Reishi Mushroom Market Overview, Growth Analysis, Trends and Forecast By 2029

Market Definition

Reishi mushroom is a traditional Chinese, Korean, and Japanese medicine. The scientific name for reishi mushroom is Ganoderma lucidum, and it is also known as Ling Zhi in China and reishi in Japan. Reishi mushroom has traditionally been used in these regions for health-promoting properties such as enhanced immunity, longevity, liver and heart health promotion, and stress relief as it acts as a slight central nervous system sedative, relaxing the mind and body.

Reishi Mushroom Market Dynamics

Drivers

• Growing demand for functional food as well as health benefits associated with consuming reishi mushroom.

The demand for functional beverage ingredients that provide health and therapeutic benefits has increased. Furthermore, there is an increase in demand for reishi mushroom as a result of rising consumer health consciousness, increased consumer spending, and increased product awareness and knowledge through advertisements. Furthermore, consumers are becoming more interested in food and beverages obtained in a sustainable manner, such as those with simplified labels, no additive/preservative, non-GMO, and recognisable ingredient list.

• Growing awareness about the benefits of reishi mushroom in personal care industry.

The use of reishi mushroom powder as an ingredient in cosmetics and personal care products has gained popularity. This is due to its superior antioxidant, anti-aging, anti-wrinkle, skin whitening, and moisturising properties, making it an ideal ingredient for cosmetics. As a result, several multinational corporations are gradually developing and launching personal care products with reishi mushroom as a key ingredient.

Opportunity

On the contrary, consumers are increasingly choosing edibles that add more value to their healthy lifestyle and regimen. As a result, rising consumer health consciousness raises demand for organically grown products with high nutritional value. This surge in organic reishi mushroom product adoption can be viewed as an opportunity for reishi mushroom producers to grow and expand their market base. The growing participation of farmers and entrepreneurs in reishi mushroom production has steadily increased, providing impetus to the reishi mushrooms market.

Restraints

However, a sizable portion of the population is allergic to mushrooms. This will limit the market's potential for growth in the reishi mushroom extract market. Long-term use can also cause side effects such as dry mouth, throat, nose, and itchiness and rash, among other things.

This reishi mushroom market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the reishi mushroom market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Reishi Mushroom Market

Several epidemiological and clinical studies have confirmed the ability of reishi mushrooms and mushroom-derived supplements to improve innate and adaptive immune system responses to various pathogens, including viruses. Because COVID-19 has increased the sales of immunity-boosting supplements, reishi mushroom extracts in such supplements are expected to result in significant market growth.

Global Reishi Mushroom Market Scope

The reishi mushroom market is segmented on the basis of species, type, form, end use and nature. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Species

• Ganoderma lucidum
• Ganoderma sinensis
• Ganoderma tsugae
• Others

Type

• Cultivated
• Wild

Form

• Liquid
• Powder

Nature

• Organic
• Conventional

Application

• Pharmaceutical
• Nutraceutical
• Dietary Supplements
• Cosmetics
• Personal Care

Reishi Mushroom Market Regional Analysis/Insights

The reishi mushroom market is analysed and market size insights and trends are provided by country, species, type, form, end-use and nature as referenced above.

The countries covered in the reishi mushroom market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.

Asia-Pacific was the most important reishi mushroom market region. This can be attributed to the region's long-standing popularity and substantial consumption of reishi mushroom products. China is also the largest producer and consumer of reishi mushroom products.

However, North America is expected to grow at a rapid pace owing to the lifestyle changes, consumers in this region have become more interested in health-conscious products such as functional food and beverages. As a result, demand for plant-based food supplements is increasing.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Reishi Mushroom Market Share Analysis

The reishi mushroom market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to reishi mushroom market.

Some of the major players operating in the reishi mushroom market are:

• Amax NutraSource, Inc. (US)
• Bio-Botanica (US)
• Bristol Botanicals Limited (UK)
• Hokkaido-reishi (Japan)
• Hunan Huacheng Biotech,Inc. (China)
• Mushroom Science (US)
• Nammex (Canada)
• Qingdao Dacon Trading Co. (China)
• The Mushroom Company (US)
• Xi'an Greena Biotech Co.,Ltd (China)