Global Reishi Mushroom Extracts Market (2021 to 2026) - Growth, Trends, and Forecasts - ResearchAndMarkets.com
There has been a considerable shift in the lifestyles and diet habits of consumers globally, over the past two decades.
The "Global Reishi Mushroom Extracts Market - Growth, Trends, and Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global Reishi Mushroom Extracts market is projected to grow with a CAGR of 8.84% during the forecast period (2021-2026).
Companies Mentioned
- Bio-Botanica Inc.
- Bristol Botanicals Limited
- Nammex (North American Medicinal Mushroom Extracts)
- Hokkaido Reishi Co. Ltd.
- Qingdao Dacon Trading Co., Ltd
- Xian Yuensun Biological Technology Co.,Ltd.
- Naturalin Bio-Resources Co., Ltd
Key Market Trends
Surge in Demand for Functional Food and Dietary Supplements
There has been a considerable shift in the lifestyles and diet habits of consumers globally, over the past two decades. Urbanization and consumerism drove a rapid rise in the consumption of synthetic food products, resulting in an increased incidence of lifestyle diseases, of which consumers are increasingly becoming aware. As a result, consumers are gradually moving towards functional foods and beverages that are promoted as being beneficial beyond basic nutrition. These products are purported to provide optimal nutrition and reduce the risk of disease occurrence. Functional foods are gaining high popularity among health-conscious consumers.
During the forecasted period, the demand for reishi mushrooms is expected to increase significantly, as these mushrooms are being incorporated in various functional food and beverages, such as coffee and cocoa. Lastly, rising consumer preference for organic and natural products in developing countries is projected to drive growth of the organic reishi extracts segment during the forecast period.
Asia Pacific holds the Largest Market Share
China is one of the largest producers of reishi mushrooms, globally. The country engages in the production of mushrooms at a large scale to meet the large external and internal market demands. As Reishi is widely used in traditional Chinese medicine and is also known as the "Elixir of Life", as well as the "Mushroom of Immortality", the market studied is expected to experience huge demand for Reishi medicinal mushrooms from Asia-Pacific. Additionally, Reishi mushroom is widely used as a medicine in Korea and Japan, among other countries. With the growing income levels of urban and rural Chinese consumers and with the transformation of comprehensive health awareness and consumption concept, consumers across the market are placing more importance on safety, nutrition, and consumption of healthy food with certain medical benefits.
The rapid development of the catering industry stimulates the growth of mushrooms in the market. Catering channels are one of the crucial channels for mushroom marketing where the staff is continuously working to ensure the standard on food safety, strengthening the consciousness on raw materials' safety, and environmental protection, techniques of reishi mushroom cultivation and increasing demand for exotic mushroom varieties, and the market for functional mushrooms in the region is expected to witness significant growth in the coming years
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.2 By Form
5.3 By Application
5.4 By Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Major Players
6.2 Market Positioning of the Key Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/k3m2ks
View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005290/en/