Mushroom Extracts Market Introduction and Overview
According to SPER Market Research, the Global Mushroom Extracts Market is estimated to reach USD 35.471 billion by 2034 with a CAGR of 10.39%.
The report includes an in-depth analysis of the Global Mushroom Extracts Market, including market size and trends, product mix, Applications, and supplier analysis. The market for mushroom extracts is booming as more people become aware of its many health advantages, such as their ability to boost immunity, improve cognitive function, and reduce inflammation. These extracts, which come from medicinal mushrooms including lion's mane, Chaga, and Reishi, are frequently found in cosmetics, functional foods, and dietary supplements. Growing health-conscious customers, growing uses in pharmaceuticals, and growing demand for natural and plant-based ingredients are some of the main factors. But obstacles include supply chain limitations, expensive manufacturing, and possible adulteration problems hinder market expansion. Obstacles also include complicated regulations and low customer awareness in some areas. Global demand for mushroom extracts is still being driven by continuous research and innovation, despite these difficulties.
By Product Insights: Mushroom Extracts is classified into six categories based on Product: Shiitake Extract, Reishi Extract, Lion's Mane Extract, Cordyceps Extract, Turkey Tail Extract and Chaga Extract. The market for shiitake extracts is dominated. Shiitake mushrooms are native to Eastern Asia and have long been used in Traditional Chinese Medicine (TCM) and food. Shiitake mushrooms are well-known for their savory umami Flavor and health advantages, which include antioxidant protection, cardiovascular health, and immune system support. The market for Reishi mushroom extract is anticipated to expand at a notable compound annual growth rate. Reishi extracts are becoming more and more popular because of its proven ability to boost immunity, ease stress, and encourage relaxation.
By Form Insights: The market for Mushroom Extracts is segmented based on Form, including Powder, Liquid. The market share of powdered mushroom extract is greater. The increasing demand for natural health supplements, the expanding appeal of functional foods and drinks, and improvements in extraction technologies that boost product efficacy are all factors contributing to this sizeable market share. Sales of liquid mushroom extract have increased dramatically. Because liquid supplements are simple to incorporate into everyday routines whether by taking them directly or adding a few drops to beverages consumers are favouring them more and more.
By Application Insights: The market for Mushroom Extracts is segmented based on applications, including Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals and Cosmetics & Personal Care. Dietary supplements have a significant market share and were the most common application in the mushroom extract industry. The need for handy supplement forms that promote general health and vitality, the growing trend towards natural and organic products, and growing consumer knowledge of the health and wellness advantages of mushroom extracts are all factors contributing to this increase. A notable compound annual growth rate (CAGR) is anticipated for the market for mushroom extracts in cosmetics and personal care products due to rising consumer demand for clean and natural beauty products.
By Regional Insights: The market dominance of mushroom extract in the North America is a result of rising demand for natural supplements and expanding consumer knowledge of the health advantages of mushrooms. A strong market for mushroom extracts has resulted from the region's notable expansion, which has been fuelled by the rise in health-conscious lifestyles and the appeal of functional foods and beverages.
Market Competitive Landscape:
The existence of major players and small-scale producers has caused the market for mushroom extracts to become fragmented. Through creative product offers and strategic alliances, major players in the mushroom extract market are making a substantial contribution to the expansion of the sector. Some of the key market players are Bio Answer Holdings Inc., Nammex (North American Medicinal Mushroom Extracts), Nutri Avenue Inc, Applied Food Sciences, Inc., Hamiltons Mushroom Extracts, Naturalin Bio-Resources Co, Ltd, Oriveda BV, Ethical Naturals Inc., Sempera Organics, Nordic Mushrooms.
Recent Developments:
- In July 2024, MIGU Adaptogen Bio-tech Co., Ltd. extended its product line by introducing a new collection of quality Shiitake mushroom extracts, namely Shiitake Beta Glucan, Shiitake Mushroom Mycelia Extract, and Shiitake Mushroom Extract Powder. The purpose of these things' formulation is to improve general health and wellbeing.
- In September 2023, AFS joined up with Finland-based KAAPA Biotech, a business that specializes in the cultivation and investigation of fungi, to add Nordic-grown functional mushroom extracts for food, drinks, and supplements to its botanical providing.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Form, By Application. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Bio Answer Holdings Inc., Nammex (North American Medicinal Mushroom Extracts), Nutri Avenue Inc, Applied Food Sciences, Inc., Hamilton's Mushroom Extracts, Naturalin Bio-Resources Co, Ltd, Oriveda BV, Ethical Naturals Inc., Sempera Organics, Nordic Mushrooms. and others. |
Key Topics Covered in the Report:
- Global Mushroom Extracts Market Size (FY’2021-FY’2034)
- Overview of Global Mushroom Extracts Market
- Segmentation of Global Mushroom Extracts Market By Product (Shiitake Extract, Reishi Extract, Lion's Mane Extract, Cordyceps Extract, Turkey Tail Extract, Chaga Extract)
- Segmentation of Global Mushroom Extracts Market By Form (Powder, Liquid)
- Segmentation of Global Mushroom Extracts Market By Application (Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, Cosmetics & Personal Care)
- Statistical Snap of Global Mushroom Extracts Market
- Expansion Analysis of Global Mushroom Extracts Market
- Problems and Obstacles in Global Mushroom Extracts Market
- Competitive Landscape in the Global Mushroom Extracts Market
- Details on Current Investment in Global Mushroom Extracts Market
- Competitive Analysis of Global Mushroom Extracts Market
- Prominent Players in the Global Mushroom Extracts Market
- SWOT Analysis of Global Mushroom Extracts Market
- Global Mushroom Extracts Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Mushroom Extracts Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Mushroom Extracts Market
7. Global Mushroom Extracts Market, By Product (USD Million) 2021-2034
7.1. Shiitake Extract
7.2. Reishi Extract
7.3. Lion's Mane Extract
7.4. Cordyceps Extract
7.5. Turkey Tail Extract
7.6. Chaga Extract
8. Global Mushroom Extracts Market, By Form (USD Million) 2021-2034
8.1. Powder
8.2. Liquid
9. Global Mushroom Extracts Market, By Application (USD Million) 2021-2034
9.1. Dietary Supplements
9.2. Functional Foods & Beverages
9.3. Pharmaceuticals
9.4. Cosmetics & Personal Care
10. Global Mushroom Extracts Market, (USD Million) 2021-2034
10.1. Global Mushroom Extracts Market Size and Market Share
11. Global Mushroom Extracts Market, By Region, (USD Million) 2021-2034
11.1. Asia-Pacific
11.1.1. Australia
11.1.2. China
11.1.3. India
11.1.4. Japan
11.1.5. South Korea
11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France
11.2.2. Germany
11.2.3. Italy
11.2.4. Spain
11.2.5. United Kingdom
11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia
11.3.2. United Arab Emirates
11.3.3. Qatar
11.3.4. South Africa
11.3.5. Egypt
11.3.6. Morocco
11.3.7. Nigeria
11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada
11.4.2. Mexico
11.4.3. United States
11.5. Latin America
11.5.1. Argentina
11.5.2. Brazil
11.5.3. Rest of Latin America
12. Company Profile
12.1. Applied Food Sciences, Inc.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Bio Answer Holdings Inc.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Ethical Naturals Inc.
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Hamiltons Mushroom Extracts
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Nammex (North American Medicinal Mushroom Extracts)
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Naturalin Bio-Resources Co, Ltd
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Nordic Mushrooms
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Nutri Avenue Inc
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Oriveda BV
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Sempera Organics
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links