Functional Mushroom Market
Functional Mushroom Market Size, Trends, Growth, Analysis, Statistics
The global functional mushroom market is projected to exhibit a promising growth trajectory in the near future. This report delves into the insights and factors driving this anticipated market growth over the next few years.
High Prevalence of Chronic Ailments to Boost Market Growth
The rising prevalence of chronic diseases worldwide has heightened consumer awareness about health and nutrition, significantly boosting the demand for functional foods. The increase in cardiovascular diseases, for instance, underscores this trend. According to the Centers for Disease Control and Prevention (CDC), the United States recorded approximately 382,820 deaths due to coronary heart disease in 2020, with one individual succumbing to cardiovascular disease every 34 seconds. Factors such as unhealthy diets, irregular eating habits, and stress-related work issues contribute to various chronic conditions, including diabetes, obesity, and hypertension. Consequently, consumers are turning to nutrient-rich diets and dietary supplements, thereby driving the demand for functional mushrooms. Moreover, rising GDP per capita in developing countries and growing awareness of the benefits of functional mushrooms are further propelling market growth.
Rising Demand for Supplements Bolsters Functional Mushroom Market
With significant shifts in dietary habits and lifestyles, coupled with increased awareness of lifestyle diseases, the demand for functional mushrooms in supplement form is on the rise. The growing use of functional mushrooms in nutraceuticals is positively impacting the market. These mushrooms are known for their numerous health benefits, such as boosting the immune system, enhancing cognitive health, regulating stress, and improving digestion. The expanding nutraceutical sector and the increasing inclination towards supplements are expected to support the growth of the functional mushroom market.
Promising Growth in the Global Functional Mushroom Market: A Short-Term Outlook
The global functional mushroom market is projected to exhibit a promising growth trajectory in the near future. This report delves into the insights and factors driving this
Asia Pacific: A Major Player in the Functional Mushroom Market
The Asia Pacific region is expected to dominate the functional mushroom market, driven by the rising prevalence of lifestyle diseases. Rapid urbanization has led to lifestyle changes, with individuals focusing more on work and neglecting regular diet intake. The reliance on fast food and junk food has resulted in increased cases of lifestyle disorders such as diabetes, cardiovascular diseases, stress, obesity, and high blood pressure. Efforts by authorities to educate the public about the severity of these diseases and the benefits of functional foods have significantly increased the demand for nutrient-rich
Competitive Scenario in the Functional Mushroom Market
The functional mushroom market is witnessing numerous innovations, product launches, partnerships, collaborations, acquisitions, and joint ventures. For instance, in 2020, CNC Holding BV, a leading producer of mushroom cultivation substrates, was acquired by an affiliate of Sun European Partners LLP. In 2021, Silo Wellness Inc. partnered with The Marley to launch Marley One, a psychedelic and functional mushroom brand.
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