Reishi Mushroom Market Size, Share & Industry Trends Analysis Report By End Use (Pharmaceutical, Nutraceutical & Dietary Supplements, Food & Beverages and Cosmetics & Personal Care), By Form, By Nature, By Regional Outlook and Forecast, 2022

The Global Reishi Mushroom Market size is expected to reach $5.2 billion by 2028, rising at a market growth of 8.1% CAGR during the forecast period.

The reishi mushroom has been utilised in traditional Chinese medicine. It is deep crimson in colour, has a brilliant surface, and a woody touch. These mushrooms, which are often grown on plum and oak trees and are frequently used in Chinese medicine, now have a wider geographic distribution. The reishi mushroom has brown spores, long stalk, and a fan-shaped cap with such a shiny, varnish-coated look. It is a purplish-brown fungus.

Reishi prefers the Japanese plum tree, though it can also be found on oak, and it thrives on dead wood or tree stumps. Although it is grown all over Asia, the mushroom is native to Japan, China, and North America. Reishi cultivation is a protracted and challenging procedure. Aoshiba (blue reishi), Kuroshiba (black reishi), Kishiba (yellow reishi), Akashiba (red reishi), Shiroshiba (white reishi), and Murasakishiba are the six various colours that the reishi can be found in (purple reishi).

Mushroom cultivation takes place in an environment with the right ventilation, lighting, humidity, nutrients, soil pH levels, and air pressure. Riboflavin, Vitamin D, potassium, and selenium are all abundant in mushrooms and provide a number of health benefits, including helping people control their weight, increasing their immune, and lowering their chance of developing a number of chronic diseases.

During the forecast years, the market is expected to rise due to the rising commercial consumption of mushrooms in cafeterias, supermarkets, restaurants, and hotels. Customers' shifting eating tastes toward adopting vegan cuisine and the market's increased demand for meat alternatives are some other reasons driving the market. Reishi mushrooms are becoming more and more popular because of its high protein content as the vegan culture grows and there is a demand for meat alternatives.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has significantly impacted various sectors of the business domain. The imposition of various restrictions like ban on imports & exports and travel ban across borders has negatively impacted the production of reishi mushroom. The market for reishi mushrooms has been significantly damaged by the spread of COVID-19 since there are not enough workers, which lowers manufacturing capacity. Additionally, growers had to rely only on supermarkets and online retailers to market the mushroom goods as wholesale markets had to close.

Market Growth Factors

Growing Popularity of Functional Food and Dietary Supplements

Over the past few years, there has been a significant change in the dietary and lifestyle patterns of people all over the world. Consumer awareness of lifestyle disorders is growing as a result of urbanization and consumerism, which prompted a sharp increase in the intake of synthetic food products. Consumers are consequently gradually turning to functional foods and beverages which are marketed as having advantages beyond simple nutrition. These goods offer high nourishment and lower the chance of getting sick.

High Usage of Reishi Mushrooms as Immunity Booster in Various Food Products

Many immune-boosting benefits of reishi mushrooms have been proven in both conventional therapy and scientific studies. This may be due to the plant's high concentration of beneficial phytochemicals, such as peptidoglycans, polysaccharides, and triterpenoids. Reishi mushrooms have been shown in numerous studies to enhance the production of white blood cells, which are essential for fighting cancer and infectious diseases. These benefits are particularly noticeable in people who already have illnesses and medical issues. In China and Japan, reishi mushroom is used for many years as a cancer cure.

Market Restraining Factors

Availability of Various Alternatives of Reishi Mushroom

Reishi mushrooms are notoriously bitter and chewy, therefore their flavour is not well known. As a result, dishes rarely include reishi mushrooms. When they do appear in a dish, it usually just as a finely-grained garnish dispersed over top. Instead, most individuals use reishi supplements, extracts, powders, tinctures, and teas to get the nutritional benefits of the plant without really tasting it. Reishi mushroom alternatives such as Rooibos tea, Golden milk, and Golgi berries all provide comparable nutritional benefits.

