Reishi Mushroom Extract Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025
Reishi Mushroom Extract Market Overview
Reishi Mushroom Extract Market size is forecast to reach $ 560.78 million by 2025, growing at a CAGR of 4.88% during the forecast period 2020-2025. Reishi mushrooms are microscopic fungi, which are used for their health-promoting properties. Increasing use of reishi for enhancing health such as it improves immunity, promotes liver and heart health, and also for the treatment of viral infections, diabetes, heart & kidney diseases, and other diseases & disorders are the major factors driving the growth of the market. Growing awareness towards health benefits associated with it and rising demand for functional food among individuals who are engaged in physical activities is set to further enhance the overall market demand for Reishi Mushroom Extract Market during the forecast period 2020-2025.
Report Coverage
The report: “Reishi Mushroom Extract Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Reishi Mushroom Extract Market.
By Product: Organic Reishi Mushroom Extract, and Conventional Reishi Mushroom Extract
By Form: Liquid Extract, and Powder Extract
By Grade: Reagent, Pharmaceutical, and Food
By End User: Food & Beverage, Healthcare, and Personal Care
By Geography: North America, Europe, Asia Pacific and Rest of the World (RoW)
Key Takeaways
- The Asia Pacific dominated the Reishi Mushroom Extract Market in 2019 owing to the increasing adoption of plant-based ingredients in personal care & cosmetic products and increasing demand for natural and herbal products. The Reishi Mushroom Extract Market scope for different regions will be provided in the final report.
- Growing demand and increasing popularity for reishi mushroom extract in the healthcare sector is likely to aid in the market growth of the Reishi Mushroom Extract Market.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Reishi Mushroom Extract Market report.
- Associated side effects and low market penetration is poised to to create hurdles for the Reishi Mushroom Extract Market.
Product - Segment Analysis
The Organic Reishi Mushroom Extract held the largest share in the Reishi Mushroom Extract Market in 2019 and is estimated to grow at a CAGR of 6.12% during the forecast period 2020-2025. Organic Reishi mushroom also known as Ganoderma lucidum and lingzhi is a fungus that grows in various hot and humid locations. Organic Reishi mushroom has anti-cancer properties owing to its potential cancer-fighting properties. Organic Reishi mushroom has been used traditionally for health-promoting characteristics such as enhanced immunity, longevity, promote liver and heart health, and relieves stress as it acts as a slight central nervous system sedative, which relaxes the mind and body. The main active ingredient in the organic reishi mushroom extract are polysaccharides, beta-glucans, plant sterols, and triterpenes. Thus, it is used in the treatment of diabetes, respiratory problems, viral infections, heart & kidney diseases, liver problems, insomnia, anxiety, nervous system disorders, and others. The Organic Reishi Mushroom is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025 owing to the rising consumer preference for organic products in developing countries.
End-User- Segment Analysis
Food & Beverage held the largest share in the Reishi Mushroom Extract Market in 2019. Reishi mushroom is a fungus that is used for cancer, boosting the immune system to prevent or treat infections, and for many other reasons. Reishi, also known as the Mushroom of Immortality, is revered for its health-promoting properties. It supports the entire body with its many compounds, including polysaccharides and triterpenes. Reishi mushroom extract is used in food owing to rising health awareness. Food & Beverage are set to be the highest growing segment and are estimated to register the highest CAGR during the forecast period 2020-2025.
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