Global Medicinal Mushroom Extract Market: Information by Type (Shiitake, Reishi, Chaga, Maitake, Cordyceps, Turkey Tail and Others), Form (Capsules & Tablets, Powder and Liquid), Function (Antioxidants, Immunity Enhancer, Skin Care and Others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

Medicinal Mushroom Market Overview

The Medicinal Mushroom Market Size globally is predicted to be worth USD 17558.6 Million by the year 2027 and record a CAGR of 6.40% throughout the prediction year.

The medicinal mushroom citation is the liquid or desiccated powder of medicinal mushrooms. It is mostly utilised to avoid, improve, and heal several complex diseases and confirm a balanced and healthy diet. Due to the many health advantages of the extract, the medicinal mushroom market is anticipated to observe outstanding development throughout the prediction year. The upsurge in emphasis on preventive healthcare regarding medicinal mushrooms will enhance the development of the market globally.

The pandemic has extensively hampered the medicinal mushroom extract market internationally by decreasing the demand and production unit of medicinal mushrooms. The outburst of novel virus covid has disturbed the market internationally and its supply chain. It also had a financial influence on the main players of the market. But the medicinal mushroom extract producers are implementing advantageous strategies to overcome the possible challenges and upsurge the growth of the international market. The joint efforts of medicinal mushroom manufacturers and the government will likely increase market growth throughout the prediction year.

The upsurge in the requirement for useful foods has augmented the development chances for the international medicinal mushroom extract market. The unused markets in different emerging countries further generate new progress chances for the medicinal mushroom liquid extract.

The claim for useful foods is high among the health-aware people. Due to the growing chances, the international market of the medicinal mushroom extract is predictable to witness stable growth throughout the estimation.

COVID 19 Analysis

COVID 19 pandemic has significantly impacted the global medicinal mushroom extract market by reducing the demand and production of medicinal mushrooms. The outbreak of novel Coronavirus has disrupted the global market and its supply chain. It also had a financial impact on the key players of the industry.

However, the medicinal mushroom extract manufacturers are adopting beneficial strategies to overcome the potential challenges and increase the growth of the global market. The combined efforts of medicinal mushroom producers, manufacturers, and government are likely to boost the market growth during the forecast year. 

Medicinal Mushroom Extract Market Dynamics

• Key Drivers of the Market

The increase in the number of health-conscious people who desire to lead a healthy lifestyle is a significant driving factor of the medicinal mushroom extract market. The growing awareness among people and the rise in focus on preventive healthcare products to address health problems are other factors that drive the market growth.

The concerns relating to the increase in the occurrence of health issues such as weak immune systems, obesity, and malnutrition make it essential for consumers to opt for different preventive healthcare options. The rise in awareness about the supplements to prevent these health issues is anticipated to increase the demand for medicinal mushroom extracts.

• Major Opportunities for the Market

The increase in the need for functional foods has increased the growth opportunities for the global medicinal mushroom extract market. The untapped markets in different developing countries further create new growth opportunities for the medicinal mushroom liquid extract. 

The demand for functional foods is high among the health conscious individuals. Owing to the plenty of growth opportunities, the global market of the medicinal mushroom extract is expected to experience steady growth during the forecast year.

• Key Constraint of the Market

The environmental constraints are a major limitation that is anticipated to hinder the growth of the medicinal mushroom extract industry. The lack of appropriate production skills is another factor that restricts market growth.

The logs on which the mushrooms grow need sufficient natural daylight and darkness equally for maintenance of internal moisture levels. However, the absence of the controlled environment requirements is likely to hamper the market growth.

• Major Challenges of the Market

The COVID 19 situation that has significantly impacted the demand and supply of medicinal mushroom extract is a major challenge for the market. It has disrupted the regular operations of the key players in the market.

However, the major players of the global medicinal mushroom extract market are incorporating approaches and strategies to effectively cope up with the situation. The implementation of the strategic plans is expected to increase the demand for medicinal mushroom extract and accelerate market growth.

