The global functional mushroom market is projected to grow with a CAGR of 8.04% during the forecast period (2019 - 2024).   Functional mushrooms are used in a wide variety of healthcare and pharmaceutical products. This increases the applicability of these mushrooms in the food and beverage sector. The application of these mushrooms as a functional ingredient in the medical industry is driving the growth of the market, as functional mushrooms are being increasingly incorporated into health supplements. The market studied is expected to experience huge demand for Reishi and Cordyceps, followed by the other types of medicinal mushrooms. Reishi, a traditional Chinese medicine, is also known as the “Elixir of Life”, as well as the “Mushroom of Immortality”.