The global medicinal mushroom extract market is projected to grow at a significant CAGR during the forecast period (2020-2026). Medicinal mushrooms are tiny fungi that are utilized for their medicinal benefits. Chaga, cordyceps, and reishi are some of the therapeutic mushrooms that are the most commonly used.

The medicinal mushrooms market has grown as global health issues have worsened. The market is being driven by a rising desire for functional foods among the majority of health-conscious individuals. Vegan cuisine is becoming more popular these days due to its health advantages, which might present an opportunity for the players.

Several epidemiological and clinical investigations have shown that mushrooms and mushroom-derived supplements can improve the efficacy of both innate and adaptive immune responses to a variety of pathogens, including viruses. Since COVID-19 has increased sales of immunity-boosting supplements, the use of mushroom extracts in these supplements is likely to rise rapidly.

Over the last two decades, there has been a substantial change in consumer lifestyles and food patterns across the globe. As a result of urbanization and consumerism, there has been a fast growth in the consumption of synthetic foods, leading to an increase in the prevalence of lifestyle illnesses, which consumers are becoming increasingly conscious of. As a result, consumers are increasingly shifting their preferences toward functional foods and drinks that are claimed as providing benefits beyond basic nutrition. These items are said to provide adequate nourishment while also lowering the risk of illness. 

The market for medicinal mushrooms is estimated to grow considerably during the forecasted period since these mushrooms are increasingly being used in functional foods and beverages such as coffee and cocoa. Also, the growing consumer desire for organic and natural goods in developing countries is expected to drive the medicinal mushroom extracts market growth.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Type 
• Competitive Landscape: Banken Champignons B.V., Far West Fungi, Hokkaido Reishi Co., Ltd, Swadeshi Mushroom Spawn, Chaga Mountain, Inc., Concord Farms, and SSD Mushrooms, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Medicinal Mushroom Extract Market Report 

By Type

• Chaga
• Cordyceps
• Reishi
• Others

By Region