End Use Outlook

By end use, the reishi mushroom market is classified into Food & beverages; Pharmaceutical, nutraceutical & dietary supplements; and Cosmetics and personal care. Pharmaceutical, nutraceutical & dietary supplements segment recorded the highest revenue share in the reishi mushroom market in 2021. Reishi mushrooms have long been utilized for their therapeutic effects due to their great medicinal value. The use of reishi mushrooms in dietary supplements has accelerated due to research and development. The market for reishi mushrooms is also expanding as a result of customers' increased interest in plant-based supplements.

Form Outlook

On the basis of form, the reishi mushroom market is bifurcated into Liquid and Powder. The liquid segment recorded a significant revenue share in the reishi mushroom market in 2021. Less contaminants are present in the liquid form of the mushroom extract, which is crucial if a consumer chooses to use reishi mushroom supplements for a certain outcome. In addition, compared to powder, liquid forms of mushrooms offer concentrated nourishment. Another important consumer component is on-the-go beverages, which may be quickly added to.

Nature Outlook

Based on nature, the reishi mushroom market is divided into Organic and Conventional. Conventional segment recorded the highest revenue share in the reishi mushroom market in 2021. Mushrooms from conventional sources are quite inexpensive and frequently utilized in industrial production. They are more affordable and offer a broader variety of items than organic reishi mushroom products. In addition, many consumers are preferring these kinds of mushroom, which is expected to accelerate the growth of the segment over the forecast period.

Regional Outlook

Region-wise, the reishi mushroom market is analyzed across North America, Europe, Asia Pacific and LAMEA. Asia Pacific emerged as the leading region in the reishi mushroom market with the maximum revenue share in 2021. This is due to the fact that reishi mushroom products have been quite popular and widely used in the area for a very long time. The biggest producer and user of reishi mushroom products has additionally been China. Along with that, the high popularity of different kinds of mushrooms are contributing to the growth of the regional market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hokkaido Reishi Co. Ltd., Alphay International, Inc., Bio-Botanica, Inc., Bristol Botanicals Limited, Ron Teeguarden Enterprises, Inc., DXN Holdings Bhd., Xi'an Greena Biotech Co., Ltd., Nammex, JHS Natural Products, Inc. (Mushroom Science)

Scope of the Study

Market Segments Covered in the Report:

By End Use

Pharmaceutical, Nutraceutical & Dietary Supplements
Food & Beverages
Cosmetics & Personal Care

By Form

Powder
Liquid

By Nature

Conventional
Organic

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

Hokkaido Reishi Co. Ltd.
Alphay International, Inc.
Bio-Botanica, Inc.
Bristol Botanicals Limited
Ron Teeguarden Enterprises, Inc.
DXN Holdings Bhd.
Xi'an Greena Biotech Co., Ltd.
Nammex
JHS Natural Products, Inc. (Mushroom Science)

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Reishi Mushroom Market, by End Use
1.4.2 Global Reishi Mushroom Market, by Form
1.4.3 Global Reishi Mushroom Market, by Nature
1.4.4 Global Reishi Mushroom Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview

2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Global Reishi Mushroom Market by End Use

3.1 Global Pharmaceutical, Nutraceutical & Dietary Supplements Market by Region
3.2 Global Food & Beverages Market by Region
3.3 Global Cosmetics & Personal Care Market by Region

