Press release
Changing Purchasing Patterns Of Consumers Towards Medicinal Food Is Likely To Boost The Growth Of Medicinal Fungi Market
Medicinal mushrooms are mushrooms that are grown for their high nutritional profile of antioxidants, proteins, amino acids, and vitamins. Medicinal mushrooms are native to Asia and are grown there on a large scale. Medicinal mushrooms are known for their remedies for colds, seasonal allergies, relief from asthma and bronchitis, inflammation, and for improving nervous system function.As consumers become more interested in health food products, particularly in Europe and North America, distributors around the world are increasing the number of outlets offering a wide variety of functional beverages with medicinal mushrooms incorporated. In 2017, Kellogg's announced its investment in a mushroom protein company to meet consumer demand for vegan protein.
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However, marketing and promoting these products are essential as many consumers are unaware of the health benefits of mushrooms. The demand for medicinal mushrooms around the world is expected to increase dramatically due to the changing purchasing behavior of consumers towards medicinal foods, which offer numerous health benefits.
The global medicinal mushroom market is expected to experience high growth over the forecast period
The world market for medicinal mushrooms is expected to grow in the coming forecast period due to its three main end-use industries - food, cosmetics and pharmaceuticals. According to Fact.MR, the market is expected to grow at a high CAGR (Compound Annual Growth Rate) during the forecast period. East Asia dominated the world market for medicinal mushrooms in 2018.
A significant increase in total sales of medicinal mushrooms is expected in Europe and North America. Countries such as the USA, China and Malaysia are expected to boost demand for medicinal mushrooms during the forecast period. Well-known companies make significant contributions to the production and various types of medicinal mushrooms, thereby promoting the growth of the medicinal mushroom market worldwide.
Pharmaceutical industry is likely to create lucrative opportunities
Medicinal mushrooms are best known as vegan foods that can strengthen the human immune system. Medicinal mushrooms contain a significant amount of antioxidants that can destroy free radicals. This ability of medicinal mushrooms attracts manufacturers in the pharmaceutical industry to manufacture medicines from natural ingredients.
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However, there are limited studies showing the overall effects of fungi on the human body. In addition, many studies suggest that medicinal mushrooms can also be used to minimize the effects of cancer on the body.
Global Medicinal Mushroom Market: Segmentation
The medicinal fungi market can be segmented into type, form, end use, application, and packaging type. By type, the global medicinal fungi market can be categorized into chaga, cordyceps, enoki, turkey tail, lion’s mane, oyster mushroom, shiitake, maitake (hen of the woods), chanterelle, morel mushroom, and others The medicinal fungi market can be segmented by its form into powder, whole, slices, and extract. By end use, the medicinal fungi can be segmented into household, commercial, and industrial.
The industrial segment is further sub-segmented into dietary supplements, functional food & beverages, and personal care & cosmetics. The global medicinal fungi market is also segmented into application as antioxidants, immune enhancers, anti-cancer, and skincare. By packaging type, the medicinal fungi market can be segmented into bottle, bulk, and tetra packaging. The global medicinal fungi market can be segmented on the basis of the geographical region into North America, Latin America, Europe, South Asia, East Asia, Oceania, the Middle East & Africa (MEA), and Emerging Countries.
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Global Medicinal Mushroom Market: Key Players
The world medicinal mushroom market includes several developers mainly focused on developing advanced versions of medicinal mushrooms primarily for food and beverage products. Medicinal mushroom manufacturing and distribution companies are focused on expanding their business presence by enhancing their medicinal mushroom-related product portfolio.
Some key players in the market are Nutra Green Biotechnology Co., New Roots Herbal Inc., Names (North American Medicinal Mushroom Extracts), Amax NutraSource, Inc., Nyishar, Real Mushrooms, Oriveda BV, Bonduelle, Agro Dutch Industries, The Mushroom Company, Moderne Mushroom Farms, Bank Mushrooms, Delftree Mushroom Company, Monaghan Mushrooms, Hughes Mushrooms, Scelta Mushrooms, Monterey Mushrooms, etc.
Explore Fact.MR’s Comprehensive Coverage on Food & Beverages:
Protein Ice Cream Market - https://www.factmr.com/report/protein-ice-cream-market
Coffee Fruit Extract Market - https://www.factmr.com/report/3669/coffee-fruit-extract-market
Chewable Coffee Market - https://www.factmr.com/report/2141/chewable-coffee-market
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