PUBLISHER: Grand View Research | PRODUCT CODE: 1405936
PUBLISHER: Grand View Research | PRODUCT CODE: 1405936
The global mushroom cosmetics market size is expected to reach USD 2.80 billion by 2030, registering a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The surge in demand for mushrooms in skincare products is mainly due to their antioxidant, hydrating, and anti-inflammatory properties. The increasing consumer awareness of the benefits of natural and organic skincare products is contributing to the market's expansion. The presence of specific compounds such as beta-glucans, triterpenes, polysaccharides, and polyphenols in mushrooms is leading to their incorporation into skincare products to address various skin conditions and compromised skin barriers.
The market is witnessing growth on account of advancements in extraction methods and the integration of fungi-based ingredients in beauty formulations and cosmetics. The increasing prevalence of skin issues, such as acne, eczema, and aging-related concerns, has led to a demand for natural and effective ingredients in skin care products, including mushrooms. A recent study published in Clinical & Experimental Allergy in February 2023 revealed that approximately 6% of children and adolescents are currently experiencing symptoms of eczema, with a rising prevalence over the last decade. This trend is likely to drive the demand for mushroom cosmetics with functional mushrooms like tremella, chaga, and reishi, known for their antioxidant and moisturizing properties.
Reishi mushrooms are known to offer benefits for hair health, as they contain compounds that can reduce symptoms of alopecia areata, strengthen hair follicles, and stimulate blood circulation to the scalp. Consequently, there is a growing demand for mushroom-based hair care products that harness the benefits of mushrooms, particularly reishi, to improve hair health and address issues such as hair loss and scalp conditions.
The mushroom cosmetics market is moderately fragmented featuring key players such as Origins Natural Resources, Inc., Shroom Skincare, Neon Hippie, Herbivore Botanicals, MADARA Cosmetics, The Switch Fix, Groh Beauty Corp, Shikohin, Shiseido Co., Ltd., and Gnome Wellness. The growing demand for clean-label ingredients and natural products is encouraging these manufacturers to focus on product innovation.