• Cumulative Growth Analysis of the Market

The global market of medicinal mushroom extract will grow by USD 17558.6 million during the forecast year. The market is projected to record a CAGR of 6.40% by the year 2027.

The key players of the industry are putting in efforts to enhance the production of medicinal mushroom extract and drive the growth of the market.

Technology Analysis

A number of innovative technologies are being adopted in the global medicinal mushroom extract market. Latest cultivation technologies are used to increase the efficiency of the production of medicinal mushroom extract.

The technological developments in the global medicinal mushroom extract market are expected to increase during the forecast year. 

Segmentation Analysis of Medicinal Mushroom Extract

• By Form

Depending on the form, the global medicinal mushroom market is segmented into powder, capsules & tablets, and liquid. The capsules & tablets segment dominates the global market owing to its easy and wide availability.

The capsules & tablets segment is projected to experience significant growth during the forecast year owing to its longer shelf life and convenience of use. 

• By Type

Based on type, the global medicinal mushroom extract market is classified as reishi, maitake, shiitake, chaga, turkey tail, cordyceps, and others. The shiitake segment occupies the largest share in the global market. 

The cordyceps segment is anticipated to witness rapid growth during the forecast year owing to the increase in its use for the treatment of kidney disorders.

• By Function

Based on function, the global medicinal mushroom extract market is divided into skin care, immunity enhancers, antioxidants, and others. The antioxidants segment occupies the largest share in the global market due to its ability to protect against genetic mutation and cellular damage.

The antioxidant segment is likely to record significant growth during the forecast year. The ability of antioxidants to protect human cells against free radicals that can causes diseases like cancer, heart issues, and others is a prominent reason for the expected growth.Regional Analysis of the Market

Based on geographical regions, the global medicinal mushroom extract market is classified as North America, Asia Pacific, Europe, and the Rest of the World. The Asia Pacific region occupies a dominant share of the medicinal mushroom extract market.   

The increase in the demand for medicinal mushroom blend water extract owing to the high nutritional and medicinal value is a major reason for the market expansion. China is a significant contributor to the growth of the Asia Pacific market region. Asia Pacific market is expected to register a CAGR of 5.8% during the forecast year owing to the increase in awareness among consumers and growth of the organized retail sector. The medicinal mushroom extract market of Europe is also forecasted to witness significant growth during the forecast year.Key Market Players of the Market

The major players in the global medicinal mushroom extract market are Bio Botanica, Inc. (US), New Roots Herbal, Inc. (Canada), Nature's Way Products, LLC (US), Aloha Medicinals (US), The Nature's Bounty Co. (US), Biofinest (US), Real Mushrooms (Canada), Oriveda BV (Netherlands), Nyishar (UK), and Sayan Chaga (US). More players are entering the global market and significantly contributing to market growth.

Aloha Medicinals (US) is a leading cultivator and supplier of medicinal mushrooms. The company offers the world's best medicinal mushroom extract and related products. It is one of the largest producers of 100% organic and American-grown medicinal mushrooms around the globe.

Recent Developments

In 2019, Nature's Way Products, LLC arrived into a collaboration with the famous actress and wellness advocate Mandy Moore. The partnership was the main milestone in the direction of the continuing mission of 'Paving a Better Way to Wellness'.

Report Overview

The global market report of medicinal mushroom extract covers the following:

• Market Highlights


• COVID 19 Analysis


• Medicinal Mushroom Extract Market Dynamics


• Technology Analysis


• Segmentation Analysis of Medicinal Mushroom Extract


• Regional Analysis of the Market


• Key Market Players of the Market


• Recent Development

The report highlights the growth strategies of the medicinal mushroom extract and forecasts for increase in revenues.

Segment Overview

By Type

• Chaga


• Reishi


• Shiitake


• Cordyceps


• Maitake


• Turkey Tail


• Others

By Function

• Skin Care


• Antioxidant


• Immunity Enhancer


• Others

By Form

• Capsule & Tablets


• Liquid


• Powder

By Region

• Asia Pacific


• North America


• Europe


• Rest of the World