Chapter 4. Global Reishi Mushroom Market by Form

4.1 Global Powder Market by Region
4.2 Global Liquid Market by Region

Chapter 5. Global Reishi Mushroom Market by Nature

5.1 Global Conventional Market by Region
5.2 Global Organic Market by Region

Chapter 6. Global Reishi Mushroom Market by Region

6.1 North America Reishi Mushroom Market
6.1.1 North America Reishi Mushroom Market by End Use
6.1.1.1 North America Pharmaceutical, Nutraceutical & Dietary Supplements Market by Country
6.1.1.2 North America Food & Beverages Market by Country
6.1.1.3 North America Cosmetics & Personal Care Market by Country
6.1.2 North America Reishi Mushroom Market by Form
6.1.2.1 North America Powder Market by Country
6.1.2.2 North America Liquid Market by Country
6.1.3 North America Reishi Mushroom Market by Nature
6.1.3.1 North America Conventional Market by Country
6.1.3.2 North America Organic Market by Country
6.1.4 North America Reishi Mushroom Market by Country
6.1.4.1 US Reishi Mushroom Market
6.1.4.1.1 US Reishi Mushroom Market by End Use
6.1.4.1.2 US Reishi Mushroom Market by Form
6.1.4.1.3 US Reishi Mushroom Market by Nature
6.1.4.2 Canada Reishi Mushroom Market
6.1.4.2.1 Canada Reishi Mushroom Market by End Use
6.1.4.2.2 Canada Reishi Mushroom Market by Form
6.1.4.2.3 Canada Reishi Mushroom Market by Nature
6.1.4.3 Mexico Reishi Mushroom Market
6.1.4.3.1 Mexico Reishi Mushroom Market by End Use
6.1.4.3.2 Mexico Reishi Mushroom Market by Form
6.1.4.3.3 Mexico Reishi Mushroom Market by Nature
6.1.4.4 Rest of North America Reishi Mushroom Market
6.1.4.4.1 Rest of North America Reishi Mushroom Market by End Use
6.1.4.4.2 Rest of North America Reishi Mushroom Market by Form
6.1.4.4.3 Rest of North America Reishi Mushroom Market by Nature
6.2 Europe Reishi Mushroom Market
6.2.1 Europe Reishi Mushroom Market by End Use
6.2.1.1 Europe Pharmaceutical, Nutraceutical & Dietary Supplements Market by Country
6.2.1.2 Europe Food & Beverages Market by Country
6.2.1.3 Europe Cosmetics & Personal Care Market by Country
6.2.2 Europe Reishi Mushroom Market by Form
6.2.2.1 Europe Powder Market by Country
6.2.2.2 Europe Liquid Market by Country
6.2.3 Europe Reishi Mushroom Market by Nature
6.2.3.1 Europe Conventional Market by Country
6.2.3.2 Europe Organic Market by Country
6.2.4 Europe Reishi Mushroom Market by Country
6.2.4.1 Germany Reishi Mushroom Market
6.2.4.1.1 Germany Reishi Mushroom Market by End Use
6.2.4.1.2 Germany Reishi Mushroom Market by Form
6.2.4.1.3 Germany Reishi Mushroom Market by Nature
6.2.4.2 UK Reishi Mushroom Market
6.2.4.2.1 UK Reishi Mushroom Market by End Use
6.2.4.2.2 UK Reishi Mushroom Market by Form
6.2.4.2.3 UK Reishi Mushroom Market by Nature
6.2.4.3 France Reishi Mushroom Market
6.2.4.3.1 France Reishi Mushroom Market by End Use
6.2.4.3.2 France Reishi Mushroom Market by Form
6.2.4.3.3 France Reishi Mushroom Market by Nature
6.2.4.4 Russia Reishi Mushroom Market
6.2.4.4.1 Russia Reishi Mushroom Market by End Use
6.2.4.4.2 Russia Reishi Mushroom Market by Form
6.2.4.4.3 Russia Reishi Mushroom Market by Nature
6.2.4.5 Spain Reishi Mushroom Market
6.2.4.5.1 Spain Reishi Mushroom Market by End Use
6.2.4.5.2 Spain Reishi Mushroom Market by Form
6.2.4.5.3 Spain Reishi Mushroom Market by Nature
6.2.4.6 Italy Reishi Mushroom Market
6.2.4.6.1 Italy Reishi Mushroom Market by End Use
6.2.4.6.2 Italy Reishi Mushroom Market by Form
6.2.4.6.3 Italy Reishi Mushroom Market by Nature
6.2.4.7 Rest of Europe Reishi Mushroom Market
6.2.4.7.1 Rest of Europe Reishi Mushroom Market by End Use
6.2.4.7.2 Rest of Europe Reishi Mushroom Market by Form
6.2.4.7.3 Rest of Europe Reishi Mushroom Market by Nature
6.3 Asia Pacific Reishi Mushroom Market
6.3.1 Asia Pacific Reishi Mushroom Market by End Use
6.3.1.1 Asia Pacific Pharmaceutical, Nutraceutical & Dietary Supplements Market by Country
