Functional Mushroom Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, China, UK, Germany - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 147 SKU: IRTNTR77802

Functional Mushroom Market Forecast 2024-2028

The functional mushroom market size is projected to increase by USD 18.91 billion at a CAGR of 10.05% between 2023 and 2028. 

Furthermore, North America, including the US, Canada, and Mexico, stands as a major producer of functional mushrooms. The region experiences robust consumer demand for functional products driven by their health benefits. Mushroom consumption is on the rise due to escalating production rates, coupled with a growing vegan population and a shift toward nutrition-rich diets, fostering expansion in the market within the region. Concord Farms company offers functional mushrooms such as Abalone Mushrooms, Button Mushrooms, Chanterelle Mushrooms, Cordyceps Mushrooms, Enoki Mushrooms, Hanalogo Mushrooms, King Oyster Mushrooms, and others.

Market Overview

The market shows an accelerated CAGR during the forecast period.

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Key Market Driver 

Health-promoting benefits are the key factors driving the market. The following are some of the health advantages of consuming functional ingredients are include several nutrients, including calcium, potassium, vitamin D, vitamin B12, fiber, amino acids, and other nutrients that are necessary for the human body. Functional mushrooms help in increasing antioxidant activity. Medicinal mushrooms such as Chaga and Reishi are known for their antioxidant properties. Reishi mushrooms have been known to reduce activity by free radicals in the body and are also believed to relax and fortify both the mind and body.

Additionally, organic mushroom complex capsules are used in healthcare and pharmaceutical products. Chaga mushrooms are known to increase the white blood cell count in the bone marrow. Functional mushrooms contain long sugar molecules called polysaccharides, which are known to lower cholesterol levels. Also, health-conscious customer base and a good source of protein diet raise the demand for specialty mushrooms. Chaga mushroom applications also reduce inflammation in cells in the colon, which can help in the treatment of inflammatory bowel disease. Therefore, the above-mentioned health benefits are driving market growth during the forecast period.

 Significant Market Trends 

Expanding the global vegan population is the primary trend shaping the market. Veganism is termed the practice of abstaining from the total consumption of animal products, and individuals who follow veganism are known as vegans. The rise in the number of people adopting vegan and vegetarian lifestyles has led to a growing demand for plant-based products, such as functional mushrooms, which do not contain animal-derived ingredients or by-products. All these products are considered vegan-friendly, appealing to consumers who adhere to plant-based diets for ethical, environmental, or health reasons.

Further, numerous young consumers in the age group of 15-30 years are adopting a vegan diet, and this number is expected to increase during the forecast period. Therefore, the growing number of celebrities endorsing a vegan lifestyle is expected to increase the popularity of the vegan diet among consumers. Thus, the growth in the global vegan population is expected to drive the growth of the market during the forecast period.

Major Market Challenge 

Stringent regulations and guidelines is a major challenge that affects market expansion. The various government agencies in different countries regarding the sales, marketing, and labeling of functional mushroom-based products impede market growth. These regulations relate to permits and regulations for the entry of new players, residual management issues, and expiry dates for products. The US Food and Drug Administration (FDA) plays an important role in regulating the manufacturing and distribution of functional mushroom-based products in the US market. The US FDA has placed stringent regulations on the number of ingredients that can be used in mushroom powder products and the various ingredients that should be listed on the labels of functional mushroom-based products.

Furthermore, in Europe, the European Food Safety Authority (EFSA) has framed numerous regulations on the manufacturing, labeling, and marketing of health and wellness food products that involve various claims such as reduced fat, low fat, and others. The EFSA closely inspects all the health claims made by companies on various media, such as on-package labels, hard copy advertisements, and websites, and verifies the same. Therefore, stringent regulations can hamper the expansion of the market during the forecast period.

Market Segmentation by Distribution Channel

The offline distribution sector encompasses supermarkets, hypermarkets, discount stores, convenience stores, and individual retailers. Rapid urbanization and evolving consumer lifestyles drive the popularity of hypermarkets and supermarkets, offering diverse functional mushroom products. Retailers' in-house promotions and price comparison convenience attract customers. Collaborations with retail giants like Walmart and Costco expand vendors' reach. Convenience stores cater to time-constrained shoppers with convenient locations and extended hours. Independent retailers also play a significant role in functional mushroom sales, serving local communities. Overall, the offline segment of the market is poised for substantial growth.

Market Segmentation by Application

The market share by the food and beverage segment will be significant during the forecast period. Functional mushrooms, available year-round, are versatile ingredients used in a variety of dishes and beverages, offering both culinary enjoyment and potential health benefits. While many are unaware of their health advantages, packaging descriptions, and nutritional information can sway consumers to try them.

The food and beverage segment was valued at USD 11.26 billion in 2018.

