Reishi Mushroom Extract Market Size, Share, Price, Analysis, Industry Trends, Forecast 2023-2028
The ‘Global Reishi Mushroom Extract Market Share, Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global reishi mushroom extract market, assessing the market on the basis of its segments like nature, form, end use, and region.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Reishi Mushroom Extract Market Share, Size, Trends, Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 8.8%
A major factor driving the growth in the global reishi mushroom extract market is its role in improving the overall health of an individual, both in pharmaceuticals and as a supplement. It boosts the immune system and reduces stress, thus making it popular for people who work long hours. Reishi mushroom extract powders are popular in the market due to the ease of intake as one spoonful of powder with water provides multiple health benefits. It also improves energy synthesis at a cellular level thus proving its worth as a superfood that can improve the quality of life.
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The presence of several bioactive compounds in reishi mushroom extracts makes it popular in the food and beverages industry as manufacturers focus on adapting the reishi mushroom extract in large variety of products. It can be taken in form of an herbal tea to improve endurance and provide stress relief or finely crushed into powder for raw consumption.
The global reishi mushroom extract market is also being supported by the rising use of the ingredient in smoothies, energy bars and baked food products as these are the common products consumed in everyday life. This is beneficial for the people who cannot tolerate the bitter taste of the extract and want other additional components with it to balance out the taste and make it easier to intake.
The growing usage of reishi mushroom extracts in the cosmetic and skincare industry owing to its multiple skin benefits, are having a positive impact on the overall reishi mushroom extract market. They aid in maintaining levels of power antioxidants like ergothioneine and reduced glutathione, reducing the signs of ageing and working as a sun protectant.
Reishi mushroom extracts also provide deep hydration to the skin due to the presence of polysaccharides which repair the moisture barrier and reduces fine lines and wrinkles thus leaving younger looking skin. Due to its adaptogenic properties, reishi mushroom extracts also reduce inflammation and soothe skin that has been damaged from pollution or excessive sun exposure. This makes reishi mushroom extracts a preferred ingredient for skincare products, thus boosting the revenue of the global reishi mushroom extract market.
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Strategic developments by key players in the market is projected to fuel the growth of the global reishi mushroom extract market in the upcoming years. This includes agreements and partnerships with the global and domestic players to increase the usage of reishi mushroom extract in food and beverages, and pharmaceuticals and dietary supplements, which promise prominent growth in the future.
Reishi Mushroom Extract Industry Definition and Major Segments
The reishi mushroom, scientifically known as Ganoderma lucidum, is a fungus that mostly grows in hot and humid regions of the Asia Pacific. Its extract is made by the distillation of the medicinal mushroom in alcohol or water to extract compounds like triterpenes and beta glucans. These compounds offer a variety of health benefits like improved immunity, reduced stress, and promotion of heart health.
On the basis of nature, the market is classified into:
- Conventional
- Organic
- Others
Based on form, the market is segmented into:
- Liquid
- Powder
- Others
On the basis of end use, the market is categorised into:
- Food and Beverages
- Pharmaceutical and Dietary Supplements
- Cosmetics and Personal Care
- Others
Based on region, the market is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Reishi Mushroom Extract Market Trends
A key trend propelling the growth of the global reishi mushroom extract market is its anti-cancer properties due to the presence of ganoderic acids in the extract. According to several studies, these acids inhibit the growth of cancer cells, even inducing the death of malignant cells in breast, colon, liver, lung, and prostate cancer. It also has the ability to suppress the metastasis of tumours, thus proving effective in slowing down the multiplication of cancer cells inside the body. This makes reishi mushroom extracts useful in the pharmaceutical sector, thus prompting an increase in research efforts to manufacture effective medications based on its extracts.
Reishi mushrooms extracts are popular as a dietary supplement as they provide more than 400 nutrients to the body. These medicinal mushrooms act as a tonic and provide multiple health benefits like improving sleep quality, reducing stress and anxiety, lowering blood sugar levels, and increasing stamina and strength. These supplements are available in the form of powders and liquids and contribute significantly to the reishi mushroom extract market, as a large number of fitness enthusiasts incorporate these supplements into their everyday diet.
Several market players review the cultivation and harvest practices of reishi mushrooms to obtain knowledge about improving processes for mushroom growth that will improve the quality of the reishi mushroom extracts. Traditional methods are commonly used for reishi mushroom cultivation, to ensure a supply of high-quality products to customers.
At a regional level, the Asia Pacific occupies a significant share in the global reishi mushroom extract market due to the rising consumer demand in countries like China, South Korea, and Japan. Reishi mushrooms are majorly grown in the region and are well known, which makes the production and distribution easier. As the people are knowledgeable about the benefits of reishi mushroom extracts, and there is already an established consumer base.
Meanwhile, North America is anticipated to witness significant growth in the reishi mushroom extract market in the coming years as more consumers increase the demand for natural products that improve health. The rising prevalence of various diseases, including lifestyle diseases, coupled with unhealthy lifestyles are leading to an enhanced demand for natural supplements such as reishi mushroom extracts. Market players are expanding in North America to reach a wider consumer base that wants to incorporate high value nutrients in their daily diet.
Key Market Players
The major players in the global reishi mushroom extract market report are:
- Bio Botanica, Inc.
- Nammex (North American Medicinal Mushroom Extracts)
- Xi’an Yuensun Biological Technology Co., Ltd.
- 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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