Medicinal Fungi Market
Global Medicinal Fungi Market Size, Share & Trends Analysis Report by Type (Shiitake, Reishi, Maitake, Chaga, Cordyceps, Turkey Tail, And Others), by Category (Fresh, and Dried), and by Application (Antioxidant, Immune Enhancer, Anti-Cancer, Skin Care, and Others) Forecast 2022-2028 Update Available - Forecast 2024-2030
The global medicinal fungi or mushroom market is anticipated to grow at a significant CAGR of 9.6% during the forecast period. The health-promoting benefits of medicinal mushrooms are the primary factor driving growth in the medicinal mushrooms market. Rising consumer awareness of the health-promoting benefits of consuming medicinal mushrooms such as medicinal mushrooms are high in vitamins D, potassium, calcium, vitamin B, amino acids, fibre, and other nutrients that are necessary for the human body are driving their demand thereby accelerating the market gorwth. Medicinal mushrooms help to increase antioxidant activity and boost the levels and activity of many vital components of the human body's immune system. However, the negative effects of natural disasters on crop yield may stymie market growth. New launches by market players are expected to create wide scope for the market growth. For instance, in October 2020, Fungi Perfecti, LLC launched three new MycoBotanicals powders: Microbiome, Greens, and Complete Calm, as well as Elderberry Plus, a mushroom mycelium-based elderberry syrup. Each of the new products contains a handcrafted, synergistic blend of superfood mushroom mycelium and herbs. All four products are available at fungi.com and hostdefense.com, as well as health food stores nationwide.
Segmental Outlook
The global medicinal fungi market is segmented based on type, category, and application. Based on the type, the market is segmented into shiitake, reishi, maitake, chaga, cordyceps, turkey tail, and others. Among these, the demand for Chaga mushrooms is expected to rise as a result of the numerous health benefits associated with their consumption. Furthermore, rising consumer health consciousness is expected to fuel the growth of the Chaga mushroom segment. Based on the category, the market is sub-segmented into fresh and dried. Based on the application, the market is sub-segmented into antioxidant, immune enhancer, anti-cancer, skincare, and others.
Global Medicinal Fungi Market Share by Type, 2020 (%)
The Chaga Segment is Anticipated to Hold a Prominent Share in the Global Medicinal Fungi Market
Chaga segment is anticipated to hold the largest share in the market owing to its purposes for medical application. Medicinal fungi chaga mushrooms have been used as a medicine for centuries in Siberia and other parts of Asia to boost immunity and improve overall health. Despite its unappealing appearance, the Chaga mushroom is growing in popularity in the Western world due to its potential health benefits. A cup of chaga tea contains a lot of antioxidants. Consumption of this special mushroom, however, may pose some risks.
Regional Outlooks
The global medicinal fungi market is further segmented based on geography including North America (U.S., Canada), Europe (Germany, Italy, France, U.K, Spain, Rest of Europe), Asia-Pacific (China, India, South Korea, Japan, Rest of Asia-pacific), and Rest of World( Latin America and Middle East and Africa) The North America regional medicinal fungi market is expected to hold a prominent market share due to the presence of several key market player that are significantly contributing to the production and various types of medicines from fungi, thereby boosting the growth of medicinal fungi market,
Global Medicinal Fungi Market Growth, by Region 2022-2028
The Asia-Pacific Region is estimated to show fastest growth in the Global Medicinal Fungi Market
The Asia-Pacific is anticipated to be the fastest growing due to increasing consumption of mushroom and increasing their adoption in medical applications such as skin care, cancer treatment and others. The increased consumption of mushrooms leads to the surged its high production and exports. Health benefits associated by mushrooms such as immunity and longevity, while promoting liver and heart health creates their high demand among health conscious people. For instance, reishi, chaga, and Turkey tails are added with coffee and cocoa.
