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September 2025
The global medicinal mushrooms market size reached at USD 9.33 billion in 2024 and is expected to grow steadily from USD 10.48 billion in 2025 to reach nearly USD 29.90 billion by 2034, with a CAGR of 12.35% during the forecast period from 2025 to 2034. The growth of the market is driven by the growing health awareness, which is increasing the use of medicinal mushrooms as natural alternatives to improve health conditions in the form of preventive medicine and immune system support.
| Study Coverage | Details |
| Growth Rate from 2025 to 2034 | CAGR of 12.35% |
| Market Size in 2025 | USD 10.48 Billion |
| Market Size in 2026 | USD 11.78 Billion |
| Market Size by 2034 | USD 29.90 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
The medicinal mushrooms are fungi that consist of health-promoting properties. They were used in traditional medicine to offer a variety of health benefits. They are available in different forms such as powder, capsules, tablets, extracts, whole, and dried form. A wide range of pharmacological activities, such as antibacterial, antidiabetic, antiallergic, antihyperlipidemic, antifungal, antidepressant, anti-inflammatory, antiviral, antioxidative, hypotensive, immunomodulating, osteoprotective, digestive, neuroprotective, hepatoprotective, and nephroprotective activities are provided by them.
Their demand is increasing for dietary supplements, functional food & beverages, personal care, and pharmaceuticals. Moreover, the growing health awareness and its increasing applications are driving the market growth.
There is a rise in the shift toward the use of plat-based remedies. This, in turn, is increasing the use of medicinal mushrooms for the development of new medicinal products. Therefore, they are being used as nutraceuticals to provide consumers with a variety of health benefits. Different types of products are being developed by combining the mushrooms. They are also being combined with certain vitamins and probiotics to enhance their effect. Additionally, multiple dosage forms are also being developed to increase their absorption rates. At the same time, the industries are also developing personalized nutraceuticals, especially for the geriatric population and athletes. Moreover, their accessibility is also increasing due to growing online platforms. Thus, this promotes the market growth.
Due to a lack of scientific evidence, the medicinal mushrooms are not often the first choice of drug. Most of the healthcare systems leverage drugs that are approved and backed by clinical trial results. The lack of the same decreases their use by the healthcare providers. This, in turn, increases their use as supplements rather than specific drugs. Similarly, the lack of quality control affects the mushroom product being developed. This increases the risk of contamination of the products. Thus, the lack of scientific evidence and quality control limits their production rates, as well as their use.
Asia Pacific Dominated the Medicinal Mushrooms Market in 2024.
The medicinal mushrooms were used as traditional medicine in the Asia Pacific. Different types of mushrooms were used for the treatment of a variety of disease conditions. This, in turn, increased their use as natural supplements. At the same time, the diverse climate also enhanced their cultivation. Moreover, the presence of well-developed infrastructure is enhancing their harvesting as well as production. This, in turn, increased the exportation of the medicinal mushrooms in a variety of forms. The growing research and development in the industries and institutes are also increasing their use to discover new applications or dosage forms. These studies are further supported by the government investments or funding. Thus, this contributed to the market growth.
China dominates the medicinal mushrooms market. This is because China has been using medicinal mushrooms as a traditional Chinese medicine for thousands of years. At the same time, it also contributed as the largest mushroom producer, encompassing a variety of mushrooms. The mushrooms were used as whole, powdered, as tinctures, or processed. They were also recommended as a functional food to improve health. Moreover, they are also being used in teas and beverages due to growing health awareness. Their research and development were further supported by the government incentives. Furthermore, the industries are focusing on using them as cancer supplements.
North America Expected to Show the Fastest Growth Rate During the Predicted Time.
The growing health awareness in North America is increasing the demand for medicinal mushrooms. They are being used to improve gut health, immunity, and cognitive health. They are also being used as adaptogens to deal with the growing stress-related problems. This, in turn, is increasing their development of medicinal mushroom-based supplements, food, and beverages. At the same time, they are also being used in cosmetic applications in the form of creams. Moreover, the growing shift toward the use of natural products is increasing their use in nutraceuticals as well as to development of organic products. Thus, this enhances the market growth.
How Reishi (Ganoderma lucidum) Segment Dominated the Medicinal Mushrooms Market in 2024?
