The North America Functional Mushroom Market would witness market growth of 8.5% CAGR during the forecast period (2021-2027).
Functional mushrooms are rich in nutrients, with high levels of protein, B vitamins, and minerals, but these unique mushrooms have even more to offer. Mushrooms have a special place in nature since they are fungi. They play a role of decomposers to breakdown dead creatures and then return the components to the soil, where those dead creatures are regenerated into new living things. As a result, they include a variety of chemical components, some of which are not found in plant or animal sources.
Organic functional mushroom powder provides various benefits to support glowing skin, heavy and shiny hair, and strong nails. Hair, skin, and nails are strengthened by their amino acids, which are the building blocks of protein. Such powder mix promotes beauty and a natural glow from the inside out by combating free radicals and encouraging cleansing.
Canada is one of the key nations on the list of top producers of mushrooms. The weather and soil pattern of the nation are serving well to the mushroom production. On the other hand, Canada and the US are among the major importers of mushrooms. The preference of customers towards the consumption of fresh mushroom and medicinal mushroom-based products is attracting various key companies to the region.
The US market dominated the North America Functional Mushroom Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,932.7 million by 2027. The Canada market is expected to witness a CAGR of 11% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 10% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Functional Mushroom Market is Estimated 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.
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