Global Medicinal Mushroom Market, By Type (Chaga, Cordyceps, Reishi, Turkey Tail, Maitake, Shiitake, Others), Form (Fresh, Dried, Other), Function (Antioxidant, Immune Enhancer, Anti-Cancer, Skin Care, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Medicinal Mushroom Market
Data Bridge Market Research analyses that the global medicinal mushroom market to be growing at a CAGR of 9.85% in the forecast period of 2022-2029.
Medicinal mushrooms are tiny fungi that are used for their medicinal benefits. Vitamin B, vitamin D, amino acids, calcium, potassium, and fibre are all abundant in medicinal mushrooms. These nutrients are essential for increasing antioxidant activity and lowering free radical levels in the body. They're employed in a variety of extraction procedures, including as powder, capsules, fluids, and others.
The market for medicinal mushrooms is expanding due to the rising prevalence of health problems across the world. With the emergence of medicinal mushrooms, the market growth is driven by an increased desire for functional foods among the majority of health-conscious consumers. Another significant factor flourishing the market growth rate include the high utilization of medicinal mushrooms in the treatment of common cold, inflammation, seasonal allergies, bronchitis and asthma. Furthermore, advent of private-labelled brands and the rise in the number of applications in various end-use industries such as cosmetics, healthcare and food and beverages are the major drivers that will cushion the market’s growth rate.
Moreover, the rise in the research and development activities and increasing adoption of vegan food due to its health prompting benefits will boost the opportunities for the growth of medicinal mushroom market.
However, the lack of adequate manufacturing skills creates a gap between demand and supply, which will hamper the market growth rate. Also, the low shelf life of the product and environments factors will challenge the medicinal mushroom market throughout the projection period.
This medicinal mushroom market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on medicinal mushroom market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medicinal Mushroom Market Scope and Market Size
The medicinal mushroom market is segmented on the basis of type, form, and function. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the medicinal mushroom market is segmented into chaga, cordyceps, reishi, turkey tail, maitake, shiitake and others.
- On the basis of form, the medicinal mushroom market is segmented into fresh, dried, and other.
- On the basis of function, the medicinal mushroom market is segmented into antioxidant, immune enhancer, anti-cancer, skin care and others.
Medicinal mushroom market Country Level Analysis
The medicinal mushroom market is analyses and market size, volume information is provided by country, type, form, and function as referenced above.
The countries covered in the medicinal mushroom market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific dominates the medicinal mushroom market and will continue to flourish its trend of dominance during the forecast period owing to the rising popularity of medicinal mushroom cosmetics. North America is expected to score the highest CAGR due to the upsurge in the cultivation of shiitake on natural and synthetic logs in this region.
The country section of the medicinal mushroom market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Medicinal Mushroom Market Share Analysis
The medicinal mushroom market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medicinal mushroom market.
Some of the major players operating in the medicinal mushroom market are Hokkaido Reishi, Banken Champignons B.V., Far West Fungi, Swadeshi Mushroom, Gourmet Mushrooms Ltd., DXN Holdings, MahaGro India, Nikkei Marketing Limited, Chaga Mountain, Inc., Asia Pacific Farm Enterprises Inc., Concord Farms, and SSD Mushrooms, among others.