Mushroom Market 2030: What’s Driving the Growth of Functional Mushrooms?
Mushrooms have long been a staple in cuisine. However, over the past few decades, it has been discovered that these fungi are not just food. They are a natural source of numerous bioactive compounds that have the potential to enhance health and beauty. Their rising role in the pharmaceutical and cosmetic industries has given a boost to the global mushroom market . Today, the global medicinal industry is moving toward plant-based products due to the adverse effects of synthetic ingredients. This is anticipated to favor the growth of pharmaceutical use of mushrooms. Similarly, consumers are showing a positive response to products from natural sources. This makes cosmetic companies introduce mushroom-based skincare products. Due to their rising pharmaceutical and cosmeceutical applications, the global mushroom market size is expected to cross USD 115.8 billion, registering a CAGR of 9.7% from 2022 to 2030. Let us have a closer look at how mushrooms are being applied beyond the traditiona...