Global Mushroom Powder Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.21% during the forecast period that is 2017-2025. Mushroom Powder is the powdery extract manufactured from a wide variety of mushroom species. Dual extraction is a latest extraction technique used by companies to manufacture mushroom powder, by using both hot water as well as alcohol. The demand for mushroom powder is witnessing significant rise owing to its increased use in preparation of nutritive food products, drugs and cosmetics.

Global Mushroom Powder Market Size, Share Analysis By Region 2017

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global mushroom powder market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global mushroom powder market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Market Dynamics

Mushroom powder market is gaining traction due to increased awareness of consumers towards the health benefits associated with consumption of mushroom powder, as well as its importance in enhancing the taste of regular food like omelets, veggie dishes and soups. The increased research and development activities on medicinal use of mushroom (Shiitake Mushroom) powder in preparation of drugs to treat diseases like cancer, HIV, and blood sugar is likely to drive the global mushroom powder market during the forecast period. According to National Cancer Institute (NCI US), polysaccharides found in mushroom species like Lentinus edodes and Agaricus bisporus  can produce anti-tumor effects by activating different immune responses in host. However, the growth of mushroom powder market can be restrained by the allergic side-effects shown by some species of mushroom. The unawareness towards health benefits of mushroom powder can also restrict its growth worldwide.

Segment Analysis

By Source of Extraction Insights: White button mushroom (Agaricus bisporus) is the most cultivated type of mushroom and it is a major source for the production of mushroom powders. Out of all the cultivated species of mushrooms, white button mushrooms account for 38% of total cultivated mushroom. The use of white mushroom powder in the treatment of prostate cancer has also been anticipated to escalate the growth of mushroom powder market. According to a report published by NCBI in September 2015, a phase I clinical trial of mushroom powder in patients with recurrent prostate cancer showed positive results on patients, as it helped in reducing Prostate-Specific Antigen (PSA) level in patients.

By End-use Industry Analysis: Mushroom powder market, at present, is highly driven by food and beverages industry, as mushroom powder contains high amount of protein, vitamin, phosphorous, potassium and other nutritional elements. The use of mushroom powder due to its anti-oxidant and immunity-boosting properties has encouraged companies like Four Sigmatic, a US based superfood manufacturer, to manufacture mushroom-induced coffee and chocolates. Additionally, launch of new products infused with mushroom powder is also playing a key driving factor such as the launch of product like “Mushroom Masala” (mushroom spice), by Tasty Bite. The increased use of mushroom powder in preparation of cosmetics such as anti-ageing cream and moisturizing lotion, is also expected to boost the mushroom powder market in forthcoming years. Cosmetics giants like Sephora and Amore Pacific are already using mushroom extracts in their best-selling products like Waso moisturizing jelly and Amore Pacific age defense cream.

By Distribution Channel Analysis: On the basis of distribution channel, mushroom powder market is widely divided into supermarkets, hypermarkets, online stores, etc. The online channel continues to remain the fastest growing segment with presence of key players such as Alibaba and Amazon offering customers with a wider choice along ease of purchase, coupled with discounted offers. Alibaba is giving consumers with budget-friendly mushroom powder purchasing options, as it has mushroom powder extracts produced and marketed by various companies such as Xi’an Arisun ChemPharm Company Limited and Bioway Organic Ingredients Company Limited, that range between $5-$50 per kg.

Region Analysis

The global mushroom powder market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.  Asia Pacific is expected to hold a major share in the global mushroom powder market followed by Europe and North America. According to World Society for Mushroom Biology and Mushroom Products, China is the major producer of mushroom and mushroom extracted products. The growing consciousness towards benefits of consumption of organic and healthy food in Asian countries like China and India is also expected to boost the mushroom powder market in the region. According to the Research Institute of Organic Agriculture (FiBL), in 2015, India was the country with highest number (585,200) of organic food producers. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.    

Key Players Landscape

Major players operating in the global mushroom powder market include Rejuva, Naturealm, Donnguan Meiherb Biotech Company Limited, Happy Wholefoods, DailyNutra, Four Sigmatic, BioFinest, Pure Green, Activa Naturals, Woodland Foods, Sayan Chaga and VitaJing. In December 2017, Whole Foods produced a list of hottest food trends, in which “mushroom-infused coffee” was one of the items.

Global Mushroom Powder Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.