Covid-19 Impact on Medicinal Mushroom Market | Size, Industry Growth by 2023

Posted October 28, 2020 by taursuraj55

Covid-19 Impact on Medicinal Mushroom Market Size by Type (Shiitake, MAITAKE, CHAGA, REISHI, CORDYCEPS, Turkey Tail and others) Category

Market Overview

Medicinal Mushroom contains some of the most rejuvenating and nourishing health compounds of any substance on earth. Increase in application of medicinal mushroom owing to the nutritional and medicinal attributes associated with it is encouraging the growth of medicinal market. Medicinal mushroom Industry is a good source of vitamin B & D and is beneficial for various health benefits including its ability to aid weight loss, support cardiovascular health, fight cancer cells, improve energy levels and brain function, reduce inflammation, and support the immune system. The sector is driven in a major way by the demand directed from the food & beverage and nutraceuticals sector owning to the health benefits obtained from it.

Health awareness and rising population of vegan consumers have prompted the growth of medicinal mushroom in the daily diet of individuals. Increase in fitness and wellness sector awareness has enhanced the market growth trajectory of the sector to an elevated level. Fast pace of lifestyle and increasing demand for meat substitutes have supported the growth of global medicinal mushroom market globally. Escalation observed in the consumption of plant-based protein is also adding fuel to the development of this market.

Medicinal Mushroom Market Key Players

Key players in the Global Covid-19 Impact on Medicinal Mushroom Market are focusing on delivering fresh medicinal mushrooms with better shelf-life to the consumers. Additionally, based on growing demand for medicinal mushrooms, players in the mushroom market are identified to invest hugely in order to strengthen their business portfolio in the global medicinal mushroom market. The best long-term growth opportunities for this sector can be captured by ensuring ongoing product improvements and financial flexibility to invest in the optimal strategies.

The key players profiled in Covid-19 Impact on Medicinal Mushroom Market report are New Roots Herbal Inc. (Canada), Names (North American Medicinal Mushroom Extracts) (Canada), Nutra Green Biotechnology Co (U.S.), Amax NUTRASOURCE, Inc. (U.S.), NYISHAR (U.K.), Real Mushrooms (Canada), and ORIVEDA BV (The Netherlands) among many others.

Medicinal Mushroom Market Segment

The global Medicinal mushroom industry has been divided into type, form, function and region.

On the Basis of Type: Chaga, Cordyceps, REISHI, Turkey Tail, Shiitake, and Others

On the Basis of Form: Capsules, Liquid, Powder, and Others

On the Basis of Function: Antioxidant, Immune Enhancer, Anti-Cancer, Skin Care, and Others

On the Basis of Region: North America, Europe, Asia Pacific, and ROW.

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Medicinal Mushroom Market Regional Analysis

Medicinal Mushroom Market is segmented into Europe, North America, APAC, and Rest of the World (RoW). This market is highly dominated by Asia Pacific and Europe region due to high production of mushroom and consumption demand from these regions. APAC is also considered to be the fastest growing region owning to high consumption of mushroom majorly in China and Japan. The consumption of medicinal mushroom in developing counties like India is expected to grow in the upcoming years.

Related Video Analysis on FnB Reports:

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Last Updated October 28, 2020