Latest News- Lions Mane Mushroom Extract Products Market: Offline is expected to lead the Distribution Channel segment during 2025-2029

The Lions Mane Mushroom Extract Products Market is being driven by High prevalence of cancer and increasing focus on cancer immunotherapy

The Lions Mane Mushroom Extract Products Market is expected to grow at a CAGR of 23.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 181.1 million. In the dynamic global Lions Mane mushroom extract products market, key players and retailers, including supermarkets and distributors, are prioritizing the expansion of their distribution networks to meet the burgeoning demand for these items. Notable customers encompassing supermarket chains, hypermarkets, price clubs, food service chains, small convenience stores, and retailers, are consistently seeking partnerships with manufacturers. Institutional buyers, such as schools, fast food restaurants, and other institutions, also represent significant market segments. To remain competitive, Lions Mane mushroom extract product manufacturers must establish robust relationships with these diverse customer bases. The escalating consumer preference for various mushroom extracts has motivated numerous retail giants to incorporate these products into their offerings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Product
  • Powder
  • Liquid
  • Capsule
• Type
  • Shiitake Extract
  • Reishi Extract
  • Lion's Mane Extract
  • Cordyceps Extract
  • Turkey Tail Extract
  • Chaga Extract
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High prevalence of cancer and increasing focus on cancer immunotherapy
• Rising prevalence of neurological disorders
• Increasing demand for functional mushroom products

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations and guidelines on mushroom extract products
• Availability of counterfeit products
• Risks associated with plant diseases and pathogens amid shifting climate conditions

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Market Scope in Lions Mane Mushroom Extract Products Market Research Report

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Research Analysis Overview

The market for functional mushroom extracts, specifically Lions Mane, is expanding as more consumers seek out nutrient-rich superfoods to support their health and fitness activities. Obesity prevention and antioxidant properties are key selling points. Premium prices and online retailing through e-commerce businesses have made these products accessible via smartphones and the internet. However, counterfeit products pose a challenge. The market includes powder forms with long shelf lives, distributed through various channels including brick-and-mortar stores. Lions Mane Mushroom Extracts are also used in food manufacturing and processing plants, but the global lockdown has affected supply chains. Raw materials, such as protein, are sourced from various industries like livestock production and food manufacturing, contributing to greenhouse gas emissions. Alternative protein sources, plant-based diets, and alliances like the Alliance for Science are driving demand for these extracts among vegetarian and vegan populations.

Market Research Overview

The Lions Mane Mushroom Extract Products market represents vendors engaged in the production and distribution of functional mushroom extracts derived from Lions Mane mushrooms. This market is distinct from the global packaged foods and meats industry, which encompasses manufacturers and food processing vendors focused on eliminating microorganisms and extending shelf life. According to Technavio, the global packaged foods and meats market size is determined by the consolidated revenue of participating vendors. However, it excludes food processing equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. The Lions Mane Mushroom Extract Products market growth is influenced by the health benefits associated with the intake of these extracts, which are rich in antioxidants and essential nutrients, contributing to overall wellness and fitness activities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/