Reference

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Supporting source

Thailand specialty mushroom operator concentration (2026E)

Hi Mushroom ~18%, Cordy ~14%

As of2026 estimate·Sources5·Supporting·Historical series (10 points)

The 2026E Thai specialty mushroom and functional-fungi receipt pool concentrates roughly 74 percent across the top eight named operators. Hi Mushroom Thailand anchors at 18 percent on Chiang Mai Lion's Mane and Reishi grow-room scale plus Sappe Mushroom Tea off-take contract; Cordy Thailand sits at 14 percent on Lampang Cordyceps militaris cultivation and cordycepin extract; Mae Fah Luang Foundation Highland Mushroom Programme holds 12 percent on Royal-Project-affiliated highland cultivation; Phitsanulok Reishi Cooperative at 9 percent on ~40 smallholder grower aggregation; Doi Tung Mushroom brand at 7 percent; Sappe Mushroom Tea at 6 percent on RTD off-take; Thai Functional Mushroom Cooperative at 5 percent.

Figure in context

The 2026E Thai specialty mushroom and functional-fungi receipt pool concentrates roughly 74 percent across the top eight named operators. Hi Mushroom Thailand anchors at 18 percent on Chiang Mai Lion's Mane and Reishi grow-room scale plus Sappe Mushroom Tea off-take contract; Cordy Thailand sits at 14 percent on Lampang Cordyceps militaris cultivation and cordycepin extract; Mae Fah Luang Foundation Highland Mushroom Programme holds 12 percent on Royal-Project-affiliated highland cultivation; Phitsanulok Reishi Cooperative at 9 percent on ~40 smallholder grower aggregation; Doi Tung Mushroom brand at 7 percent; Sappe Mushroom Tea at 6 percent on RTD off-take; Thai Functional Mushroom Cooperative at 5 percent.

Hi Mushroom Thailand18Cordy Thailand14Mae Fah Luang Foundati…Mae Fah Luang Foundation Highland12Phitsanulok Reishi Coo…Phitsanulok Reishi Cooperative9Doi Tung Mushroom brand7Sappe Mushroom Tea off…Sappe Mushroom Tea off-take6Thai Functional Mushro…Thai Functional Mushroom Cooperative5Mansome Cordy Thailand3BUR and Vata RTD clust…BUR and Vata RTD cluster3Independent cultivator…Independent cultivators (long-tail)23
Interpretation notes

What this tells you

The 2026E Thai specialty mushroom and functional-fungi receipt pool concentrates roughly 74 percent across the top eight named operators. Hi Mushroom Thailand anchors at 18 percent on Chiang Mai Lion's Mane and Reishi grow-room scale plus Sappe Mushroom Tea off-take contract; Cordy Thailand sits at 14 percent on Lampang Cordyceps militaris cultivation and cordycepin extract; Mae Fah Luang Foundation Highland Mushroom Programme holds 12 percent on Royal-Project-affiliated highland cultivation; Phitsanulok Reishi Cooperative at 9 percent on ~40 smallholder grower aggregation; Doi Tung Mushroom brand at 7 percent; Sappe Mushroom Tea at 6 percent on RTD off-take; Thai Functional Mushroom Cooperative at 5 percent.

What not to do with it

Share of estimated Thai specialty mushroom and functional-fungi 2026E receipts (THB 3.2B mid-case). Operator share aggregates cultivation, dried, extract and off-take receipts within named operator perimeter.

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Thailand specialty mushroom operator concentration (2026E) · Insight