Medicinal Mushroom Market: By Type, By Form, By Function, and Geography

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Medicinal Mushroom Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Reishi, Maitake, Shiitake, Chaga, Cordyceps, Turkey Tail, and Other Types), By Form (Fresh, Dried, and Other Form), By Function (Antioxidant, Immune Enhancer, Anti-Cancer, Skin Care, and Other Functions), and Region

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Medicinal Mushroom Market size was valued at US$ 4,912.3 million in 2023 and is poised to grow at a CAGR of 9.4% during 2024-2030. The mushrooms are those fungi that traditionally bear medicinal value to health benefits. Such mushrooms contain bioactive compounds that are believed to help boost the immunity system, reduce inflammation, and give antioxidant properties. The common examples include Reishi, Shiitake, Maitake, and Cordyceps. Increasing consumer preference for natural and plant-based supplements drives the medicinal mushroom market. The growth of natural and organic products is because their consumers prefer to maintain a healthy life and an alternative to synthetic drugs.

Medicinal mushrooms are considered safe means of natural sources that provide very many health-related benefits, such as immune enhancement and stress reduction. For instance, according to NBJ, the natural products industry has grown radically in the past years, with the dietary supplements sector included. However, the cultivation and processing of the mushrooms can be an expensive operation, considering high-quality and organic products. This might create an entry barrier for small companies, hence limiting the number of products that could reach consumers at competitive prices. With growing middle-class populations, emerging markets in Latin America and Asia-Pacific are now on the rise, and as disposal incomes continue to increase, demand for health and wellness products will also increase, including medicinal mushrooms.

Medicinal Mushroom Market Key Developments:

  • In 2024: Four Sigmatic, one of the largest functional mushroom companies, has recently announced its new product line, "Mindful Mushrooms," to drop in early 2024. The line consists of mushroom-injected supplements and beverages directed at mental clarity, stress reduction, and general cognitive health.
  • In 2023: Om Mushroom Superfood launched "Mushroom Boost" capsules in 2023, which it positioned for immune support. This blend includes Reishi, Turkey Tail, and Maitake mushrooms for maximum immune system functionality.

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Medicinal Mushroom Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.4%

Largest Market

Asia-Pacific

Fastest Growing Market

North-America

Medicinal Mushroom Market Dynamics

Consumer preference for natural and plant-based supplements is the major driver of the medicinal mushroom market. Increasing awareness about the probable side effects of synthetic drugs is making people reach out more and more to natural alternatives for preventive healthcare and wellness. For instance, according to the CRN's 2022 Consumer Survey on Dietary Supplements, 75% of U.S. adults use dietary supplements, with a huge rise in the use of natural and plant-based supplements. Setting the stage is the consumer's increasing interest in wellness and preventive health, driving demand toward a host of items that include even medicinal mushrooms. Medicinal mushrooms have a long history of use in traditional medicine and are rapidly finding their way into prominence as immunity enhancers, cognitive function promoters, and overall wellbeing promoters in supplement form.

Medicinal Mushroom Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 4,912.3 million

Market CAGR

9.4%

By Type

  • Reishi
  • Maitake
  • Shiitake
  • Chaga
  • Cordyceps
  • Turkey Tail
  • Other Types

By Form

  • Fresh
  • Dried
  • Other Form

By Function

  • Antioxidant
  • Immune Enhancer
  • Anti-Cancer
  • Skin Care
  • Other Functions

Key Features of the Report

  • The medicinal mushroom market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.

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Frequently Asked Questions

Medicinal mushrooms are fungi used in traditional medicine for their potential health benefits, such as boosting immunity and reducing inflammation.

The market is driven by increasing consumer preference for natural and plant-based supplements.

North America is the leading region due to high consumer awareness and demand for natural health products.

