PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303574
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303574
Global Mushroom Coffee Market is valued approximately at USD 2.7 billion in 2022 and is anticipated to grow with a compounded annual growth rate of more than 5.5% over the forecast period 2023-2030. Mushroom coffee is a beverage that combines traditional coffee with powdered mushroom extracts. Instead of being purely coffee-based, it incorporates medicinal mushrooms such as reishi, lion's mane, or chaga. These mushroom extracts are often ground into a fine powder and mixed with regular coffee grounds or brewed together to create a unique blend. Mushroom coffee is claimed to offer various health benefits associated with mushrooms, such as improved focus, reduced stress and enhanced immune function. However, increasing health and wellness consciousness and growing functional food market expected to fuel Global Mushroom Coffee Market growth during the forecast period.
According to Statista in 2022, the functional food market accounts to approximately USD 207.33 billion and is expected to grow approximately to USD 267.92 billion by 2027. According to Statista in 2022, coffee is one of the most widely consumable beverages in the world around 166.63 millions of 60 KG bags of coffee consumed worldwide. These gigantic number of consumptions elevate the mushroom coffee demand significantly around the world. However, changing taste & preferences of consumers and variable price of product may hamper the growth of the Global Mushroom Coffee Market. Moreover, growing e-commerce market and global market penetration anticipated to be the growth opportunities of this market.
The key regions considered for the Global Mushroom Coffee Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in because of the prevalence of the major market players and increasing prevalence of functional food and beverages. Also rising health and wellness consciousness in the region emerge as to be the dominant factor of the region. Asia Pacific region expected to be the fastest growing region owing to factors such as continuously rising population and increasing demand for functional food and beverages that must elucidate the growth of the market in this region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable