Global Medicinal Mushroom Extracts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Medicinal Mushroom Extracts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Medicinal mushrooms have long been recognized for their health benefits in Eastern medicine; traditional medicine has used mushrooms for thousands of years. Studies have found that these medicinal mushrooms contain a variety of components that act as antioxidants, support immune function, and even promote cellular health and function.

Market Overview:

The latest research study on the global Medicinal Mushroom Extracts market finds that the global Medicinal Mushroom Extracts market reached a value of USD 279.13 million in 2022. It’s expected that the market will achieve USD 388.56 million by 2028, exhibiting a CAGR of 5.67% during the forecast period.

Medicinal Mushroom Extracts Market Challenges

Due to the nutritional and medicinal properties of medicinal mushroom extracts, market demand continues to grow. However, due to the continuous development of medicinal mushroom extract technology, continuous investment in research and development costs will become a challenge factor for the development of medicinal mushroom extracts.
The market demand for medicinal mushroom extracts continues to grow. Due to the high cost of manufacturing and R&D of medicinal mushroom extracts, resulting in higher product prices in the market, this will bring challenges to the development of the medical mushroom extract market.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

GanoHerb is one of the major players operating in the Medicinal Mushroom Extracts market, holding a share of 9.47% in 2021.
GanoHerb was established in 2001, and its main business is the cultivation, R&D, production and sales of organic log ganoderma.
Zhongke Health Industry Group Co., Ltd., formerly known as Nanjing Zhongke Group Co., Ltd., was established in 1990. Its main business is the production and R&D of Chinese medicine health products. The products mainly include Ganoderma spore capsules and Ganoderma spore oil capsules.

Segmentation Overview:

Among different product types, Powder segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Medicinal Mushroom Extracts market covered in Chapter 3:

Ideal Natural Extract
Amino Up Chemical
Nammex
GanoHerb
Lgberry
Zhongke Health Industry Group Corp., Ltd.
Zhejiang Shouxiangu Pharmaceutical Co., Ltd.
Aloha Medicinals
Fungi Perfecti
Life Cykel
Johncan international
Shaanxi Undersun Biomedtech
Baikal Herbs Ltd.
Naturalin

In Chapter 4 and Chapter 14.2, on the basis of types, the Medicinal Mushroom Extracts market from 2018 to 2029 is primarily split into:

Powder
Liquid

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medicinal Mushroom Extracts market from 2018 to 2029 covers:

Medicine
Food

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)