The market faces challenges such as regulatory hurdles, high production costs, and competition from synthetic drugs.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Medicinal Mushroom Market Introduction 
2.1.Global Medicinal Mushroom Market  - Taxonomy
2.2.Global Medicinal Mushroom Market  - Definitions
2.2.1.Type
2.2.2.Form
2.2.3.Function
2.2.4.Region
3.Global Medicinal Mushroom Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Medicinal Mushroom Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Medicinal Mushroom Market  By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Reishi
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Maitake
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Shiitake
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Chaga
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Cordyceps
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Turkey Tail
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Other Types
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
6.Global Medicinal Mushroom Market  By Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Fresh
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Dried
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Other Form
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Medicinal Mushroom Market  By Function, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Antioxidant
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Immune Enhancer
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Anti-Cancer
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Skin Care
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Other Functions
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Medicinal Mushroom Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Medicinal Mushroom Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Reishi
9.1.2.Maitake
9.1.3.Shiitake
9.1.4.Chaga
9.1.5.Cordyceps
9.1.6.Turkey Tail
9.1.7.Other Types
9.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Fresh
9.2.2.Dried
9.2.3.Other Form
9.3.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Antioxidant
9.3.2.Immune Enhancer
9.3.3.Anti-Cancer
9.3.4.Skin Care
9.3.5.Other Functions
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Medicinal Mushroom Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Reishi
10.1.2.Maitake
10.1.3.Shiitake
10.1.4.Chaga
10.1.5.Cordyceps
10.1.6.Turkey Tail
10.1.7.Other Types
10.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Fresh
10.2.2.Dried
10.2.3.Other Form
10.3.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Antioxidant
10.3.2.Immune Enhancer
10.3.3.Anti-Cancer
10.3.4.Skin Care
10.3.5.Other Functions
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Medicinal Mushroom Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Reishi
11.1.2.Maitake
11.1.3.Shiitake
11.1.4.Chaga
11.1.5.Cordyceps
11.1.6.Turkey Tail
11.1.7.Other Types
11.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Fresh
11.2.2.Dried
11.2.3.Other Form
11.3.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Antioxidant
11.3.2.Immune Enhancer
11.3.3.Anti-Cancer
11.3.4.Skin Care
11.3.5.Other Functions
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Medicinal Mushroom Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Reishi
12.1.2.Maitake
12.1.3.Shiitake
12.1.4.Chaga
12.1.5.Cordyceps
12.1.6.Turkey Tail
12.1.7.Other Types
12.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Fresh
12.2.2.Dried
12.2.3.Other Form
12.3.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Antioxidant
12.3.2.Immune Enhancer
12.3.3.Anti-Cancer
12.3.4.Skin Care
12.3.5.Other Functions
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Medicinal Mushroom Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Reishi
13.1.2.Maitake
13.1.3.Shiitake
13.1.4.Chaga
13.1.5.Cordyceps
13.1.6.Turkey Tail
13.1.7.Other Types
13.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Fresh
13.2.2.Dried
13.2.3.Other Form
13.3.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Antioxidant
13.3.2.Immune Enhancer
13.3.3.Anti-Cancer
13.3.4.Skin Care
13.3.5.Other Functions
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Far West Fungi
14.2.2.Four Sigmatic Foods Inc.
14.2.3.Fungi Perfecti LLC
14.2.4.Gourmet Mushrooms Ltd.
14.2.5.Natures Way Products LLC
14.2.6.Nikkei Canada Marketing Ltd.
14.2.7.Aloha Medicinals
14.2.8.Asia Pacific Farm Enterprises Inc.
14.2.9.Banken Champignons B.V.
14.2.10.Bio Botanica Inc.
14.2.11.Concord Farms
14.2.12.DXN Holdings
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Far West Fungi
  • Four Sigmatic Foods Inc.
  • Fungi Perfecti LLC
  • Gourmet Mushrooms Ltd.
  • Natures Way Products LLC
  • Nikkei Canada Marketing Ltd.
  • Nyishar
  • Oriveda BV
  • PREMIUM HOKKAIDO Co. Ltd.
  • Aloha Medicinals
  • Asia Pacific Farm Enterprises Inc.
  • Banken Champignons B.V.
  • Bio Botanica Inc.
  • Concord Farms
  • DXN Holdings

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