Medicinal Mushroom Extract Market Analysis, Future Growth, Business Prospects and Forecast to 2023 Market Overview: Medicinal mushrooms are microscopic fungi, which are used for their health-promoting properties. They are used in form of extracts, which include capsules, powder, liquid, and others. Some of the commonly known medicinal mushrooms are chaga, cordyceps, reishi, turkey tail, shiitake, and others. These mushrooms regulate immune system, control cholesterol, help to stave off cardiovascular diseases, improve lung function, fight cancer cells, and much more. These medicinal mushroom extracts are nutrient rich along with their ability to heal various diseases. They are mainly used in dietary supplements and functional foods. However, increasing awareness regarding medicinal mushrooms and continuous R&D are adding fuel to the demand for medicinal mushroom extract from various industries. Medicinal mushroom extract possesses various health-promoting attributes, which has increased its applications in the pharmaceuticals industry over the last few years. Different medicinal mushrooms perform different health functions including antioxidants, anticancer, immune modulator, hepatic-protective, and others, which have gained popularity among various industries. Rising health problems at the global level have opened doors for the medicinal mushroom market. Increasing demand for functional foods among the growing health-conscious population is driving the market for medicinal mushroom extract. Moreover, continuous R&D efforts in the medicinal mushroom market are further boosting the growth of the market. However, lack of effective production skills is building a gap between demand and supply market, which is restraining the growth of medicinal mushroom extract market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.3% of medicinal mushroom extract market during the forecast period 2017-2023.
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