How Has the Reishi Mushroom Market Evolved Historically and What is its Current Size
The reishi mushroom market has seen considerable growth due to a variety of factors.
• The market size for reishi mushrooms has seen robust growth in recent years. The market is projected to increase from a value of $4.65 billion in 2024 to $5.07 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.0%.
The surge in growth from previous years can be credited to factors such as the rising popularity of traditional medicine, heightened health and wellness consciousness, research findings and published studies, the growth of the dietary supplement sector, culinary applications, and widespread adoption.
What Are the Future Growth Projections for the Reishi Mushroom Market?
The reishi mushroom market is expected to maintain its strong growth trajectory in upcoming years.
• There is anticipated to be significant expansion in the reishi mushroom market in the coming years. This market is predicted to reach $6.87 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%.
This expansion in the forecast period is likely due to ongoing interest in holistic health, increased consumer demand for functional foods, discovery of new uses, the worldwide growth of herbal medicine knowledge, and research and clinical trials. Key trends during the forecast period are expected to include the growth of the market within the nutraceuticals sector, the introduction of reishi mushroom powder, heightened awareness of reishi's anti-inflammatory benefits, advancements in extraction methods, and partnerships for product creation.
What Are The Core Factors Supporting Growth In Reishi Mushroom Market?
An increase in demand for functional foods and dietary supplements is predicted to propel the reishi mushroom market's expansion. Functional foods refer to dietary elements that beneficially impact one or more specific body functions, apart from supplying nutrients and energy, either by enhancing a specific physiological response or by reducing disease risk. Dietary supplements encompass vitamins, minerals, herbal products, or other consumable preparations added to the diet for health benefits. Reishi mushrooms, used as dietary supplements, find their application in medicinal products to alleviate stress, promote liver and heart health, foster longevity, and bolster the immune system, which is projected to steer the market's growth. As an illustration, data from the Department for Business and Trade, a UK government department offering trade and investment services and support, in January 2022, revealed that the global functional foods market was valued at £209.6 billion in 2021, with an anticipated compound annual rate of growth of 9.5% through 2028. Therefore, the increasing demand for functional foods and dietary supplements is fuelling the growth of the reishi mushroom market.
What Are The Major Segments Within The Reishi Mushroom Market?
The reishi mushroom market covered in this report is segmented –
1) By Type: Cultivated, Wild
2) By Species: Ganoderma Lucidum, Ganoderma Sinensis, Ganoderma Tsugae, Other Species
3) By Form: Liquid, Powder
4) By Nature: Organic, Conventional
5) By End User: Food And beverages, Pharmaceutical, Nutraceutical And Dietary Supplements, Cosmetics And Personal Care
Subsegments:
1) By Cultivated: Indoor Cultivated, Outdoor Cultivated
2) By Wild: Foraged Wild Reishi, Naturally Occurring Wild Reishi
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Which Trends Are Expected To Transform The Reishi Mushroom Market?
Key players in the reishi mushroom market, like Gaia Herbs Inc., are introducing unique products to solidify their market standing. Just recently, in February 2022, Gaia Herbs, a US firm known for its natural herbal products, introduced a new collection of six mushroom capsule supplements designed to promote overall health and wellness. The lineup includes Reishi mushroom, Respiratory Mushroom Blend, Immune Mushroom Blend, Lion's Mane mushroom, Cordyceps mushroom, and Turkey Tail mushroom supplements, all aimed at supporting various areas such as liver health, energy and endurance, stress control, and heart, lung, immunity, brain, and neurological wellbeing. Gaia Herbs has confirmed that the new mushroom capsules are made using only the highest-quality, most potent ingredients and are cultivated without the use of any pesticides, chemical fertilizers or genetically modified seeds. These products have undergone stringent quality testing and are free from dairy, gluten, grains and soy.
Who Are the Key Players in the Reishi Mushroom Market?
Major companies operating in the reishi mushroom market include:
• Swanson Health Products
• Nutraceutical International Corporation
• Gano Excel
• Alphay International Inc
• Nature's Way
• Bio Botanica Inc.
• Organo Gold
• Aloha Medicinals.
• Aloha Medicinals Inc.
• Terrasoul Superfoods
• Four Sigmatic
• Hunan Huacheng Biotech Inc.
• The Mushroom Company
• Amax Nutrasource Inc.
• Dragon Herbs
• New Roots Herbal Inc.
• Mushroom Wisdom Inc.
• DXN Holdings Bhd.
• Bristol Botanicals Limited
• Qingdao Dacon Trading Co Ltd
• Fungi Perfecti
• Ron Teeguarden Enterprises Inc.
• Xi'An Greenabiotech Co Ltd
• Hokkaido Reishi Co Ltd.
• North American Medicinal Mushroom Extracts
• Mushroom Science
• Fujian Xianzhilou Biological Technology Co Ltd.
• Real Mushrooms
• Oriveda
• Mycology Research Laboratories Ltd.
• Sayan Health Inc.
• SupHerb Farms
• Fuyang Bestop Import and Export Ltd.
• Hunan Nutrmax Inc.
What Is The Most Dominant Region In The Reishi Mushroom Market?
Asia Pacific was the largest region in the global reishi mushroom market in 2024. North America is expected to be the fastest-growing region in the global reishi mushroom market during the forecast period. The regions covered in the reishi mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