The Reishi (Ganoderma lucidum) segment led the market in 2024. Its use increased due to its wide range of health benefits. The Reishi was used as traditional medicine for immune system modulation and to enhance liver and cardiovascular health. At the same time, it was also used widely due to its antioxidants, anti-inflammatory, and adaptogenic effects. Due to this wide range of applications, it was also known as the “Mushroom of Immortality”. Moreover, it is also one of the most studied and researched mushrooms, which in turn promotes its use as well as increases its acceptance rate due to scientific support. Thus, all these factors, along with their enhanced availability, contributed to market growth.
The Cordyceps Segment is Expected to Show the Fastest Growth Rate During the Upcoming Years.
Codyceps offer different types of applications, such as helping in enhancing oxygen utilization and ATP production. This, in turn, helps in increasing the energy of the body, which in turn increases its use among athletes. Moreover, as it is a natural product, its use is being considered rather than the use of stimulants. At the same time, research and development are also being conducted to promote its use as an anti-fatigue formulation and an immune support capsule. Furthermore, they are also focusing on the development of medications for treating lung and kidney conditions.
What Made Powder the Dominant Segment in the Medicinal Mushrooms Market in 2024?
The powder segment held the largest share of the medicinal mushrooms market in 2024. It was the most used form, as it was easy to incorporate. This, in turn, increased its use in tea, coffee, tablets, capsules, etc. This attracted the consumers, which in turn increased their acceptance rate. At the same time, it also minimized the chances of contamination, as it was dehydrated due to no moisture retention. This increased their shelf life, as well as minimized the need for specialized storage and transport facilities. This, in turn, increased their production rates to provide them as protein powders. They were also used as a function food.
The Capsules/Tablets Segment is Expected to Show the Highest Growth During the Predicted Time.
The use of capsules and tablets is increasing due to their convenience and accurate dosing. They help in eliminating the need to measure the dose before their use. They also help in making the unpleasant taste of certain medical mushrooms, which enhances their palatability and consumers' acceptance rates. The companies are also increasing the development of capsules and tablets to offer new applications and targeted action products. Moreover, due to their growing use, their availability is also increasing through online platforms.
Why did the Immune Support Segment Dominate in the Medicinal Mushrooms Market in 2024?
The immune support segment led the medicinal mushrooms market in 2024. A variety of medicinal mushrooms consisted of bioactive compounds that were rich with the presence of immunomodulatory components. They help in improving the immune response or their properties. The stress and inflammation were also modulated by their action. This, in turn, increased their use in different types of diseases to boost immune responses. Moreover, as a natural alternative, their use is increasing as preventive medications. Furthermore, their adaptogenic property also increases their use to enhance immune health. Thus, this enhanced the market growth.
The Cognitive Health Segment is Expected to Show the Fastest Growth Rate During the Upcoming Years.
Due to growing cognitive health problems, the demand for natural remedies to improve these conditions is increasing. This, in turn, is increasing the use of medicinal mushrooms due to their nootropic effects, which help in enhancing brain functions. Moreover, compounds such as Lion’s Mane help in stimulating the nerve growth factor to enhance neuron growth. This, in turn, is increasing the research and development of the mushroom by focusing on the development of products to improve mental clarity, memory retention, as well as for neurodegenerative diseases.
Which Application Type Segment Held the Dominating Share of the Medicinal Mushrooms Market in 2024?
The dietary supplements segment held the dominating share of the medicinal mushrooms market in 2024. There is a rise in the demand for natural products for improving various health conditions. This, in turn, increases the use of medicinal mushrooms as they provide a wide range of health benefits. Therefore, the medicinal mushrooms are being used as dietary supplements to boost immunity, energy, cognitive health, etc. At the same time, to offer the consumer convenience, they are being formulated in the form of tablets or capsules. Moreover, different types of medical mushroom blends are also being used, which in turn are attracting consumers. Thus, the growing adoption rates are increasing their production as well.
The Pharmaceuticals Segment is Expected to Show the Highest Growth During the Predicted Time.
Due to the growing application of medicinal mushrooms, there is a growth in the development of various pharmaceutical formulations for the treatment of various diseases. At the same time, the industries as well as the institutes are increasingly contributing to the research and development of these products, particularly for neurodegenerative diseases, cancer, or other chronic diseases. Moreover, the show low toxicity and side effects, their use is increasing. At the same time, multitarget products are also being developed. Thus, this is promoting the market growth.
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September 2025
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