Medicinal Mushroom Market Overview
Market Research Future, a firm which specializes in market reports related to the Food, Beverages Nutrition sector among others, recently forecasted in its report on “Global Medicinal Mushroom Market Research Report- Forecast to 2030” that the market will demonstrate a remarkable CAGR 8.90% and is estimated to reach 7.03 billion during the forecast period. Due to the large number of advantages associated to mushroom consumption, the market of medicinal mushroom is growing at an incremental pace of development on the global stage.
Medicinal mushroom contain some of the most rejuvenating and nourishing health compounds of any substance on earth. The application of medicinal mushroom is escalating owing to the nutritional values associated with it. This is further encouraging the growth of medicinal mushroom on a global platform. Medicinal mushroom is a good source of vitamin B D and also supports cardiovascular health, aids weight loss, improves energy levels and brain function, reduce inflammation, and support the proper metabolism of the immune system. The sector is driven in a major way by the demand directed from nutraceuticals sector owning to the health benefits obtained from it. The popularity of consumption of nutraceuticals is driving the sales of medicinal mushrooms majorly in the Asia Pacific region.
Health awareness and rising population of vegan consumers have prompted the growth of medicinal mushroom in the daily diet of individuals. Increase in fitness and wellness sector awareness has enhanced the market growth trajectory of the sector to an elevated level. A shit in consumers’ lifestyle and rise in demand for meat substitutes have supported the growth of medicinal mushroom market outlook globally. Escalation observed in the consumption of plant based protein is also adding fuel to the development of this market.
Global Medicinal Mushroom Market - Competitive Analysis
Key players in the global mushroom market are focusing on delivering fresh medicinal mushrooms with better shelf-life to the consumers. Additionally, based on growing demand for medicinal mushrooms, players in the mushroom market are identified to invest hugely in order to strengthen their business portfolio in the global medicinal mushroom market. The best long-term growth opportunities for this sector can be captured by ensuring ongoing product improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in medicinal mushroom are New Roots Herbal Inc. (Canada), Names (North American Medicinal Mushroom Extracts) (Canada), Nutra Green Biotechnology Co (U.S.), Amax NutraSource, Inc. (U.S.), Nyishar (U.K.), Real Mushrooms (Canada), and Oriveda BV (The Netherlands) among many others.
Global Medicinal Mushroom Market – Segments
The global Medicinal mushroom market has been divided into type, form, function, and region.
On The Basis Of Type: Chaga, Cordyceps, Reishi, Ganoderma, Shiitake, and Others
On The Basis Of Form: Capsules, Liquid, Powder, and Others
On The Basis Of Function: Antioxidant, Immune Enhancer, Anti-Cancer, Skin Care, and Others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Global Medicinal Mushroom Market - Regional Analysis
The global market is segmented into North America, Europe, APAC, and Rest of the World (RoW). This medicinal mushroom market share is highly dominated by Asia Pacific and Europe region due to high production of mushroom and consumption demand from these regions. APAC is also considered to be the fastest growing region owning to high consumption of mushrooms such as shiitake majorly in China and Japan. The consumption of medicinal mushroom in developing counties like India is expected to grow in the upcoming years.
Latest Industry Updates
Sept 2021 In order to meet consumers demand for vegan protein, Kellogg announced its investment in mushroom protein company. The company invested in MycoTechnology which is a Colorado-based organic food technology company. The company engages in the production of a bitterness blocking ingredient called ClearTaste and a vegan Shiitake mushroom-based protein called PureTaste.
Aug 2021 To-Jo Mushrooms partnered with Food Lion in order to launch Mushroom Chop. The product is a triple-chopped white mushrooms that provides a ready-to-blend product with ground proteins. Rising demand for mushroom has encouraged the manufacturers to bring in innovations in their products thereby increasing their sales revenue.
Jul 2021 Monterey Mushrooms announced that they are going to introduce a finely diced mushroom product for foodservice customers at the PMA Foodservice Expo in Monterey. The product has an extended shelf life. Escalating demand for mushrooms with better shelf-life has led to manufacturers focusing more on improving the shelf-life of the product.
Jul 2020 Ballyhoura Mountain Mushrooms- the Irish grower of speciality mushrooms- announced their launch of a range of mushroom-based products in the U.K. The product range include porcini oil, mushroom vinegar, mushroom ketchup and a wild garlic vinegar.
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