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Furthermore, rich in vitamins, minerals, and antioxidants, functional mushrooms like Reishi and Chaga are touted for their immune-boosting properties. They're also increasingly popular as snacks and in dishes like soups and kombucha drinks. Cultivating varieties such as shiitake and maitake has become profitable for farmers worldwide, further driving the growth of the market in the food and beverage segment during the forecast period. 

Key Regions for the Market

North America is estimated to contribute 46% to the growth of the global market during the forecast period

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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The increasing launch of new products based on functional mushrooms will also help in the growth of the market in North America. The popularity of such products is increasing in the US; the expanding purchasing power of the Millennial population in the country is expected to offer tremendous opportunities for players to grow in the market. 

Additionally, the Millennial population in North America is open to experimenting with new products, and also the rising trend of consuming healthy food products among them will accelerate the demand for functional mushroom products. In North America, the consumption of healthier food products is an emerging trend among consumers. The growing use of extracts in various consumer products, such as cosmetics and others, is also expected to accelerate the demand and drive the growth of the market in the region during the forecast period.

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.

  • Key Offering- Asia Pacific Farm Enterprises Inc.: The company offers functional mushrooms such as Shiitake Mushrooms, Oyster Mushrooms, Reishi Mushroom, Cordyceps Mushroom, Baby Oyster Mushrooms, Golden Oyster Mushrooms, Pearl Oyster Mushrooms, and others
  • Key Offering- CNC Exotic Mushrooms: The company offers functional mushrooms such as Shiitake, Nameko, King oyster mushroom, Grey oyster mushroom, Golden oyster mushroom, and Pom Pom Blanc.

The  market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Banken Champignons B.V., Half Hill Farm Inc., Hirano Mushroom LLC, Hokkaido Reishi, LIANFENG SUIZHOU FOOD CO. LTD, M2 INGREDIENTS, Mitoku Co. Ltd., Monaghan Group, North American Medicinal Mushroom Extracts, Om Mushroom Superfood, Pans Mushroom Jerky, Real Mushrooms, REBBL, Inc., South Mill Mushrooms Sales, Swadeshi Mushroom, and Four Sigmatic Foods Inc.

The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research and growth report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook
    • Food and beverage
    • Pharmaceuticals
    • Dietary supplements
  • Distribution Channel Outlook
    • Offline
    • Online
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market sees a surge in demand for functional foods and supplements, offering varieties like lion’s mane mushroom extract and Reishi with cognitive benefits. Utilizing L-theanine and adenosine triphosphate (ATP), these products address anxiety and depression symptoms. With a focus on natural health solutions, the market caters to vegetarian and vegan consumers seeking alternative protein sources. Amidst concerns like shipment delays and GHG emissions, it emphasizes good manufacturing practices and offers bioactive compounds for heart health and blood sugar control. The market is witnessing a surge in demand for medical mushroom supplements, emphasizing natural and organic alternatives over synthetic supplements. Varieties like Lion’s Mane, Turkey Tail, and Reishi cater to traditional medicine systems, addressing ailments such as anxiety and depression.

Additionally, with a focus on plant-based solutions, it intersects with the food and beverages, dietary supplements, and pharmaceuticals segments. Harnessing fungal biodiversity and immunity-boosting properties, these products offer a range of benefits, from diabetes and hypertension to cancer and hypercholesterolemia. Raw materials sourced sustainably contribute to the production of packaged food products and livestock, while considerations such as greenhouse gas emissions, vegetarian or vegan options, and medicinal and health products play crucial roles in enhancing shelf life and promoting overall well-being.

Furthermore, the market embraces Turkey tail mushroom with growing awareness about health, plant-based and natural solutions are gaining traction in the functional food and beverages segment, dietary supplements segment, and personal care and cosmetics segments. Utilizing agricultural and industrial wastes, manufacturers create functional mushroom extracts in various forms like capsules, powders, and tinctures. These products, rich in medicinal or supplement properties, cater to ailments like diabetes, hypertension, and cancer, promoting a protein-rich diet and supporting health supplements for lifestyle diseases. Further, coffee and teas adhere to strict Good Manufacturing Practices (GMP) to ensure quality while offering a delightful umami flavor; additionally, they may provide health benefits such as supporting white blood cells, along with other medicinal or supplement products, including those derived from useful mushrooms, contributing to the overall trend of packaged food consumption.

