Latest News- Medicinal Mushrooms Market: Chaga mushroom is expected to lead the Product segment during 2025-2029

The Medicinal Mushrooms Market is being driven by Health-promoting benefits of medicinal mushrooms

The Medicinal Mushrooms Market is expected to grow at a CAGR of 12.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9310 million. The global medicinal mushrooms market is poised for significant growth due to the increasing trend of veganism, a dietary practice abstaining from animal products. With an estimated 300% rise in the vegan population over the last decade, this demographic represents a substantial market opportunity. Veganism's health benefits have driven this shift, leading food service outlets to cater to this segment by expanding their menus. This consumer behavior trend is expected to positively impact the medicinal mushrooms market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Chaga mushroom
  • Reishi mushroom
  • Others
• Usage
  • Antioxidant
  • Immune enhancer
  • Anti-cancer
  • Skincare
  • Others
• Application
  • Pharmaceutical industry
  • Nutraceutical industry
  • Cosmetics industry
  • Food industry
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

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

• Health-promoting benefits of medicinal mushrooms
• Growth in online retailing
• Rise in functional foods and nutraceuticals

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

• Adverse effects of natural calamities on crop yield
• Shortage of trained personnel and technical expertise in mushroom processing sector
• Stringent regulations and guidelines

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Market Scope in Medicinal Mushrooms Market Research Report

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Research Analysis Overview

The Medicinal Mushrooms Market encompasses research and development in various areas, including the isolation of active compounds like mushroom polysaccharides, mycelium growth kinetics, and nutrient media optimization. In vitro and in vivo studies, preclinical research, and clinical evidence are crucial for evaluating bioavailability, in-vitro efficacy, and pharmacokinetic analysis. Toxicity assessment, adverse effects, drug interactions, production scalability, and cost-effective methods are essential for ensuring safety and affordability. Sustainable practices, organic cultivation, and quality assurance are key to standardization in this herbal medicine and traditional practice, offering health benefits such as immune system support, cancer treatment, inflammation reduction, and cognitive enhancement.

Market Research Overview

The medicinal mushrooms market encompasses businesses engaged in the production and extraction of valuable compounds, such as polysaccharides and triterpenes, from mushrooms. Technavio's market analysis calculates the market size based on the combined revenue generated from beta-glucan quantification and polysaccharide extraction services. Mushroom cultivation techniques play a crucial role in optimizing the production of these valuable compounds. The market's growth is driven by the increasing demand for functional foods and beverages, as well as the growing awareness of the health benefits associated with the consumption of these compounds. Triterpene profiling is another key area of focus for market participants, as these compounds offer various therapeutic properties. Overall, the medicinal mushrooms market presents significant growth opportunities for businesses involved in the production and extraction of these valuable compounds.. 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/