Medicinal Mushroom Market Size Analysis and In-depth study on Market Size Trends, Emerging Growth Factors and Regional Fore-cast to 2028
Market Introduction:
Medicinal mushrooms are
antibacterial, antifungal, and antiviral in nature. They contain some of the
most rejuvenating and nourishing health compounds of any substance on earth.
Each medicinal mushroom family has a different medicinal effect. The major share
of medicinal mushroom production was witnessed in Asia Pacific, which held
81.45% of market share in the year 2017. It has gained popularity among the
growing population for its high nutritional and medicinal benefits including
its ability in aiding weight loss, supporting cardiovascular health, fighting
against cancer cells, improving energy levels and brain function, reducing
inflammation, and supporting the immune system. Additionally, various elements
in the medicinal mushroom such as selenium, zinc, and kojic acid are beneficial
for healthy skin which is adding fuel to the growth of the medicinal
mushroom market size.
Market Forecast:
The global market for medicinal
mushroom has been experiencing high demand from the last few years and is
projected to reach 7,246,936 tons by 2023 compared to 3,548,044 tons in 2017.
Increasing application of medicinal mushroom in various industries is driving
the market of the medicinal mushroom market. Owing to the high nutritional
attributes of medicinal mushroom such as it is a good source of vitamin B &
D, it is gaining popularity among the health-conscious population.
Based on the type, reishi mushroom is
expected to witness the highest growth rate of 13.13% on the global level.
Cordyceps mushroom is also anticipated to grow rapidly during the forecast
period. Moreover, on the basis of category, the fresh medicinal mushroom is
dominating the market over the past years. However, the dried medicinal
mushroom is projected to witness a high growth rate of 14.04% over the forecast
period. Additionally, based on the function, the medicinal mushroom is
dominating in the functionality as an antioxidant and is expected to grow in
this segment at a CAGR of 13.30% over the estimated period.
Access Report Details @ https://www.marketresearchfuture.com/reports/medicinal-mushroom-market-5556
By Downstream Analysis
On the basis of the type of the
medicinal mushroom, the shiitake mushroom is dominating the market holding a
major share of 59.26%. However, the reishi mushroom is anticipated to grow
substantially over the forecast period followed by the cordyceps mushroom.
Based on the category of the
medicinal mushroom, the fresh mushroom is dominating the market holding a
global market share of 48.62%. However, the dried medicinal mushrooms are
expected to grow substantially over the forecast period followed by processed
medicinal mushrooms.
The functionality of medicinal
mushroom as an antioxidant has gained huge popularity and is dominating the
market with the major market share of 35.67% in the year 2017. Moreover, it is
likely to witness highest growth rate followed by its functionality as an
immune enhancer over the coming years.
Competitive Analysis
The major key players in medicinal
mushroom are:
- Bonduelle
SA (France)
- Monaghan
Mushrooms (England)
- Agro
Dutch Industries Ltd. (India)
- The
Mushroom Company (U.S.)
- Modern
Mushroom Farms (U.S.)
- Delftree
Mushroom Company (U.S.)
- Banken
Champignons (the Netherlands)
Regional Analysis
Among the regions, Asia Pacific is
dominating the medicinal
mushroom powder market with over 81.45% of the global market share and is
projected to reach more than 6,186,457 by 2023. In Asia Pacific, China is
expected to grow at the highest rate followed by Vietnam over the forecast period.
Moreover, RoW is projected to witness substantial growth during the forecast
period 2017-2023 in which the Middle East is dominating the market and is
expected to grow at the highest growth rate of 10.50% over the forecast period.
NOTE:
Our Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Contact us:
Market Research Future (part of Wantstats Research
and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York
10013, United States of America
Comments
Post a Comment