2020-2027 Analysis and Review Medicinal Mushroom Extracts Market

Medicinal Mushroom Extracts Market

Medicinal Mushroom Extracts Market By Type (Reishi, Cordyceps, Chaga and Others), By Clinical Application (Immunity Enhancers, Anti-Cholesterol, Anti-Cancer and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

27-03-2020 REP-HC-5056 40 Tables 109 pages Format

The medicinal mushroom extracts market was valued at USD27,369.2Mn by 2019. As per the World Bank report in 2017, non-communicable diseases comprised 60% of the global healthcare burden. Increasing public health awareness and growing adoption of medicinal mushrooms as nutraceutical supplements further bolster the market growth.

 Medicinal Mushroom Extracts Market

In the present scenario it is estimated that there are 38,000 varieties of mushrooms from which approximately 270 types are used for its medicinal value for the treatment of chronic and lifestyle diseases such as hypertension, diabetes, high cholesterol, cancer, immunomodulatory, etc.

The major segments related to the medicinal mushroom extract market are:

By Type (2017–2027; US$ Mn)

Reishi

Cordyceps

Chaga

Others

By Clinical Application (2017–2027; US$ Mn)

Immunity Enhancers

Anti-Cholesterol

Anti-Cancer

Others

Geography Segment(2017–2027; US$ Mn)

North America

United States
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global medicinal mushroom extract market
  • The overall segmentation of the medicinal mushroom extract market, by type, clinical application, and geography is minutely studied. Reishi and immunity enhancers are dominating the type and clinical application segments respectively
  • Constant rise in chronic disease worldwide owing to poor lifestyle, sedentary lifestyle and growing stress together drives the medicinal mushroom extract market growth
  • Increasing public health awareness and rising inclination towards adoption of nutraceutical to lead a healthy lifestyle

Report gist?

  • The study of the global medicinal mushroom extract market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers qualitative and quantitative analysis of the overall market segmented on the basis of type and clinical application and categorization of the same at geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. Compounded annual growth rate is calculated for the respective segments from 2020 to 2027
  • The study includes the profiles of major market players with a significant global and regional presence along with top company positioning

Significant customers?

  • This study is suitable for industry participants and stakeholders in the nutraceutical companies engaged in manufacturing and marketing of medicinal mushroom extracts which is gaining immense popularity on account of its ability to treat chronic lifestyle disorders such as diabetes, cardiovascular disease, and cancer
  • The report will benefit researchers engaged in identifying medicinal use in new mushroom varieties
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to medicinal mushroom extract market
  • Financial institutions venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies

Segment Analysis

Reishi medicinal mushroom is spearheading the type segment for the medicinal mushroom extract market. It is also known as the mushroom of immortality and Ganoderma lucidum, and lingzhi in traditional Chinese medicine. It contains ganoderic acid which is used for lowering high blood pressure and cholesterol levels. Reishi also possesses important properties such as antiviral, antibacterial, etc. and is essential in boosting the immune system. Research studies have also shown its ability to prevent the development of abnormal blood vessels associated with cancer. Chaga medicinal mushroom will register lucrative market growth in the near future owing to its ability to boost the immune system by stimulating the production of antibodies to fight invading viruses and pathogens. It is beneficial in treating autoimmune diseases such as psoriasis, rheumatoid arthritis, etc. and exhibit antioxidant properties.

Immunity enhancers are presently dominating the clinical application segment for medicinal mushroom extracts market. As per the World Bank report in 2017, the global healthcare burden associated with communicable disease and nutritional deficiency was 28% on account of compromised immunity in infected patients. The majority of the medicinal mushrooms exert their immunomodulation effect by stimulating lymphocytes, cytokines, macrophages, etc. Anticancer clinical application is going to register rampant market growth during the forecast period on account of the rising prevalence of cancer worldwide. Medicinal mushrooms possess chemical moieties such as lectins, schizophyllan, lentinan, active hexose correlated compounds, etc. which have shown potential in the treatment of various cancers such as breast, cervical, colorectal, skin, etc.

North America is holding the largest market share in the geography segment for the medicinal mushroom extracts market. Rising prevalence of hypertension and obesity primarily drives the market growth in the region. According to the latest statistics provided by the Center for Disease Control and Prevention (CDC), nearly 108 million adult population in the United States is suffering from hypertension. Rising public health awareness pertaining to the therapeutic efficacy of mushroom extracts as a nutraceutical supplement further consolidates the market growth in the region. Europe is in the second position in the regional segment for the medicinal mushroom extracts market. The rising prevalence of infectious disease on account of compromised immunity determines the medicinal mushroom extracts market growth in the region. Furthermore constant rise in the geriatric population suffering from joint disorders and high blood cholesterol will further increase the demand for medicinal mushroom extracts in the region. Asia Pacific is going to be the fastest-growing regional segment on account of the rising prevalence of cancer across all age groups and increasing inclination towards the adoption of medicinal mushroom extracts as a nutraceutical supplement due to its ability to scavenge free radicals and antitumor effects.

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