Mushroom Extracts Market Size Worth USD 33.51 Billion by 2034 | CAGR: 10.0%

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.

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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; KÄÄPÄ 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

Mushroom Extracts Market Report Scope