According to a new report Global Functional Mushroom Market, published by KBV research, The Global Functional Mushroom Market size is expected to reach $13.6 billion by 2027, rising at a market growth of 8.7% CAGR during the forecast period.
The Personal Care & Cosmetics segment shows the growth rate of 9.9% during (2021 - 2027). As functional mushrooms have several skin-beneficial characteristics that helps in the manufacturing of various skin care products. In addition, Shiitake and reishi mushrooms are among the most popular mushrooms that are utilized in skin care products.
The Lion’s Mane market is anticipated to grow at a CAGR of 9.5% during (2021 - 2027). Because Lion’s Mane is one of the key species adopted across different industries. The small, ivory-colored mushroom with cascading icicle-like spines that resemble the strands of a lion's mane is an all-natural nootropic that helps in improving memory, focus, and creativity. It also contains neuroprotective capabilities to boost the overall health of a person.
The Online Distribution Channel market would register the growth rate of 9.5% during (2021 - 2027). The shifting preference of the consumers towards the online shopping experience and the availability of numerous offers, convenience and doorstep delivery by online shopping sites would fuel the demand for functional mushroom products through online stores.
The Asia Pacific market dominated the Global Functional Mushroom Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,026.1 million by 2027. Europe market is expected to witness a CAGR of 8.3% during (2021 - 2027). Additionally, The North America market would experience a CAGR of 8.5% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/functional-mushroom-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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Companies Profiled
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