Medicinal Mushroom Extract is used for it health-promoting properties. Chaga, Cordyceps, Reishi, Turkey tail, and Shiitake are some of the commonly known medicinal mushrooms which help to regulate the immune system to fight off cardiovascular diseases and the cancer cells, control cholesterol, and improve lung functions. Owing to their high nutrient content and the ability to heal various diseases, these extracts are extensively used in dietary supplements and functional foods.
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Major Key Players
Characterized by the presence of some well-established and small players, the global market appears to be highly competitive and fragmented. Well established players increasingly seek market expansion incorporating various strategic mergers, acquisitions, innovation, increasing investments in research and development. The market is expected to witness the intensifying competition due to the expected introduction of new application areas of the extract.
New Roots Herbal Inc. (Canada), Amax NutraSource, Inc. (US), North American Medicinal Mushroom Extracts (NAMES Canada), Nutra Green Biotechnology Co (US), Nyishar (UK), Real Mushrooms (Canada), and Oriveda BV (The Netherlands) are some of the players driving the Global Medicinal Mushroom Extract Market and are profiled in MRFR Analysis.
The Medicinal Mushroom Extract Market can be segmented into four key dynamics for the convenience of the report and enhanced understanding;
By Types: Comprises Chaga, Cordyceps, Reishi, Turkey Tail, and Shiitake among others.
By Forms: Capsules, Liquid, and Powder among others.
By Functions: Antioxidant, Anti-Cancer, Immune Enhancer and Skin Care among others.
Shiitake mushroom accounts for the fastest growing segment followed by Reishi.
Anti-oxidant and immune enhancer segments are expected to witness substantial growth over the forecast period. However, the skin care agent segment is likely to witness moderate growth during the forecast period.
The Asia Pacific market is forecasted to retain its dominance throughout the review period followed by North America. Presence of various agro-climatic zones coupled with the favorable weather conditions are to drive the market growth in the region, ensuring the extensive yield in the upcoming years.
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