Global Medicinal Mushrooms Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

The Medicinal Mushrooms Market report has been segmented on the basis of product type, product form, end-user, and region.

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Global Medicinal Mushrooms Market: Overview

“The Medicinal Mushrooms Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Medicinal mushrooms have nutritional, medicinal, and functional properties and are used for alleviating, preventing, or healing diseases. Medicinal mushrooms consist of medical compounds such as antibiotics, anti-cancer drugs, immune suppressants, cholesterol inhibitors, psychotropic drugs, and others.

Global Medicinal Mushrooms Market: Dynamics

Medicinal mushroom offers health-promoting benefits which is a major driving factor for the growth of the target market. In addition, medicinal mushrooms are rich in various nutrients such as potassium, vitamin D, vitamin B, calcium, fiber, amino acids, and others that are essential for the human body.

Moreover, it also helps in increasing antioxidant activity and boosts the immune system. Medicinal mushrooms such as Chaga and Reishi are known for their antioxidant properties.

The above-mentioned factors are expected to support the growth of the target market. Moreover, the increasing popularity of medicinal mushrooms in cosmetics and personal care is expected to fuel the growth of the medicinal mushroom market globally.

A recent trend observed in the target market is growing population are adopting a vegan diet primarily due to its health-promoting benefits, which can create potential opportunity for players operating in the target market.

In September 2017, Kellogg Company invested in US-based MycoTechnology, Inc. MycoTechnology, Inc. is engaged in manufacturing “ClearTaste” and “PureTaste” which is a vegan Shiitake mushroom-based protein.

In addition, the modern lifestyle and increasing demand for meat substitutes are some other factors expected to support the growth of the global medicinal mushroom market globally.

However, possible side effects including dryness of the throat and nasal area along with rash and itchiness, diarrhea, headache, nosebleed, and bloody stools are a major factor expected to restrain the growth of the global medicinal mushroom market.

Global Medicinal Mushrooms Market: Segment Analysis

Among the product type segments, the shiitake segment is projected to hold a significant share in the global market over the forecast period.

Among the product form segments, the whole segment accounts for a significant share in terms of revenue over the forecast period.

Among the end-user segments, the industrial segment is expected to contribute a major share in terms of revenue in the global market.

Global Medicinal Mushrooms Market: Region Analysis

Geographically, the market in the Asia Pacific is expected to dominate the global medicinal mushroom market in revenue terms, owing to the increasing popularity of medicinal mushrooms in cosmetics.

In addition, favorable climatic conditions for mushroom cultivation and the presence of major players along with increasing awareness regarding fitness and wellness are some factors expected to boost the growth of the target market.

North American medicinal mushroom market is expected to account for the second-highest revenue share in the global market, due to the cultivation of shiitake on natural and synthetic logs in the region.

Global Medicinal Mushrooms Market Segmentation:

Segmentation by Product Type:

• Shiitake
• Reishi
• Maitake
• Cordyceps
• Turkey Tail
• Others (Lion’s mane mushrooms, Chaga)

Segmentation by Product Form:

• Whole
• Powder
• Slice
• Extract

Segmentation by End User:

• Household
• Commercial
• Industrial

Segmentation By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa