Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Mushroom Extracts Market is Expected to Grow from USD 13,167.6 Million in 2023 to USD 34,767.5 Million by 2033, at a CAGR of 10.20% during the forecast period 2023-2033.
Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Mushroom Extracts Market Size, Share, and COVID-19 Impact Analysis, By Product (Shiitake Extract, Reishi Extract, Lion's Mane Extract, Cordyceps Extract, Turkey Tail Extract, Chaga Extract), By Form (Powder, Liquid), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The mushroom extract industry involves the manufacturing, processing, and sale of extracts from different species of mushrooms, used in functional foods, pharmaceuticals, nutraceuticals, and dietary supplements, spurred by growing health awareness and the need for natural remedies. This expansion is credited with increasing awareness of the therapeutic advantages of medicinal mushrooms and improvements in extraction technologies that provide powerful and effective mushroom extracts. The increasing use of mushroom extracts in the cosmetic and personal care market further fuels market expansion. Furthermore, mushroom extracts provide numerous health benefits that propel market growth, with each having specific uses. For instance, Reishi has stress-relief and immune-boosting abilities, Lion's Mane enhances cognitive function and memory, Cordyceps boosts energy and sports performance, Chaga offers antioxidant support, and Shiitake aids in immune health. These specific advantages align with consumer interest in natural health-oriented remedies, leading to increased utilization of mushroom extracts as dietary supplements, functional foods, and personal care products, thus propelling market growth as a whole. However, a lack of production and allergy issues are restricting the market growth. The absence of production of mushroom extract can become a problem for the market all over the world.
The shiitake extract segment held the highest share in 2023 and is estimated to grow at a significant CAGR during the forecast period.
Based on the product, the global mushroom extracts market is divided into shiitake extract, reishi extract, lion's mane extract, cordyceps extract, turkey tail extract, and chaga extract. Among these, the shiitake extract segment held the highest share in 2023 and is estimated to grow at a significant CAGR during the forecast period. Native to Eastern Asia, shiitake mushrooms have long been a mainstay in cuisine and Traditional Chinese Medicine (TCM). Appreciated for their rich umami flavor and health-promoting qualities, shiitake mushrooms assist immune function and cardiovascular function and provide antioxidant protection. Shiitake mushrooms are rich in bioactive compounds such as beta-glucans and ergothioneine, which qualify them as a nutritious addition to any diet. Whole Sun Wellness offers pure shiitake extracts that deliver strong health benefits with approximately 35% beta-glucan activity.
The powder segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the projected period.
Based on the form, the global mushroom extract market is divided into powder and liquid. Among these, the powder segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the projected period. This strong market presence is due to increased demand for natural health products, increasing functional foods and drink popularity, as well as increased efficacy in products from advancements in extraction technology. This business strategy seeks to address growing demands for health solutions based on mushrooms by providing standardized, certified organic powder extracts specifically designed for defined health benefits.
Asia Pacific is anticipated to hold the largest share of the global mushroom extracts over the projected period.
Asia Pacific is anticipated to hold the largest share of the global mushroom extracts market over the projected period. In Asian nations, the traditional food and medicinal consumption of mushrooms greatly impacts the buying behavior, making the Asia Pacific mushroom extracts market grow. Common varieties such as Shiitake and Reishi are frequently used in conventional methods, instilling a deep sense of value in their medicinal qualities.
Europe is estimated to grow at the fastest CAGR of the global mushroom extracts market during the forecast period. The most widely used functional mushrooms in Europe are Reishi, Lion's Mane, Chaga, Shiitake, and Cordyceps. These are popular due to their numerous health benefits, including immune system support, cognitive function, and stress relief, which are in line with the increasing demand for natural health products among European consumers.
Company Profiling
Major vendors in the global mushroom extracts market are Bio Answer Holdings Inc., Nammex (North American Medicinal Mushroom Extracts), Nutri Avenue Inc., Applied Food Sciences, Inc., Hamilton's Mushroom Extracts, Naturalin Bio-Resources Co., Ltd, Oriveda BV, Ethical Naturals Inc., Sempera Organics, and Nordic Mushrooms, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global mushroom extracts market based on the below-mentioned segments:
Global Mushroom Extracts Market, By Product
Global Mushroom Extracts Market, By Form
Global Mushroom Extracts Market, By Regional
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