Psychedelic Mushroom Market To Surpass $3.3B By 2031, Report Predicts [Forbes]
Herbalife Ltd. Common Shares (HLF)
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Source: Forbes
Denver Post via Getty Images The use of psychedelic mushrooms is on the rise, and a new report confirms the expansion of the market with growing interest in psilocybin and its potential applications in therapy. Persistence Market Research its report on Monday. The findings show that the global psychedelic mushrooms market is on a rapid growth trajectory. The projection is based primarily on products made from three genera of mushrooms— Psilocybe Gymnopilus , and Panaeolus— which produce psilocybin and psilocin. Researchers estimate the psychedelic mushroom market will reach a valuation of $3.3 billion by the end of 2031, a significant increase from $1.5 billion in 2024. People turn to these mushrooms to treat conditions ranging from addiction to anxiety and depression. Persistence Market Research, based in England and Wales, specializes in research studies across multiple industries. Ms. Sayali Sheth, senior consultant of food and beverage at Persistence Market Research, said
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- Herbalife Reports Q1 Net Sales at Midpoint of Guidance Range, Net Sales Growth Excluding FX Headwinds¹; Q1 Adjusted EBITDA² Exceeds Guidance; Updates Full-Year GuidanceBusiness Wire
- Herbalife Ltd. (NYSE: HLF) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Herbalife Welcomes Lynda Cloud to its Board of DirectorsBusiness Wire
- Health and Wellness Market Size to Achieve USD 1,086.21 Bn by 2034| Statifacts [Yahoo! Finance]Yahoo! Finance
- Herbalife Ltd. (NYSE: HLF) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
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- 4/30/25 - Beat
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