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market-insider · 2 months ago

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Mushroom Drinks Market Insights: Detailed Overview of Market Size, Share, and Projected Growth

The global mushroom drinks market size is estimated to reach USD 5.78 billion in 2030 and is projected to grow at a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research. As more people become aware of the importance of a balanced diet and the role of nutrition in overall well-being, there is a growing demand for functional beverages that offer health benefits beyond basic hydration. Mushroom drinks, known for their adaptogenic properties and potential health benefits, have become a popular choice among consumers seeking natural ways to support their immune systems, reduce stress, and enhance cognitive function.

The health benefits offered by medicinal mushrooms have played a crucial role in driving the market growth. Mushrooms such as reishi, chaga, lion’s mane, and cordyceps are rich in bioactive compounds, including polysaccharides, beta-glucans, and antioxidants, which are believed to have various health benefits, such as boosting the immune system, reducing inflammation, and enhancing mental clarity. For example, the lion’s mane is known for its potential to support cognitive function and nerve health, making it popular among consumers looking to improve memory and focus.

Mushroom Drinks Market Report Highlights

Asia Pacific is expected to grow with a CAGR of 7.6% over the forecast period from 2024 to 2030. As Western wellness practices and products gain popularity, there is a growing interest in incorporating functional ingredients like mushrooms into daily diets, driving the growth and sales of the market in the region during the forecast period.

Mushroom teas are expected to grow at a CAGR of 9.6% from 2024 to 2030. The market trend toward herbal and functional teas has significantly benefited mushroom tea. Consumers are increasingly seeking out teas that offer health benefits beyond basic hydration, including those with adaptogenic, detoxifying, or immune-boosting properties. Mushroom tea, with its functional benefits, fits well into this trend.

The powdered form accounted for a revenue share of 85.22% in 2023. Powdered mushroom drinks offer unparalleled versatility, as they can be easily mixed into a variety of beverages, including smoothies, coffee, tea, and even water. This flexibility allows consumers to customize their intake of medicinal mushrooms according to their preferences and health goals.

Sales through online channels are expected to grow at a CAGR of 8.3% from 2024 to 2030. The convenience of shopping from home, access to a wider range of products, and the ability to compare prices across different retailers are some of the key reasons for the growing popularity of online sales.

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As more consumers become educated about these benefits through social media, wellness blogs, and health influencers, the demand for mushroom-infused beverages has surged. Brands are capitalizing on this trend by highlighting the specific health benefits of the mushrooms used in their products. This makes it easier for consumers to choose beverages that align with their health goals, driving the overall sales of mushroom drinks during the forecast period.

Furthermore, the rise of plant-based and vegan diets has also contributed to the growth of the market. As more consumers seek alternatives to animal-based products, plant-based beverages have gained popularity as a healthier and more sustainable option. Mushroom drinks, which are naturally plant-based, align perfectly with this trend, offering consumers a nutritious and eco-friendly beverage choice.

Moreover, mushrooms' versatility as an ingredient has allowed manufacturers to create a wide range of vegan-friendly beverages that cater to different dietary needs and preferences. For example, mushroom-based coffee substitutes are popular among those looking to reduce their caffeine intake, while mushroom elixirs are favored by consumers seeking natural remedies for stress and anxiety.

Product innovation has been a key driver of the mushroom drinks industry, with manufacturers continuously developing new and unique products to cater to diverse consumer preferences. Initially, mushroom drinks were limited to a few niche products, such as mushroom coffee and tea. However, the market has expanded significantly, with a wide range of products now available, including mushroom lattes, hot chocolates, smoothies, and even ready-to-drink (RTD) beverages.

List of Key Players in the Mushroom Drinks Market

Four Sigmatic Foods, Inc.

MUD WTR, Inc.

Laird Superfood, Inc.

Odyssey Wellness LLC

Peak State Coffee, Inc.

Tamim Teas Company

RYZE Superfoods, LLC

Mushroom Cups International

Real Mushrooms

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We have segmented the global mushroom drinks market based on product, form, distribution channel, and region.

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