Global Reishi Mushroom Extracts Market Size (2024 - 2029)

The Reishi Mushroom Extracts Market is projected to experience significant growth, driven by its application as a functional ingredient in the healthcare sector and its incorporation into food and beverage products. The increasing consumer preference for functional foods and dietary supplements, due to health benefits and the rising prevalence of diseases, is contributing to the market's expansion. Additionally, the use of reishi mushroom extracts in bodybuilding products is attracting sports and fitness enthusiasts. Modern research supports the historical benefits of reishi mushrooms in enhancing lung, heart, and liver functions while supporting mental health, prompting market players to launch new health supplements. The demand for clean labels and organic ingredients is also on the rise, leading to the use of organic mushroom extracts. Despite the potential restraint posed by occasional allergies, the market is expected to grow over the medium term due to the increasing demand for dietary supplements, functional foods, and herbal medicines.

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Market Size of Global Reishi Mushroom Extracts Industry

Reishi Mushroom Extracts Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 6.86 Billion
Market Size (2029) USD 10.58 Billion
CAGR (2024 - 2029) 9.04 %
Fastest Growing Market Europe
Largest Market Asia Pacific

Major Players

Global Reishi Mushroom Extracts Market Major Players

*Disclaimer: Major Players sorted in no particular order

Reishi Mushroom Extracts Market Analysis

The Global Reishi Mushroom Extracts Market size is estimated at USD 6.86 billion in 2024, and is expected to reach USD 10.58 billion by 2029, growing at a CAGR of 9.04% during the forecast period (2024-2029).

The application of reishi mushroom extracts as a functional ingredient in the healthcare industry is driving the growth of the market, as these mushrooms are being increasingly incorporated into health supplements. Moreover, increasing the use of reishi mushroom extract as an ingredient in food and beverage is also expected to drive the growth of the market. Consumers are opting for the consumption of functional food and dietary supplements due to the increasing prevalence of diseases and the health benefits of functional food over junk food and fast food. Additionally, market players are using mushroom extract in body-building products which are attracting sports and fitness enthusiasts across the world.

Also, modern research supports historical claims for reishi has immense benefits in enhancing the functions of the lung, heart, and liver while supporting mental health. Owing to this, market players are launching new health supplements in the market. For instance, in April 2021, Gaia Herbs launched a new line of mushroom supplements that are made by using different types of mushroom extracts including reishi mushrooms. Furthermore, consumer demand for clean labels and organic ingredients is also increasing due to which the market players are using organic mushroom extracts in their products. However, occasional allergy after consumption of reishi mushrooms is a major restraint that could hamper the market growth. Over the medium term, the market is expected to grow owing to the increasing demand for dietary supplements and functional food and increasing demand for herbal medicines among consumers.

Reishi Mushroom Extracts Industry Segmentation

Reishi Mushroom is a type of mushroom that has several medicinal benefits and its extract is used in different food and pharmaceutical products. Reishi mushroom Extracts Market is segmented by product type, form, application, and geography. By product type, the market is segmented into organic extract and conventional extract. By form, the market is segmented as liquid extract and powder extract. By application, the market is segmented into food and beverage, dietary supplements, personal care, and pharmaceutical. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value in USD.

Product Type
Organic Extract
Conventional Extract
Form
Liquid Extract
Powder Extract
Application
Food and Beverage
Dietary Supplements
Personal Care
Pharmaceutical
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa
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Global Reishi Mushroom Extracts Market Size Summary

The Reishi Mushroom Extracts Market is experiencing significant growth, driven by its increasing application as a functional ingredient in the healthcare and food and beverage industries. Consumers are increasingly opting for functional foods and dietary supplements due to the rising prevalence of lifestyle diseases and the health benefits associated with these products over traditional fast foods. The market is further bolstered by the incorporation of reishi mushroom extracts in bodybuilding products, appealing to sports and fitness enthusiasts. Modern research supports the historical claims of reishi mushrooms offering substantial health benefits, such as enhancing lung, heart, and liver functions, and supporting mental health. This has led to the launch of new health supplements, with a growing demand for clean labels and organic ingredients prompting market players to use organic mushroom extracts. However, occasional allergic reactions to reishi mushrooms pose a potential challenge to market growth.

Globally, there is a notable shift towards functional foods and beverages, with reishi mushrooms being integrated into products like coffee and cocoa, driven by urbanization and changing consumer lifestyles. The demand for organic and natural products, particularly in developing countries, is expected to propel the growth of organic reishi extracts. The Asia-Pacific region, where reishi is a staple in traditional medicine, is anticipated to see substantial demand due to increasing health awareness and consumer preference for products with medicinal benefits. The market is characterized by fragmentation, with both regional and global players actively expanding their presence. Companies are engaging in mergers and acquisitions to enhance their product offerings and consumer base, reflecting the dynamic nature of the market.

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Global Reishi Mushroom Extracts Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Organic Extract

      2. 2.1.2 Conventional Extract

    2. 2.2 Form

      1. 2.2.1 Liquid Extract

      2. 2.2.2 Powder Extract

    3. 2.3 Application

      1. 2.3.1 Food and Beverage

      2. 2.3.2 Dietary Supplements

      3. 2.3.3 Personal Care

      4. 2.3.4 Pharmaceutical

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

        4. 2.4.1.4 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Russia

        5. 2.4.2.5 Italy

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 United Arab Emirates

        3. 2.4.5.3 Rest of Middle East and Africa

Global Reishi Mushroom Extracts Market Size FAQs

The Global Reishi Mushroom Extracts Market size is expected to reach USD 6.86 billion in 2024 and grow at a CAGR of 9.04% to reach USD 10.58 billion by 2029.

In 2024, the Global Reishi Mushroom Extracts Market size is expected to reach USD 6.86 billion.

Reishi Mushroom Extracts Market Report Snapshots

Reishi Mushroom Extracts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)