The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2019):
- Forecast CAGR (2021-2026): 8.8%
- Forecast Market Size (2025): USD 560.78 million
The market for Reishi Mushroom Extract has seen substantial growth due to factors such as rising demand for applications in food and beverage, cosmetics, and pharmaceuticals. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the Reishi Mushroom Extract market. However, its related side effects and low market penetration in the developing market are the main restraints of Reishi mushroom extract. Side effects that are associated, such as itchy throat, blood, which is a major factor that could hamper the growth of the global market. The product has been aided by associated health functions, including antioxidants, anticancer agents and immune modulators, to find its position in the global market. According to some scientific reports, Reishi mushroom extract-based medicinal products resist tumor growth and battle cancer. Cancer is one of the leading causes of mortality, according to the WHO, and 8.8 million deaths were caused by cancer in 2015. Reishi mushroom also enhances the work of the liver, relieves stress, increases immunity, and promotes heart health and hormonal balance. All of these variables are expected to drive the worldwide demand for Reishi mushroom extract during the forecast period.
Industry Definition and Major Segments
The substance that a mushroom grows on is known as a Reishi mushroom. It acts as a medium for mycelium for growth and proliferation. The substance that a mushroom grows on is known as a Reishi mushroom. It acts as a medium for mycelium for growth and proliferation. Reishi mushroom extract has historically been used in China, Korea, and Japan, offering health benefits such as longevity, increased immunity, improving liver and heart health, and relieving stress.
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Based on the nature, the industry is divided into:
Based on the form, the industry is divided into:
Based on the end user, the industry is divided into:
- Food and Beverages
- Pharmaceutical and Dietary Supplements
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Geographically, Asia Pacific is the main area for Reishi mushroom extract. The increase in consumer demand, especially in countries like China and Japan, is driving the regional market. There has been a massive rise in demand for Reishi mushroom extract in markets such as North America, as many individuals are turning to healthier substitutes for their everyday meals. Market growth in the regions was aided by the high nutritional value and medicinal properties of Reishi mushroom extract. Due to its excellent properties, the increased application of Reishi mushroom extract in multiple industries is moving the market forward. In addition, the Reishi mushroom extract market is expected to drive the growing adoption of plant-based ingredients in the personal care and cosmetics industry. Several epidemiological and clinical studies studies have documented the ability of Reishi mushrooms and mushroom-derived supplements to improve the effectiveness of both innate and adaptive immune systems responses to a variety of pathogens including viruses. The application of Reishi mushroom extracts in such supplements is expected to represent strong market growth, as COVID-19 has boosted sales of immunity-boosting supplements.
Key Market Players
The major players in the market Bio Botanica Inc., Nammex(North America Medicinal Mushroom Extracts), Xi’an Yuensun Biological Technology co., Ltd. , among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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