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Global Medicinal Mushroom Market Size To Grow At A CAGR Of 8.8% In The Forecast Period Of 2023-2028

12-02-2022 01:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

Global Medicinal Mushroom Market Size To Grow At A CAGR Of 8.8%

The 'Global Medicinal Mushroom Market Size Report and Forecast 2023-2028' by Expert Market Research gives an extensive outlook of the global medicinal mushroom market, assessing the market on the basis of its segments like types, forms, end uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.

Medicinal Mushroom Market Size, Share, Price Trends, Industry Report, Key Players, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 8.8%

The increasing cases of chronic diseases, changing lifestyles of the working population, and growing healthcare awareness are some of the factors triggering the demand for medicinal mushroom. In addition, the increasing prevalence of cancer and immunological diseases is providing impetus to the market. Moreover, the increasing awareness pertaining to the anti-inflammatory and antioxidant properties of the product is further propelling the medicinal mushroom market growth.

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Medicinal mushroom also possesses important skin care properties. In this regard, the increasing incorporation of medicinal mushrooms in cosmetics and personal care products is adding to the market growth. Over the forecast period, the anticipated increase in focus towards improving skin care regimes is expected to bolster the application of medicinal mushrooms in the personal care industry.

The increasing geriatric population across the emerging economies is leading to a heightened demand for immune-boosting functional foods, which is further likely to shape the medicinal mushroom market dynamics in the coming years. Furthermore, an increase in availability of clean-labelled medicinal mushroom products is being witnessed. The expansion of the retail sector, coupled with rapid urbanisation, is likely to boost the sale of medicinal mushrooms in the forecast period.

Medicinal Mushroom Industry Definition and Major Segments

Medicinal mushrooms are forms of microscopic fungi that are used for medicinal purposes. They are consumed in powder or liquid form for their various health benefits, including the prevention and treatment of various chronic diseases. An ancient medicine which has been used for centuries, medicinal mushroom can also be consumed to fulfil the nutritional requirements.

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Based on type, the market can be segmented into:

Lion's Mane
Turkey Tail

On the basis of form, the market has been divided into:


Based on end use, the market has been segmented into:

Immune Enhancer
Skin Care

On the basis of region, the market can be categorised into:

North America
Asia Pacific
Latin America
Middle East and Africa

Medicinal Mushroom Market Trends

The key trends in the global medicinal mushroom market include the growing expansion of the healthcare sector across developed and developing economies. The increasing expenditure of governments aimed towards improving the penetration of natural medicinal foods across healthcare units and retail stores is being witnessed.

The burgeoning e-commerce industry is another crucial trend propelling the sale of premium medicinal mushroom extracts and powder, attracting the customers through attractive packaging. The market is expected to witness expansion of opportunities owing to the growing research and development activities aimed towards understanding the scope of medicinal mushrooms across various industries.

In geographical terms, Asia Pacific holds a decent share in the medicinal mushroom market, which is being driven by the rising demand for downstream products of medicinal mushroom. The rising disposable income, which is being triggered by the strong economic growth of countries such as India, and China, among others, is further providing impetus to the market.

Key Market Players

The major players in the medicinal mushroom market report are Chaga Mountain, Inc., Hokkaido Reishi Co. Ltd., Far West Fungi, DXN Marketing Sdn Bhd, and Swadeshi Mushroom Spawn, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Media Contact:

Company Name: Claight Corporation
Contact Person: Ian Bell, Corporate Sales Specialist - U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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