6.3.1.2 Asia Pacific Food & Beverages Market by Country
6.3.1.3 Asia Pacific Cosmetics & Personal Care Market by Country
6.3.2 Asia Pacific Reishi Mushroom Market by Form
6.3.2.1 Asia Pacific Powder Market by Country
6.3.2.2 Asia Pacific Liquid Market by Country
6.3.3 Asia Pacific Reishi Mushroom Market by Nature
6.3.3.1 Asia Pacific Conventional Market by Country
6.3.3.2 Asia Pacific Organic Market by Country
6.3.4 Asia Pacific Reishi Mushroom Market by Country
6.3.4.1 China Reishi Mushroom Market
6.3.4.1.1 China Reishi Mushroom Market by End Use
6.3.4.1.2 China Reishi Mushroom Market by Form
6.3.4.1.3 China Reishi Mushroom Market by Nature
6.3.4.2 Japan Reishi Mushroom Market
6.3.4.2.1 Japan Reishi Mushroom Market by End Use
6.3.4.2.2 Japan Reishi Mushroom Market by Form
6.3.4.2.3 Japan Reishi Mushroom Market by Nature
6.3.4.3 India Reishi Mushroom Market
6.3.4.3.1 India Reishi Mushroom Market by End Use
6.3.4.3.2 India Reishi Mushroom Market by Form
6.3.4.3.3 India Reishi Mushroom Market by Nature
6.3.4.4 South Korea Reishi Mushroom Market
6.3.4.4.1 South Korea Reishi Mushroom Market by End Use
6.3.4.4.2 South Korea Reishi Mushroom Market by Form
6.3.4.4.3 South Korea Reishi Mushroom Market by Nature
6.3.4.5 Singapore Reishi Mushroom Market
6.3.4.5.1 Singapore Reishi Mushroom Market by End Use
6.3.4.5.2 Singapore Reishi Mushroom Market by Form
6.3.4.5.3 Singapore Reishi Mushroom Market by Nature
6.3.4.6 Malaysia Reishi Mushroom Market
6.3.4.6.1 Malaysia Reishi Mushroom Market by End Use
6.3.4.6.2 Malaysia Reishi Mushroom Market by Form
6.3.4.6.3 Malaysia Reishi Mushroom Market by Nature
6.3.4.7 Rest of Asia Pacific Reishi Mushroom Market
6.3.4.7.1 Rest of Asia Pacific Reishi Mushroom Market by End Use
6.3.4.7.2 Rest of Asia Pacific Reishi Mushroom Market by Form
6.3.4.7.3 Rest of Asia Pacific Reishi Mushroom Market by Nature
6.4 LAMEA Reishi Mushroom Market
6.4.1 LAMEA Reishi Mushroom Market by End Use
6.4.1.1 LAMEA Pharmaceutical, Nutraceutical & Dietary Supplements Market by Country
6.4.1.2 LAMEA Food & Beverages Market by Country
6.4.1.3 LAMEA Cosmetics & Personal Care Market by Country
6.4.2 LAMEA Reishi Mushroom Market by Form
6.4.2.1 LAMEA Powder Market by Country
6.4.2.2 LAMEA Liquid Market by Country
6.4.3 LAMEA Reishi Mushroom Market by Nature
6.4.3.1 LAMEA Conventional Market by Country
6.4.3.2 LAMEA Organic Market by Country
6.4.4 LAMEA Reishi Mushroom Market by Country
6.4.4.1 Brazil Reishi Mushroom Market
6.4.4.1.1 Brazil Reishi Mushroom Market by End Use
6.4.4.1.2 Brazil Reishi Mushroom Market by Form
6.4.4.1.3 Brazil Reishi Mushroom Market by Nature
6.4.4.2 Argentina Reishi Mushroom Market
6.4.4.2.1 Argentina Reishi Mushroom Market by End Use
6.4.4.2.2 Argentina Reishi Mushroom Market by Form
6.4.4.2.3 Argentina Reishi Mushroom Market by Nature
6.4.4.3 UAE Reishi Mushroom Market
6.4.4.3.1 UAE Reishi Mushroom Market by End Use
6.4.4.3.2 UAE Reishi Mushroom Market by Form
6.4.4.3.3 UAE Reishi Mushroom Market by Nature
6.4.4.4 Saudi Arabia Reishi Mushroom Market
6.4.4.4.1 Saudi Arabia Reishi Mushroom Market by End Use
6.4.4.4.2 Saudi Arabia Reishi Mushroom Market by Form
6.4.4.4.3 Saudi Arabia Reishi Mushroom Market by Nature
6.4.4.5 South Africa Reishi Mushroom Market
6.4.4.5.1 South Africa Reishi Mushroom Market by End Use
6.4.4.5.2 South Africa Reishi Mushroom Market by Form
6.4.4.5.3 South Africa Reishi Mushroom Market by Nature
6.4.4.6 Nigeria Reishi Mushroom Market
6.4.4.6.1 Nigeria Reishi Mushroom Market by End Use
6.4.4.6.2 Nigeria Reishi Mushroom Market by Form
6.4.4.6.3 Nigeria Reishi Mushroom Market by Nature
6.4.4.7 Rest of LAMEA Reishi Mushroom Market
6.4.4.7.1 Rest of LAMEA Reishi Mushroom Market by End Use
6.4.4.7.2 Rest of LAMEA Reishi Mushroom Market by Form
6.4.4.7.3 Rest of LAMEA Reishi Mushroom Market by Nature

