Reishi Mushroom Market Report 2025

The reishi mushroom market size has grown strongly in recent years. It will grow from $4.65 billion in 2024 to $5.07 billion in 2025 at a compound annual growth rate (CAGR) of 9%. The growth in the historic period can be attributed to growing interest in traditional medicine, increased awareness of health and wellness, research and publications, expansion of dietary supplement industry, culinary uses and adaptation.

The reishi mushroom market size is expected to see strong growth in the next few years. It will grow to $6.87 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to continued interest in holistic health, rising demand for functional foods, exploration of novel applications, global expansion of herbal medicine awareness, research and clinical studies. Major trends in the forecast period include market expansion in nutraceuticals industry, introduction of reishi mushroom powder, awareness of reishi's anti-inflammatory properties, innovations in extraction techniques, collaborations for product development.

The increasing demand for functional foods and dietary supplements is anticipated to drive the growth of the reishi mushroom market in the future. Functional foods are dietary components that not only provide nutrients and energy but also positively impact specific bodily processes, either by enhancing particular physiological responses or by reducing disease risk. Dietary supplements include vitamins, minerals, herbal products, and other consumable preparations that are added to the diet to enhance health. Reishi mushrooms are used as a dietary supplement in medicinal products to help alleviate stress, improve liver and heart health, promote longevity, and strengthen the immune system, which is expected to fuel market growth. For example, in January 2022, the Department for Business and Trade, a UK-based government entity that offers trade and investment services, reported that the global functional foods market was valued at £209.6 billion in 2021 and is projected to grow at a compound annual growth rate of 9.5% through 2028. Thus, the rising demand for functional foods and dietary supplements is driving the expansion of the reishi mushroom market.

The increasing focus on health and wellness is expected to further boost the growth of the reishi mushroom market. Health and wellness are interconnected concepts that emphasize an individual's physical, mental, and social well-being. Wellness is an active process wherein individuals become aware of and make decisions towards a more fulfilling life. Reishi mushrooms are considered a therapeutic product and are utilized in the development of dietary supplements, nutraceuticals, and functional foods. They are commonly believed to possess anti-angiogenic and anti-cancer properties, which may help lower cholesterol levels. In traditional Chinese and Japanese medicine, reishi mushrooms are viewed as a miraculous remedy for heart ailments, cancer, and other health issues. For instance, in May 2023, the Organic Trade Association (OTA), a US-based organization representing the organic industry, reported that organic food sales in the United States reached $61.7 billion in 2022, marking a 4.3% increase from $59.1 billion in 2021 and surpassing the $60 billion threshold for the first time. Consequently, the growing interest in health and wellness is contributing to the growth of the reishi mushroom market.

Major companies operating in the reishi mushroom market are actively pursuing the development of innovative products to strengthen their market positions. In February 2022, Gaia Herbs Inc., a US-based company specializing in natural herbal products, unveiled a new line of six mushroom capsule supplements dedicated to supporting overall health and well-being. The innovative product range includes Reishi mushroom, Respiratory Mushroom Blend, Immune Mushroom Blend, Lion's Mane mushroom, Cordyceps mushroom, and Turkey Tail mushroom. These mushroom capsules are designed to enhance various bodily functions, such as promoting healthy liver function, boosting energy and stamina, aiding in stress management, and supporting lung, immune, heart, brain, and neurological health. The capsules are crafted from pure and effective ingredients, cultivated without the use of pesticides, chemical fertilizers, or genetically modified seeds. They undergo rigorous quality assurance testing and are free from dairy, gluten, grains, and soy.

Leading companies in the reishi mushroom market are also strategically forming partnerships to provide reliable services to customers. In July 2022, Ethical Naturals Inc., a US-based supplier of premium botanical and natural source ingredients, collaborated with Nammex, a Canada-based company specializing in mushroom ingredients. This collaboration led to the introduction of the New Mushroom-Plus Ingredient Line, featuring products such as MycoCalm. MycoCalm, designed to support relaxation, contains organic red reishi and an L-theanine ingredient. The reishi extract in MycoCalm is standardized to 30% beta-D-glucans and contains triterpenes and other naturally occurring reishi components. The product is available in bulk powder or ready-encapsulated and bottled from Ethical Naturals Inc.'s cGMP-certified production facility.

In March 2022, Vibe Mushrooms Inc., a Canada-based company passionate about the health, wellness, and global sustainability benefits of functional mushrooms, acquired Qi Mushrooms for an undisclosed amount. This strategic acquisition enhances Vibe's ongoing research and development efforts by leveraging Qi's expertise to create products that effectively utilize reishi mushrooms. The timing of the acquisition aligns with the rapid evolution in the functional mushroom space and is expected to contribute to the growing demand for functional food and dietary supplements, where reishi mushrooms play a significant role. Qi Mushrooms, a US-based company specializing in mushroom extracts, is a key component of this strategic move.

Major companies operating in the reishi mushroom market include Swanson Health Products, Nutraceutical International Corporation, Gano Excel, Alphay International Inc, Nature's Way, Bio Botanica Inc., Organo Gold, Aloha Medicinals., Aloha Medicinals Inc., Terrasoul Superfoods, Four Sigmatic, Hunan Huacheng Biotech Inc., The Mushroom Company, Amax Nutrasource Inc., Dragon Herbs, New Roots Herbal Inc., Mushroom Wisdom Inc., DXN Holdings Bhd., Bristol Botanicals Limited, Qingdao Dacon Trading Co Ltd, Fungi Perfecti, Ron Teeguarden Enterprises Inc., Xi'An Greenabiotech Co Ltd, Hokkaido Reishi Co Ltd., North American Medicinal Mushroom Extracts, Mushroom Science, Fujian Xianzhilou Biological Technology Co Ltd., Real Mushrooms, Oriveda, Mycology Research Laboratories Ltd., Sayan Health Inc., SupHerb Farms, Fuyang Bestop Import and Export Ltd., Hunan Nutrmax Inc.

Asia Pacific was the largest region in the global reishi mushroom market in 2024. North America is expected to be the fastest-growing region in the global reishi mushroom market during the forecast period. The regions covered in the reishi mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the reishi mushroom market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Reishi mushroom, also known as Ganoderma lucidum or Lingzhi, is a polypore fungus characterized by its large, dark mushroom with a glossy exterior and a woody texture. Typically rare, these mushrooms grow at the bases of deciduous trees. Beyond their unique appearance, reishi mushrooms are believed to have potential benefits, and some studies suggest they may help in preventing or treating colorectal cancer.

The primary categorizations of reishi mushrooms are cultivated and wild. Cultivated reishi mushrooms are those nurtured through human activities such as planting, tending, harvesting, or enhancing through labor and skill. This encompasses species such as Ganoderma lucidum, Ganoderma Sinensis, Ganoderma tsugae, and others, available in liquid and powder forms, both organic and conventional. They find applications in various industries such as food and beverages, pharmaceuticals, nutraceuticals, dietary supplements, as well as cosmetics and personal care.

The reishi mushrooms market research report is one of a series of new reports that provides reishi mushrooms market statistics, including reishi mushrooms industry global market size, regional shares, competitors with a reishi mushrooms market share, detailed reishi mushrooms market segments, market trends and opportunities, and any further data you may need to thrive in the reishi mushrooms industry. This reishi mushrooms market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The reishi mushroom market consists of sales of Ganoderma sichuanense, and Ganoderma multipileum which are used in medicinal to help reduce stress, boost liver and heart health, promote longevity, and enhance the immune system. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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