IMARC Group, a leading market research company, has recently releases report titled “Reishi Mushroom Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global reishi mushroom market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the reishi mushroom market?
Report Attributes
Details
Market Size in 2022
US$ 3.6 Billion
Market Forecast in 2028
US$ 5.7 Billion
Growth rate (2023 to 2028)
CAGR of 7.8%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is Reishi Mushroom?
Reishi mushroom, also known as Ganoderma lucidum, is a medicinal mushroom highly regarded in traditional Chinese medicine for its health benefits. Commonly referred to as the “Mushroom of Immortality” due to its long history of use in promoting overall well-being and longevity, reishi mushroom is characterized by its distinct appearance, featuring a shiny, reddish-brown cap with a woody texture and a glossy surface. Reishi mushroom is known for its numerous bioactive compounds, including polysaccharides, triterpenoids, and antioxidants. These constituents contribute to its therapeutic properties, such as immune system modulation, anti-inflammatory effects, and potential anti-cancer activity. Reishi mushroom is also believed to support cardiovascular health, improve sleep quality, and boost energy levels. Reishi mushroom is highly preferred for its adaptogenic properties, which help the body adapt to stress and promote balance. It is also known for its calming effects, making it a preferred choice for relaxation and stress management. Reishi mushroom finds application in various industries, including pharmaceuticals, cosmetics and personal care, and healthcare.
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Reishi Mushroom Market Trends:
The rising popularity of traditional medicine practices globally is influencing the market growth of reishi mushrooms. Moreover, continuous scientific studies on reishi mushrooms have revealed their potential health benefits, thereby attracting attention from researchers, healthcare professionals, and consumers. This is acting as a major growth-inducing factor. The market is also being driven by the availability of a wider range of reishi mushroom products, including extracts, powders, capsules, and teas, making it more accessible to consumers, thereby propelling market growth. The nutraceutical industry, which focuses on natural health products, is experiencing significant growth, providing a platform for the market expansion of reishi mushrooms. The global pandemic and increasing concerns about immunity have heightened the demand for natural immune-boosting ingredients like reishi mushroom, which is driving the market toward growth. Besides this, with the steadily expanding geriatric population, there is a greater emphasis on health and wellness. Reishi mushroom’s potential anti-aging and vitality-promoting properties have resonated with this demographic, which is facilitating its utilization and demand, thereby leading to market growth. The widespread use of social media and online platforms has facilitated the dissemination of information about reishi mushroom, driving consumer interest and the market growth. The growth of e-commerce has made it easier for consumers to access reishi mushroom products, leading to increasing sales and market expansion. The cultivation of reishi mushrooms can be environmentally friendly, attracting consumers who prioritize sustainable and eco-friendly products. This is contributing to the market growth significantly. Other factors, such as rising health consciousness among individuals, the expanding food and beverage sector, the rising trend of veganism, and extensive research and development (R&D) activities, are creating a positive outlook for the market further across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Form:
Breakup by Nature:
Breakup by End User:
Breakup by Region:
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