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Base Year
Historical Year
Forecast Year
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% |
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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 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:
Based on form, the industry can be segmented into:
The market is divided based on end use into:
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.
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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.
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:
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.
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. |
*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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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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Australia
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+61 448 06 17 27
India
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+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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