Medicinal Mushroom Extracts Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 17.3 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
As we move into the 2023-2033 period, the medicinal mushroom extracts market is projected to see even higher demand. The global focus on holistic health solutions and alternative therapies is expected to continue driving market expansion. By 2033, the market could witness a valuation surpassing USD 10 billion, with a CAGR that may exceed 12%. In addition, advancements in cultivation and extraction technologies will make these products more affordable and accessible. Moreover, the ongoing research into the potential health benefits of medicinal mushrooms—including their role in treating chronic illnesses, boosting cognitive function, and offering anti-inflammatory properties—will significantly contribute to the sector's growth.
Regional demand in emerging markets, particularly in Asia-Pacific, is expected to rise substantially as consumers become more educated about the benefits of functional foods and traditional medicine. The rapid adoption of mushrooms for health benefits in countries like China, Japan, and India will drive the market further. Additionally, the rising trend of sustainable and eco-friendly production practices will likely promote the growth of organic medicinal mushroom extracts. Companies are expected to expand their product offerings, which will include functional foods, beverages, and skincare products infused with medicinal mushrooms.
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The medicinal mushroom extracts market has witnessed remarkable growth from 2018 to 2022, driven by increasing awareness about the health benefits of mushrooms such as Lion’s Mane, Reishi, Cordyceps, and Chaga. Consumers have been leaning towards natural health products due to growing concerns over the side effects of synthetic drugs. The demand for these extracts surged as functional foods, dietary supplements, and alternative medicine gained popularity. According to recent reports, the market experienced a compound annual growth rate (CAGR) of over 8% during this period, reflecting the growing inclination towards wellness-focused consumption trends.
During 2020-2022, global health challenges, particularly the COVID-19 pandemic, further accelerated the demand for medicinal mushrooms. People sought immunity-boosting solutions, and mushroom extracts were recognized for their potential to support immune health. The rise of e-commerce platforms also played a key role in expanding the market, making it easier for consumers to access a wide variety of medicinal mushroom products. Meanwhile, regional demand in North America and Europe outpaced other regions due to the strong consumer base interested in health and wellness trends.
Verygrass
Amino Up Chemical
Nammex
Baikal Herbs Ltd.
Johncan international
Aloha Medicinals
Limonnik
Fungi Perfecti
Kangxin
Shaanxi Undersun Biomedtech
Verygrass
NutraGenesis
Naturalin
Lgberry
Nyishar
Oriveda bv
Real Mushrooms
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medicinal Mushroom Extracts Market
Medicine
Food
Based on Types the Market is categorized into Below types that held the largest Medicinal Mushroom Extracts market share In 2023.
Powder
Liquid
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medicinal Mushroom Extracts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medicinal Mushroom Extracts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medicinal Mushroom Extracts Market, By Type
6. Global Medicinal Mushroom Extracts Market, By Application
7. Global Medicinal Mushroom Extracts Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Medicinal Mushroom Extracts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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