Medicinal Mushroom Market Scope
Medicinal mushrooms can be defined as macroscopic fungi, mostly higher Basidiomycetes that are used in the form of powder or extracts for prevention, alleviation, or healing of diseases and also for nutritional reasons. They are among the most commonly prescribed anticancer natural products with data from controlled clinical trials suggesting possible benefit in cancer treatment. They contain a class of polysaccharides recognized as beta-glucans that promote antitumor immunity related to antibody–Fc interactions by activating complement receptors. Moreover, their consumption offers several benefits such as increases antioxidants, enhances the immune system, manages blood sugar level, improves exercise performance, and beneficial for brain health, among others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Banken Champignons B.V. (Netherlands), Far West Fungi (United States), Hokkaido Reishi Co., Ltd (Japan), Swadeshi Mushroom Spawn (India), Mushroom Table (United Kingdom), DXN (Malaysia), Nikkei Marketing Limited (Canada), M/S.MAHAGRO INDIA (India), Chaga Mountain, Inc. (United States) and Asia Pacific Farm Enterprises (Canada) |
CAGR | 10.5% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Medicinal Mushroom market throughout the predicted period.
Banken Champignons B.V. (Netherlands), Far West Fungi (United States), Hokkaido Reishi Co., Ltd (Japan), Swadeshi Mushroom Spawn (India), Mushroom Table (United Kingdom), DXN (Malaysia), Nikkei Marketing Limited (Canada), M/S.MAHAGRO INDIA (India), Chaga Mountain, Inc. (United States) and Asia Pacific Farm Enterprises (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Concord Farms (United States) and SSD Mushrooms (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medicinal Mushroom market by Type , by Application (Anti-Cancer, Antioxidant, Immune Enhancer, Skin Care and Others) and Region with country level break-up.
On the basis of geography, the market of Medicinal Mushroom has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2023, AstorMueller AG, the parent company of AstorMueller Shoes India, has just announced the acquisition of Salamander, one of the most popular footwear brands in Europe with a history of more than 120 years.
In August 2018, HANAH, the creator of Ayurvedic superfood HANAH ONE, announced the launch of its 2018 harvest of Cordyceps+, its first product from the kingdom of Bhutan, considered to be the “land of medicinal herbs.” HANAH Cordyceps+ is a powerful combination of wild Bhutanese Cordyceps sinensis, a rare Himalayan medicinal mushroom, with eight other herbs and minerals all wild-harvested from the untouched Bhutanese Himalayas.
Influencing Trend:
Rising Popularity of Medicinal Mushroom as a Food
Market Growth Drivers:
Increase in Consumption of Processed Foods, Rise in Consumer Awareness about Health and Wellness, Promising and Profitable Business and R&D And Innovations to Expand Applicability & Accelerate Growth
Challenges:
Proper Process Management
Restraints:
Limited Shelf-Life of Mushrooms
Opportunities:
The Emerging Demand from Developing countries
Analyst View
Owing to the proven benefits of medicinal mushrooms in cancer treatment, their popularity has been increased significantly in the medical field. Moreover, their acceptance is also surging among the consumers due to its additional healing properties and health benefits. Thereby, medicinal mushrooms are now being used by consumers as ingredients in coffee, tea, smoothies, and broths, among others. They are also being majorly used in body care products such as soaps and shampoos. Therefore, the market is expected to witness immense growth during the forecast period with highest CAGR.
Key Target Audience
Medicinal Mushrooms Manufacturers, Medicinal Mushrooms Raw Material Suppliers, Medicinal Mushrooms Traders/Distributors, Medicinal Mushrooms Importer/Exporter, Regulatory & Government Bodies, End Users and Others