Global Mushroom Drinks Market Size To Worth USD 8.93 Billion By 2033 | CAGR of 6.65%
Category: Food & BeveragesGlobal Mushroom Drinks Market Size To Worth USD 8.93 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Mushroom Drinks Market Size is Expected to Grow from USD 4.69 Billion in 2023 to USD 8.93 Billion by 2033, at a CAGR of 6.65% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 222 pages with 110 Market data tables and figures & charts from the report on the "Global Mushroom Drinks Market Size, Share, and COVID-19 Impact Analysis, By Product (Mushroom Tea, Mushroom Coffee, Mushroom Elixirs, and Others), By Form (Powder and Liquid), By Distribution Channel (Online Channels, Specialty Stores, Supermarkets & Hypermarkets, Convenience Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/mushroom-drinks-market
The market for beverages made from mushrooms or mushroom extracts is known as the "mushroom drinks market." Reishi, Lion's Mane, Chaga, and Cordyceps are just a few of the therapeutic mushrooms that are used to make mushroom drinks. Immune system function, cognitive function, inflammation reduction, and energy levels are all enhanced by these drinks. Additionally, a wide variety of mushroom beverages, such as elixirs, smoothies, coffee, and tea, are manufactured, giving consumers a wide range of options for using natural methods to support their wellness. An increasing interest in natural and organic products, health-conscious customers, and new product launches are driving this market, which is anticipated to support the growth and demand for mushroom drinks over the forecast period. The market for mushroom drinks has grown as a result of the growing demand for natural and organic products. The health advantages of reishi, lion's mane, cordyceps, and chaga mushrooms are numerous and include enhancing immunity, enhancing cognition, boosting energy, and reducing stress. However, the majority of consumers are still unaware of the potential health benefits of beverages made with mushrooms, and there is a lack of information about the ingredients, which can restrict growth of mushroom drinks market.
The mushroom coffee segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the product, the mushroom drinks market is classified into mushroom tea, mushroom coffee, mushroom elixirs, and others. Among these, the mushroom coffee segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The growth is driven by the customers are increasingly looking for functional foods and beverages due to their health benefits; mushroom coffee represents one instance beverage.
The powder segment held the largest share in 2023 and is anticipated to grow at a substantial CAGR during the projected timeframe.
Based on the form, the mushroom drinks market is divided into powder and liquid. Among these, the powder segment held the largest share in 2023 and is anticipated to grow at a substantial CAGR during the projected timeframe. The growth is attributed due to powdered mushrooms can be readily added to a wide range of liquids, such as smoothies, coffee, tea, and even water, they provide unmatched versatility. Customers may tailor their use of therapeutic mushrooms to suit their tastes and health objectives due to its versatility.
The supermarket & hypermarket segment held the biggest share in 2023 and is anticipated to grow at a remarkable CAGR during the projected timeframe.
Based on the distribution channel, the mushroom drinks market is divided into online channels, specialty stores, supermarkets & hypermarkets, convenience stores, and others. Among these, the supermarket & hypermarket segment held the biggest share in 2023 and is anticipated to grow at a remarkable CAGR during the projected timeframe. The growth is attributed due to manufacturers frequently work with supermarkets and hypermarkets to design visually appealing displays, offer away free samples, and offer discounts in an attempt to entice customers to try novel products.
North America is estimated to hold the largest share of the mushroom drinks market over the forecast period.
Get more details on this report -
North America is estimated to hold the largest share of the mushroom drinks market over the forecast period. Natural and organic products are becoming more and more popular as people become more conscious of the negative consequences of synthetic substances and additives. The U.S. market has responded favorably to mushroom beverages, which are frequently promoted as natural cures with anti-inflammatory, immune-boosting, and stress-relieving qualities.
Asia Pacific is predicted to have the highest CAGR growth in the mushroom drinks market over the forecast period. The Asia Pacific market has been severely affected by Western health practices. Products that are popular in the West, including mushroom coffees and elixirs, are gaining popularity in the region as individuals grow more aware of global health and wellness trends.
Major key players in the mushroom drinks market include Four Sigmatic Foods, Inc., MUDWTR, Inc., Laird Superfood, Inc., Odyssey Wellness LLC, Peak State Coffee, Inc., Tamim Teas Company, RYZE Superfoods, LLC, Mushroom Cups International, Real Mushrooms, Laird Superfood, Inc., NeuRoast Company, La Republica Superfoods, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In June 2024, the first USDA Organic Mushroom Coffee Capsules that work with Nespresso was launched by Artizan Coffee Roasters. To improve mental clarity and cognitive function as well as provide stress support, organic mushrooms were combined with organic specialty-grade Arabica coffee in these capsules.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the mushroom drinks market based on the below-mentioned segments:
Global Mushroom Drinks Market, By Product
- Mushroom Tea
- Mushroom Coffee
- Mushroom Elixirs
- Others
Global Mushroom Drinks Market, By Form
- Powder
- Liquid
Global Mushroom Drinks Market, By Distribution Channel
- Online Channels
- Specialty Stores
- Supermarkets & Hypermarkets
- Convenience Stores
- Others
Global Mushroom Drinks Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?