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Psychedelic Mushroom Market Trends
- Report ID: GMI6886
- Published Date: Oct 2023
- Report Format: PDF
Psychedelic Mushroom Market Trends
The psychedelic mushroom industry was attracting significant attention from investors and venture capitalists. As awareness of the potential economic opportunities and therapeutic benefits of psychedelic substances increased, there was a growing influx of capital into the industry.
Frequently Asked Questions (FAQ) :
The market size of psychedelic mushroom reached USD 1.93 billion in 2022 and is set to expand at over 10.7% CAGR from 2023 to 2032, led by the ongoing research to discover the potential therapeutic benefits.
The psilocybe product segment generated USD 1.70 billion in revenue in 2022, attributed to ongoing research initiatives along with the growing demand for alternative and holistic approaches to healthcare.
Asia Pacific market is projected to witness 10.1% CAGR through 2032, owing to the growing awareness and acceptance of the potential therapeutic benefits of psychedelics in the region.
Some of the leading psychedelic mushroom companies include Field Trip Health, Atai Life Sciences, Cybin Inc., Mydecine Innovations Group, Revive Therapeutics, and Numinus Wellness.
Psychedelic Mushroom Market Scope
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