Global Reishi Mushroom Extract Market - 2023-2030

Overview:

Global Reishi Mushroom Extract Market reached US$ 6.3 billion in 2022 and is expected to reach US$ 12.4 billion by 2030, growing with a CAGR of 8.9% during the forecast period 2023-2030.

Reishi mushrooms are popular for their potential health benefits. They are rich in antioxidants and help in supporting the immune system. They also possess anti-inflammatory and antiviral properties, increasing their economic value. With the increasing health consciousness among consumers, the demand for herbal supplements is increasing on a large scale, driving market growth.

The high medical value of reishi mushrooms drives their use in producing health care supplements. Reishi mushroom extract has wide functional properties, including anti-cancer and cholesterol-lowering. It has numerous applications as an ingredient in health supplements related to various diseases, such as respiratory problems, viral infections and some organ-related diseases.

With the high demand, manufacturers are adopting alternative substrate options that can be easily adjusted to the processing methodology. The availability of grade options of the ideal choice of the reishi mushroom extract application in end-ures industries makes the easier approach to market development. This product's liquid and powder forms provide convenient accessibility at the product processing level.

Dynamics:

Huge Role as a Functional Ingredient

The health advantages of reishi mushrooms make them a greater functional ingredient in various medicated products. Reishi mushrooms are widely used as a medicated ingredient in the preparation of supplements. For instance, in April 2021, Gaia Herbs launched a new line of mushroom capsule additives for whole-body health and well-being, supporting lung, heart and brain health. The mushroom supplements are prepared using different extracts, including reishi and turkey tail mushrooms.

The huge role of reishi mushrooms in improving immune system health drives their use as an ingredient in producing immune-supporting supplements. For instance, in March 2022, VeraVida Naturals, a naturally formulated daily supplements producer company, launched a new immunity-boosting supplement to thier product line. The newly launched product, Not So Magic Mushroom Immune Booster, is made from a blend of mushrooms, including reishi and Lions Mane.

Advancements in the Reishi Mushroom Extraction Methods

Using various innovative processes involved in the extraction of reishi mushrooms helps expand the market size. A dual extraction method is always the best extraction method for reishi mushrooms. Many manufacturers are taking up this process for easy and quick extraction processes. For instance, Tyroler Gluckspize produces their Organic Reishi Mushroom Liquid Extract through ethanol, cold and hot water extraction.

Various extract methods are employed to obtain reishi mushroom extract, composed of complex carbohydrates, proteins and other essential constituents. Researchers are developing new processes for the effective extraction methods of reishi mushrooms. For instance, the National Library of Medicine focussed on implementing environmentally friendly ultrasonic extraction technology for polysaccharides and triterpenoids extraction from reishi mushrooms.

Allergic Concerns

The global reishi mushroom extract market is restrained by the allergic reactions associated with these products. Mild to severe allergic reactions can be seen in some individuals upon contact and consumption of reishi mushrooms. Some individuals develop skin rashes even with contact with the mushrooms. The intake of reishi mushrooms and extracts might lead to gastrointestinal and respiratory issues.

Reishi mushrooms can lead to some of the side effects and allergic concerns related to throat, mouth and nasal passages. The intake of reishi mushrooms, along with some other drugs for medications of anticoagulants and antiplatelet, may lead to severe damage to the health. Rarely reishi mushrooms can lead to severe allergic conditions, such as anaphylaxis.

Segment Analysis:

The global reishi mushroom extract market is segmented based on product, grade, form, distribution channel, application and region.

Increasing Consumer Preference for Organic Products

The global reishi mushroom extract market is segmented based on organic and conventional products. The consumers' high demand for organic products dominated the global organic reishi mushroom extract segment. Rising consumer awareness regarding the beneficial properties of organic products drives the scope of the largest share of this segment.

Manufacturers focus on producing organic reishi mushroom ingredients for various applications. For instance, in July 2022, Ethical Naturals Inc., a leading supplier of natural source ingredients, collaborated with North American Medicinal Mushroom Extracts, a mushroom ingredient specializer, to introduce a new product, Mushroom-Plus. The new line of organic mushroom extracts is made from organic red reishi and L-theanine.

