Medicinal Mushroom Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028
Medicinal Mushroom Market was valued at USD 214.99 million in 2021 and is expected to reach USD 373.26 million by the year 2028, at a CAGR of 8.2%
Medicinal mushrooms are fungal organisms specifically basidiomycetes that are recognized as superfoods, nutritional supplements, and nutraceuticals. They form a part of the very extensive natural health products category in Asia where Traditional Chinese Medicine has utilized herbal preparations for thousands of years. In addition, Asia is also regarded as the historical site for mushroom cultivation. The cultivation of Shiitake, a medicinal mushroom has been reported to have originated in China in the 12th century and China produces 70% of the world's mushrooms. Eastern medicine practices have been utilizing medicinal mushrooms for thousands of years and have gained more popularity in recent times. Moreover, there are about 14,000 species of mushrooms worldwide, out of which 350 species are consumed around the globe. Fungal species such as Lentinula edodes (Shiitake), Inonotus obliquus (Chaga), Ganoderma lingzhi or Ganoderma sichuanense (Lingzhi or Reishi), and many others have been collected in the wild and utilized as medicines for several hundred years in many Asian countries, such as Japan, China, and Korea. Such ancient traditional practices have stimulated modern scientific studies of fungal medicinal properties, especially anticancer bioactivities. Mushrooms are naturally taken in the form of powder.
The global Medicinal Mushroom market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key drivers of development is enhanced. To estimate the market size, boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down. The research examines the competitive landscape as well as the most current positions of major rivals in the Medicinal Mushroom industry.
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Key
• FreshCap Mushrooms LTD. (Canada)
• Banken Champignons B.V. (Netherlands)
• Far West Fungi (US)
• Swadeshi Mushroom (India)
• DXN (Malaysia)
• Nikkei Marketing Limited (Canada)
• Chaga Mountain Inc (US)
• Asia Pacific Farm Enterprises (Canada)
• NC Exotic Mushrooms (Netherlands)
• Bonduelle SA (France)
• Nammex (Canada)
• Naturalin (China)
• Real Mushrooms (Canada)
• Mitoku (Japan)
• Hirano Mushroom LLC (Serbia)
• Gourmet Mushrooms Inc. (US), and other major players.
Medicinal mushrooms are tiny fungi that are used for their medicinal benefits. Vitamin B, vitamin D, amino acids, calcium, potassium, and fibre are all abundant in medicinal mushrooms. These nutrients are essential for increasing antioxidant activity and lowering free radical levels in the body. They're employed in a variety of extraction procedures, including as powder, capsules, fluids, and others. The market for medicinal mushrooms is expanding due to the rising prevalence of health problems across the world. With the emergence of medicinal mushrooms, the market growth is driven by an increased desire for functional foods among the majority of health-conscious consumers.
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Medicinal Mushroom Key Benefits:
• The report provides a qualitative and quantitative analysis of the Medicinal Mushroom market trends, forecasts, and market size to determine new opportunities.
• Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Top impacting factors & major investment pockets are highlighted in the research.
• The major countries in each region are analyzed and their revenue contribution is mentioned.
• The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
The market of medicinal mushrooms is in a phase of high growth in the life cycle of the product and expects a remarkable growth during the forecast. Other convergent trends that support the growth of the medicinal mushroom market are the trend towards authentic foods, functional foods or ancient from the ancestors, healthy products for the gut and oriental herbal medicine. It turns out that medicinal fungi are at the link of all these trends.
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The medicinal mushroom market is in the high growth phase of the product lifecycle and expected to witness a remarkable upsurge over the forecast period. Other converging trends that are supporting the growth of the medicinal mushrooms market are the functional food trend, ancient-eating or authentic foods of ancestor’s, eastern herbal medicine and guthealthy products.
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