Medicinal Mushroom Market size was valued at USD 5.81 Billion in 2024. The medicinal mushroom industry is anticipated to grow from USD 6.33 Billion in 2025 to USD 13.67 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 8.9% during the forecast period (2025 - 2034). The rise in research and development activities, increased desire for functional foods among most health-conscious consumers and rising adoption of vegan food due to its health-prompting benefits are the major market drivers expanding the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Medicinal Mushroom Market Trends
The market CAGR for medicinal mushrooms is being driven by the growing vegan population. Veganism is the practice of abstaining from the dietary consumption of animal products, and individuals who follow veganism are known as vegans. A growing population of vegans worldwide is adopting a vegan diet primarily due to its health-promoting benefits. Over the last decade, the number of people opting for vegan diets has increased by about 300%. Foodservice outlets are also promoting veganism and adding various menu options to attract vegan consumers. Numerous young consumers aged 15-30 years are adopting a vegan diet, and this number is expected to increase the medicinal mushrooms market during the forecast period. Additionally, eating a plant-based diet has become popular, particularly among young individuals who care about animal welfare and the environment. According to the Alliance for Science and Analysis by Kansas State University, as of January 2022, nearly 10% of Americans over 18 years were vegetarian or vegan. Medicinal mushrooms are expected to be utilized in different medicinal and health outcomes in the long run. This widens the range of product applications in the food and beverage industries. Moreover, the industry is growing due to the growing usage of mushrooms as medicinal ingredients in the pharmaceutical and nutraceutical sectors. A protein-rich diet has gained popularity with expanding consumer knowledge about preserving general health. Increased packaged food consumption by busy lifestyles will also allow the industry to extend. Manufacturers of packaged foods are upgrading food products with nutritional elements, like functional mushroom extracts or powders, to demand a health-conscious consumer base. Over the long term, medicinal mushrooms are expected to be utilized in numerous healthcare and pharmaceutical products. Medicinal mushrooms can fight against the virus and strengthen immunity. Governments across several countries are investing in producing high-quality types of these edible fungi that are safe for human consumption and can also be exported to other countries to generate revenue. Adopting the developed pest management system to prevent damage can further provide higher yields, which, in turn, aids market growth. With the expansion of the industry, its commercial production and distribution have improved significantly. Furthermore, growing international trade and the initiation of exotic types of cultivation in the primary producing countries drive the medicinal mushroom market revenue.
Based on type, the medicinal mushroom market segmentation includes shiitake, reishi, maitake, chaga, cordyceps, turkey tail, and other types. The shiitake segment dominated the market, accounting for 35% of market revenue (1.72 Billion). In developing countries, category growth is driven by increasing demand for its healthy and medicinal advantages. These mushrooms strengthen the immune procedure, promote cardiovascular health, assist with weight loss, and enhance energy levels. Shiitake mushrooms are utilized in the food industry and the dietary supplements industry. As shiitake mushrooms have an umami flavor, dried shiitake mushrooms are highly famous among customers across the globe. However, reishi is the fastest-growing category as these mushrooms are useful for strengthening the immune system and the consumption of reishi mushrooms affects white blood cells and expand the immune function of the human body.
The medicinal mushroom market segmentation, based on form, includes fresh, dried, and other form. The fresh category generated the most income (70.4%) due to the growing demand for more nutritious preservatives-free food developments and rising consumer inclination toward organic food products. However, dried is the fastest-growing category owing to its wide application in food and extended shelf life. The demand for medicinal mushrooms is growing with the nutritional value of food.
The medicinal mushroom market segmentation, based on function, includes antioxidant, immune enhancer, anti-cancer, skincare, and other functions. The immune enhancer category generated the most income due to the rising prevalence of infectious disorders, diabetes, and several other disorders due to lack of immunity. However, anti-cancer is the fastest-growing category due to the rising prevalence of cancer and the commercialization of novel treatments to treat different types of cancers.
Figure 1: Medicinal Mushroom Market, by Function, 2022 & 2032 (USD Billion) 
Source: Primary Research, MRFR Database, Secondary Research, and Analyst Review
By region, the study delivers market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American medicinal mushroom industry will dominate due to the expansion in the cultivation of shiitake on biological and synthetic logs, and improved consumer awareness about sustaining overall health and well-being will expand the market growth in this region. Further, the US medicinal mushroomheld the largest market share, and the Canadian medicinal mushroom market was the fastest-growing market in the North American region. Further, the prominent countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: MEDICINAL MUSHROOM MARKET SHARE BY REGION 2022 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe's medicinal mushroom market accounts for the second-largest market share owing to the rising favor of medicinal mushroom cosmetics. Further, the German medicinal mushroom industry held the largest market share, and the UK medicinal mushroom was the fastest-growing market in the European region. The Asia-Pacific market of medicinal mushroom market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the growing preference for a vegan diet and increased usage of these mushrooms in regular diets as a nutritious food option. Moreover, China’s medicinal mushroom held the largest market share, and the Indian market for medicinal mushroom was the fastest-growing market in the Asia-Pacific region.
