Mushroom Extracts Market Size, Share, Trends, Industry Analysis Report: By Product, Form (Powder and Liquid), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Description

List of Tables

The global mushroom extracts market size is expected to reach USD 33.51 billion by 2034, according to a new study by Polaris Market Research. The report "Mushroom Extracts Market Size, Share, Trends, Industry Analysis Report: By Product, Form (Powder and Liquid), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The mushroom extracts market demand is significantly driven by health and wellness trends as consumers increasingly prioritize natural and organic products for maintaining and improving their well-being. The growing awareness regarding the benefits of a healthy lifestyle drives demand for supplements that support overall health, making mushroom extracts attractive for their potential to enhance immune function, reduce stress, and improve cognitive function. Thus, the market for mushroom extracts is expanding as health-conscious individuals seek products that align with their wellness goals.

Several companies are engaged in the development of a wide array of mushroom extract products, including functional beverages, dietary supplements, skincare, and wellness items, to meet the diverse needs and preferences of consumers. Moreover, the wellness products are combined with mushroom extracts to create convenient formats such as powder and liquid. Consequently, the consistent introduction of effective and innovative mushroom products aimed at diverse applications is driving the mushroom extracts market expansion.

The increasing demand for natural approaches to manage mental well-being is driving the mushroom extracts market growth as the extracts have shown efficacy in mental health treatment. In the US, ~20% of adults are affected by mental illness, including severe conditions such as bipolar disorder, schizophrenia, or major depression. Thus, there is a need for effective and natural treatment solutions, such as mushroom extracts, as they contain bioactive compounds that demonstrate neuroprotective and cognitive-enhancing effects by stimulating nerve growth and reducing symptoms of anxiety and depression. Consequently, the mushroom extracts market is expanding significantly due to their proven efficacy and the growing adoption of mushrooms as promoters of mental health.

Mushroom Extracts Market Report Highlights

Based on product, the reishi extract segment is estimated to register a substantial CAGR during the forecast period due to its increasing application in functional foods and beverages.

By application, in 2024, the dietary supplements segment accounted for the largest share of the mushroom extracts market revenue, primarily driven by the growing consumer emphasis on preventative healthcare.

In 2024, North America dominated the market in terms of revenue share due to the significant presence of key industry players and established companies such as Answer Holdings Inc., PURICA, Nammex, Nutri Avenue Inc., and Applied Food Sciences Inc.

The China mushroom extracts market is expected to experience substantial growth, driven by the rising focus on personalized nutrition within the Chinese consumer market.

A few global key market players are Applied Food Sciences, Inc.; Bio-Botanica (Bio Answer Holdings Inc.); ETHICAL NATURALS, INC.; Hamilton's Mushrooms; Integrity Ingredients Corporation; KAAPA Mushrooms; Nammex (North American Medicinal Mushroom Extracts); Naturalin Bio-Resources Co., Ltd; Nutri Avenue Inc; PURICA; and Sempera Organics.

Polaris Market Research has segmented the mushroom extracts market report on the basis of product, form, application, and region:

By Product Outlook (Revenue - USD Billion, 2020-2034)

§ Chaga Extract
§ Cordyceps Extract
§ Lion's Mane Extract
§ Reishi Extract
§ Shiitake Extract
§ Turkey Tail Extract
§ Others

By Form Outlook (Revenue - USD Billion, 2020-2034)

§ Powder
§ Liquid

By Application Outlook (Revenue - USD Billion, 2020-2034)

§ Cosmetics & Personal Care
§ Dietary Supplements
§ Functional Foods & Beverages
§ Pharmaceuticals

By Regional Outlook (Revenue - USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa

Product Code: PM5340

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Mushroom Extracts Market Insights

4.1. Mushroom Extracts Market - Market Snapshot
4.2. Mushroom Extracts Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Innovative Product Launches
  - 4.2.1.2. Growing Investments to Boost Extraction Process
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Cost of Production
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Mushroom Extracts Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Mushroom Extracts Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
5.3. Chaga Extract
- 5.3.1. Global Mushroom Extracts Market, by Chaga Extract, by Region, 2020-2034 (USD Billion)
5.4. Cordyceps Extract
- 5.4.1. Global Mushroom Extracts Market, by Cordyceps Extract, by Region, 2020-2034 (USD Billion)
5.5. Lion's Mane Extract
- 5.5.1. Global Mushroom Extracts Market, by Lion's Mane Extract, by Region, 2020-2034 (USD Billion)
5.6. Reishi Extract
- 5.6.1. Global Mushroom Extracts Market, by Reishi Extract, by Region, 2020-2034 (USD Billion)
5.7. Shiitake Extract
- 5.7.1. Global Mushroom Extracts Market, by Shiitake Extract, by Region, 2020-2034 (USD Billion)
5.8. Turkey Tail Extract
- 5.8.1. Global Mushroom Extracts Market, by Turkey Tail Extract, by Region, 2020-2034 (USD Billion)
5.9. Others
- 5.9.1. Global Mushroom Extracts Market, by Others, by Region, 2020-2034 (USD Billion)

