Market Overview:
The global medicinal fungi market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for functional foods and nutraceuticals, and rising awareness about the health benefits of medicinal fungi. In addition, the growing popularity of mushroom-based supplements is also contributing to the growth of this market. Based on type, the global medicinal fungi market can be segmented into powder and liquid forms. The powder form dominates this market owing to its ease of use and long shelf life. By application, this market can be divided into medicine and food applications.
Product Definition:
A fungus that has a beneficial effect on human or animal health is known as a medicinal fungus. Medicinal fungi have been used for centuries in traditional medicine to treat various illnesses. Some of the most common medicinal fungi include cordyceps, reishi, and shiitake mushrooms. Medicinal fungi are thought to help improve immune system function, fight cancer, and reduce inflammation.
Powder:
Powder is a form of dry organic fertilizer consisting of high-quality plant food ingredients. It has been used by humans for thousands of years as an easy and convenient way to deliver essential nutrients to plants. In the last few decades, it has gained popularity among mycologists as a medium for cultivating medicinal fungi. The growth factor in powder is ammonia (NH3), which provides nitrogen (N) and phosphorous (P).
Liquid:
Liquid is a water-soluble polymer, which is produced from the reaction between cellulose and lignin. Cellulose being a natural product, and lignin being manufactured as a byproduct of wood manufacturing process; liquid is an essential raw material for producing medicinal fungi. Medicinal fungi are used in treating various diseases such as cancer, arthritis & joint pain, skin infections & wounds among others.
Application Insights:
The medicine segment held the largest share of over 70.0% in 2017. The growth is attributed to extensive usage as antifungal, antibiotic and anti-cancer agent. The rising prevalence of fungal infections, especially diabetes-related foot ulcers and candida has also contributed to the demand for medicinal fungi products globally.
The food segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing use in meat products such as sausages and ham among others which are high in protein content but low on fat content compared with other meat alternatives such as beefsteak or lamb chops among others which have higher fat content than protein content thus making them less healthy options globally recognized by nutritionists.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Increasing prevalence of chronic diseases such as cancer, diabetes, and arthritis is one of the major factors responsible for growth in this region. According to a recent study published by National Cancer Institute (NCI), around 1,762,590 new cases were estimated to be diagnosed in U.S.
Asia Pacific market was valued at USD X million in 2017 and is anticipated to witness lucrative growth over the forecast period owing to increasing awareness regarding health benefits associated with mushrooms among consumers from China.
Growth Factors:
- Increasing demand for natural and organic products: The global market for natural and organic products is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth is driven by the increasing awareness of the benefits of using natural and organic products, especially among consumers in developed countries. Medicinal fungi are considered as a naturally occurring product and hence have high potential to tap into this growing market.
- Growing demand for functional foods: Functional foods are those that offer additional health benefits beyond basic nutrition. They are becoming increasingly popular due to their ability to address various health concerns such as obesity, heart disease, diabetes, etc. Medicinal fungi can be used in the production of functional foods due to their beneficial properties such as anti-inflammatory, antioxidant, etc., which make them attractive ingredients for these types of food products.
- Rising incidence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, stroke, etc., is on the rise globally due to changing lifestyles and dietary habits. These diseases account for a large proportion of healthcare costs worldwide and pose a major challenge to public health systems across the globe . Medicinal fungi have been shown to have beneficial effects against many chronic diseases and thus present an opportunity for growth in this segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medicinal Fungi Market Research Report
By Type
Powder, Liquid
By Application
Medicine, Food
By Companies
Verygrass, Amino Up Chemical, Nammex, Baikal Herbs Ltd., Johncan international, Aloha Medicinals, Limonnik, Fungi Perfecti, Kangxin, Shaanxi Undersun Biomedtech, Verygrass, NutraGenesis, Naturalin, Lgberry, Nyishar, Oriveda bv, Real Mushrooms
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Medicinal Fungi Market Report Segments:
The global Medicinal Fungi market is segmented on the basis of:
Types
Powder, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medicine, Food
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Verygrass
- Amino Up Chemical
- Nammex
- Baikal Herbs Ltd.
