Europe Medicinal Mushroom Market, By Type (Reishi, Cordyceps, Chaga, Hericium, Auricularia), Product Type (Organic, Inorganic), Form (Powder, Tablet, Capsules, Tinctures), Therapeutic Application (Cancer Treatment, Cardiovascular, Physical Performance, Antioxidant, Antiviral, Antimicrobial, Immunity, Gastrointestinal, Cholesterol, Others) - Industry Trends and Forecast to 2031.
Europe Medicinal Mushroom Market Analysis and Size
The essential factors contributing to the growth of the medicinal mushroom market include increasing demand for medicinal mushrooms as investments in public and private healthcare industries, increasing health awareness about the health benefits of medicinal mushrooms among the general population, and continuous launches of supplements of medicinal mushrooms.
Data Bridge Market Research analyses that the Europe medicinal mushroom market which was USD 33.11 million in 2023, is expected to reach USD 51.03 million by 2031, growing at a CAGR of 5.7% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Reishi, Cordyceps, Chaga, Hericium, Auricularia), Product Type(Organic, Inorganic), Form (Powder, Tablet, Capsules, Tinctures), Therapeutic Application (Cancer Treatment, Cardiovascular, Physical Performance, Antioxidant, Antiviral, Antimicrobial, Immunity, Gastrointestinal, Cholesterol, Others)
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Country Covered
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Germany, France, U.K., Italy, Austria, Russia, Turkey, Belgium, Netherlands, Luxembourg, Switzerland, Rest of Europe
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Market Players Covered
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Aloha Medicinals Inc (U.S.), MycoMedica d.o.o. (Slovenia), Mycotrition GmbH (Germany), Pilze Wohlrab GmbH & Co. KG (Germany), Tyroler Glückspilze (Austria), Saint Charles (Austria), Myko San (Netherlands), Suntory Beverage & Food Asia Pte Ltd (Singapore), Nordic Mushrooms (Finland), Nyishar (U.K.)
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Market Opportunities
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Market Definition
Medicinal mushrooms are microscopic fungi that can be used in the form of powder or extract to prevent or heal multiple diseases. They are enriched with essential amino acids, vitamin B, and dietary fiber, and they possess high protein content (20-30% of dry matter). They also contain polysaccharides complexes, ribonucleases, proteases, and lectins, which exhibit antitumor, hypocholesterolemic, antioxidant, antimicrobial, anti-inflammatory, and immunosuppressive properties. Moreover, studies have shown that medicinal mushroom has no dose-limiting toxicity, and they also improve disease-free intervals and overall survival in breast cancer patients. Medicinal mushrooms have been used in traditional medicines as they provide vitality.
Europe Medicinal Mushroom Market Dynamics
Driver
- Growing consumer awareness
Growing consumer awareness about the health benefits of medicinal mushrooms, including their potential to boost immunity, manage stress, and provide various nutritional benefits, is a significant driver. The increasing interest in natural and holistic wellness has expanded the market for medicinal mushrooms.
- Incorporation of medicinal mushrooms into functional foods
The incorporation of medicinal mushrooms into functional foods, dietary supplements, and nutraceuticals is gaining momentum. Products like mushroom powders, extracts, capsules, and teas are becoming more popular among health-conscious consumers, contributing to the growth of the market.
Opportunity
- Ongoing research into the medicinal properties of various mushroom species
Ongoing research into the medicinal properties of various mushroom species is expanding the market. Scientists are discovering new health benefits, therapeutic properties, and potential medicinal applications of different mushrooms, creating opportunity for the growth of the market.
Restraints/Challenges
- Limited awareness and understanding
Despite increasing interest, there might still be a lack of widespread awareness and understanding among consumers about the specific health benefits, proper usage, and dosage of medicinal mushrooms. This could potentially limit market growth.
This medicinal mushroom market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medicinal mushroom market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In October 2021, Aloha Medicinals partnered with Prenexus Health, which is a leading manufacturer of organic prebiotic ingredients for the supplement, to bring the novel mushroom-based prebiotic, MyceliaGI, to market
- In October 2021, Pilze Wohlrab GmbH & Co. KG launched syrup called chaga health at pilze wohlrab. It comes in the usual organic quality and has the healthy elixir of the medicinal mushroom Chaga. It is a booster for health and true support for our immune system
- In May 2021, Nordic Mushrooms won the Start-up Award in the NutraIngredients Awards 2021. NutraIngredients Awards is a respected competition within the nutraceutical and food supplement industry. Thus, the company will create goodwill in the market and will help the market to grow rapidly
Europe Medicinal Mushroom Market Scope
The medicinal mushroom market is segmented on the basis of type, product type, form, and therapeutic application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Reishi
- Cordyceps
- Chaga
- Hericium
- Auricularia
Product Type
- Organic
- Inorganic
Form
- Powder
- Tablet
- Capsules
- Tinctures
Therapeutic Application
- Cancer Treatment
- Cardiovascular
- Physical Performance
- Antioxidant
- Antiviral
- Antimicrobial
- Immunity
- Gastrointestinal
- Cholesterol
- Others
Europe Medicinal Mushroom Market Regional Analysis/Insights
The medicinal mushroom market is analyzed and market size insights and trends are provided by t type, product type, form, and therapeutic application referenced above.
The countries covered in market report are the Germany, France, U.K., Italy, Austria, Russia, Turkey, Belgium, Netherlands, Luxembourg, Switzerland, and rest Of Europe
Germany is expected to dominate the medicinal mushrooms market due to easy availability as well as at reasonable rates of medicinal in the region. U.K. is expected to grow at the fatest rate in the Europe medicinal mushrooms market due to the increased health awareness among the consumers in the country. Austria is also expected to lead in the medicinal mushroom market due to increased demand for medicinal mushroom products in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Medicinal Mushroom Market Share Analysis
The medicinal mushroom market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medicinal mushroom market.
Some of the major players operating in the medicinal mushroom market are:
- Aloha Medicinals Inc (U.S.)
- MycoMedica d.o.o. (Slovenia)
- Mycotrition GmbH (Germany)
- Pilze Wohlrab GmbH & Co. KG (Germany)
- Tyroler Glückspilze (Austria)
- Saint Charles (Austria)
- Myko San (Netherlands)
- Suntory Beverage & Food Asia Pte Ltd (Singapore)
- Nordic Mushrooms (Finland)
- Nyishar (U.K.)
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