The global Reishi mushroom market size reached US$ 3.9 billion in 2023. The market is projected to reach US$ 7.2 billion by 2032, exhibiting a growth rate (CAGR) of 7.02% during 2023-2032. The rising prevalence of chronic and acute indications, augmenting demand for natural and organic products, and rapid product utilization in dietary supplements represent some of the key factors driving the market.
Reishi mushroom, also known as Ganoderma lucidum, is a type of medicinal mushroom that has been used in traditional Chinese medicine for thousands of years due to its purported health benefits. A large, dark-colored edible mushroom with a thick reddish-brown cap, distinctive glossy surface, and a woody texture, it is consumed in dried or powdered form, or as an extract in supplements. Reishi mushroom is known for its anti-inflammatory, antioxidant, anti-tumor and immune-boosting properties. It contains a variety of active compounds, including triterpenoids, polysaccharides, and peptidoglycans, which contribute to its medicinal properties. Reishi mushrooms provide several medical benefits, such as stimulating the production of white blood cells and other immune cells, helping improve cognitive function, reducing stress, boosting energy levels, while being rich in anti-inflammatory properties that can help to reduce inflammation throughout the body.
Reishi mushroom, also known as Ganoderma lucidum, is a type of medicinal mushroom that has been used in traditional Chinese medicine for thousands of years due to its purported health benefits. A large, dark-colored edible mushroom with a thick reddish-brown cap, distinctive glossy surface, and a woody texture, it is consumed in dried or powdered form, or as an extract in supplements. Reishi mushroom is known for its anti-inflammatory, antioxidant, anti-tumor and immune-boosting properties. It contains a variety of active compounds, including triterpenoids, polysaccharides, and peptidoglycans, which contribute to its medicinal properties. Reishi mushrooms provide several medical benefits, such as stimulating the production of white blood cells and other immune cells, helping improve cognitive function, reducing stress, boosting energy levels, while being rich in anti-inflammatory properties that can help to reduce inflammation throughout the body.
Reishi Mushroom Market Trends
The market is majorly driven by the rising demand for natural and organic products across the globe. This can be attributed to the growing awareness regarding numerous medicinal properties of the mushroom among the consumers. In line with this, the paradigm shift toward natural remedies for chronic diseases, such as diabetes, obesity and cardiovascular diseases, is providing an impetus to the market. Also, the increasing prevalence of chronic diseases, along with the growing geriatric population that is more susceptible to developing these ailments, is creating a positive market outlook. In addition to this, the rapid product utilization in the formulation of a wide range of dietary supplements is propelling the demand for Reishi mushroom. The market is further fueled by the rising popularity of Reishi mushrooms as an alternative to animal-based products in vegan diets due to their high nutritional value. Apart from this, favorable government policies in several countries supporting the cultivation of Reishi mushroom is also acting as a significant growth-inducing factor for the market. Furthermore, the augmenting demand for natural and organic beauty products where Reishi mushroom is used as an anti-aging and anti-inflammatory agent is impacting the market positively. Some of the other factors contributing to the market include the emerging trend of veganism, inflating disposable income levels, and extensive research and development (R&D) activities.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global Reishi mushroom market, along with forecasts at the global, regional, and country levels from 2023-2032. The report has categorized the market based on form, nature, and end user.Form Insights:
- Liquid
- Powder
Nature Insights:
- Organic
- Conventional
End User Insights:
- Food and Beverages
- Pharmaceutical, Nutraceutical and Dietary Supplement
- Cosmetics and Personal Care
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global reishi mushroom market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Alphay International Inc., Bio-Botanica, Bristol Botanicals Limited, DXN Holdings Bhd, Hokkaido Reishi, Mushroom Science, Nammex, Qingdao Dacon Trading Co., Ron Teeguarden Enterprises Inc, The Mushroom Company, Xi'an Greena Biotech Co. Ltd, etc.Key Questions Answered in This Report:
- How has the global reishi mushroom market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global reishi mushroom market?
- What is the impact of each driver, restraint, and opportunity on the global reishi mushroom market?
- What are the key regional markets?
- Which countries represent the most attractive reishi mushroom market?
- What is the breakup of the market based on the form?
- Which is the most attractive form in the reishi mushroom market?
- What is the breakup of the market based on the nature?
- Which is the most attractive nature in the reishi mushroom market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the reishi mushroom market?
- What is the competitive structure of the global reishi mushroom market?
- Who are the key players/companies in the global reishi mushroom market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Reishi Mushroom Market
6 Market Breakup by Form
7 Market Breakup by Nature
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Alphay International Inc.
- Bio-Botanica
- Bristol Botanicals Limited
- DXN Holdings Bhd
- Hokkaido Reishi
- Mushroom Science
- Nammex
- Qingdao Dacon Trading Co. Ron Teeguarden Enterprises Inc
- The Mushroom Company
- Xi'an Greena Biotech Co. Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 3.9 Billion |
| Forecasted Market Value ( USD | $ 7.2 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
