Global Reishi Mushroom Extract Market, By Grade (Reagent, Pharmaceutical, and Food), Product (Organic Reishi Mushroom Extract and Conventional Reishi Mushroom Extract), Form (Liquid Extract and Powder Extract), End User Industries (Food and Beverage, Healthcare, Personal Care, Pharmaceutical and 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 2028
Market Analysis and Insights of Reishi Mushroom Extract Market
Data Bridge Market Research analyses that the global reishi mushroom extract market will project a CAGR of 4.90% for the forecast period of 2021-2028. Rising demand and consumption of healthy food ingredients, rising incorporation of reishi mushroom extract as an ingredient in pharmaceutical drugs and rising awareness regarding the benefits of reishi mushroom extract are the major factors attributable to the growth of reishi mushroom extract market. This means that, the market value will climb to USD 0.821 billion by 2028.
Scientifically known as Ganoderma lucidum, reishi mushroom extract is used as an ingredient into many applications to enhance the immunity, longevity, promote liver and heart health and relieves stress. Traditionally used in China, this edible fungus is of deep red colour along with bright surface and woody texture. The reishi mushroom extracts are rich in nutrients and help to stave off cardiovascular diseases, respiratory problems, viral infections, kidney diseases, liver problems, insomnia, anxiety, nervous system disorders improve lung function, and fight cancer cells. The reishi mushroom extracts are composed of complex carbohydrates and possess various anti-oxidant properties.
Rising demand, popularity and consumption of reishi mushroom extracts in healthcare, food and beverages and pharmaceutical sector is a major factor fostering the growth of the market. Changing lifestyle, rising health consciousness and rising demand for the consumption of food and beverages as a result of ever-rising population and rising personal disposable income are some other factors acting as market growth determinants. Rising awareness regarding the benefits of reishi mushroom extract coupled with rising demand for functional foods among individuals who are engaged in physical activities will further induce growth in its market value.
However, a large chunk of population is allergic to mushrooms. This will restrict the scope of growth for the reishi mushroom extract market. Long term consumption can also lead to side effects like dryness of the mouth, throat, and nose, as well as itchiness and rash and others.
This reishi mushroom extract 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 reishi mushroom extract 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 Reishi Mushroom Extract Market Scope and Market Size
The reishi mushroom extract market is segmented on the basis of grade, product, form and end user industries. 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 grade, the reishi mushroom extract market is segmented into regent, pharmaceutical and food.
- On the basis of product, the reishi mushroom extract market is segmented into organic reishi mushroom extract and conventional reishi mushroom extract.
- On the basis of form, the reishi mushroom extract market is segmented into liquid extract and powder extract.
- On the basis of end user industries, the reishi mushroom extract market is segmented into food and beverage, healthcare, personal care, pharmaceutical and others.
Reishi Mushroom Extract Market Country Level Analysis
The reishi mushroom extract market is analyses and market size, volume information is provided by country, grade, product, form and end user industries as referenced above.
The countries covered in the reishi mushroom extract market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 reishi mushroom extract market. The region is also set to continue to flourish its dominance during the forecast period. This is because China is the largest producer of reishi mushroom extract in the world. Reishi mushroom extract is widely being used in Japan and Korea as well. Rising application of reishi mushroom extract in the pharmaceutical drugs is another factor fostering the growth market in this region.
The country section of the reishi mushroom extract 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 Reishi Mushroom Extract Market Share Analysis
The reishi mushroom extract 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 egg powder market.
The major players covered in the reishi mushroom extract market report are Xian Yuensun Biological Technology Co.,Ltd., Qingdao Dacon Trading Co., Ltd., Nammex (North American Medicinal Mushroom Extracts), Hokkaido Reishi Co. Ltd., Bio Botanica, Inc., Bristol Botanicals Limited, Xi'an Greena Biotech Co.,Ltd., Ron Teeguarden Enterprises, Inc., Dragon Herbs, Ron Teeguarden., Hunan huacheng Biotech,Inc., Mushroom Science., Mushroom Table, DXN, Nikkei Marketing Limited, M/S.MAHAGRO INDIA, Chaga Mountain, Inc., Asia Pacific Farm Enterprises, Concord Farms and SSD Mushrooms among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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