Medicinal Mushroom Extract Market Outlook & Forecast Report 2021-2027
Medicinal
Mushroom Extract is used for it health-promoting properties. Chaga, Cordyceps,
Reishi, Turkey tail, and Shiitake are some of the commonly known medicinal
mushrooms which help to regulate the immune system to fight off cardiovascular
diseases and the cancer cells, control cholesterol, and improve lung functions.
Owing to their high nutrient content and the ability to heal various diseases,
these extracts are extensively used in dietary supplements and functional
foods.
Different
medicinal mushrooms demonstrate different health functions including
anticancer, antioxidants, immune modulator, and hepatic-protective, and others.
For instance; rich in flavor and texture, Shiitake mushrooms aid in weight
loss, help improve energy levels and brain function, reduce inflammation, and
support the cardiovascular health.
Owing to
their various health-promoting benefits, medicinal mushroom extracts are
witnessing increasing applications in the pharmaceuticals industry over the
last few years. Augmented demand from the burgeoning medicines industry defines
the growth landscape of the Medicinal
Mushroom Extract Market globally, escalating it to the
further heights.
Recognizing
the kind of growth the market is garnering currently, demonstrating growth
prospects, Market Research Future (MRFR), in its recently published study
report asserts that the thriving global Medicinal Mushroom Extract Market will
grow moderately by 2023 registering a fabulous CAGR from 2017 to 2023.
Increasing
awareness towards the benefits these medicinal mushrooms offer, fuel –up the
demand for its extracts extract from various industries. Augmenting demand for
functional foods along with the growing health-conscious populace fosters the
market growth.
On the
hand, lack of effective production skills is creating a gap between demand and
supply of the mushrooms in the market, eventually, obstructing the market
growth. However, ongoing R&D activities backed with the continuous funding
are expected to boost the growth of the market by increasing the yield
substantially and by introducing new applications of medicinal mushroom
extract.
Global Medicinal Mushroom Extract Market – Regional Analysis
The Asia
Pacific market is forecasted to retain its dominance throughout the review
period followed by North America. Presence of various agro-climatic zones
coupled with the favorable weather conditions are to drive the market growth in
the region, ensuring the extensive yield in the upcoming years.
Owing to
the increasing production of mushrooms in China, Japan, and Korea, these
countries witness higher growth in the market which contributes to the market
growth substantially. China accounts for
the major contributor of the market growth in terms of both production and
consumption of medicinal mushrooms extract followed by Japan.
While, the
second-largest market for Medicinal Mushroom, North America market is growing
due to the presence the largest consumers of the medicinal mushroom extract
such as the US and Canada.
Also, the
presence of increasing health-conscious populace and their inclination towards
the functional food drive the market growth in the regions such as North
America and Europe.
Growing
markets in some of the European countries such as Italy, Spain, Poland, and the
Netherlands drive the growth of the European Medicinal Mushroom Extract Market.
In the RoW
market, Latin America is gaining a moderate growth due to the increasing demand
for food stabilizers.
Owing to
the high nutritional and medicinal value of this extract, the Middle East
market is expected to account for a moderate growth over the forecast period.
Global Medicinal Mushroom Extract Market – Segments
The Medicinal
Mushroom Extract Market can be segmented into four key dynamics for the
convenience of the report and enhanced understanding;
By Types: Comprises Chaga,
Cordyceps, Reishi, Turkey Tail, and Shiitake among others.
By Forms: Capsules,
Liquid, and Powder among others.
By Functions:
Antioxidant, Immune Enhancer, Anti-Cancer, and Skin Care among others.
By Region:
North America,
Europe, APAC and Rest-of-the-World (RoW).
Shiitake
mushroom accounts for the fastest growing segment followed by Reishi.
By forms,
the capsules segment is leading the market whereas, the liquid and powder segments
are expected to witness considerable growth over the forecast period owing to
its extensive uses in the pharmaceutical industry.
Anti-oxidant
and immune enhancer segments are expected to witness substantial growth over
the forecast period. However, the skin care agent segment is likely to witness
moderate growth during the forecast period.
Industry/ Innovations/ Related News
July 12, 2018 – Researchers at the Dyson Perrins
Laboratory, Germany announced that they have successfully discovered the method
of synthesizing α-amanitin and the means to build better versions of it for
medicinal uses such as to kill some kinds of cancer cells.
Amanita
phalloides also known as the death cap is a mushroom that accounts for over 90
% of all fatal mushroom poisonings across the globe.
The study
further intents to make it less harmful to the liver, moderately toxic to
cancer cells and to create structures that will help it attach to homing
antibodies that will deliver its deadly payload directly to cancer cells.
Browse Full
Report Details @ https://www.marketresearchfuture.com/reports/medicinal-mushroom-extract-market-4737
Global Medicinal Mushroom Extract Market – Competitive Analysis
Characterized by
the presence of some well-established and small players, the global market
appears to be highly competitive and fragmented. Well established players
increasingly seek market expansion incorporating various strategic mergers,
acquisitions, innovation, increasing investments in research and development.
The market is expected to witness the intensifying competition due to the
expected introduction of new application areas of the extract.
Key Players:
New Roots
Herbal Inc. (Canada), North American Medicinal Mushroom Extracts (NAMES
Canada), Nutra Green Biotechnology Co (US), Nyishar (UK), Amax NutraSource,
Inc. (US), Real Mushrooms (Canada), and Oriveda BV (The Netherlands) are some
of the players driving the Global Medicinal Mushroom Extract Market and are
profiled in MRFR Analysis.
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
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