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Medicinal Mushroom Market

Global Medicinal Mushroom Market Size, Share, 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.

 

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

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
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.

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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