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Global Medicinal Mushroom Market Analysis, Trends, Growth: By Type: Reishi, Lion’s Mane, Chaga, Turkey Tail, Shiitake, Cordyceps, Others; By Form: Powder, Whole, Slice, Others; By End Use: Antioxidant, Immune Enhancer, Anti-Cancer, Skin Care, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Medicinal Mushroom Market Outlook
The global medicinal mushroom market is expected to grow at a CAGR of 8.8% in the forecast period of 2024-2032.
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The Asia Pacific to Provide Enhanced Growth Opportunities to the Medicinal Mushroom Industry
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the growing popularity and cultivation of medicinal mushrooms in the region. The increasing utilisation of medicinal mushroom in the production of cosmetic products is expected to significantly contribute to the regional industry growth. Moreover, the increasing number of scientific studies on medicinal mushrooms in countries like Japan, Korea, and China have brought into limelight the several benefits of their consumption. The Chinese market is expected to be one of the major regions in the Asia Pacific. The medicinal use of mushrooms, which remained restricted to Asian countries for a very long time, is also increasing in Western countries like USA, which is expected to further propel the industry growth in the coming years.
Medicinal Mushroom: Market Segmentation
Medicinal mushrooms are microscopic fungi which are used for their health-enhancing properties. They are used in various applications in powdered or liquid form for prevention, or alleviation of diseases and/or for nutritional reasons. Some of the mostly used medicinal mushrooms are chaga, cordyceps, reishi, and others.
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By type, the market is divided into:
- Reishi
- Lion’s Mane
- Chaga
- Turkey Tail
- Shiitake
- Cordyceps
- Others
Based on form, the industry can be segmented into:
- Powder
- Whole
- Slice
- Others
The market is divided based on end use into:
- Antioxidant
- Immune Enhancer
- Anti-Cancer
- Skin Care
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Health Consciousness and the Rising Demand for Functional Foods to Augment the Medicinal Mushroom Industry Growth
The rising health concern among consumers worldwide has created a huge opportunity for the medicinal mushroom industry to grow. The ever-increasing demand for functional foods from the health-conscious consumers has caused a rapid growth in demand for medicinal mushroom-based products. The growing prevalence of various lifestyle associated disorders is further propelling the market forward. Moreover, numerous benefits associated with medicinal mushrooms are being accredited by the growing number of research and scientific papers, and this is playing a huge role in providing new growth opportunities to the market. The major factor that is expected to drive the industry growth in the forecast period is the worldwide adoption of veganism owing to its health-enhancing benefits and zero animal cruelty.
Key Industry Players in the Global Medicinal Mushroom Market
The report gives a detailed analysis of the following key players in the global medicinal mushroom market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Chaga Mountain, Inc.
- Hokkaido Reishi Co. Ltd.
- Far West Fungi
- DXN Marketing
- Swadeshi Mushroom Spawn
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Medicinal Mushrooms Market Analysis
8.1 Key Industry Highlights
8.2 Global Medicinal Mushrooms Historical Market (2018-2023)
8.3 Global Medicinal Mushrooms Market Forecast (2024-2032)
8.4 Global Medicinal Mushrooms Market by Type
8.4.1 Reishi
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Lion’s Mane
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Chaga
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Turkey Tail
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Shiitake
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Cordyceps
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Medicinal Mushrooms Market by Form
8.5.1 Powder
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Whole
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Slice
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Medicinal Mushrooms Market by End Use
8.6.1 Antioxidant
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Immune Enhancer
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Anti-Cancer
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Skin Care
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Medicinal Mushrooms Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Medicinal Mushroom Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Medicinal Mushroom Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Medicinal Mushroom Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Medicinal Mushroom Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Medicinal Mushroom Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 1004)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Chaga Mountain, Inc.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Hokkaido Reishi Co. Ltd.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Far West Fungi
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 DXN Marketing Sdn Bhd;
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Swadeshi Mushroom Spawn
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
Additional Customisations Available:
1 Cost Analysis
1.1 Land, Location and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Cost of Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investment
List of Key Figures and Tables
1. Global Medicinal Mushrooms Market: Key Industry Highlights, 2018 and 2032
2. Global Medicinal Mushrooms Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Medicinal Mushrooms Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Medicinal Mushrooms Historical Market: Breakup by Form (USD Billion), 2018-2023
5. Global Medicinal Mushrooms Market Forecast: Breakup by Form (USD Billion), 2024-2032
6. Global Medicinal Mushrooms Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Medicinal Mushrooms Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Medicinal Mushrooms Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Medicinal Mushrooms Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Medicinal Mushrooms Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Medicinal Mushrooms Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Medicinal Mushrooms Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Medicinal Mushrooms Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Medicinal Mushrooms Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Medicinal Mushrooms Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Medicinal Mushrooms Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Medicinal Mushrooms Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Medicinal Mushrooms Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Medicinal Mushrooms Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Major Importing Countries by Volume (2020)
21. Major Exporting Countries by Volume (2020)
22. Major Importing Countries by Value (2020)
23. Major Exporting Countries by Value (2020)
24. North America Historical Price Trends and Forecast 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Medicinal Mushrooms Market Structure
Key Questions Answered in the Report
The global medicinal mushroom market is projected to grow at a CAGR of 8.8% between 2024 and 2032.
The major drivers of the market include the increasing health consciousness, the surging usage of medicinal mushroom in the cosmetics sector, and the rising demand for functional foods.
The key trends propelling the market growth include the growing prevalence of various lifestyle-associated disorders, the rising demand for functional foods, and the rising adoption of veganism.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of medicinal mushroom in the market are reishi, lion’s mane, chaga, turkey tail, shiitake, and cordyceps, among others.
The significant forms of medicinal mushroom in the market are powder, whole, and slice, among others.
The major end uses of medicinal mushrooms are antioxidant, immune enhancer, anti-cancer, and skin care, among others.
The major players in the market are Chaga Mountain Inc., Hokkaido Reishi Co. Ltd., Far West Fungi, DXN Marketing, and Swadeshi Mushroom Spawn, among others.
Analyst Review
Aided by the growing prevalence of various lifestyle associated disorders, the global medicinal mushroom market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 8.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is divided into reishi, lion’s mane, chaga, turkey tail, shiitake, cordyceps, and others. Based on form, the industry can be segmented into powder, whole, slice, and others. The market is divided based on end use into antioxidant, immune enhancer, anti-cancer, skin care, and others. The major regional markets for medicinal mushroom are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Chaga Mountain Inc., Hokkaido Reishi Co. Ltd., Far West Fungi, DXN Marketing, Swadeshi Mushroom Spawn, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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