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Reishi Mushroom Extract Market size is forecast to reach $ 560.78 million by 2025, growing at a CAGR of 4.88% during the forecast period 2020-2025. Reishi mushrooms are microscopic fungi, which are used for their health-promoting properties. Increasing use of reishi for enhancing health such as it improves immunity, promotes liver and heart health, and also for the treatment of viral infections, diabetes, heart & kidney diseases, and other diseases & disorders are the major factors driving the growth of the market. Growing awareness towards health benefits associated with it and rising demand for functional food among individuals who are engaged in physical activities is set to further enhance the overall market demand for Reishi Mushroom Extract Market during the forecast period 2020-2025.
Product – Segment Analysis
The Organic Reishi Mushroom Extract held the largest share in the Reishi Mushroom Extract Market in 2019 and is estimated to grow at a CAGR of 6.12% during the forecast period 2020-2025. Organic Reishi mushroom also known as Ganoderma lucidum and lingzhi is a fungus that grows in various hot and humid locations. Organic Reishi mushroom has anti-cancer properties owing to its potential cancer-fighting properties. Organic Reishi mushroom has been used traditionally for health-promoting characteristics such as enhanced immunity, longevity, promote liver and heart health, and relieves stress as it acts as a slight central nervous system sedative, which relaxes the mind and body. The main active ingredient in the organic reishi mushroom extract are polysaccharides, beta-glucans, plant sterols, and triterpenes. Thus, it is used in the treatment of diabetes, respiratory problems, viral infections, heart & kidney diseases, liver problems, insomnia, anxiety, nervous system disorders, and others. The Organic Reishi Mushroom is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025 owing to the rising consumer preference for organic products in developing countries.
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End-User- Segment Analysis
Food & Beverage held the largest share in the Reishi Mushroom Extract Market in 2019. Reishi mushroom is a fungus that is used for cancer, boosting the immune system to prevent or treat infections, and for many other reasons. Reishi, also known as the Mushroom of Immortality, is revered for its health-promoting properties. It supports the entire body with its many compounds, including polysaccharides and triterpenes. Reishi mushroom extract is used in food owing to rising health awareness. Food & Beverage are set to be the highest growing segment and are estimated to register the highest CAGR during the forecast period 2020-2025.
Geography – Segment Analysis
Asia Pacific dominated the Reishi Mushroom Extract Market in 2019 with a share of more than 39.25%, followed by North America owing to the increasing adoption of plant-based ingredients in personal care and cosmetic products along with the increasing demand for natural and herbal products.
However, North America is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the growing demand for reishi mushroom extract for therapeutic uses and rapidly growing pharmaceutical industry.
Drivers – Reishi Mushroom Extract Market
Growing demand and increasing popularity for reishi mushroom extract in the healthcare sector
Growing demand and increasing popularity for reishi mushroom extract in the healthcare sector is increasing the demand for Reishi Mushroom Extract Market. Reishi mushroom has been used traditionally in these regions for health-promoting characteristics such as enhanced immunity, longevity, promote liver and heart health, and relieves stress as it acts as a slight central nervous system sedative, which relaxes the mind and body. Reishi mushroom extract is rich in nutrients such as vitamin D, potassium, calcium, vitamin B, amino acids, and fiber. These nutrients are vital in improving antioxidant activity by reducing free radicals in the human body. Reishi mushrooms extract such as Chaga mushrooms are known to increase the white blood cell count in the bone marrow, reduce inflammation in colon cells, aid in the treatment of inflammatory bowel diseases. People also take reishi mushroom for health conditions such as high blood pressure, High cholesterol, Cardiovascular disease, liver or kidney disease, Respiratory diseases (such as asthma), Viral infections (such as the flu), HIV/AIDS, Cancer and support during chemotherapy. Many such health benefits are increasing the consumption of medicinal mushrooms, which is driving the growth of the market. Thus, increasing the growth of the Reishi Mushroom Extract Market during the forecast period 2020-2025.
Increasing adoption of plant-based ingredients in personal care and cosmetic products along with the increasing demand for natural and herbal products.
Increasing adoption of plant-based ingredients in personal care and cosmetic products along with the increasing demand for natural and herbal products is increasing the demand for Reishi Mushroom Extract Market. Reishi mushroom extract contains a high content of polysaccharides, responsible for the skin’s natural ability to hydrate and retain water, and which are also imperative for skin repair and renewal. The reishi mushroom extract offers more skin benefits such as reducing skin inflammation, puffiness, wrinkles, and free radical damage, while also promoting cell regeneration. It has miraculous medicinal properties and health benefits. Legends about this mushroom’s rejuvenating qualities are widespread owing to enhance agility, suppleness, and strength, this is unarguably herb that has given people a healthier and longer lifespan. This mushroom has anti-inflammatory properties and also improves the circulation of blood. It is also a powerhouse of antioxidants. All these actions work in coordination, enabling a stronger set of hair follicles. It stimulates your hair shaft, paving way for lush hair growth. Thus, increasing the growth of the Reishi Mushroom Extract Market during the forecast period 2020-2025.
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Challenges – Reishi Mushroom Extract Market
Associated side effects and low market penetration
Some of the factors which is poised to impede the growth of the Reishi Mushroom Extract Market are associated side effects and low market penetration. Some people can be prone to allergy after consumption of reishi mushroom which can as also set to create hurdles for the reishi mushroom extract market.
Reishi Mushroom Extract Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Reishi Mushroom Extract Market. In 2019, the Reishi Mushroom Extract Market share is consolidated by the top ten players present in the market. Reishi Mushroom Extract, the top 10 companies are Bio Botanica Inc., Amax Nutra Source Inc., Bristol Botanicals Limited, Nammex, Qingdao Dacon Trading Co Ltd., Xian Yuensun Biological Technology Co Ltd., Huachengbio, and Dragon Herbs among others.
Acquisitions/Product Launches
In April 2016, Nammex launched new organic cordyceps mushroom extracts.
In April 2017, Danone acquired Whitewave to create DanoneWave.
Key Takeaways
The Asia Pacific dominated the Reishi Mushroom Extract Market in 2019 owing to the increasing adoption of plant-based ingredients in personal care & cosmetic products and increasing demand for natural and herbal products. The Reishi Mushroom Extract Market scope for different regions will be provided in the final report.
Growing demand and increasing popularity for reishi mushroom extract in the healthcare sector is likely to aid in the market growth of the Reishi Mushroom Extract Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Reishi Mushroom Extract Market report.
Associated side effects and low market penetration is poised to to create hurdles for the Reishi Mushroom Extract Market.
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