6. Global Mushroom Extracts Market, by Form

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
6.3. Powder
- 6.3.1. Global Mushroom Extracts Market, by Powder, by Region, 2020-2034 (USD Billion)
6.4. Liquid
- 6.4.1. Global Mushroom Extracts Market, by Liquid, by Region, 2020-2034 (USD Billion)

7. Global Mushroom Extracts Market, by Application

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
7.3. Cosmetics & Personal Care
- 7.3.1. Global Mushroom Extracts Market, by Cosmetics & Personal Care, by Region, 2020-2034 (USD Billion)
7.4. Dietary Supplements
- 7.4.1. Global Mushroom Extracts Market, by Dietary Supplements, by Region, 2020-2034 (USD Billion)
7.5. Functional Foods & Beverages
- 7.5.1. Global Mushroom Extracts Market, by Functional Foods & Beverages, by Region, 2020-2034 (USD Billion)
7.6. Pharmaceuticals
- 7.6.1. Global Mushroom Extracts Market, by Pharmaceuticals, by Region, 2020-2034 (USD Billion)

8. Global Mushroom Extracts Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Mushroom Extracts Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Mushroom Extracts Market - North America
- 8.3.1. North America: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
- 8.3.2. North America: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
- 8.3.3. North America: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.3.4. Mushroom Extracts Market - US
  - 8.3.4.1. US: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.3.4.2. US: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.3.4.3. US: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.3.5. Mushroom Extracts Market - Canada
  - 8.3.5.1. Canada: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
8.4. Mushroom Extracts Market - Europe
- 8.4.1. Europe: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
- 8.4.2. Europe: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
- 8.4.3. Europe: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.4.4. Mushroom Extracts Market - UK
  - 8.4.4.1. UK: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.4.5. Mushroom Extracts Market - France
  - 8.4.5.1. France: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.4.5.2. France: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.4.5.3. France: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.4.6. Mushroom Extracts Market - Germany
  - 8.4.6.1. Germany: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.4.7. Mushroom Extracts Market - Italy
  - 8.4.7.1. Italy: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.4.8. Mushroom Extracts Market - Spain
  - 8.4.8.1. Spain: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.4.9. Mushroom Extracts Market - Netherlands
  - 8.4.9.1. Netherlands: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.4.10. Mushroom Extracts Market - Russia
  - 8.4.10.1. Russia: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.4.11. Mushroom Extracts Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
8.5. Mushroom Extracts Market - Asia Pacific
- 8.5.1. Asia Pacific: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.5.4. Mushroom Extracts Market - China
  - 8.5.4.1. China: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.5.4.2. China: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.5.4.3. China: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.5.5. Mushroom Extracts Market - India
  - 8.5.5.1. India: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.5.5.2. India: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.5.5.3. India: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.5.6. Mushroom Extracts Market - Malaysia
  - 8.5.6.1. Malaysia: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.5.7. Mushroom Extracts Market - Japan
  - 8.5.7.1. Japan: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.5.8. Mushroom Extracts Market - Indonesia
  - 8.5.8.1. Indonesia: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.5.9. Mushroom Extracts Market - South Korea
  - 8.5.9.1. South Korea: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.5.10. Mushroom Extracts Market - Australia
  - 8.5.10.1. Australia: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.5.11. Mushroom Extracts Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
8.6. Mushroom Extracts Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.6.4. Mushroom Extracts Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.6.5. Mushroom Extracts Market - UAE
  - 8.6.5.1. UAE: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.6.6. Mushroom Extracts Market - Israel
  - 8.6.6.1. Israel: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.6.7. Mushroom Extracts Market - South Africa
  - 8.6.7.1. South Africa: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.6.8. Mushroom Extracts Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
8.7. Mushroom Extracts Market - Latin America
- 8.7.1. Latin America: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.7.4. Mushroom Extracts Market - Mexico
  - 8.7.4.1. Mexico: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.7.5. Mushroom Extracts Market - Brazil
  - 8.7.5.1. Brazil: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.7.6. Mushroom Extracts Market - Argentina
  - 8.7.6.1. Argentina: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)
- 8.7.7. Mushroom Extracts Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Mushroom Extracts Market, by Product, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Mushroom Extracts Market, by Form, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Mushroom Extracts Market, by Application, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Applied Food Sciences, Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Bio-Botanica (Bio Answer Holdings Inc.)
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. ETHICAL NATURALS, INC.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Hamilton's Mushrooms
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Integrity Ingredients Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. KAAPA Mushrooms
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Nammex (North American Medicinal Mushroom Extracts)
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Naturalin Bio-Resources Co., Ltd
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Nutri Avenue Inc
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. PURICA
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Sempera Organics
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development