This Medicinal Mushroom market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The medicinal mushroom market size has grown rapidly in recent years. It will grow from $37.88 billion in 2024 to $42.21 billion in 2025 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to rising awareness about medicinal mushrooms of their potential health benefits, increasing desire for functional foods, growth in sports nutrition, increasing desire for functional foods, and increasing high utilization of medicinal mushrooms.
The medicinal mushroom market size is expected to see rapid growth in the next few years. It will grow to $64.32 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to the growing vegan population, rising adoption of vegan food, growth in the shift to preventative health and wellness-oriented lifestyles, health-promoting benefits of medicinal mushrooms, and increasing demand for mushroom-based products. Major trends in the forecast period include growing interest in alternative and natural medicines, the growing shift towards natural and holistic health approaches, a rise in research and development activities, expansion of product diversity and accessibility, and advancements in cultivation and processing technologies.
The medicinal mushroom market is poised for growth due to an increasing vegan population. This demographic shift is fueled by ethical, environmental, health-related, informational, and cultural factors, underscoring the rising awareness and acceptance of veganism as a beneficial lifestyle choice. Medicinal mushrooms offer crucial nutritional support, health benefits, and culinary versatility, making them integral to a balanced vegan diet and lifestyle. For instance, as reported by the Vegan Society in 2023, 2.6 million Europeans are now vegan, constituting 3.2% of the population, up from 2020. This trend is a significant driver behind the expanding medicinal mushroom market.
Leading companies in this sector are innovating with advanced technologies such as pulsed UV light to boost cultivation efficiency and enhance bioactive compounds in their products. Pulsed UV light technology involves intense, brief bursts of ultraviolet light to improve the safety, quality, and nutritional content of medicinal mushrooms. For example, in October 2023, Nammex introduced ErgoGold and mushroom-derived vitamin D, leveraging pulsed UV light to convert ergosterol into vitamin D2. This innovation caters to vegan consumers seeking natural, nutrient-rich alternatives.
In March 2022, Vibe Mushrooms Inc., based in British Columbia, acquired Qi Mushrooms, a move aimed at utilizing Qi Mushrooms' systems, team, and research pipeline to bolster supply chain capabilities and accelerate growth in their mushroom extracts line. Qi Mushrooms, renowned for scientifically-backed medicinal mushroom extracts, strengthens Vibe Mushrooms' position in the market.
Major companies operating in the medicinal mushroom market are Costa Group, Monterey Mushrooms LLC, Nature's Way Brands, Bio-Botanica, Banken Champignons B.V., Aloha Medicinals, Fungi Perfecti, Hirano Mushroom LLC, Fungi Ally, Far West Fungi, FreshCap Mushrooms, Swadeshi Mushroom, Asia Pacific Farm Enterprises, Gourmet Mushrooms Inc., Mycoterra Farm, Green Box Mushrooms, Shroomery, Four Sigmatic, Woodland Mushrooms, Fungaia Farm, Vitality Mushrooms, Annanda Chaga Mushrooms.
North America was the largest region in the medicinal mushroom market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medicinal mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medicinal mushroom market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Medicinal mushrooms encompass a variety of fungi known for their health benefits, attributed to bioactive compounds that bolster immunity, reduce inflammation, combat infections, and demonstrate anti-cancer properties. Their primary purpose is to promote health and wellness through therapeutic qualities.
The key types of medicinal mushrooms include Shiitake, Reishi, Maitake, Chaga, Cordyceps, Turkey tail, and others. Shiitake mushrooms (Lentinula edodes), originating from East Asia, are edible and among these beneficial species. These mushrooms are available in fresh, dried, and other forms, offering diverse applications such as antioxidants, immune boosters, anti-cancer agents, and skincare solutions. Distribution channels range from supermarkets and hypermarkets to convenience stores and e-commerce platforms.
The medicinal mushrooms market research report is one of a series of new reports that provides medicinal mushrooms market statistics, including the medicinal mushrooms industry global market size, regional shares, competitors with medicinal mushrooms market share, detailed medicinal mushrooms market segments, market trends, and opportunities, and any further data you may need to thrive in the medicinal mushrooms industry. These medicinal mushrooms market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The medicinal mushroom market consists of sales of mushroom extract capsules, mushroom powder, mushroom tea, and mushroom supplements. 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.
This product will be delivered within 3-5 business days.
