ResearchAndMarkets.com has published a report titled “Functional Mushroom Market – Growth, Trends, and Forecasts (2023-2028).” The global functional mushroom market is expected to grow at a compound annual growth rate (CAGR) of 8.07 percent over the next five years. The market, according to the report, is driven by the increasing consumer awareness of the importance of maintaining overall health and the rising demand for functional foods and beverages.

One key factor contributing to the market growth is the expanding knowledge among consumers about the benefits of a protein-rich diet for general health. Busy lifestyles have led to increased consumption of packaged foods, and manufacturers are enhancing their products with functional mushroom extracts or powders to cater to health-conscious customers. The long-term outlook for functional mushrooms is positive, with their potential use in healthcare, as they have been found to have antiviral properties and immune-boosting capabilities, according to the report.

The market for medicinal mushrooms is experiencing growth due to their qualities and health advantages. As a result, there is a rising demand for additional supplements derived from functional mushrooms, making them applicable in the food and beverage sector. The medical industry is also incorporating functional mushrooms as ingredients in dietary supplements, supported by scientific studies that confirm their ability to enhance both innate and adaptive immune systems, the report states.

Among the functional mushrooms, chaga is widely consumed and known for its digestive benefits and immune-modulatory effects. It is expected to experience significant demand in the forecast period. Reishi and cordyceps are also projected to have high demand, followed by other medicinal mushrooms, according to the report.

The surge in demand for functional food and nutraceutical products is another trend driving the market. With changing lifestyles and diet habits, people are increasingly seeking functional foods and beverages that offer benefits beyond basic nutrition. Functional mushrooms, with their therapeutic qualities, are being used in the medical field, and consumer awareness of the advantages of consuming functional foods is contributing to market growth.

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