Medicinal Mushroom Overview
The Medicinal Mushroom Market is expected to register a CAGR of 8.9% from 2023 to 2030 and hold a value of over USD 9.69 Billion by 2030.
Medicinal mushrooms are tiny fungi that are cast off for their medicinal benefits. Vitamin B, vitamin D, amino acids, calcium, and fiber are all rich in medicinal mushrooms. These nutrients are essential for growing antioxidant activity and lowering free radical levels in the body. They're employed in a variety of extraction procedures, counting as powder, capsules, fluids, and others.
The Canada medicinal mushroom market is a growing segment of the natural health products industry, driven by factors such as increasing consumer awareness of the health benefits of medicinal mushrooms, growing interest in natural and plant-based remedies, and the rise of the wellness industry. Medicinal mushrooms are valued in Canada for their potential to boost immunity, improve cognitive function, and support overall health and well-being.
The medicinal mushroom market is increasing due to the rising prevalence of health problems across the world. With the emergence of medicinal mushrooms, the market growth is determined by an increased desire for functional foods among the majority of health-conscious consumers. Another significant factor boosting the market growth rate includes the high utilization of medicinal mushrooms in the treatment of the common cold, inflammation, cyclical allergies, bronchitis, and asthma. Furthermore, the advent of private-labeled brands and the increase in the number of applications in various end-use industries such as cosmetics, healthcare, and food and beverages are the main drivers that will cushion the market’s growth rate.
Key Players
Some of the Medicinal mushrooms key market players are Hokkaido Reishi, Banken Champignons B.V., Far West Fungi, Swadeshi Mushroom, Gourmet Mushrooms Ltd., DXN Holdings, Nikkei Marketing Limited, Chaga Mountain, Inc., Asia Pacific Farm Enterprises Inc., Concord Farms, and SSD Mushrooms
Market Segmentation
The global Medicinal Mushroom Market has been segmented by product.
Based on product, the global medicinal mushroom market has been segmented into Chaga mushroom, reishi mushroom, and other medicinal mushrooms. The Chaga mushroom segment accounted for the largest share of the market during the forecast period. The demand for Chaga mushrooms is projected to increase due to their health benefits. In addition, the growth in health consciousness among consumers is projected to drive the growth of the Chaga mushroom segment. New product launches and continuous product innovations will also determine the growth of the market.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
Chocolate Syrup Market Research Report
๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ ๐ฎ๐ญ๐ฎ๐ซ๐:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America