argentina Functional Mushroom Market, 2017 - 2020, USD Million
TABLE 42 Argentina Functional Mushroom Market, 2021 - 2027, USD Million
TABLE 43 Argentina Functional Mushroom Market by Application, 2017 - 2020, USD Million
TABLE 44 Argentina Functional Mushroom Market by Application, 2021 - 2027, USD Million
TABLE 45 Argentina Functional Mushroom Market by Product Type, 2017 - 2020, USD Million
TABLE 46 Argentina Functional Mushroom Market by Product Type, 2021 - 2027, USD Million
TABLE 47 Argentina Functional Mushroom Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 48 Argentina Functional Mushroom Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 49 UAE Functional Mushroom Market, 2017 - 2020, USD Million
TABLE 50 UAE Functional Mushroom Market, 2021 - 2027, USD Million
TABLE 51 UAE Functional Mushroom Market by Application, 2017 - 2020, USD Million
TABLE 52 UAE Functional Mushroom Market by Application, 2021 - 2027, USD Million
TABLE 53 UAE Functional Mushroom Market by Product Type, 2017 - 2020, USD Million
TABLE 54 UAE Functional Mushroom Market by Product Type, 2021 - 2027, USD Million
TABLE 55 UAE Functional Mushroom Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 56 UAE Functional Mushroom Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 57 Saudi Arabia Functional Mushroom Market, 2017 - 2020, USD Million
TABLE 58 Saudi Arabia Functional Mushroom Market, 2021 - 2027, USD Million
TABLE 59 Saudi Arabia Functional Mushroom Market by Application, 2017 - 2020, USD Million
TABLE 60 Saudi Arabia Functional Mushroom Market by Application, 2021 - 2027, USD Million
TABLE 61 Saudi Arabia Functional Mushroom Market by Product Type, 2017 - 2020, USD Million
TABLE 62 Saudi Arabia Functional Mushroom Market by Product Type, 2021 - 2027, USD Million
TABLE 63 Saudi Arabia Functional Mushroom Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 64 Saudi Arabia Functional Mushroom Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 65 South Africa Functional Mushroom Market, 2017 - 2020, USD Million
TABLE 66 South Africa Functional Mushroom Market, 2021 - 2027, USD Million
TABLE 67 South Africa Functional Mushroom Market by Application, 2017 - 2020, USD Million
TABLE 68 South Africa Functional Mushroom Market by Application, 2021 - 2027, USD Million
TABLE 69 South Africa Functional Mushroom Market by Product Type, 2017 - 2020, USD Million
TABLE 70 South Africa Functional Mushroom Market by Product Type, 2021 - 2027, USD Million
TABLE 71 South Africa Functional Mushroom Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 72 South Africa Functional Mushroom Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 73 Nigeria Functional Mushroom Market, 2017 - 2020, USD Million
TABLE 74 Nigeria Functional Mushroom Market, 2021 - 2027, USD Million
TABLE 75 Nigeria Functional Mushroom Market by Application, 2017 - 2020, USD Million
TABLE 76 Nigeria Functional Mushroom Market by Application, 2021 - 2027, USD Million
TABLE 77 Nigeria Functional Mushroom Market by Product Type, 2017 - 2020, USD Million
TABLE 78 Nigeria Functional Mushroom Market by Product Type, 2021 - 2027, USD Million
TABLE 79 Nigeria Functional Mushroom Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 80 Nigeria Functional Mushroom Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 81 Rest of LAMEA Functional Mushroom Market, 2017 - 2020, USD Million
TABLE 82 Rest of LAMEA Functional Mushroom Market, 2021 - 2027, USD Million
TABLE 83 Rest of LAMEA Functional Mushroom Market by Application, 2017 - 2020, USD Million
TABLE 84 Rest of LAMEA Functional Mushroom Market by Application, 2021 - 2027, USD Million
TABLE 85 Rest of LAMEA Functional Mushroom Market by Product Type, 2017 - 2020, USD Million
TABLE 86 Rest of LAMEA Functional Mushroom Market by Product Type, 2021 - 2027, USD Million
TABLE 87 Rest of LAMEA Functional Mushroom Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 88 Rest of LAMEA Functional Mushroom Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 89 Key Information – Hokkaido Reishi Co. Ltd.
TABLE 90 Key Information – Real Mushrooms
TABLE 91 Key Information – Pan's Mushroom Jerky
TABLE 92 Key Information – Om Mushroom Superfood
TABLE 93 Key Information – Four Sigmatic
TABLE 94 Key Information – Banken Champignons B.V.
TABLE 95 key information – South Mill Mushrooms Sales, Inc.
TABLE 96 Key Information – Half Hill Farm, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: South Mill Mushrooms Sales, Inc.