Mushroom Extracts Market Size, Share, Trends, Industry Analysis Report: By Product, Form (Powder and Liquid), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034

The global mushroom extracts market size is expected treach USD 33.51 billion by 2034, according ta new study by Polaris Market Research. The report “Mushroom Extracts Market Size, Share, Trends, Industry Analysis Report: By Product, Form (Powder and Liquid), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The mushroom extracts market demand is significantly driven by health and wellness trends as consumers increasingly prioritize natural and organic products for maintaining and improving their well-being. The growing awareness regarding the benefits of a healthy lifestyle drives demand for supplements that support overall health, making mushroom extracts attractive for their potential tenhance immune function, reduce stress, and improve cognitive function. Thus, the market for mushroom extracts is expanding as health-conscious individuals seek products that align with their wellness goals.

Several companies are engaged in the development of a wide array of mushroom extract products, including functional beverages, dietary supplements, skincare, and wellness items, tmeet the diverse needs and preferences of consumers. Moreover, the wellness products are combined with mushroom extracts tcreate convenient formats such as powder and liquid. Consequently, the consistent introduction of effective and innovative mushroom products aimed at diverse applications is driving the mushroom extracts market expansion.

The increasing demand for natural approaches tmanage mental well-being is driving the mushroom extracts market growth as the extracts have shown efficacy in mental health treatment. In the US, ∼20% of adults are affected by mental illness, including severe conditions such as bipolar disorder, schizophrenia, or major depression. Thus, there is a need for effective and natural treatment solutions, such as mushroom extracts, as they contain bioactive compounds that demonstrate neuroprotective and cognitive-enhancing effects by stimulating nerve growth and reducing symptoms of anxiety and depression. Consequently, the mushroom extracts market is expanding significantly due ttheir proven efficacy and the growing adoption of mushrooms as promoters of mental health.

Mushroom Extracts Market Report Highlights

Based on product, the reishi extract segment is estimated tregister a substantial CAGR during the forecast period due tits increasing application in functional foods and beverages.

By application, in 2024, the dietary supplements segment accounted for the largest share of the mushroom extracts market revenue, primarily driven by the growing consumer emphasis on preventative healthcare.

In 2024, North America dominated the market in terms of revenue share due tthe significant presence of key industry players and established companies such as Answer Holdings Inc., PURICA, Nammex, Nutri Avenue Inc., and Applied Food Sciences Inc.

The China mushroom extracts market is expected texperience substantial growth, driven by the rising focus on personalized nutrition within the Chinese consumer market.

A few global key market players are Applied Food Sciences, Inc.; Bio-Botanica (BiAnswer Holdings Inc.); ETHICAL NATURALS, INC.; Hamilton's Mushrooms; Integrity Ingredients Corporation; KÄÄPÄ Mushrooms; Nammex (North American Medicinal Mushroom Extracts); Naturalin Bio-Resources Co., Ltd; Nutri Avenue Inc; PURICA; and Sempera Organics.

Polaris Market Research has segmented the mushroom extracts market report on the basis of product, form, application, and region:

By Product Outlook (Revenue – USD Billion, 2020–2034)

§ Chaga Extract

§ Cordyceps Extract

§ Lion's Mane Extract

§ Reishi Extract

§ Shiitake Extract

§ Turkey Tail Extract

§ Others

By Form Outlook (Revenue – USD Billion, 2020–2034)

§ Powder

§ Liquid

By Application Outlook (Revenue – USD Billion, 2020–2034)

§ Cosmetics & Personal Care

§ Dietary Supplements

§ Functional Foods & Beverages

§ Pharmaceuticals

By Regional Outlook (Revenue – USD Billion, 2020–2034)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa