According to Future Market Insights, the mushroom beer market is estimated to secure a valuation of US$ 1.3 billion in 2023 and is estimated to rise to US$ 2.2 billion by 2033. The market is anticipated at a CAGR of 5.4% during the forecast period.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value of Mushroom Beer in 2023 | US$ 1.3 billion |
| Projected Market Value of Mushroom Beer in 2033 | US$ 2.2 billion |
| Growth Rate of the Mushroom Beer Market (2023 to 2033) | CAGR of 5.4% |
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The increased consumer demand for unique & exotic flavors is likely to drive the demand for mushroom beer. Increased awareness regarding the health benefits of mushrooms like immune-busting properties, and potential to fight inflammation. As consumers are becoming more health conscious mushroom beer is a good option over a traditional one.
The increased spending capacity of the growing population for premium quality beer is anticipated to uplift the demand for mushroom beer in the next few years. Also, the increased popularity of microbreweries & home brewing is expected to support the market expansion
North America accounts for the highest market share in the mushroom beer market & trend is expected to continue into the forecast period owing to the increased demand for new flavors & new product development in craft beers. The USA is the leading mushroom beer market in the region.
Europe emerged as a dominant region in the mushroom beer market due to the increased consumption of medicinal mushroom beer in the region. Increased consumer spending on beverages & growing number of breweries in the region boosts the market growth.
Asia pacific mushroom beer market is projected to grow in near future owing to the increased demand from countries such as India & China emerged as lucrative markets for mushroom beer. Increased spending power & increased awareness about the potential health benefits of mushrooms are expected to propel the market demand for mushroom beer in the region.
The key manufacturer functioning their business is the mushroom beer market FUNG TN, Rogue, Old Town, Scratch Brewing Company, Wild Beer, Mellow Mushroom, Smutty nose Brewing Company, La CHAGA, Gold Mark, Nikasi Brewing Company, and many other.
Launching new variants, acquiring a smaller player in the market, and new product innovation, and generating awareness about mushroom beer products through various promotional activities & programs are the key strategies expected to support the market growth. For instance, in April 2020- Scratch brewing company introduced Mushroom Beer Extravaganza, which is one of the finest & tastiest options available.
The mushroom beer market is expected to grow in the coming years. The increasing number of craft breweries & increased co-brewing, taproom & DTC beer delivery are expected to drive market growth during the forecast period. Also, the wide availability of mushroom beers in different distribution channels like supermarkets/hypermarkets, specialty stores, and e-commerce stores increases the sales of the market. The start-ups operating in the mushroom beer market are coming up with very innovative product launches.
Fungtn is a start-up that produces a range of non-alcoholic beer that is infused with functional mushrooms, including Lion’s Mane, Cordyceps, and Reishi. The beers are designed to provide health benefits and are aimed at health-conscious consumers.
The global sales of mushroom beer are expected to witness progressive growth over the forecast period. Mushroom is used as powder form in mushroom beer.
The quality of mushrooms, just like any of beer’s ingredients is significant to the quality of the beer. And the advantages of mushroom are the key factor for the growth of mushrooms beer.
Mushroom beer is widely used in craft beer. The improvements and modifications in the taste of craft beer will drive the market.
Large varieties of mushrooms are used in the mushroom beer, no two mushroom beers taste exactly alike. Due to different types of mushrooms can be used in mushroom beer.
The consumers can taste different flavours in the mushroom beer itself is the growing demand for mushroom beer Craft beer breweries increased the demand due to an increase in co-brewing and taprooms and DTC beer delivery.
As the process of mushroom beer is simple and can be prepared homemade by adding the mushroom powder to the fermentation. As mushroom beer contains a low ABV level is the key factor that drives the growth of mushroom beer in the assessment period.
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The USA is one of the key markets for mushroom beer worldwide. The USA mushroom beer market is to notice a prominent growth rate during the assessment period 2021 to 2031.
Consumers in the USA are demanding new flavours and new product developments in craft beer due to this mushroom beer is raising demand. New flavours are introducing to the market every year in craft beers and every flavour is growing year-on-year growth.
The increasing availability of craft beers through supermarkets and e-commerce sites is the driving demand for craft beers. This is the key factor that drives the growth of mushroom beer in the US for the forecast period.
Canada’s tax policy imposes lower rates on craft beer. The demand for unique and distinct beers in the Canada region is raising the demand for craft beers. These are the key factors that raise the demand for mushroom beer in the Canadian region.
In Europe, there is a rising demand for medicinal mushroom beer. This mushroom beer contains a low ABV level. Medicinal mushrooms are called myco adaptogens and have health benefits that have been using in medicine for centuries.
Medicinal mushroom beer helps the body adapt to psychological stresses, supporting the immune system, restoring homeostasis, and endocrine system. The health benefits of medicinal mushroom beer are the key factor that drives the growth of mushroom beer in this region.
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Some key manufacturers functioning in business in mushroom beer market includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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