Mushroom Extracts Market Set for Robust Growth to USD 11.4 Billion by 2030, Led by North America's 45.80% Share | DataM Intelligence

Leander, Texas - The Global Mushroom extracts market reached USD 5.8 billion in 2022 and is expected to reach approximately USD 11.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.7% during the forecast period from 2024 to 2031.

This robust growth is driven by increasing consumer awareness of the health benefits of medicinal mushrooms, rising demand for functional foods and dietary supplements, and the expanding pharmaceutical industry use of mushroom extracts.

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United States: Key Industry Developments

✅ November 2025: Life Sciences Inc. entered the brain-boosting mushroom extract market with new functional mushroom products targeting cognitive enhancement and overall brain health, emphasizing natural supplement innovation.

✅ September 2025: Applied Food Sciences, Inc. continued expanding its MycoThrive line featuring clinically studied mushroom extracts like Lion's Mane aimed at cognitive and wellness benefits, focusing on clean label and organic standards.

✅ August 2025: Four Sigmatic launched Organic Mushroom Complex Capsules in varieties such as Focus, Calm, and Memory, combining adaptogens and vitamins, to meet growing consumer demand for targeted mushroom-based supplements.

Asia Pacific / Japan: Key Industry Developments

✅ October 2025: Japanese companies advanced in high-quality mushroom extract formulations with a focus on traditional medicinal mushrooms and organic certification, catering to Japan's aging population and wellness trends.

✅ July 2025: MIGU Adaptogen Bio-tech Co., Ltd launched new Shiitake mushroom extract products including Shiitake Beta Glucan and Mushroom Mycelia Extract powders, promoting overall health and immune support in Japan.

✅ May 2025: The Japanese organic mushroom extract market expanded through product innovation in dietary supplements and functional foods, supported by government initiatives encouraging natural health and organic agriculture.

Market Segmentation Analysis:
-By Type: Shiitake Mushroom Extract leads with a market share of approximately 33.9% in 2023, followed by Reishi, Lion's Mane, Cordyceps, Chaga, Turkey Tail, and others. Reishi is growing rapidly with an 11.5% CAGR due to its stress-relief and immune-boosting benefits.

-By Form: Powder Extract dominates the market with around 77.2% share in 2023, favored for its versatility and storage stability, while Liquid Extract is gaining popularity due to ease of use in beverages and health products.

By Nature: Organic mushroom extracts hold a dominant share of about 57.3% in 2024, driven by the rising consumer preference for natural, chemical-free, and sustainable products over conventional options.

-By Distribution Channel: Key channels include Supermarkets and Hypermarkets, Convenience Stores, E-commerce, and Others, with e-commerce growing rapidly as consumers increasingly purchase health supplements online.

-By Application: Dietary Supplements command the largest market share of approximately 48.5% in 2023, fueled by rising health awareness and demand for natural wellness solutions. Other applications include Food & Beverages, Personal Care and Cosmetics, and Other uses.

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Growth Drivers:
-Increasing consumer preference for natural, plant-based ingredients and clean-label products.

-Growing health awareness with a focus on preventive healthcare and immune system support.

-Rising demand for personalized nutrition and functional foods and beverages incorporating mushroom extracts.

-Expansion of online distribution channels and e-commerce facilitating wider -market reach.

-Emphasis on sustainable sourcing and transparency in product labeling.

-Investment in research and development by key market players to innovate and expand product offerings globally

Regional Insights:
-North America: North America dominates the global mushroom extracts market with a share of 45.80% in 2024. This is driven by increasing consumer awareness of the health benefits of medicinal mushrooms, a strong demand for natural and organic supplements, and the significant presence of key players and established companies. The U.S. is the primary market, with a large number of adults affected by mental illness and seeking natural health solutions, along with a high demand for clean-label products.

-Europe: Europe accounts for a significant portion of the market, with a revenue share of 29.6% in 2023. The market in this region is driven by increasing health consciousness among consumers, a shift toward natural remedies, and favorable regulations promoting herbal products. Countries like Germany and the UK contribute significantly to the market, with growing demand for organic and functional foods.

-Asia-Pacific: The Asia-Pacific region is projected to be the fastest-growing market, driven by long-standing culinary and medicinal uses of mushrooms, a large and growing population in countries like China and India, and the rapid expansion of e-commerce. The region accounted for approximately 42% of global revenue for medicinal mushroom extracts in 2023. China remains a leading producer and consumer, with high per capita consumption and a large production capacity.

-Middle East & Africa: This region holds approximately 5% of the global share. The market is gradually emerging, driven by increasing health awareness, a shift toward natural products, and rising disposable incomes.

-Latin America: This region represents a smaller but expanding market segment, with strong growth potential in countries like Brazil and Mexico. Growth is linked to increasing demand for protein-rich, plant-based products.

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Key Players:
NAMMEX | Xi'an Greena Biotech | Swanson | Life Extension | Nature's Answer | Bio Botanica, Inc. | Innophos | Baikal Herbs | Naturalin Bio-Resources Co., Ltd | New Roots Herbal, Inc.

Key Highlights (Top 5 Key Players) for Mushroom Extracts Market:
-Nammex (North American Medicinal Mushroom Extracts) leads the market with significant contributions to standardized mushroom extract formulations, playing a central role in the industry's growth.

-Bio Botanica (Bio Answer Holdings Inc.) is a major player with extensive research and product development supporting the mushroom extracts market.

-Naturalin Bio-Resources Co., Ltd. is recognized for its key presence and innovative product offerings within the market.

-Applied Food Sciences, Inc. actively drives sector advancement through product portfolio expansion, especially in the organic mushroom extract segment.

-Xi'an Greena Biotech is noted among top competitors contributing to technological and product innovation in mushroom extracts.

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