Functional Mushroom Market Outlook (2023 to 2033)

The functional mushroom market is projected to be valued at US$ 9,698 million in 2023. Expanding at a CAGR of 9% during the forecast period, the market size could reach US$ 22,023.8 million by 2033. Newly released data from Future Market Insights shows that global functional mushroom demand grew year-on-year (Y-o-Y) by 8.8% in 2022.

Functional mushroom refers to mushroom varieties specifically having health benefits beyond providing nutrition. Out of the 2,000 species of currently known fungi, only 15 are recognized as medicinal, which are edible and have functional benefits. These mushrooms can help support overall well-being and health while sharpening cognitive function, lowering stress levels, and providing an energy boost.

There is also a significant demand for functional mushrooms in the food and beverage sector particularly in the ready-to-drink category products. The increasing demand for functional mushrooms as a consequence of their higher potential for use in packaged functional foods is also an important element.

Attributes Details
Functional Mushroom Market Valuation in 2022 US$ 9,324.7 million
Estimated Global Market Share in 2023 US$ 9,698 million
Forecasted Global Market Size by 2033 US$ 22,023.8 million
Projected Global Market Growth Rate from 2023 to 2033 9% CAGR
Market Share of Top 3 Companies 33.6%

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2018 to 2022 Functional Mushroom Market Outlook Compared To 2023 to 2033 Forecast

Market Statistics Details
Jan to Jun (H1), 2021 (A) 8%
Jul to Dec (H2), 2021 (A) 7%
Jan to Jun (H1), 2022 Projected (P) 8%
Jan to Jun (H1), 2022 Outlook (O) 8%
Jul to Dec (H2), 2022 Outlook (O) 8%
Jul to Dec (H2), 2022 Projected (P) 7%
BPS Change : H1,2022 (O) - H1,2021 (A) 7.6%
BPS Change : H1,2022 (O) - H1,2022 (P) 7%
BPS Change : H2, 2022 (O) - H2, 2022 (A) 7%
BPS Change : H2, 2021 (O) - H2, 2022 (P) 6%

By the end of the year 2022, the net worth of the overall market was figured out to be around US$ 8,226.4 million. Functional mushroom demand grew at a 3.2% CAGR between 2018 and 2022.

The COVID-19 epidemic caused mushroom demand to soar in 2021, and Nammex's online business of functional mushrooms went up at the same time. So it set up a new plant to produce up to 25 tons of powdered mushroom extracts per month. All of the extracts, including Reishi, Lion's Mane, Chaga, Cordyceps, Shiitake, Maitake, Turkey Tail, and others, are kosher and USDA organically certified.

They have anti-inflammatory properties and provide a high amount of antioxidants to boost energy in the body while boosting blood flow and helping to cope with stress. As a result, people all around the world are incorporating functionally enhanced foods and drinks into their diets.

All such mushrooms are nutritious along with high fiber, high protein, and vitamin-rich components. It has enough proteins, enzymes, lipids, essential oils like triterpenes, and polysaccharides like beta-glucans, which is boosting functional mushroom sales.

Recent research activities conducted by market players are driving product innovations, which are expected to propel sales at a CAGR of 9% over the forecast period.

Country-wise Insights

How is the Functional Mushroom Market Faring in the United States?

USDA Certification of Organic Ingredients is Driving Functional Mushroom Sales

Functional mushrooms with USDA organic certification have a high growth potential when made as whole mushroom powders with fruiting bodies and mycelium. Brands like MUD\WTR are using both fruiting bodies and mycelial biomass of mushrooms, allowing the product to complete its full growth cycle.

This is enabling brands to derive kosher, organic, gluten-free, non-GMO, and vegan-certified mushroom powders. These powders are further incorporated with turmeric, rooibos tea, cinnamon, and herbs like valerian root and ashwagandha to create nutrition supplements and other products.

How are the Applications of Cordyceps Boosting the China Functional Mushroom Market?

Expansion of the Sports Nutrition Sector in China is Spurring Demand for Functional Mushroom

Cordyceps are being used in traditional Chinese medicine as an ingredient in lung and kidney tonics. The product is best known to improve stamina and support athletic performance as it increases respiratory function with enhanced aerobic capacity and also regulates the flow of oxygen to the brain.

As a result, cordyceps are being adopted in sports nutrition products in China. Players are launching cordyceps as a coffee ingredient, to be taken 30 minutes before exercise to deal with training stress.

