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Psychedelic Mushroom Market to More Than Double by 2031

Psychedelic Mushroom Market to More Than Double by 2031

Psilocybin mushrooms

What they found

The psychedelic mushroom market is projected to grow from $1.5 billion in 2024 to $3.3 billion by 2031.

The psychedelic mushroom market is projected to grow from $1.5 billion in 2024 to $3.3 billion by 2031.

The number

$1.5 billion in 2024 to $3.3 billion by 2031

How solid is it?

n/a

n/a

Not a study

Not a study

Evidence ladder: Lab dish → Animal → Early human → Strong human. Reviews summarize earlier research.

At a glance

Latin name

Compound

psilocybin

psilocybin

Published in

Benzinga

Benzinga

Covered in Shroom Scan

Section

PSILOCYBIN & LEGISLATION

PSILOCYBIN & LEGISLATION

As it ran in Shroom Scan

Market Demand

Market Demand

The psychedelic mushrooms market is set to grow from $1.5 billion in 2024 to $3.3 billion by 2031, driven by research, regulatory changes, and growing interest in psilocybin for mental health.

The psychedelic mushrooms market is set to grow from $1.5 billion in 2024 to $3.3 billion by 2031, driven by research, regulatory changes, and growing interest in psilocybin for mental health.

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