Market Scope

Report Coverage

Details

Page number

147

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.05%

Market Growth 2024-2028

USD 18.91 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

9.02

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 46%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Asia Pacific Farm Enterprises Inc., Banken Champignons B.V., CNC Exotic Mushrooms, Concord Farms, Half Hill Farm Inc., Hirano Mushroom LLC, Hokkaido Reishi, LIANFENG SUIZHOU FOOD CO. LTD, M2 INGREDIENTS, Mitoku Co. Ltd., Monaghan Group, North American Medicinal Mushroom Extracts, Om Mushroom Superfood, Pans Mushroom Jerky, Real Mushrooms, REBBL, Inc., South Mill Mushrooms Sales, Swadeshi Mushroom, and Four Sigmatic Foods Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global functional mushroom market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global functional mushroom market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Food and beverage - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Food and beverage - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Food and beverage - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Food and beverage - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Food and beverage - Year-over-year growth 2023-2028 (%)
    • 6.4 Pharmaceuticals - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Pharmaceuticals - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Pharmaceuticals - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
    • 6.5 Dietary supplements - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Dietary supplements - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Dietary supplements - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Dietary supplements - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Dietary supplements - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 48: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 50: Chart on Comparison by Distribution Channel
      • Exhibit 51: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • 7.4 Online - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 60: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 UK - Market size and forecast 2023-2028
      • Exhibit 91: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Asia Pacific Farm Enterprises Inc.
              • Exhibit 115: Asia Pacific Farm Enterprises Inc. - Overview
              • Exhibit 116: Asia Pacific Farm Enterprises Inc. - Product / Service
              • Exhibit 117: Asia Pacific Farm Enterprises Inc. - Key offerings
            • 12.4 CNC Exotic Mushrooms
              • Exhibit 118: CNC Exotic Mushrooms - Overview
              • Exhibit 119: CNC Exotic Mushrooms - Product / Service
              • Exhibit 120: CNC Exotic Mushrooms - Key offerings
            • 12.5 Concord Farms
              • Exhibit 121: Concord Farms - Overview
              • Exhibit 122: Concord Farms - Product / Service
              • Exhibit 123: Concord Farms - Key offerings
            • 12.6 Half Hill Farm Inc.
              • Exhibit 124: Half Hill Farm Inc. - Overview
              • Exhibit 125: Half Hill Farm Inc. - Product / Service
              • Exhibit 126: Half Hill Farm Inc. - Key offerings
            • 12.7 Hirano Mushroom LLC
              • Exhibit 127: Hirano Mushroom LLC - Overview
              • Exhibit 128: Hirano Mushroom LLC - Product / Service
              • Exhibit 129: Hirano Mushroom LLC - Key offerings
            • 12.8 Hokkaido Reishi
              • Exhibit 130: Hokkaido Reishi - Overview
              • Exhibit 131: Hokkaido Reishi - Product / Service
              • Exhibit 132: Hokkaido Reishi - Key offerings
            • 12.9 LIANFENG SUIZHOU FOOD CO. LTD
              • Exhibit 133: LIANFENG SUIZHOU FOOD CO. LTD - Overview
              • Exhibit 134: LIANFENG SUIZHOU FOOD CO. LTD - Product / Service
              • Exhibit 135: LIANFENG SUIZHOU FOOD CO. LTD - Key offerings
            • 12.10 M2 INGREDIENTS
              • Exhibit 136: M2 INGREDIENTS - Overview
              • Exhibit 137: M2 INGREDIENTS - Product / Service
              • Exhibit 138: M2 INGREDIENTS - Key offerings
            • 12.11 Mitoku Co. Ltd.
              • Exhibit 139: Mitoku Co. Ltd. - Overview
              • Exhibit 140: Mitoku Co. Ltd. - Product / Service
              • Exhibit 141: Mitoku Co. Ltd. - Key offerings
            • 12.12 Monaghan Group
              • Exhibit 142: Monaghan Group - Overview
              • Exhibit 143: Monaghan Group - Product / Service
              • Exhibit 144: Monaghan Group - Key offerings
            • 12.13 North American Medicinal Mushroom Extracts
              • Exhibit 145: North American Medicinal Mushroom Extracts - Overview
              • Exhibit 146: North American Medicinal Mushroom Extracts - Product / Service
              • Exhibit 147: North American Medicinal Mushroom Extracts - Key offerings
            • 12.14 Pans Mushroom Jerky
              • Exhibit 148: Pans Mushroom Jerky - Overview
              • Exhibit 149: Pans Mushroom Jerky - Product / Service
              • Exhibit 150: Pans Mushroom Jerky - Key offerings
            • 12.15 Real Mushrooms
              • Exhibit 151: Real Mushrooms - Overview
              • Exhibit 152: Real Mushrooms - Product / Service
              • Exhibit 153: Real Mushrooms - Key offerings
            • 12.16 REBBL, Inc.
              • Exhibit 154: REBBL, Inc. - Overview
              • Exhibit 155: REBBL, Inc. - Product / Service
              • Exhibit 156: REBBL, Inc. - Key offerings
            • 12.17 Swadeshi Mushroom
              • Exhibit 157: Swadeshi Mushroom - Overview
              • Exhibit 158: Swadeshi Mushroom - Product / Service
              • Exhibit 159: Swadeshi Mushroom - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 160: Inclusions checklist
                • Exhibit 161: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 162: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 163: Research methodology
                • Exhibit 164: Validation techniques employed for market sizing
                • Exhibit 165: Information sources
              • 13.5 List of abbreviations
                • Exhibit 166: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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