The medicinal mushroom market size has grown rapidly in recent years. It will grow from $37.88 billion in 2024 to $42.21 billion in 2025 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to rising awareness about medicinal mushrooms of their potential health benefits, increasing desire for functional foods, growth in sports nutrition, increasing desire for functional foods, and increasing high utilization of medicinal mushrooms.
The medicinal mushroom market size is expected to see rapid growth in the next few years. It will grow to $64.32 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to the growing vegan population, rising adoption of vegan food, growth in the shift to preventative health and wellness-oriented lifestyles, health-promoting benefits of medicinal mushrooms, and increasing demand for mushroom-based products. Major trends in the forecast period include growing interest in alternative and natural medicines, the growing shift towards natural and holistic health approaches, a rise in research and development activities, expansion of product diversity and accessibility, and advancements in cultivation and processing technologies.
The medicinal mushroom market is poised for growth due to an increasing vegan population. This demographic shift is fueled by ethical, environmental, health-related, informational, and cultural factors, underscoring the rising awareness and acceptance of veganism as a beneficial lifestyle choice. Medicinal mushrooms offer crucial nutritional support, health benefits, and culinary versatility, making them integral to a balanced vegan diet and lifestyle. For instance, as reported by the Vegan Society in 2023, 2.6 million Europeans are now vegan, constituting 3.2% of the population, up from 2020. This trend is a significant driver behind the expanding medicinal mushroom market.
Leading companies in this sector are innovating with advanced technologies such as pulsed UV light to boost cultivation efficiency and enhance bioactive compounds in their products. Pulsed UV light technology involves intense, brief bursts of ultraviolet light to improve the safety, quality, and nutritional content of medicinal mushrooms. For example, in October 2023, Nammex introduced ErgoGold and mushroom-derived vitamin D, leveraging pulsed UV light to convert ergosterol into vitamin D2. This innovation caters to vegan consumers seeking natural, nutrient-rich alternatives.
In March 2022, Vibe Mushrooms Inc., based in British Columbia, acquired Qi Mushrooms, a move aimed at utilizing Qi Mushrooms' systems, team, and research pipeline to bolster supply chain capabilities and accelerate growth in their mushroom extracts line. Qi Mushrooms, renowned for scientifically-backed medicinal mushroom extracts, strengthens Vibe Mushrooms' position in the market.
Major companies operating in the medicinal mushroom market are Costa Group, Monterey Mushrooms LLC, Nature's Way Brands, Bio-Botanica, Banken Champignons B.V., Aloha Medicinals, Fungi Perfecti, Hirano Mushroom LLC, Fungi Ally, Far West Fungi, FreshCap Mushrooms, Swadeshi Mushroom, Asia Pacific Farm Enterprises, Gourmet Mushrooms Inc., Mycoterra Farm, Green Box Mushrooms, Shroomery, Four Sigmatic, Woodland Mushrooms, Fungaia Farm, Vitality Mushrooms, Annanda Chaga Mushrooms.
North America was the largest region in the medicinal mushroom market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medicinal mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medicinal mushroom market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Medicinal mushrooms encompass a variety of fungi known for their health benefits, attributed to bioactive compounds that bolster immunity, reduce inflammation, combat infections, and demonstrate anti-cancer properties. Their primary purpose is to promote health and wellness through therapeutic qualities.
The key types of medicinal mushrooms include Shiitake, Reishi, Maitake, Chaga, Cordyceps, Turkey tail, and others. Shiitake mushrooms (Lentinula edodes), originating from East Asia, are edible and among these beneficial species. These mushrooms are available in fresh, dried, and other forms, offering diverse applications such as antioxidants, immune boosters, anti-cancer agents, and skincare solutions. Distribution channels range from supermarkets and hypermarkets to convenience stores and e-commerce platforms.