- Johncan international
- Aloha Medicinals
- Limonnik
- Fungi Perfecti
- Kangxin
- Shaanxi Undersun Biomedtech
- Verygrass
- NutraGenesis
- Naturalin
- Lgberry
- Nyishar
- Oriveda bv
- Real Mushrooms
Highlights of The Medicinal Fungi Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Liquid
- By Application:
- Medicine
- Food
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medicinal Fungi Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medicinal fungi are fungi that have been used traditionally as medicines. They include mushrooms, molds, and yeasts. Medicinal fungi can be found in many different parts of the world and have been used to treat a variety of health problems for centuries.
Some of the major players in the medicinal fungi market are Verygrass, Amino Up Chemical, Nammex, Baikal Herbs Ltd., Johncan international, Aloha Medicinals, Limonnik, Fungi Perfecti, Kangxin, Shaanxi Undersun Biomedtech, Verygrass, NutraGenesis, Naturalin, Lgberry, Nyishar, Oriveda bv, Real Mushrooms.
The medicinal fungi market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medicinal Fungi Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medicinal Fungi Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medicinal Fungi Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medicinal Fungi Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medicinal Fungi Market Size & Forecast, 2018-2028
4.5.1 Medicinal Fungi Market Size and Y-o-Y Growth
4.5.2 Medicinal Fungi Market Absolute $ Opportunity
Chapter 5 Global Medicinal Fungi Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medicinal Fungi Market Size Forecast by Type
5.2.1 Powder
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medicinal Fungi Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medicinal Fungi Market Size Forecast by Applications
6.2.1 Medicine
6.2.2 Food
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medicinal Fungi Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medicinal Fungi Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medicinal Fungi Analysis and Forecast
9.1 Introduction
9.2 North America Medicinal Fungi Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medicinal Fungi Market Size Forecast by Type
9.6.1 Powder
9.6.2 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medicinal Fungi Market Size Forecast by Applications
9.10.1 Medicine
9.10.2 Food
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medicinal Fungi Analysis and Forecast
10.1 Introduction
10.2 Europe Medicinal Fungi Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medicinal Fungi Market Size Forecast by Type
10.6.1 Powder
10.6.2 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medicinal Fungi Market Size Forecast by Applications
10.10.1 Medicine
10.10.2 Food
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medicinal Fungi Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medicinal Fungi Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medicinal Fungi Market Size Forecast by Type
11.6.1 Powder
11.6.2 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medicinal Fungi Market Size Forecast by Applications
11.10.1 Medicine
11.10.2 Food
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medicinal Fungi Analysis and Forecast
12.1 Introduction
12.2 Latin America Medicinal Fungi Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medicinal Fungi Market Size Forecast by Type
12.6.1 Powder
12.6.2 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medicinal Fungi Market Size Forecast by Applications
12.10.1 Medicine
12.10.2 Food
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medicinal Fungi Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medicinal Fungi Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medicinal Fungi Market Size Forecast by Type
13.6.1 Powder
13.6.2 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medicinal Fungi Market Size Forecast by Applications
13.10.1 Medicine
13.10.2 Food
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medicinal Fungi Market: Competitive Dashboard
14.2 Global Medicinal Fungi Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Verygrass
14.3.2 Amino Up Chemical
14.3.3 Nammex
14.3.4 Baikal Herbs Ltd.
14.3.5 Johncan international
14.3.6 Aloha Medicinals
14.3.7 Limonnik
14.3.8 Fungi Perfecti
14.3.9 Kangxin
14.3.10 Shaanxi Undersun Biomedtech
14.3.11 Verygrass
14.3.12 NutraGenesis
14.3.13 Naturalin
14.3.14 Lgberry
14.3.15 Nyishar
14.3.16 Oriveda bv
14.3.17 Real Mushrooms
