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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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.

Global Medicinal Mushroom Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion XX
Market Size 2032 USD Billion XX
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 8.8%
CAGR 2024-2032 - Market by Region Asia Pacific 11.0%
CAGR 2024-2032 - Market by Country India 11.6%
CAGR 2024-2032 - Market by Country Canada 10.3%
CAGR 2024-2032 - Market by Type Lion’s Mane 10.0%
CAGR 2024-2032 - Market by Form Powder  9.7%

Global Medicinal Mushroom Market

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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.

Global Medicinal Mushroom Market By End Use

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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
CAGR 2024-2032 - Market by Country
India 11.6%
Canada 10.3%
China 9.7%
USA 8.9%
Australia 7.5%
Japan 6.6%
UK XX%
Germany XX%
France XX%
Italy XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Medicinal Mushroom Market By Region

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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:

  • Type
  • Form
  • End Use 
  • Region
Breakup by Type
  • Reishi 
  • Lion’s Mane
  • Chaga 
  • Turkey Tail
  • Shiitake
  • Cordyceps 
  • Others
Breakup by Form
  • Powder 
  • Whole
  • Slice
  • Others
Breakup by End Use
  • Antioxidant
  • Immune Enhancer
  • Anti-Cancer
  • Skin Care
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Chaga Mountain, Inc.
  • Hokkaido Reishi Co. Ltd.
  • Far West Fungi
  • DXN Marketing Sdn Bhd;
  • Swadeshi Mushroom Spawn
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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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.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124