Regional Market Comparison Global Market Share in Percentage
United States 16.4%
Germany 6.6%
Japan 7.3%
Australia 1.5%

What is Driving the United Kingdom Functional Mushroom Market?

Applications of Functional Mushroom in Alcohol-free Craft Beer in the United Kingdom May Boost Sales

Fungtn, a United Kingdom-based alcohol-free craft beer brand, launched its first range of 0.5% ABV IPAs and lagers brewed with functional mushrooms such as Reishi, Lion’s Mane, and Chaga. These beverages contain myco adaptogens to enhance the spirit body, depth, and mouthfeel of the beer, without adding any additives, which is uncommon in the non-alcoholic beer segment.

The incorporation of functional mushrooms in non-alcoholic beverages in the United Kingdom is anticipated to create opportunities for growth in the market over the forecast period.

Regional Markets CAGR (2023 to 2033)
United Kingdom 5.9%
China 4.5%
India 8.9%
Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Category-wise Insights

Why is the Demand for Organic Functional Mushrooms Rising?

Benefits of Lion’s Mane are Fueling Demand for Functional Mushroom

Based on nature, sales of organic functional mushrooms are forecast to remain high over the assessment period. These mushrooms are cultivated indoors and grown organically to limit toxic chemicals like fertilizers and pesticides. Catering to the growing demand for chemical-free edible ingredients.

Brands like Mushroom Revival are crafting certified organic mushrooms like Chaga with high cultivation standards including routine tests for biological contaminants, heavy metals, and chemical contaminants. The products are also tested for main compounds, such as beta-glucans, alpha glucans, adenosine, cordycepin, and ganoderic acid. Such developments are expected to bode well for the market in the forthcoming years.

Category By Nature
Top Segment Organic
Market Share in Percentage 21.3%
Category By Form
Top Segment Powdered
Market Share in Percentage 23.7%

Which is the Widely Preferred Form of Functional Mushroom?

Surging Demand for Powdered Reishi Mushrooms Will Augment Growth

In terms of form, demand in the powdered functional mushroom segment is forecast to gain traction over the forecast period. Growth can be attributed to various benefits of the product such as balancing body energy levels, improving digestion, and the presence of polysaccharides, polyphenols, antioxidants, and beta-glucans.

Which is the Leading Application of Functional Mushrooms?

Demand for Functional Mushroom in the Pet Care Industry May Gain Momentum

By application, sales of functional mushrooms in the pet care industry account for a dominant share of the global functional mushroom market in the forthcoming years. These mushrooms are effective in improving pet health, treating allergies, and avoiding diseases like cancer.

As all functional mushrooms have medicinal properties, they are considered a very versatile supplement for holistic pet care. Driven by this, the pet care industry may emerge as the leading application segment for functional mushrooms over the forecast period.

Competitive Landscape

Key functional mushroom manufacturers are investing in joint ventures, partnerships, mergers, and acquisitions while focusing on research for innovative product lines. Top functional mushroom brands are focusing on upgraded and modified products to cater to the growing demand from the food and beverage sector.

Recent Developments by the Functional Mushroom Industries

  • In February 2022, Optimi Health Corp. launched functional mushroom supplements targeting novel and functional psychedelic compounds to Canadian consumers in the health and wellness sector. The supplements are made with the highest quality and fruiting body mushroom formulations for mind and body optimization.
  • In June 2021, Marley One announced to launch of a kind and first psychedelic and functional mushroom brand, while partnering with Silo Wellness. A leading psychedelics company with product offerings including functional mushroom tinctures with species lion's mane, cordyceps, reishi, chaga, and turkey tail.
  • In mid-2018, Suja Juice and M2 collaborated to introduce their range of kombucha beverages with several adaptogens, including M2's reishi mushrooms. Suja Juice intends to eventually increase the selection of beverages with mushroom flavor boosting M2's business of functional mushrooms.

To offer a range of unique health and wellness benefits, such as cognitive function improvement, supportive gut and immunity health, and sleep enhancement. The company intends to launch additional functional mushroom products including capsules, gummies, and cosmetics.

