Medicinal Mushroom Market Share Research Report - A Latest Research Report to Share Market Insights and Dynamics - 2027
Market
Highlights
Global Medicinal Mushroom Extract Market is
projected to be valued at USD 27,334.4 Million by 2026, recording
a CAGR of 7.1% during the forecast period. Medicinal mushroom
extracts are the dried powder or liquid extract derived from medicinal
mushrooms. The global medicinal mushroom extract market is expected to register
a notable growth rate during the forecast period. Health benefits associated
with medicinal mushrooms, and an increasing focus on preventive healthcare, are
the major factors driving the growth of the market. Moreover, the untapped
markets in various developing countries promise new opportunities for the
growth of the market. However, environmental constraints associated with
mushrooms hamper market growth.
Asia-Pacific constituted a dominant share of the medicinal mushroom extract
market in 2019 owing to the health benefits associated with medicinal
mushrooms. China dominated the lucrative Asia-pacific market. The increasing
consumer awareness has led to a growth in retail sales of medicinal mushroom
extracts. The rise of the organized retail sector is fueling the growth of the
market in the region, with products being widely available to consumers. The
market in Europe is estimated to exhibit the highest CAGR during the review
period. The increasing use of medicinal mushroom extracts as immunity boosters,
along with other health benefits, is driving the growth of the European
medicinal mushroom extract market.
Segmental Analysis
The global medicinal
mushroom market share has
been segmented based on type, form, function, and region.
By type, the market has been divided into shiitake,
reishi, chaga, maitake, cordyceps, turkey tail, and others. The shiitake segment accounted for the largest market
share in 2019, whereas the cordyceps segment is expected to record the highest
CAGR of 6.9% during the forecast period. The
cordyceps fungi grow on certain caterpillars in the high-altitude regions of
China. Natural cordyceps are hard to get and may be expensive. Most supplements
are made from cordyceps grown in laboratories. Cordyceps is widely used for
treating kidney disorders.
Based on form, the global medicinal mushroom extract market has been classified
as capsules & tablets, powder, and liquid. The capsules & tablets
segment accounted for the larger market share in 2019 in terms of
value. Capsules & tablets are the most widely available form of
medicinal mushroom extracts in the market. Compared to other forms, capsules
& tablets have a longer shelf life, which makes them more convenient to
use.
Based on function, the global medicinal mushroom extract market has been
classified as antioxidants, immunity enhancers, skin care, and others. The
antioxidants segment accounted for the largest market share in 2019 in terms of
value. Antioxidants are substances that help in protecting human cells
against free radicals, which may cause heart disease, cancer, and other
diseases. Free radicals are molecules produced when the human body breaks down
food or exposed to tobacco smoke or radiation. For instance, antioxidants
present in reishi helps in neutralizing free radicals in vitro. Similarly,
antioxidants present in chaga help in supporting cellular regeneration and
protect against cellular damage and genetic mutation.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/medicinal-mushroom-extract-market-4737
Regional Analysis
Geographically, the global
medicinal mushroom extract market
has been categorized as North America, Europe, Asia-Pacific, and the rest of
the world. As per MRFR analysis, Asia-Pacific dominated the global market, with
the largest share in 2018. The Europe medicinal mushroom extract market is
projected to register the highest CAGR of 6.8% during the forecast period.
Key Players
Market Research Future has recognized Aloha
Medicinals (US), New Roots Herbal, Inc. (Canada), Real Mushrooms (Canada),
Nyishar (UK), Oriveda BV (Netherlands), Sayan Chaga (US), Bio Botanica, Inc.
(US), Nature's Bounty Co. (US), Biofinest (US), and Nature's Way Products, LLC
(US) as the key players in the global medicinal
mushroom extract market.
Key Findings of the Study
- Global
Medicinal Mushroom Extract Market is projected to register a growth rate
of 6.1% from 2020 to 2026. Health benefits associated with medicinal
mushroom and the increasing focus on preventive medicines are projected to
propel the growth of the global medicinal mushroom extract market.
- The
shiitake segment is estimated to retain its prominent share till 2026
whereas, the cordyceps segment is projected to record a CAGR of 6.9%
during the forecast period.
- The
capsules & tablets segment accounted for the largest market share in
2019 and is expected to grow at a rate of 6.3% during the forecast period
- The
antioxidants segment is estimated to retain its dominant share till 2026,
whereas the immunity enhancers segment is estimated to register a growth
rate of 6.4% during 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