Market Players Outlook
The major companies serving the global Medicinal Fungi market include Banken Champignons B.V., Hokkaido Reishi Co. Ltd., Nutra Green Biotechnology Co., Amax NutraSource, Inc., Agro Dutch Industries and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Medicinal Fungi market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on The Global Medicinal Fungi Market
• Recovery Scenario of Global Medicinal Fungi Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Banken Champignons B.V.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Hokkaido Reishi Co. Ltd
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Nutra Green Biotechnology Co.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Amax NutraSource, Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Agro Dutch Industries
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Medicinal Fungi Market by Type
4.1.1. Shiitake
4.1.2. Reishi
4.1.3. Maitake
4.1.4. Chaga
4.1.5. Cordyceps
4.1.6. Turkey Tail
4.1.7. Others
4.2. Global Medicinal Fungi Market by Category
4.2.1. Fresh
4.2.2. Dried
4.3. Global Medicinal Fungi Market by Application
4.3.1. Antioxidant
4.3.2. Immune Enhancer
4.3.3. Anti-Cancer
4.3.4. Skin Care
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Agro Dutch Industries
6.2. Aloha Medicinals Inc.
6.3. Amino Up Co., Ltd.
6.4. Baikal Herbs Ltd.
6.5. Chaga Mountain, Inc
6.6. Delftree Mushroom Co
6.7. DXN Marketing
6.8. Fungi Perfecti, LLC
6.9. Ganoherb International Inc.
6.10. Limonnik
6.11. M/S.MAHAGRO INDIA
6.12. Modern Mushroom Farms
6.13. Monterey Mushrooms
6.14. Naturalin Bio-Resources Co., Ltd.
6.15. New Roots Herbal Inc.
6.16. Nikkei Marketing Ltd.
6.17. NutraGenesis LLC
6.18. Scelta Mushrooms
1. GLOBAL MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL SHIITAKE MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL REISHI MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MAITAKE MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL CHAGA MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL CORDYCEPS MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL TURKEY TAIL MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL OTHER MEDICINAL FUNGI TYPE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
10. GLOBAL FRESH MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DRIED MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
13. GLOBAL MEDICINAL FUNGI FOR ANTIOXIDANT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL MEDICINAL FUNGI FOR IMMUNE ENHANCER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL MEDICINAL FUNGI FOR ANTI-CANCER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL MEDICINAL FUNGI FOR SKIN CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL MEDICINAL FUNGI FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
22. NORTH AMERICAN MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. EUROPEAN MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. EUROPEAN MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
25. EUROPEAN MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
26. EUROPEAN MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
31. REST OF THE WORLD MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
32. REST OF THE WORLD MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2021-2028 ($ MILLION)
34. REST OF THE WORLD MEDICINAL FUNGI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MEDICINAL FUNGI MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MEDICINAL FUNGI MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL MEDICINAL FUNGI MARKET, 2022-2028 (%)
4. GLOBAL MEDICINAL FUNGI MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL SHIITAKE MEDICINAL FUNGI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL REISHI MEDICINAL FUNGI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MAITAKE MEDICINAL FUNGI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL CHAGA MEDICINAL FUNGI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL CORDYCEPS MEDICINAL FUNGI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL TURKEY TAIL MEDICINAL FUNGI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL OTHER MEDICINAL FUNGI TYPES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL MEDICINAL FUNGI MARKET SHARE BY CATEGORY, 2021 VS 2028 (%)
13. GLOBAL FRESH MEDICINAL FUNGI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL DRIED MEDICINAL FUNGI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL MEDICINAL FUNGI MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
16. GLOBAL MEDICINAL FUNGI FOR ANTIOXIDANT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL MEDICINAL FUNGI FOR IMMUNE ENHANCER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL MEDICINAL FUNGI FOR ANTI-CANCER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL MEDICINAL FUNGI FOR SKIN CARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL MEDICINAL FUNGI FOR OTHER APPLICATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL MEDICINAL FUNGI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. US MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
23. CANADA MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
24. UK MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
25. FRANCE MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
26. GERMANY MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
27. ITALY MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
28. SPAIN MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF EUROPE MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
30. INDIA MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
31. CHINA MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
32. JAPAN MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
33. SOUTH KOREA MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF ASIA-PACIFIC MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF THE WORLD MEDICINAL FUNGI MARKET SIZE, 2021-2028 ($ MILLION)
