Worldwide Medicinal Mushroom Extract Market Expected to Grow at CAGR of 6.3% by Forecast to 2023

“\”Worldwide Medicinal Mushroom Extract Market\””
Medicinal Mushroom Extract Market Information: by Type (Chaga, Cordyceps, Reishi, Turkey Tail, Shiitake and others), Form (Capsules, Liquid, Powder and others), by Function (Antioxidant, Immune Enhancer, Anti-Cancer, Skin Care and others) and Region Forecast till 2023

Market Overview:

Due to the large number of health advantages associated with mushroom extract consumption, the market of medicinal mushroom extract is growing at an incremental pace of development on the global stage.

Medicinal mushroom extracts are studied to contain anti-tumor agents owning to which the popularity of the product is increasing on a global platform. The application of medicinal mushroom extract is escalating owing to its high nutritional content. This is further encouraging the growth of medicinal mushroom extract 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.

Health awareness and rising population of vegan consumers have prompted the growth of medicinal mushroom extract 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. Changing consumers’ lifestyle and increasing demand for plant-based products is anticipated to fuel the market growth of mushroom extract globally.

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Latest Industry Updates:

Jan 2018 FIT-BioCeuticals Ltd. announced the launch of an immunity boosting medicinal mushroom supplement. The product is claimed to be is UltraDefense Mushroom 7 Mushroom Complex prepared with Maitake and h vitamin D3.

Sept 2017 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 extract -based protein called PureTaste.

Aug 2017 To-Jo Mushroom partnered with Food Lion in order to launch Mushroom extract Chop. The product is a triple-chopped white mushroom 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 2017 Monterey Mushroom 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 mushroom with better shelf-life has led to manufacturers focusing more on improving the shelf-life of the product.

Competitive Analysis:

Key players in the global mushroom extract market are focusing more on R&D sector to develop quality products with diverse application in various sectors. Additionally, based on growing demand for medicinal mushroom extracts, players in the mushroom extract market are identified to invest hugely in product development in order to strengthen their business portfolio. The best long-term growth opportunities for this sector can be captured by ensuring ongoing extraction process improvements and financial flexibility to invest in the optimal strategies.

The key players profiled in medicinal mushroom extract are New Roots Herbal Inc. (Canada), Names (North American Medicinal Mushroom extract Extracts) (Canada), Nutra Green Biotechnology Co (U.S.), Amax NutraSource, Inc. (U.S.), Nyishar (U.K.), Real Mushroom extract s (Canada), and Oriveda BV (The Netherlands), among many others.

Market Segments:

The global Medicinal mushroom extract 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, and Others

On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

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Regional Analysis:

The global medicinal mushroom extract market is segmented into North America, Europe, APAC, and Rest of the World (RoW). This market is highly dominated by Asia Pacific due to high consumers’ awareness and escalating inclination towards herbal remedies in the region. North America is considered to be the fastest growing region owning to high R&D investments and growing awareness about the health benefits obtained from the consumption of medicinal mushroom’s extract. The consumption of medicinal mushroom extract in developing counties like India is expected to grow in the upcoming years.

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