Medicinal mushrooms market to grow by 9.54% Y-O-Y from 2022 to 2023: Health-promoting benefits of medicinal mushrooms will drive growth - Technavio

PR Newswire
Friday, February 3, 2023 at 2:00pm UTC

Medicinal mushrooms market to grow by 9.54% Y-O-Y from 2022 to 2023: Health-promoting benefits of medicinal mushrooms will drive growth - Technavio

PR Newswire

NEW YORK, Feb. 3, 2023 /PRNewswire/ -- Medicinal mushrooms market insights -

  • Vendors: 15+, Including Aloha Medicinals, Asia Pacific Farm Enterprises Inc., Banken Champignons B.V., Bio Botanica Inc., Concord Farms, DXN Holdings Bhd, Far West Fungi, Four Sigmatic Foods Inc., Fungi Perfecti LLC, Gourmet Mushrooms Ltd., Natures Way Products LLC, Nikkei Canada Marketing Ltd., Nyishar, Oriveda BV, PREMIUM HOKKAIDO Co. Ltd., Real Mushrooms, SSD Bio Sciences, Swadeshi Mushroom, The Medicinal Mushroom Co., Wholesun Wellness, among others
  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: Usage (antioxidant, immune enhancer, anti-cancer, skincare, and others), Product (Chaga mushroom, Reishi mushroom, and Other medicinal mushrooms), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

To understand more about the medicinal mushrooms market, request a sample report

The medicinal mushrooms market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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In 2017, the medicinal mushroom market was valued at USD 6,640.65 million. From a regional perspective, APAC held the largest market share, valued at USD 2,550.01 million. The medicinal mushrooms market size is estimated to grow by USD 5,939.97 million from 2022 to 2027 at a CAGR of 9.96% according to Technavio.

Medicinal mushrooms market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of price sensitivity
  • For highlights on customer landscape analysis, download a sample!

Global medicinal mushrooms market - Vendor insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including –

  • Asia Pacific Farm Enterprises Inc. - The company offers medicinal mushrooms that are free from any pesticides, manure, and all unnatural chemicals.
  • Banken Champignons B.V. - The company offers medicinal mushrooms that are suitable to create six different healthy and fresh meals, to help discover the flavour of these mushrooms.
  • Bio Botanica Inc. - The company offers medicinal mushrooms that contains triterpenoids, polysaccharides, nucleotides, sterols, steroids, fatty acids and proteins.

Global medicinal mushrooms market Market dynamics

Major drivers – 

  • Health-promoting benefits of medicinal mushrooms
  • Growth in online retailing
  • Growth potential offered by numerous untapped markets

Key challenges – 

  • Adverse effects of natural calamities on crop yield
  • Distribution challenges
  • Stringent regulations and guidelines

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this medicinal mushrooms market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the medicinal mushrooms market between 2023 and 2027
  • Precise estimation of the medicinal mushrooms market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the medicinal mushrooms industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of medicinal mushrooms market vendors

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The mushroom market share is expected to increase by USD 18.78 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.43%. Furthermore, this report extensively covers mushroom market segmentation by product (fresh mushroom, canned mushroom, and dried mushroom) and geography (Europe, APAC, North America, South America, and MEA). 

Medicinal Mushrooms Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.96%

Market growth 2023-2027

USD 5,939.97 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.54

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, Canada, China, Japan, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aloha Medicinals, Asia Pacific Farm Enterprises Inc., Banken Champignons B.V., Bio Botanica Inc., Concord Farms, DXN Holdings Bhd, Far West Fungi, Four Sigmatic Foods Inc., Fungi Perfecti LLC, Gourmet Mushrooms Ltd., Natures Way Products LLC, Nikkei Canada Marketing Ltd., Nyishar, Oriveda BV, PREMIUM HOKKAIDO Co. Ltd., Real Mushrooms, SSD Bio Sciences, Swadeshi Mushroom, The Medicinal Mushroom Co., and Wholesun Wellness

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

  • 1.1 Market Overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Usage
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market Definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global medicinal mushrooms market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global medicinal mushrooms market 2017 - 2021 ($ million)
  • 4.2 Usage Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Usage Segment 2017 - 2021 ($ million)
  • 4.3 Product Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Usage

  • 6.1 Market segments 
    • Exhibit 30: Chart on Usage - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Usage - Market share 2022-2027 (%)
  • 6.2 Comparison by Usage 
    • Exhibit 32: Chart on Comparison by Usage
    • Exhibit 33: Data Table on Comparison by Usage
  • 6.3 Antioxidant - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Antioxidant - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Antioxidant - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Antioxidant - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Antioxidant - Year-over-year growth 2022-2027 (%)
  • 6.4 Immune enhancer - Market size and forecast 2022-2027
    • Exhibit 38: Chart on Immune enhancer - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Immune enhancer - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Immune enhancer - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Immune enhancer - Year-over-year growth 2022-2027 (%)
  • 6.5 Anti-cancer - Market size and forecast 2022-2027
    • Exhibit 42: Chart on Anti-cancer - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Anti-cancer - Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Anti-cancer - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Anti-cancer - Year-over-year growth 2022-2027 (%)
  • 6.6 Skincare - Market size and forecast 2022-2027
    • Exhibit 46: Chart on Skincare - Market size and forecast 2022-2027 ($ million)
    • Exhibit 47: Data Table on Skincare - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Chart on Skincare - Year-over-year growth 2022-2027 (%)
    • Exhibit 49: Data Table on Skincare - Year-over-year growth 2022-2027 (%)
  • 6.7 Others - Market size and forecast 2022-2027
    • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 6.8 Market opportunity by Usage 
    • Exhibit 54: Market opportunity by Usage ($ million)

