Mushroom Cosmetics Market Size Worth $ 2.98 Billion By 2032 | CAGR: 5.1%

The global mushroom cosmetics market size is expected to reach USD 2.98 billion by 2032, according to a new study by Polaris Market Research. The report “Mushroom Cosmetics Market Share, Size, Trends, Industry Analysis Report, By Product (Skin Care, Hair Care), By Price Range, By Distribution Channel (Hypermarkets & supermarkets, Specialty stores, Online, Others), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The heightened interest in incorporating mushrooms into skincare products stems from their noteworthy antioxidant, hydrating, & anti-inflammatory properties. Consumers are increasingly conscious of the advantages offered by natural and organic skincare items, which is propelling the growth of this market. Mushrooms contain specific compounds like beta-glucans, triterpenes, & polyphenols, making them attractive ingredients for skincare formulations. These compounds contribute to addressing a variety of skin conditions, driving their inclusion in skincare products.

Reishi mushrooms are recognized for their positive effects on hair health, attributed to compounds that can alleviate symptoms of alopecia areata, fortify hair follicles, and enhance blood circulation to the scalp. As a result, there is an increasing demand for hair care products infused with mushrooms, particularly reishi. Consumers seek these products to harness the specific benefits of mushrooms, aiming to improve overall hair health and address concerns such as hair loss and various scalp conditions. The popularity of mushroom-based hair care products reflects a growing preference for natural and holistic solutions in the beauty and personal care industry.

As per a consumer survey conducted by NCSolutions in June 2021, a notable 38% of American consumers indicated their inclination to elevate their procurement of beauty products through physical stores rather than online. This trend underscores the preference for acquiring beauty and personal care items, including mushroom cosmetics, from specialty stores. This consumer behaviour is contributing to the increased sales of mushroom cosmetics through specialty retail outlets.

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The market is experiencing growth due to advancements in extraction methods and the incorporation of fungi-based ingredients into beauty formulations and cosmetics. There is an increasing demand for natural and effective ingredients in skincare products, driven by the rising prevalence of skin issues such as acne, eczema, & aging-related concerns. A recent study published in Clinical & Experimental Allergy in February 2023 highlighted a current 6% prevalence of eczema symptoms among children and adolescents, with a noticeable increase over the past decade. This surge in skin-related concerns is expected to boost the demand for mushroom cosmetics, particularly those featuring functional mushrooms like tremella, chaga, & reishi, renowned for their moisturizing properties.

Mushroom Cosmetics Market Report Highlights

• Skin care segment accounted for the largest share, due to rise in skin related diseases and increasing use in many formulations
• Low price range segment will grow rapidly, primarily to entertain mass population in developing nations having low disposable income
• Asia Pacific is expected to grow at the faster rate, primarily due huge population seeking hair care products
• The key market players include Gnome Wellness, Groh Beauty Corp, Herbivore Botanicals, MÁDARA Cosmetics, Neon Hippie, Shroom Skincare & The Switch Fix

Polaris Market Research has segmented the mushroom cosmetics market report based on product, price range, distribution channel and region:

Mushroom Cosmetics, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Skin care
  • Face serums
  • Face creams & moisturizers
  • Cleansers
  • Body lotions
  • Others
• Hair care
  • Shampoo
  • Hair conditioner & masks
  • Hair serum & gels
  • Others

Mushroom Cosmetics, Price Range Outlook (Revenue - USD Billion, 2019 - 2032)

• Low (< $20)
• Medium ($21 to $70)
• High (> $70)

Mushroom Cosmetics, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Hypermarkets & supermarkets
• Specialty stores
• Online
• Others

Mushroom Cosmetics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Mushroom Cosmetics Market Report Scope