The global medicinal fungi market is expected to grow at a significant CAGR during the forecast period (2022-2028). Medicinal fungi are mushrooms that have been grown for their high antioxidant, protein, amino acid, and vitamin content. Medicinal fungi are native to Asia, and they are widely farmed there. Medicinal fungi have long been used to treat common colds, seasonal allergies, asthma and bronchitis, inflammations, and to improve nervous system function. Medicinal fungi are mostly known as vegan foods that can support people’s immune systems. Antioxidants, which are capable of eliminating free radicals, are abundant in medicinal fungi. The ability of medicinal fungi to produce medicines from natural components is attracting producers in the pharmaceutical company.
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Amino acids, proteins, and vitamins are abundant in medicinal fungi. The increased usage of these fungi in the treatment of common cold, seasonal allergies, asthma, inflammations, and bronchitis is expected to boost the global medicinal fungi market. Further, owing to the rising prevalence of health concerns around the globe, the market is expected to grow during the forecast period. Cordyceps, Chaga, turkey tail, reishi, and shiitake are some of the most often used medicinal fungi around the world. These therapeutic mushrooms are microscopic fungi with health-promoting properties that are gaining popularity.
The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including partnerships and collaborations, mergers and acquisitions, geographical expansion, and new product launches, to remain competitive in the marketplace. For instance, In November 2021, Chaga Ltd. One of the biggest Chaga farming companies in Estonia, acquired 51% of Scanic Organic, an indoor medicinal mushroom producer in Estonia. The acquisition allowed Chaga Ltd. To become Scandinavia’s largest producer of medicinal mushrooms.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Product
- By Form
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Nutra Green Biotechnology Co., Ltd., and New Roots Herbal Inc., among others.
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Global Medicinal Fungi Market Report by Segment
By Product
- Cordyceps
- Chaga
- Turkey Tail
- Others (Lion’s Mane, Oyster Mushroom, Shiitake, Maitake)
By Form
- Liquid
- Powder
Global Medicinal Fungi Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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