Geographical Penetration:

High Use of Reishi Mushrooms in Region's Traditional Food and Medicine Practises

Asia-Pacific dominated the reishi mushroom extract market on a global scale due to the high cultural significance of this product. The reishi mushrooms are native to Asian countries, including China and Japan. These mushrooms' medicinal and functional benefits increased their value in food and medicinal applications.

Reishi mushroom extracts have greater value in Indian, Chinese and Japanese traditional medicine and herbal supplement preparation, due to their wide health benefits. It is considered to be one of the most powerful medicinal herbs. The high polysaccharide compound concentration in reishi mushrooms made it more used in Chinese medicine to support the immune system.

The high cultivation and harvest of the reishi mushrooms in this region make the easier and more abundant availability of the raw materials for the extraction process. This region's high import and export trade transitions drive the market growth. For instance, according to the Indian Council of Agricultural Research, the annual Indian trade of reishi mushrooms has crossed over Rs.100 crores with imports from China and Malaysia.

Various new cultivation technological improvements and ongoing research and developmental activities in this region increase the market size. For instance, the National Research Centre of Mushrooms is developing new cultivation technology that farmers and entrepreneurs can use to produce and harvest reishi mushrooms. Microwave-assisted technology and ultrasonic-assisted extraction

Competitive Landscape

The major global players in the market include: Bio-Botanica Inc., Hokkaido Reishi Co. Ltd., Nammex, Qingdao Dacon Trading Co., Ltd, Xian Yuensun Biological Technology Co., Ltd., Mushroom Science, Dragon Herbs, Gaia Herbs, Vibe Mushrooms and DXN Products.

COVID-19 Impact Analysis:

The outbreak of the COVID-19 pandemic had a mixed impact on the global reishi mushroom extract market. Improper facilities affected the cultivation and harvest of reishi mushrooms at the global level. The strict lockdown regulations from the government interrupted the supply of raw materials for the industries. The government imposed firm regulations on industrial processing maintenance with a limited workforce.

The lack of proper raw material facilities and skilled worker availability discontinued the extraction processes of reishi mushrooms, resulting in unfulfilled demand-supply chain activities. On the other hand, with the increased health consciousness among people, the demand for functional ingredients in the food and pharmaceutical industries was hyped, increasing the market demand. In addition, the adoption of the e-commerce sector to purchase and buy these extracts by the end-users increased market sales.

Russia- Ukraine War Impact:

The Russia-Ukraine war greatly impacted several industrial sectors, including food. Russia is one of the prime importers of reishi mushrooms. The product is exported from India and other parts to Russia in huge masses, which were on halt during the war. The war created import and export trade disruptions, resulting in economic disturbances.

The supply chain activities were badly impacted, causing the disruption of demand-supply chain activities. The scarcity of raw materials and other essential resources paused the global market for various products, including reishi mushroom extract. The political and economic uncertainty created by the war had a negative impact on the reishi mushroom extract market.

By Product

• Organic Extract
• Conventional Extract

By Grade

• Reagent
• Pharmaceutical
• Food

By Form

• Liquid Extract
• Powder Extract
• Others

By Distribution Channel

• Online Distribution Channel

• Offline Distribution Channel
  • Convenience Stores
  • Pharmacy Stores
  • Others

By Application

• Food and Beverage
• Dietary Supplements
• Personal Care
• Pharmaceutical
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• In March 2022, Vibe Mushrooms Inc., a functional mushroom company, declared its acquisition of Qi Mushrooms, a medicinal mushroom extract provider. Vibe Mushrooms Inc.'s research, developmental activities, and acquisition with Qi's acquisition helped the company to produce an improved final product.
• In July 2022, British Columba-based functional mushroom company, Vibe Mushrooms presented five new mushroom extracts in thier product line. Various products introduced include lion's mane, turkey tail and red reishi, which can be used as ingredients.
• In July 2021, Rooted Actives, an Indian-based company, introduced medicinal mushroom extracts and superfood blends. The products use medicinal mushrooms, including reishi, turkey tail and lion mane. The products can be blended into coffee and several other food products.

Why Purchase the Report?

• To visualize the global reishi mushroom extract market segmentation based on product, grade, form, distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of reishi mushroom extract market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global reishi mushroom extract market report would provide approximately 77 tables, 78 figures and 210 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies