How large is the medicinal mushroom market, and what is its growth trajectory?
The medicinal mushroom market size has grown rapidly in recent years. It will grow from $37.88 billion in 2024 to $42.21 billion in 2025 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to rising awareness about medicinal mushrooms of their potential health benefits, increasing desire for functional foods, growth in sports nutrition, increasing desire for functional foods, and increasing high utilization of medicinal mushrooms.
The medicinal mushroom market size is expected to see rapid growth in the next few years. It will grow to $64.32 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to the growing vegan population, rising adoption of vegan food, growth in the shift to preventative health and wellness-oriented lifestyles, health-promoting benefits of medicinal mushrooms, and increasing demand for mushroom-based products. Major trends in the forecast period include growing interest in alternative and natural medicines, the growing shift towards natural and holistic health approaches, a rise in research and development activities, expansion of product diversity and accessibility, and advancements in cultivation and processing technologies.
Get Your Free Sample of The Global Medicinal Mushroom Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16733&type=smp
What key drivers have fueled the medicinal mushroom market’s development over the years?
The growing vegan population is expected to propel the growth of the medicinal mushroom market going forward. The increasing vegan population is driven by ethical, environmental, health-related, informational, and cultural factors, reflecting a growing awareness and acceptance of veganism as a viable and beneficial lifestyle choice. Medicinal mushrooms provide valuable nutritional support, health benefits, and culinary versatility for the vegan population, making them an important component of a balanced vegan diet and lifestyle. For instance, according to the Vegan Society, a UK-based registered educational charity, in 2023, 2.6 million people in Europe are now vegan, representing 3.2% of the European population, up from 2020. Therefore, the growing vegan population is driving the medicinal mushroom market.
What is the segmentation for the medicinal mushroom market?
The medicinal mushroom market covered in this report is segmented –
1) By Type: Shiitake, Reishi, Maitake, Chaga, Cordyceps, Turkey Tail, Other Types
2) By Form: Fresh, Dried, Other Forms
3) By Application: Antioxidants, Immune Enhancer, Anti-Cancer, Skin Care, Other Applications
4) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, E-Commerce
Subsegments:
1) By Shiitake: Dried Shiitake Mushrooms, Shiitake Mushroom Extracts, Shiitake Powder, Shiitake Mushroom Capsules Or Tablets, Shiitake Mushroom Teas
2) By Reishi: Dried Reishi Mushrooms, Reishi Mushroom Extracts, Reishi Mushroom Powder, Reishi Mushroom Capsules Or Tablets
3) By Maitake: Dried Maitake Mushrooms, Maitake Mushroom Extracts, Maitake Mushroom Powder, Maitake Mushroom Capsules Or Tablets, Maitake Mushroom Teas
4) By Chaga: Dried Chaga Mushrooms, Chaga Mushroom Extracts, Chaga Mushroom Powder, Chaga Mushroom Capsules Or Tablets, Chaga Tea, Organic Chaga Mushrooms
5) By Cordyceps: Dried Cordyceps Mushrooms, Cordyceps Mushroom Extracts, Cordyceps Mushroom Powder, Cordyceps Mushroom Capsules Or Tablets, Cordyceps Mushroom Teas
6) By Turkey Tail: Dried Turkey Tail Mushrooms, Turkey Tail Mushroom Extracts, Turkey Tail Mushroom Powder, Turkey Tail Mushroom Capsules Or Tablets, Turkey Tail Mushroom Teas
7) By Other Types: Lion’s Mane Mushroom, Agaricus Blazei, Tremella Mushroom, Phellinus Linteus, Birch Polypore, Enoki Mushroom, King Oyster Mushroom, Polypore Mushrooms
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/medicinal-mushroom-global-market-report
Who are the most influential companies in the medicinal mushroom market?
Major companies operating in the medicinal mushroom market are Costa Group, Monterey Mushrooms LLC, Nature’s Way Brands, Bio-Botanica, Banken Champignons B.V., Aloha Medicinals, Fungi Perfecti, Hirano Mushroom LLC, Fungi Ally, Far West Fungi, FreshCap Mushrooms, Swadeshi Mushroom, Asia Pacific Farm Enterprises, Gourmet Mushrooms Inc., Mycoterra Farm, Green Box Mushrooms, Shroomery, Four Sigmatic, Woodland Mushrooms, Fungaia Farm, Vitality Mushrooms, Annanda Chaga Mushrooms
What are the top industry trends projected to impact the medicinal mushroom market?
Major companies operating in the medicinal mushroom market are developing innovative products with advanced technologies, such as pulsed UV light technology, to enhance cultivation efficiency and increase the bioactive compounds in their products. Pulsed UV light technology refers to the use of intense, short bursts of ultraviolet light to enhance the safety, quality, and nutritional value of medicinal mushrooms. For instance, in October 2023, Nammex, a US-based company producing organic mushroom extracts, launched two new functional mushroom ingredients ErgoGold and mushroom-derived vitamin D. ErgoGold is a powdered extract of Golden Oyster mushrooms that contains beneficial compounds such as ergothioneine (ergo), beta-glucans, ergosterol, fiber, and secondary metabolites. It is suitable for those with yeast sensitivities and individuals seeking non-synthetic, full-spectrum ingredients. Nammex’s mushroom-derived vitamin D is produced using pulsed UV light technology to convert the fungal sterol ergosterol into high amounts of vitamin D2, making it a vegan ingredient that can provide the recommended daily allowance of vitamin D with as little as 60 mg. This makes it suitable for consumers looking for a plant-based source of vitamin D.
What are the major regional insights for the medicinal mushroom market, and which region holds the top position?
North America was the largest region in the medicinal mushroom market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medicinal mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Medicinal Mushroom Market Report 2025 Offer?
The medicinal mushroom market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Medicinal mushrooms refer to various species of fungi that have been used for their health benefits. They contain bioactive compounds that boost immunity, reduce inflammation, fight infections, and exhibit anti-cancer effects. The primary aim is to enhance health and wellness through their therapeutic properties.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16733
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