Chapter 7. Company Profiles

7.1 Hokkaido Reishi Co. Ltd.
7.1.1 Company Overview
7.2 Alphay International, Inc.
7.2.1 Company Overview
7.3 Bio-Botanica, Inc.
7.3.1 Company Overview
7.4 Bristol Botanicals Limited
7.4.1 Company Overview
7.5 Ron Teeguarden Enterprises, Inc.
7.5.1 Company Overview
7.6 DXN Holdings Bhd.
7.6.1 Company Overview
7.7 Xi'an Greena Biotech Co., Ltd.
7.7.1 Company Overview
7.8 JHS Natural Products, Inc. (Mushroom Science)
7.8.1 Company Overview
7.9 Nammex
7.9.1 Company Overview

Companies Mentioned

Hokkaido Reishi Co. Ltd.
Alphay International, Inc.
Bio-Botanica, Inc.
Bristol Botanicals Limited
Ron Teeguarden Enterprises, Inc.
DXN Holdings Bhd.
Xi'an Greena Biotech Co., Ltd.
Nammex
JHS Natural Products, Inc. (Mushroom Science)

Methodology

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Reishi Mushroom Market Size, Share & Industry Trends Analysis Report By End Use (Pharmaceutical, Nutraceutical & Dietary Supplements, Food & Beverages and Cosmetics & Personal Care), By Form, By Nature, By Regional Outlook and Forecast, 2022 - 2028

COVID-19 Impact Analysis

Market Growth Factors

Growing Popularity of Functional Food and Dietary Supplements

High Usage of Reishi Mushrooms as Immunity Booster in Various Food Products

Market Restraining Factors