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Scope of the Market Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis MMT for Volume and US$ million or billion for Value
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East and Africa(MEA)
Key Countries Covered The United States Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, the United Kingdom, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others
Key Market Segments Covered By Nature, By Product Species, By Form, By Application, and By Regions
Key Companies Profiled Hokkaido Reishi Co., Ltd.; Om Mushrooms; Rainbo; Nammex; Half Hill Farm Inc.; Marley One; Optimi Health Corp.; Wuling (Fuzhou) Biotechnology Co., Ltd.; Landish Foods; Functional Mushrooms; Hekate; Others
Pricing Available upon Request

Functional Mushroom Market by Category

By Nature:

  • Organic
  • Conventional

By Product Species:

  • Reishi
  • Shiitake
  • Lion's Mane
  • Chaga
  • Maitake
  • Cordyceps
  • Tremella
  • Turkey Tail
  • Enokitake
  • Oyster Mushrooms
  • Others

By Form:

  • Liquid Sprays and Drinks
  • Powders
  • Capsules or Supplements
  • Others

By Application:

  • Food & Beverages
  • Nutraceuticals & Dietary Supplements
  • Pharmaceutical
  • Sports Nutrition and Functional Items
  • Cosmetics & Personal Care
  • Pet Care Industry
  • Other Applications

By Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • East Asia Market
  • South Asia Market
  • Oceania Market
  • The Middle East & Africa (ME&A) Market

Frequently Asked Questions

What is the Functional Mushroom Market value in 2023?

The market in 2023 is valued at US$ 9,698 million.

What is the expected market value in 2033?

The market will reach US$ 22,023.8 million by 2033.

What is the likely CAGR until 2033?

The market will register a 9% CAGR until 2033.

What was the Functional Mushroom Market’s historical performance?

From 2018 to 2022, the market expanded at a 3.2% CAGR.

What are some key market players?

Om Mushrooms, Rainbo, and Nammex are some key players.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Nature, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Nature, 2023 to 2033

        5.3.1. Organic

        5.3.2. Conventional

    5.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Species

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product Species, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product Species, 2023 to 2033

        6.3.1. Reishi

        6.3.2. Shiitake

        6.3.3. Lion's Mane

        6.3.4. Chaga

        6.3.5. Maitake

        6.3.6. Cordyceps

        6.3.7. Tremella

        6.3.8. Turkey Tail

        6.3.9. Enokitake

        6.3.10. Oyster Mushrooms

        6.3.11. Others

    6.4. Y-o-Y Growth Trend Analysis By Product Species, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Product Species, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Form, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Form, 2023 to 2033

        7.3.1. Liquid Sprays and Drinks

        7.3.2. Powders

        7.3.3. Capsules or Supplements

        7.3.4. Others

    7.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application, 2023 to 2033

        8.3.1. Food & Beverages

        8.3.2. Nutraceuticals & Dietary Supplements

        8.3.3. Pharmaceutical

        8.3.4. Sports Nutrition and Functional Items

        8.3.5. Cosmetics & Personal Care

        8.3.6. Pet Care Industry

        8.3.7. Others

    8.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022

    9.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. Asia Pacific

        9.3.5. MEA

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. U.S.

            10.2.1.2. Canada

        10.2.2. By Nature

        10.2.3. By Product Species

        10.2.4. By Form

        10.2.5. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Nature

        10.3.3. By Product Species

        10.3.4. By Form

        10.3.5. By Application

    10.4. Key Takeaways

11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Brazil

            11.2.1.2. Mexico

            11.2.1.3. Rest of Latin America

        11.2.2. By Nature

        11.2.3. By Product Species

        11.2.4. By Form

        11.2.5. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Nature

        11.3.3. By Product Species

        11.3.4. By Form

        11.3.5. By Application

    11.4. Key Takeaways

12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Germany

            12.2.1.2. U.K.

            12.2.1.3. France

            12.2.1.4. Spain

            12.2.1.5. Italy

            12.2.1.6. Rest of Europe

        12.2.2. By Nature

        12.2.3. By Product Species

        12.2.4. By Form

        12.2.5. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Nature

        12.3.3. By Product Species

        12.3.4. By Form

        12.3.5. By Application

    12.4. Key Takeaways

13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

            13.2.1.4. Singapore

            13.2.1.5. Thailand

            13.2.1.6. Indonesia

            13.2.1.7. Australia

            13.2.1.8. New Zealand

            13.2.1.9. Rest of Asia Pacific

        13.2.2. By Nature

        13.2.3. By Product Species

        13.2.4. By Form

        13.2.5. By Application

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Nature

        13.3.3. By Product Species

        13.3.4. By Form

        13.3.5. By Application

    13.4. Key Takeaways

14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Nature

        14.2.3. By Product Species

        14.2.4. By Form

        14.2.5. By Application

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Nature

        14.3.3. By Product Species

        14.3.4. By Form

        14.3.5. By Application

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. U.S.

