Medicinal Mushroom Extract Global Market Overview, Top Key Players, Industry Growth Analysis and Forecast to 2023

Market Overview:

The medicinal mushroom extract is gaining popularity among the growing population for its health beneficial attributes. Rising health problems over the globe are one of the driving factors for medicinal mushroom extract market. Presently, 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 growing applications of medicinal mushroom extract in various industries.

Increasing demand for functional foods among the growing health-conscious population is further boosting the growth of the medicinal mushroom extract market. However, lack of effective production skills is building a gap between demand and supply market, which is restraining the growth of the global medicinal mushroom extract market.

The medicinal mushroom extract is obtained from different types of medicinal mushrooms such as chaga, cordyceps, reishi, turkey tail, shiitake, and others. The various health-promoting attributes of medicinal mushroom extract include regulating the immune system, control cholesterol level, helps to stave off cardiovascular diseases, improve lung function, fight cancer cells, and much more. The different forms of medicinal mushroom extract include capsules, liquid, powder, and others. The application of medicinal mushroom extracts is increasing in various industries owing to its high nutritional and medicinal attributes, which is driving its market growth.

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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Major Key Players:

The major players in the Medicinal Mushroom Extract Market,

• Nutra Green Biotechnology Co (U.S.)
• Amax NutraSource, Inc. (U.S.)
• Nyishar (U.K.)
• Real Mushrooms (Canada)
• New Roots Herbal Inc. (Canada)
• Names (North American Medicinal Mushroom Extracts) (Canada)
• Oriveda BV (The Netherlands)

List of Figures:

Figure 1 research methodology   

Figure 2 primary data analysis approach   

Figure 3 secondary data analysis approach   

Figure 4 trends in medicinal mushroom extract market imports 2011-16

Figure 5 growth rate in medicinal mushroom extract market imports 2011-16

Figure 6 medicinal mushroom extract market imports market share by top 5 importers (2011 vs 2016)

Figure 7 trends in medicinal mushroom extract market exports 2011-16

Figure 8 growth rate medicinal mushroom extract market exports 2011-16

Continued….

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Regional Analysis:

The global medicinal mushroom extract market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the global medicinal mushroom market and China, Japan, and Korea are major contributors in terms of production as well as consumption.
Europe is expected to witness substantial growth owing to increasing health conscious population and their inclination towards functional food. Moreover, in North America, the U.S. is dominating the market. Additionally, owing to high nutritional and medicinal attribute, the medicinal mushroom extract market is projected to witness moderate growth in the Middle East over the estimated period.

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