Global Mushroom Extracts Market Size study, by Product (Shiitake Extract, Reishi Extract, Lion's Mane Extract, Cordyceps Extract, Turkey Tail Extract, Chaga Extract), by Form (Powder, Liquid), by Application and Regional Forecasts 2022-2032

Global Mushroom Extracts Market is valued approximately at USD 11.9 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 10.10% over the forecast period 2024-2032. Mushroom extracts—once relegated to traditional Eastern medicine—are now flourishing across mainstream nutraceutical, cosmetic, and food and beverage landscapes. From adaptogenic properties to potent immune modulation, these bioactive-rich ingredients are captivating both formulators and consumers alike. Driven by the surging pursuit of wellness, clean-label nutrition, and functional supplementation, mushroom extracts have transitioned from folklore to front-shelf prominence, serving a plethora of lifestyle-driven applications. Among the most sought-after are extracts derived from Shiitake, Reishi, Cordyceps, and Lion’s Mane mushrooms, whose therapeutic promise is supported by a growing body of scientific validation.

The market’s robust growth trajectory is underpinned by escalating consumer preference for holistic remedies, coupled with the global surge in mental wellness and immunity-focused products. Biotech innovations have also enabled the precise extraction of polysaccharides, beta-glucans, and other key compounds, thereby enhancing product efficacy and standardization. Mushroom extracts, particularly in powder and liquid forms, are being extensively incorporated into supplements, ready-to-drink beverages, skincare solutions, and even pet nutrition. However, supply-side constraints in sourcing wild or organically cultivated mushrooms, along with a fragmented regulatory environment surrounding functional claims, continue to pose challenges for global market players.

Among product categories, Lion's Mane and Reishi are witnessing meteoric adoption due to their neuroprotective and adaptogenic benefits, respectively. The growing interest in nootropic and stress-relieving supplements is driving R&D investments and product diversification in these segments. Meanwhile, Chaga and Turkey Tail are increasingly being leveraged for their antioxidant and immune-modulating effects in both preventative health regimes and post-illness recovery. From a form perspective, powders dominate the landscape due to their versatility in formulation, while liquid extracts are gaining popularity in the premium segment due to faster absorption and ease of use in tinctures and functional shots.

Application diversity is one of the market’s defining strengths. Dietary supplements remain the primary application avenue, with mushroom-infused capsules, drink mixes, and chewables enjoying widespread retail and online shelf presence. Functional food and beverage manufacturers are strategically infusing mushroom extracts into coffee, chocolate, protein bars, and sparkling drinks to align with consumer demand for daily wellness in convenient formats. Additionally, cosmetic brands are tapping into mushrooms’ anti-aging and anti-inflammatory properties, incorporating them into serums, masks, and moisturizers to cater to the growing demand for natural skincare ingredients.

Geographically, North America holds the lion’s share of the global mushroom extracts market, owing to a mature functional food ecosystem, high consumer awareness, and an aggressive innovation pipeline. Europe is not far behind, with countries like Germany and the UK spearheading the plant-based movement and integrating mushroom extracts into both supplements and F&B products. Asia Pacific is emerging as the fastest-growing market, driven by its deep-rooted mycological traditions and increasing integration of mushrooms into modern wellness lifestyles, especially in China, Japan, and South Korea. Regulatory clarity, increased R&D collaborations, and cross-border e-commerce are expected to amplify the region’s market momentum in the coming years.

Major market player included in this report are:
• Nammex (North American Medicinal Mushroom Extracts)
• Hokkaido Reishi Co., Ltd.
• Oriveda BV
• Nature's Way Products, LLC
• Real Mushrooms
• BioFinest
• Fungi Perfecti
• Host Defense
• Baikal Herbs Ltd.
• NutriGold Inc.
• Organic Mushroom Nutrition
• DXN Holdings Bhd
• Mitoku Company, Ltd.
• Aloha Medicinals Inc.
• Nikkei Food Co., Ltd.

The detailed segments and sub-segment of the market are explained below:

By Product
• Shiitake Extract
• Reishi Extract
• Lion's Mane Extract
• Cordyceps Extract
• Turkey Tail Extract
• Chaga Extract

By Form
• Powder
• Liquid

By Application
• Dietary Supplements
• Functional Food & Beverages
• Pharmaceuticals
• Cosmetics
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.