Leading market participants are investing heavily in research and development to develop their product lines, which will allow the medicinal mushroom market to grow even more. Market players are also undertaking various strategic activities to develop their footprint, with significant market developments including recent product launches, higher investments, contractual agreements, mergers and acquisitions, and collaboration with other associations. To develop and survive in a more competitive and growing market climate, the medicinal mushroom industry must deliver cost-effective articles. Manufacturing locally to undervalue operational costs is one of the essential business tactics manufacturers utilize in the medicinal mushroom industry to benefit clients and increase the market sector. Major players in the medicinal mushroom industry, including Hokkaido Reishi, Banken Champignons B.V., Far West Fungi, Swadeshi Mushroom, Gourmet Mushrooms Ltd, and others, are attempting to expand market demand by investing in research and development operations. Om, Organic Mushroom Nutrition (formerly known as Mushroom Matrix) produces organic functional mushroom powders. It uses chaga, cordyceps, reishi, lion's mane, turkey tail, and maitake mushrooms to produce its supplements. In September 2019, Om Organic Mushroom Nutrition introduced new functional drink sticks and mushroom superfood everyday boost capsules. These developments are projected to produce an on-the-go boost of mushroom superfoods and operational components to deliver effective nutrition and supplement fundamental well-being states. Sun European Partners LLP operates as a private equity firm. The Company focuses on food and beverage, industrial, packaging, chemical, building products, automotive, restaurant, and retail sectors. Sun European Partners serves clients worldwide. In November 2020, Sun European Partners LLP announced the acquisition of CNC Holding BV (CNC), a well-known European supplier and producer of mushroom culture substrate.
Medicinal Mushroom Industry Developments
In March 2024, Mushroom Wisdom Incorporated, a prominent mushroom pharmacy supplier, reported the set to introduce new mushroom-based products that assist in boosting immunity. This new range, which includes reishi, chaga, and shiitake mushrooms, aims at satisfying the growth in the need for natural health products that enhance immunity. In March 2024, MycoTech, which focuses on the research and development of mushrooms, reported the innovative extraction method which would make the usage of psilocybin kinder on patients. The breakthrough is likely to enhance the effectiveness and levels of purity of psilocybin extractions provided for the enhancement of the user’s mental health in the light of growing curiosity in psychedelic treatments.
In December 2023, the EFSA adopted some new health claims regarding the medicinal mushrooms especially lion's mane and reishi which relate to cognitive health functions and immunity. Once this approval is implemented, it is expected that the medicinal mushroom market in Europe will expand because an increasing number of mushroom's consumers will be convinced of the healing aspects of these commodities.
In October 2023 Aloha Medicinals, one of the largest companies dealing in the medicinal mushroom sector in the USA announced the launching of a new range of dietary supplements based on mushrooms which are aimed at addressing stress reduction and improvement of sleep. The new product combines adaptogenic mushrooms and reishi with the online market for stress management products expected to rise.
In September 2023, National Institute on Drug Abuse (NIDA), US, became the sole institute in the world to put aside research funds to investigate targeted research focusing on the pharmacotherapeutic effects of the active ingredient psilocybin contained in some medicinal mushroom.
In August 2023, FungiHealth made an announcement on launching a new product line which focuses on mushroom extracts for gut health. The range of products that include such mushrooms as cordyceps and shiitake is in line with the growing consumer trend to include mushrooms to assist with natural digestion.
Shiitake
Reishi
Maitake
Chaga
Cordyceps
Turkey Tail
Other Types
Fresh
Dried
Other Form
Antioxidant
Immune Enhancer
Anti-Cancer
Skin Care
Other Functions
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2024 | USD 5.81 Billion |
| Market Size 2025 | USD 6.33 Billion |
| Market Size 2034 | USD 13.67 Billion |
| Compound Annual Growth Rate (CAGR) | 8.9% (2025-2034) |
| Base Year | 2024 |
| Market Forecast Period | 2025-2034 |
| Historical Data | 2019- 2023 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Growth Factors, Market Competitive Landscape, Revenue Forecast, and Trends |
| Segments Covered | Type, Form, Function and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Aloha Medicinals, Asia Pacific Farm Enterprises Inc., Banken Champignons B.V., Bio Botanica Inc., Concord Farms, DXN Holdings Bhd, Far West Fungi, Four Sigmatic Foods Inc., Fungi, Perfecti LLC, Gourmet Mushrooms Ltd., Natures Way Products LLC, Nikkei Canada Marketing Ltd., Nyishar, Oriveda BV, and PREMIUM HOKKAIDO Co. Ltd. |
| Key Market Opportunities | The rise in research and development activities |
| Key Market Dynamics | Increased desire for functional foods among the majority of health-conscious consumers |
Medicinal Mushroom Market Highlights:
Frequently Asked Questions (FAQ) :
The medicinal mushroom market size was valued at USD 5.34 Billion in 2023.
The market is projected to extend at a CAGR of 8.9% over the forecast period, 2025-2034.
North America had the largest share of the market.
The key players in the market are DXN Holdings Bhd, Far West Fungi, Four Sigmatic Foods Inc., Fungi, Perfecti LLC, Gourmet Mushrooms Ltd., Natures Way Products LLC, Nikkei Canada Marketing Ltd., Nyishar, Oriveda BV, and PREMIUM HOKKAIDO Co. Ltd.
The shiitake category dominated the market in 2023.
Fresh had the largest share in the market.
The immune enhancer had the largest share in the market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
