Medicinal Mushroom Industry 2019
Medicinal Mushroom is different from normal mushroom as it possesses certain medical benefits and can be utilized for treatment purpose. These mushrooms commonly found at the kitchen in East Asian countries as these people extensively use it as their daily food. Numbers of health benefits help to boost the market for medicinal mushrooms throughout the world. The ongoing research in these mushrooms is expected to increase its application in the pharmaceutical industry.
A high dietary benefit that includes anti-cancer growth properties in medicinal mushrooms has given new hope to the fight against so-called incurable disease like cancer. Medicine community started to accept the medicinal mushrooms as a source of biomedical molecules. The medicinal mushrooms are extensively used in varieties of beauty care products which will further help to boost the market.
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Key players Analysis
The major industry players in the global medicinal mushroom market include prominent companies like Bonduelle SA (France), Agro Dutch Industries Ltd. (India), Monaghan Mushrooms (England), The Mushroom Company (U.S.), Delftree Mushroom Company (U.S.), Modern Mushroom Farms (U.S.), Banken Champignons (the Netherlands), Scelta Mushrooms BV (the Netherlands), Hughes Mushrooms (U.K), Weikfield (India), among others.
The medicinal mushrooms help the human body against some incurable diseases like diabetics and cancer. These mushrooms have properties like anti-obesity, hypocholesteremia, immunomodulatory, anti-ageing and hepatoprotective. The common people are becoming more health-conscious and properties like these will further improve its market share.
The forecast suggests that the Medicinal Mushroom production will touch 7,246,936 tons by 2023. The industry is expected to show a compound annual growth rate (CAGR) of 12.60% during the forecast period.
Market Segmentation of Medicinal Mushroom Market
The Medicinal Mushroom market is segmented according to its type, category, function, and region.
On the basis of type, the market is segmented into Reishi, Maitake, Chaga, Cordyceps, Shiitake, Turkey Tail, And Others. Among them, shiitake mushroom holds the biggest portion in the market followed by reishi.
By category, the industry can be classified as Dried and Fresh. The fresh mushroom holds the largest market share in terms of revenue.
By function, the market is divided into Immune Enhancer, Antioxidant, Anti-Cancer, Skin Care, And Others. The Antioxidant segment is leading the chart by a fair margin.
Geographical Market Segmentation of Medicinal Mushroom Market
Geographical segmentation of the Medicinal Mushroom industry includes regions like Europe, Indo Pacific, South America, North America, and the Middle East and African region.
Some of the focused countries in the report are the USA, France, Germany, Australia, Canada, South Africa, Mexico, India, Japan, Spain, the UK, China, Argentina, Brazil and Italy.
The Indo Pacific region is expected to show the highest Compound Annual Growth Rate (CAGR) during the forecast period. East Asian countries like China and Japan are driving market growth.
Current News from Medicinal Mushroom Market
Mushrooms are a daily diet in the Indian sub-continent. The highest body for mushroom management body in India called Directorate of Mushroom Research (DMR) is planning to introduce mushroom papads, cakes, jams and multiple other products will hit the market soon. India is planning to export these products overseas in the near future. They are also planning to introduce medicinal mushrooms in the commercial platforms. As mushrooms are considered as vegetarian food, most people in India are expected to accept these products.
Table of Contents – Major key Points
1 Executive Summary
3 Market Dynamics
4 Market Factor Analysis
5 Global Medicinal Mushroom Market By Type
6 Global Medicinal Mushroom Market By Form
7 Global Medicinal Mushroom Market By Function
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