For thousands of years, Asian countries have used medicinal mushrooms for their healing properties. Mushrooms are densely packed with antioxidants, including phenolic compounds that offer immense benefit in allergies, heart disease, infections, etc. Now, western countries are also witnessing a growing interest in medicinal mushrooms.
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Market HighlightsGlobal Medicinal Mushroom Extract Market is projected to be valued at USD 27,334.4 Million by 2026, recording a CAGR of 7.1% during the forecast period.
Health benefits associated with medicinal mushrooms, and an increasing focus on preventive healthcare, are the major factors driving the growth of the market.
The rise of the organized retail sector is fueling the growth of the market in the region, with products being widely available to consumers.
The increasing use of medicinal mushroom extracts as immunity boosters, along with other health benefits, is driving the growth of the European medicinal mushroom extract market.Key PlayersMarket Research Future has recognized Aloha Medicinals (US), New Roots Herbal, Inc. (Canada), Real Mushrooms (Canada), Nyishar (UK), Oriveda BV (Netherlands), Sayan Chaga (US), Bio Botanica, Inc. (US), Nature's Bounty Co. (US), Biofinest (US), and Nature's Way Products, LLC (US) as the key players in the global medicinal mushroom extract market.Segmental AnalysisThe global medicinal mushroom extract market has been segmented based on type, form, function, and region.By type, the market has been divided into shiitake, reishi, chaga, maitake, cordyceps, turkey tail, and others.
Cordyceps is widely used for treating kidney disorders.Based on form, the global medicinal mushroom extract market has been classified as capsules & tablets, powder, and liquid.
Compared to other forms, capsules & tablets have a longer shelf life, which makes them more convenient to use.Based on function, the global medicinal mushroom extract market has been classified as antioxidants, immunity enhancers, skin care, and others.