The medicinal mushrooms market research report is one of a series of new reports that provides medicinal mushrooms market statistics, including the medicinal mushrooms industry global market size, regional shares, competitors with medicinal mushrooms market share, detailed medicinal mushrooms market segments, market trends, and opportunities, and any further data you may need to thrive in the medicinal mushrooms industry. These medicinal mushrooms market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The medicinal mushroom market consists of sales of mushroom extract capsules, mushroom powder, mushroom tea, and mushroom supplements. 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Medicinal Mushroom Market Characteristics3. Medicinal Mushroom Market Trends and Strategies4. Medicinal Mushroom Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Medicinal Mushroom Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Medicinal Mushroom Market34. Recent Developments in the Medicinal Mushroom Market
5. Global Medicinal Mushroom Growth Analysis and Strategic Analysis Framework
6. Medicinal Mushroom Market Segmentation
7. Medicinal Mushroom Market Regional and Country Analysis
8. Asia-Pacific Medicinal Mushroom Market
9. China Medicinal Mushroom Market
10. India Medicinal Mushroom Market
11. Japan Medicinal Mushroom Market
12. Australia Medicinal Mushroom Market
13. Indonesia Medicinal Mushroom Market
14. South Korea Medicinal Mushroom Market
15. Western Europe Medicinal Mushroom Market
16. UK Medicinal Mushroom Market
17. Germany Medicinal Mushroom Market
18. France Medicinal Mushroom Market
19. Italy Medicinal Mushroom Market
20. Spain Medicinal Mushroom Market
21. Eastern Europe Medicinal Mushroom Market
22. Russia Medicinal Mushroom Market
23. North America Medicinal Mushroom Market
24. USA Medicinal Mushroom Market
25. Canada Medicinal Mushroom Market
26. South America Medicinal Mushroom Market
27. Brazil Medicinal Mushroom Market
28. Middle East Medicinal Mushroom Market
29. Africa Medicinal Mushroom Market
30. Medicinal Mushroom Market Competitive Landscape and Company Profiles
31. Medicinal Mushroom Market Other Major and Innovative Companies
35. Medicinal Mushroom Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Medicinal Mushroom Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on medicinal mushroom market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for medicinal mushroom ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medicinal mushroom market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Shiitake; Reishi; Maitake; Chaga; Cordyceps; Turkey Tail; Other Types2) By Form: Fresh; Dried; Other Forms
3) By Application: Antioxidants; Immune Enhancer; Anti-Cancer; Skin Care; Other Applications
4) By Distribution Channel: Supermarkets and Hypermarkets; Convenience Stores; E-Commerce
Subsegments:
1) By Shiitake: Dried Shiitake Mushrooms; Shiitake Mushroom Extracts; Shiitake Powder; Shiitake Mushroom Capsules or Tablets; Shiitake Mushroom Teas2) By Reishi: Dried Reishi Mushrooms; Reishi Mushroom Extracts; Reishi Mushroom Powder; Reishi Mushroom Capsules or Tablets
3) By Maitake: Dried Maitake Mushrooms; Maitake Mushroom Extracts; Maitake Mushroom Powder; Maitake Mushroom Capsules or Tablets; Maitake Mushroom Teas
4) By Chaga: Dried Chaga Mushrooms; Chaga Mushroom Extracts; Chaga Mushroom Powder; Chaga Mushroom Capsules or Tablets; Chaga Tea; Organic Chaga Mushrooms
5) By Cordyceps: Dried Cordyceps Mushrooms; Cordyceps Mushroom Extracts; Cordyceps Mushroom Powder; Cordyceps Mushroom Capsules or Tablets; Cordyceps Mushroom Teas
6) By Turkey Tail: Dried Turkey Tail Mushrooms; Turkey Tail Mushroom Extracts; Turkey Tail Mushroom Powder; Turkey Tail Mushroom Capsules or Tablets; Turkey Tail Mushroom Teas
7) By Other Types: Lion’s Mane Mushroom; Agaricus Blazei; Tremella Mushroom; Phellinus Linteus; Birch Polypore; Enoki Mushroom; King Oyster Mushroom; Polypore Mushrooms
Key Companies Mentioned: Costa Group; Monterey Mushrooms LLC; Nature's Way Brands; Bio-Botanica; Banken Champignons B.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Medicinal Mushroom market report include:- Costa Group
- Monterey Mushrooms LLC
- Nature's Way Brands
- Bio-Botanica
- Banken Champignons B.V.
- Aloha Medicinals
- Fungi Perfecti
- Hirano Mushroom LLC
- Fungi Ally
- Far West Fungi
- FreshCap Mushrooms
- Swadeshi Mushroom
- Asia Pacific Farm Enterprises
- Gourmet Mushrooms Inc.
- Mycoterra Farm
- Green Box Mushrooms
- Shroomery
- Four Sigmatic
- Woodland Mushrooms
- Fungaia Farm
- Vitality Mushrooms
- Annanda Chaga Mushrooms
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 42.21 Billion |
Forecasted Market Value ( USD | $ 64.32 Billion |
Compound Annual Growth Rate | 11.1% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |