Market Insight

Market Research Future (MRFR) expects Medicinal Mushroom Extract Industry 2020 to post a decent growth rate of 6.1% from 2020 to 2026 (evaluation period). MRFR also projects that by 2026, the market value can be USD 15,380.2 Million, which indicates strong growth prospects. We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Top Boosters and Barriers

Medicinal mushrooms have garnered a lot of traction over the years, given their health-enhancing properties. These are extensively used in extraction methods, such as fluids, powder, capsules, and others. A few common types of medicinal mushrooms are REISHI, shiitake, cordyceps, turkey tail, chaga, to name a few. The MRFR study suggests that the surge in health problems worldwide have been responsible for the strong growth of the medicinal mushroom extract market, while the rising focus on preventive healthcare have also bolstered their demand to a large extent.

Top Players

The top vendors active in the worldwide Medicinal Mushroom Extract Industry are New Roots Herbal Inc. (Canada), The Nature's Bounty Co. (US), Nature's Way Products, LLC (US), ORIVEDA BV (Netherlands), Bio Botanica, Inc. (US), NYISHAR (UK), Aloha MEDICINALS (US), Real Mushrooms (Canada), SAYAN Chaga (US), BIOFINEST (US), and more.

Market Segmentation

Type, form and function are the primary segments based on which the market study has been carried out in the MRFR report.

The types covered in the study are Reishi, Shiitake, Maitake, Chaga, Turkey Tail, Cordyceps, and more.

Market segmentation, depending on form, includes liquid, powder and capsules & tablets. The capsules & tablets segment is set to secure the top position and touch USD 8,834.1 million by 2026-end. The segment is also anticipated to achieve the fastest expansion rate of 6.3% between 2020 and 2026. Capsules & tablets are considered to be the most convenient forms of medicinal mushroom extracts and have extended shelf life. Therefore, the segment managed to seize a share of 56.62% in the global market in 2019.

Regional Insight

The key markets for Medicinal Mushroom Extract Industry are Europe, Asia Pacific/APAC, North America, and RoW/Rest of the World

APAC can make remarkable strides in the coming years, with a strong possibility of taking the lead in the global market. In 2019, APAC accounted for 73.18% share of the overall market in 2019, with China emerging as the top contributor to Medicinal Mushroom Extract Industry growth. The APAC market’s growth rate is expected to be 5.8% from 2020 to 2026, as a result of the rising marketing and promotion of medicinal mushroom extracts by leading brands in the region. Consumers’ buying patterns in favor of medicinal food indicate their inclination towards products that provide abundant health benefits.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.