7 Market Segmentation by Product

  • 7.1 Market segments 
    • Exhibit 55: Chart on Product - Market share 2022-2027 (%)
    • Exhibit 56: Data Table on Product - Market share 2022-2027 (%)
  • 7.2 Comparison by Product 
    • Exhibit 57: Chart on Comparison by Product
    • Exhibit 58: Data Table on Comparison by Product
  • 7.3 Chaga mushroom - Market size and forecast 2022-2027
    • Exhibit 59: Chart on Chaga mushroom - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Chaga mushroom - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Chaga mushroom - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Chaga mushroom - Year-over-year growth 2022-2027 (%)
  • 7.4 Reishi mushroom - Market size and forecast 2022-2027
    • Exhibit 63: Chart on Reishi mushroom - Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on Reishi mushroom - Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on Reishi mushroom - Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Reishi mushroom - Year-over-year growth 2022-2027 (%)
  • 7.5 Other medicinal mushrooms - Market size and forecast 2022-2027 
    • Exhibit 67: Chart on Other medicinal mushrooms - Market size and forecast 2022-2027 ($ million)
    • Exhibit 68: Data Table on Other medicinal mushrooms - Market size and forecast 2022-2027 ($ million)
    • Exhibit 69: Chart on Other medicinal mushrooms - Year-over-year growth 2022-2027 (%)
    • Exhibit 70: Data Table on Other medicinal mushrooms - Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Product 
    • Exhibit 71: Market opportunity by Product ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 75: Chart on Geographic comparison
    • Exhibit 76: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 North America - Market size and forecast 2022-2027
    • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.5 Europe - Market size and forecast 2022-2027
    • Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027
    • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 Japan - Market size and forecast 2022-2027
    • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.11 Germany - Market size and forecast 2022-2027
    • Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.12 Canada - Market size and forecast 2022-2027
    • Exhibit 113: Chart on Canada - Market size and forecast 2022-2027 ($ million)
    • Exhibit 114: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
    • Exhibit 115: Chart on Canada - Year-over-year growth 2022-2027 (%)
    • Exhibit 116: Data Table on Canada - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 120: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 121: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 122: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 123: Matrix on vendor position and classification
  • 12.3 Asia Pacific Farm Enterprises Inc. 
    • Exhibit 124: Asia Pacific Farm Enterprises Inc. - Overview
    • Exhibit 125: Asia Pacific Farm Enterprises Inc. - Product / Service
    • Exhibit 126: Asia Pacific Farm Enterprises Inc. - Key offerings
  • 12.4 Banken Champignons B.V. 
    • Exhibit 127: Banken Champignons B.V. - Overview
    • Exhibit 128: Banken Champignons B.V. - Product / Service
    • Exhibit 129: Banken Champignons B.V. - Key offerings
  • 12.5 Bio Botanica Inc. 
    • Exhibit 130: Bio Botanica Inc. - Overview
    • Exhibit 131: Bio Botanica Inc. - Product / Service
    • Exhibit 132: Bio Botanica Inc. - Key offerings
  • 12.6 Concord Farms 
    • Exhibit 133: Concord Farms - Overview
    • Exhibit 134: Concord Farms - Product / Service
    • Exhibit 135: Concord Farms - Key offerings
  • 12.7 DXN Holdings Bhd 
    • Exhibit 136: DXN Holdings Bhd - Overview
    • Exhibit 137: DXN Holdings Bhd - Product / Service
    • Exhibit 138: DXN Holdings Bhd - Key offerings
  • 12.8 Far West Fungi 
    • Exhibit 139: Far West Fungi - Overview
    • Exhibit 140: Far West Fungi - Product / Service
    • Exhibit 141: Far West Fungi - Key offerings
  • 12.9 Four Sigmatic Foods Inc. 
    • Exhibit 142: Four Sigmatic Foods Inc. - Overview
    • Exhibit 143: Four Sigmatic Foods Inc. - Product / Service
    • Exhibit 144: Four Sigmatic Foods Inc. - Key offerings
  • 12.10 Nikkei Canada Marketing Ltd. 
    • Exhibit 145: Nikkei Canada Marketing Ltd. - Overview
    • Exhibit 146: Nikkei Canada Marketing Ltd. - Product / Service
    • Exhibit 147: Nikkei Canada Marketing Ltd. - Key offerings
  • 12.11 Nyishar 
    • Exhibit 148: Nyishar - Overview
    • Exhibit 149: Nyishar - Product / Service
    • Exhibit 150: Nyishar - Key offerings
  • 12.12 Oriveda BV 
    • Exhibit 151: Oriveda BV - Overview
    • Exhibit 152: Oriveda BV - Product / Service
    • Exhibit 153: Oriveda BV - Key offerings
  • 12.13 PREMIUM HOKKAIDO Co. Ltd. 
    • Exhibit 154: PREMIUM HOKKAIDO Co. Ltd. - Overview
    • Exhibit 155: PREMIUM HOKKAIDO Co. Ltd. - Product / Service
    • Exhibit 156: PREMIUM HOKKAIDO Co. Ltd. - Key offerings
  • 12.14 Real Mushrooms 
    • Exhibit 157: Real Mushrooms - Overview
    • Exhibit 158: Real Mushrooms - Product / Service
    • Exhibit 159: Real Mushrooms - Key offerings
  • 12.15 SSD Bio Sciences 
    • Exhibit 160: SSD Bio Sciences - Overview
    • Exhibit 161: SSD Bio Sciences - Product / Service
    • Exhibit 162: SSD Bio Sciences - Key offerings
  • 12.16 Swadeshi Mushroom 
    • Exhibit 163: Swadeshi Mushroom - Overview
    • Exhibit 164: Swadeshi Mushroom - Product / Service
    • Exhibit 165: Swadeshi Mushroom - Key offerings
  • 12.17 The Medicinal Mushroom Co. 
    • Exhibit 166: The Medicinal Mushroom Co. - Overview
    • Exhibit 167: The Medicinal Mushroom Co. - Product / Service
    • Exhibit 168: The Medicinal Mushroom Co. - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 169: Inclusions checklist
    • Exhibit 170: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 171: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 172: Research methodology
    • Exhibit 173: Validation techniques employed for market sizing
    • Exhibit 174: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 175: List of abbreviations

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