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2022

            15.1.2.1. By Nature

            15.1.2.2. By Product Species

            15.1.2.3. By Form

            15.1.2.4. By Application

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2022

            15.2.2.1. By Nature

            15.2.2.2. By Product Species

            15.2.2.3. By Form

            15.2.2.4. By Application

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2022

            15.3.2.1. By Nature

            15.3.2.2. By Product Species

            15.3.2.3. By Form

            15.3.2.4. By Application

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2022

            15.4.2.1. By Nature

            15.4.2.2. By Product Species

            15.4.2.3. By Form

            15.4.2.4. By Application

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2022

            15.5.2.1. By Nature

            15.5.2.2. By Product Species

            15.5.2.3. By Form

            15.5.2.4. By Application

    15.6. U.K.

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2022

            15.6.2.1. By Nature

            15.6.2.2. By Product Species

            15.6.2.3. By Form

            15.6.2.4. By Application

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2022

            15.7.2.1. By Nature

            15.7.2.2. By Product Species

            15.7.2.3. By Form

            15.7.2.4. By Application

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2022

            15.8.2.1. By Nature

            15.8.2.2. By Product Species

            15.8.2.3. By Form

            15.8.2.4. By Application

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2022

            15.9.2.1. By Nature

            15.9.2.2. By Product Species

            15.9.2.3. By Form

            15.9.2.4. By Application

    15.10. China

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2022

            15.10.2.1. By Nature

            15.10.2.2. By Product Species

            15.10.2.3. By Form

            15.10.2.4. By Application

    15.11. Japan

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2022

            15.11.2.1. By Nature

            15.11.2.2. By Product Species

            15.11.2.3. By Form

            15.11.2.4. By Application

    15.12. South Korea

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2022

            15.12.2.1. By Nature

            15.12.2.2. By Product Species

            15.12.2.3. By Form

            15.12.2.4. By Application

    15.13. Singapore

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2022

            15.13.2.1. By Nature

            15.13.2.2. By Product Species

            15.13.2.3. By Form

            15.13.2.4. By Application

    15.14. Thailand

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2022

            15.14.2.1. By Nature

            15.14.2.2. By Product Species

            15.14.2.3. By Form

            15.14.2.4. By Application

    15.15. Indonesia

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2022

            15.15.2.1. By Nature

            15.15.2.2. By Product Species

            15.15.2.3. By Form

            15.15.2.4. By Application

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2022

            15.16.2.1. By Nature

            15.16.2.2. By Product Species

            15.16.2.3. By Form

            15.16.2.4. By Application

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2022

            15.17.2.1. By Nature

            15.17.2.2. By Product Species

            15.17.2.3. By Form

            15.17.2.4. By Application

    15.18. GCC Countries

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2022

            15.18.2.1. By Nature

            15.18.2.2. By Product Species

            15.18.2.3. By Form

            15.18.2.4. By Application

    15.19. South Africa

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2022

            15.19.2.1. By Nature

            15.19.2.2. By Product Species

            15.19.2.3. By Form

            15.19.2.4. By Application

    15.20. Israel

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2022

            15.20.2.1. By Nature

            15.20.2.2. By Product Species

            15.20.2.3. By Form

            15.20.2.4. By Application

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Nature

        16.3.3. By Product Species

        16.3.4. By Form

        16.3.5. By Application

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Hokkaido Reishi Co., Ltd.

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. Om Mushrooms

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Rainbo

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Nammex

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Half Hill Farm Inc.

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. Marley One

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. Optimi Health Corp.

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Wuling (Fuzhou) Biotechnology Co., Ltd.

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. Landish Foods

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. Functional Mushrooms

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

        17.1.11. Hekate

            17.1.11.1. Overview

            17.1.11.2. Product Portfolio

            17.1.11.3. Profitability by Market Segments

            17.1.11.4. Sales Footprint

            17.1.11.5. Strategy Overview

                17.1.11.5.1. Marketing Strategy

                17.1.11.5.2. Product Strategy

                17.1.11.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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