Global Reishi Mushroom Extract Market Report and Forecast 2024-2032

Global Reishi Mushroom Extract Market Outlook

The global reishi mushroom extract market is aided by the growth of medicinal mushroom market, which is expected to grow at a CAGR of 8.8% during the forecast period of 2024-2032.

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Asia Pacific to Significantly Contribute to the Demand of Reishi Mushroom Extract

Asia Pacific is the major region for reishi mushroom extract. The regional market is being driven by the increase in consumer demand, especially in countries like China and Japan. Markets like North America have seen a huge increase in the demand for reishi mushroom extract as many people are shifting to healthier substitutes for their daily meals. High nutritional value and medicinal properties of reishi mushroom extract have aided market growth in the regions. The increased applications of reishi mushroom extract in various industries, owing to its excellent properties is driving the market forward. Furthermore, rising adoption of plant-based ingredients in personal care and cosmetics industry is expected to drive the reishi mushroom extract market.

Reishi Mushroom Extract: Market Segmentation

The substance on which a mushroom grows is called a reishi mushroom. It acts as a medium of growth and proliferation for mycelium. The extract of reishi mushroom has traditionally been used in China, Korea, and Japan, for health benefits it offers, like longevity, enhanced immunity, promote liver and heart health, and relieve stress.

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By nature, the market is bifurcated into:

• Conventional
• Organic
• Others

By form, the global market can be bifurcated into:

• Liquid
• Powder
• Others

Based on end use, the industry is being segmented into:

• Food and Beverages
• Pharmaceutical and Dietary Supplements
• Cosmetics and Personal Care
• Others

The regional markets for the product include North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

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Favourable Characteristics Driving the Reishi Mushroom Extract Market Growth

The rising applications of reishi mushroom extract in various end-use industries like food and beverage, cosmetics, and pharmaceuticals have driven the market forward. Associated health functions including antioxidants, anticancer agents, and immune modulators have helped the product find a place in the global market. Reishi mushroom extract is being rapidly used to cure liver diseases, relieve stress, and enhance immunity, which in turn has led to an increased demand by health-conscious customers. Apart from this, continuous research and development activities in the medicinal mushroom sector are expected to propel the market growth.

Key Industry Players in the Global Reishi Mushroom Extract Market

The report gives a detailed analysis of the following key players in the global reishi mushroom extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Bio Botanica, Inc.
• Nammex (North America Medicinal Mushroom Extracts)
• Xi’an Yuensun Biological Technology Co., Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report