Medicinal mushrooms have long been recognized for their health benefits in Eastern medicine; traditional medicine has used mushrooms for thousands of years. Studies have found that these medicinal mushrooms contain a variety of components that act as antioxidants, support immune function, and even promote cellular health and function.
Global Medicinal Mushroom Extracts Market- Key Players
Verygrass, Amino Up Chemical, Nammex, Baikal Herbs Ltd., Johncan international, Aloha Medicinals, Kangxin, Shaanxi Undersun Biomedtech, GanoHerb, Innophos, Naturalin, Lgberry, Oriveda bv, Real Mushrooms,, are some of the key players, functioning in the global Medicinal Mushroom Extracts market. The industry is highly fragmented and faces fierce competition. Verygrass, Johncan international, Aloha Medicinals, Nammex, Innophos, etc. are the leaders of the industry, with high-end customers. The top five manufacturers held 9.56% of the market, in terms of Medicinal Mushroom Extracts revenue in 2020. There are many small and middle sized companies engaged in the industry.
Global Medicinal Mushroom Extracts Market: Type Analysis
The classification of Medicinal Mushroom Extracts includes Powder and Liquid. In 2020, Powder accounted for a share of 87.14% in the global Medicinal Mushroom Extracts market. In addition, this product segment is poised to reach US$ 525 million by 2027 from US$ 352 million in 2021.
Global Medicinal Mushroom Extracts Market: Application Analysis
Medicinal Mushroom Extracts is widely used for Medicine and Health Products. In Medicinal Mushroom Extracts market, the Health Products holds an important share in terms of Application, and it is expected to reach a value of 389 million USD by 2027, at a CAGR of 7.18% during 2021 and 2027.
Global Medicinal Mushroom Extracts Market: Region Analysis
The global Medicinal Mushroom Extracts market was valued at US$ 377.76 million in 2020 and is expected to reach US$ 601 million by the end of 2027, growing at a CAGR of 6.85% during 2021-2027. In 2020 the Global Medicinal Mushroom Extracts sales were 6520 MT and it will be 9445 MT in 2027, with a CAGR of 5.4% between 2021 and 2027.
Asia-Pacific is the largest consumption place, with a consumption market share nearly 63.44% in 2020. Following Asia-Pacific, Europe is the second largest consumption place with the consumption market share of 16.76%.
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