In an effort to address health concerns, boost immune systems, increase productivity, and even focus, millions of people are turning to superfoods and functional mushrooms. Along the way, it’s creating a massive market opportunity for companies such as Rritual Superfoods Inc. (CSE:RSF), Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL), Burcon NutraScience Corp. (TSX:BU)(OTC:BUROF), Very Good Food Company Inc. (CSE:VERY)(OTC:VRYYF), and United Natural Foods Inc. (NASDAQ:UNFI).
The functional food market could be worth $275.77 billion by 2025, expanding at a whopping 7.9% annually, says Global View Research. Functional mushroom demand is growing exponentially, forecast to rise from about $23 billion to about $34 billion in the next four years. In addition, data from Food Navigator shows an 800% demand increase for key mushroom varieties, with demand currently outstripping supply.