- In September 2023, Applied Food Sciences Inc. (AFS) formed a partnership with Finland-based KÄÄPÄ Biotech, experts in fungi cultivation and research. This collaboration aims to expand AFS’s botanical portfolio by incorporating Nordic-grown functional mushroom extracts. Six organic powdered mushroom extracts will be introduced, including lion’s mane, reishi, cordyceps, chaga, shiitake, and maitake, focusing on boosting the functionality and market awareness of functional mushroom extract products for food, beverages, and supplements
- In December 2022, Ethical Naturals Inc. (ENI) and Nammex launched the Mushroom-Plus ingredient line, designed to address specific health concerns with organic mushroom extracts. The new product, MycoCalm, combines organic red reishi and L-theanine (AlphaWave) to promote relaxation and stress relief. This line also includes Ergothioneine-Plus for cellular support, Lion’s Mane-Plus for focus, and Cordyceps-Plus to enhance energy and endurance, catering to the growing demand for stress-relief solutions
- In July 2022, Vibe Mushrooms expanded its offerings by launching five new mushroom extracts for consumer use. These include Lion's Mane, Turkey Tail, Red Reishi, Cordyceps, and Master Blend. These extracts are designed to be used as ingredients in various consumer products, allowing individuals to incorporate the health benefits of medicinal mushrooms into their daily routines. Vibe Mushrooms continues to focus on providing natural, functional mushroom-based solutions
- In July 2022, Ethical Naturals Inc. collaborated with Nammex to introduce a new line of organic mushroom extracts called Mushroom-Plus. The line’s latest product, MycoCalm, features organic red Reishi and L-Theanine to help with stress relief and relaxation. This product complements others in the range, including Lion’s Mane-Plus for mental clarity and focus, Ergothioneine-Plus for cellular health, and Cordyceps-Plus for energy and endurance, meeting the demand for functional ingredients targeting wellness
- In July 2021, Rooted Actives, based in Gurugram, launched a range of medicinal mushroom extracts and superfood blends, including Reishi, Chaga, Turkey Tail, Lions Mane, Shiitake, and more. These products are designed for use in food and beverages, such as blending into coffee. The company focuses on promoting the health benefits of these mushrooms, targeting consumers looking for natural, functional ingredients to enhance their nutrition and overall well-being
Frequently Asked Questions
The market is segmented based on Segmentation, By Grade (Reagent, Pharmaceutical, and Food), Product (Organic Reishi Mushroom Extract and Conventional Reishi Mushroom Extract), Form (Liquid Capsules, Tinctures, and Powder), End User Industries (Food and Beverage, Healthcare, Personal Care, Pharmaceutical and Others), Source (Wildcrafted and Cultivated) – Industry Trends and Forecast to 2032
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The Global Reishi Mushroom Extract Market size was valued at USD 678.02 USD Million in 2024.
The Global Reishi Mushroom Extract Market is projected to grow at a CAGR of 4.9% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
