Reishi Mushroom Market Size, Share & Trends Analysis Report By Nature (Organic, Conventional), By Application (Pharmaceutical, Dietary Supplements, Cosmetics), By Region, And Segment Forecasts, 2024 - 2030

Reishi Mushroom Market Size & Trends

The global reishi mushroom market size was estimated at USD 6.24 billion in 2023 and is expected to grow at a CAGR of 12.0% from 2024 to 2030. Reishi mushrooms are believed to boost the immune system by enhancing the activity of white blood cells. They contain compounds that have anti-inflammatory effects, which can help in managing conditions such as arthritis.

They are known for their adaptogenic properties, which help the body adapt to stress and restore balance. Reishi mushroom tea and liquid extracts are common, often combined with other herbs for enhanced effects. Reishi mushrooms have a long history of use in traditional Chinese and Japanese medicine, contributing to their enduring popularity. In recent years, there has been a resurgence of interest in natural and alternative medicines, leading to increased popularity of Reishi mushrooms in the wellness community.  

Reishi mushrooms are highly valued for their medicinal properties, including immune system support, anti-inflammatory effects, and potential anti-cancer properties. These benefits make them a popular ingredient in pharmaceutical products. Reishi mushrooms are incorporated into various pharmaceutical formulations, such as capsules, tablets, and extracts, designed to provide targeted health benefits.  Several research organizations are undertaking programs to integrate Reishi mushrooms into medications aimed at combating cancers and tumors. In July 2022, the Minnesota Cancer Clinical Trials Network (MNCCTN) is pleased to announce the funding of a research study titled "Reishi mushroom for the treatment of Aromatase inhibitor-associated toxicities: A double-blind, randomized phase 2 trial," under the 2022-2023 MNCCTN Grant Program.

Moreover there has been a notable shift in dietary and lifestyle patterns worldwide. Urbanization and consumerism have raised awareness of lifestyle disorders, leading to a surge in the consumption of synthetic food products. As a result, consumers are increasingly turning to functional foods and beverages, which are marketed for their benefits beyond basic nutrition. These products provide high nutritional value and reduce the risk of illness.

A significant factor contributing to the growth of the reishi mushroom market is the increasing consumer interest in natural and holistic health solutions. As people become more aware of the potential health benefits of Reishi mushrooms, such as immune support, stress reduction, and anti-inflammatory properties, the demand for these products has risen. This trend is further supported by a growing body of scientific research, which highlights the potential therapeutic effects of reishi mushrooms, encouraging more consumers to incorporate them into their wellness routines.

Regulations are essential in shaping the functional mushroom supplements market, affecting multiple industry facets. One significant impact is the establishment of quality and safety standards, which ensure that products meet specific criteria and protect consumer health and confidence. Strict regulations on labeling and marketing claims promote transparent information dissemination, preventing misleading practices and providing consumers with accurate product details. Adherence to Good Manufacturing Practices (GMP) is crucial for maintaining consistent product quality, fostering trust and reliability. Where required, product registration and approval processes highlight safety and efficacy evaluations before market entry. International trade and market access are also shaped by varying regulatory landscapes, requiring compliance with diverse standards.

Nature Insights

Conventional Reishi mushroom market accounted for a revenue share of 67.00% in 2023. Conventional farming methods allow for large-scale production of Reishi mushrooms, making them more widely available to meet global demand. Conventional cultivation can often ensure a steady supply of Reishi mushrooms throughout the year, regardless of seasonal variations. Conventional farming techniques often involve the use of synthetic fertilizers and pesticides, which can lower production costs and increase yields compared to organic methods. Conventional Reishi mushrooms have a long-standing presence in the market, with established consumer bases and trusted brands.

Organic Reishi mushroom market is expected to witness a CAGR of 13.0% during 2024 to 2030. Increasing awareness about health and wellness is driving consumers to choose organic products, perceived as healthier and safer due to the absence of synthetic chemicals. There is a growing trend towards natural and organic products, especially among health-conscious consumers who prioritize clean and natural ingredients. Organic Reishi mushrooms are grown using sustainable farming practices that avoid synthetic fertilizers and pesticides, appealing to environmentally conscious consumers.

Market participants are forming strategic partnerships and collaborations with suppliers of botanical extracts to introduce organic mushroom extracts that cater to specific health requirements. In December 2022, Ethical Naturals, in partnership with Nammex, launched Mushroom-Plus, a new line of organic mushroom extracts tailored to target specific health needs. These products incorporate organic mushroom extracts sourced from Nammex, blended with additional bioactive ingredients to amplify their health advantages and appeal to consumers. One of the latest formulations introduced is MycoCalm, which combines organic red Reishi with L-Theanine for enhanced wellness benefits.

Application Channel Insights

The usage of Reishi mushroom in dietary supplements sector accounted for revenue share of 41.92% in 2023. Reishi mushrooms are known for their ability to boost the immune system. They contain compounds such as polysaccharides and triterpenoids that enhance the activity of white blood cells, which are crucial for fighting infections and diseases. The anti-inflammatory effects of Reishi mushrooms help in managing chronic inflammation, which is linked to various health conditions like arthritis and cardiovascular diseases.

In August 2022, KaraMD, a health supplement producer based in the U.S., introduced Total Clarity. This product aims to enhance cognitive health, focus, energy, and immunity. Additionally, it is designed to alleviate stress, bolster cardiovascular health, and contribute to overall well-being.

The usage of reishi mushroom in cosmetics is expected to grow at a CAGR of 12.3% from 2024 to 2030. Nowadays, consumers are increasingly seeking natural, effective, and sustainable ingredients for their skincare routines. Among the botanical wonders gaining popularity is the reishi mushroom (Ganoderma lucidum), revered for its medicinal properties in traditional Asian medicine. In recent years, the usage of reishi mushroom in cosmetics has emerged as a promising trend, expected to witness the fastest growth in the industry. The antioxidants in reishi help protect against free radical damage, a major contributor to skin aging. By neutralizing these harmful molecules, reishi can help prevent wrinkles, fine lines, and age spots.

For instance, in January 2023, Shroomboom in cosmetics and skincare introduced new fungi applications. It introduced Shroom Skincare's antioxidant-rich serum, which features a blend of trending mushroom extracts, including maitake, chaga, reishi, and cordyceps, combined with the brightening benefits of vitamin C. This unique formulation offers a multitude of skin-nourishing advantages, such as protection against environmental stressors, reduction of inflammation, support for the skin's natural defenses, and improvement in the appearance of aging and uneven skin tone.

Regional Insights

North America Reishi mushroom market

In 2023, the Reishi mushroom market in North America captured a revenue share of 17.29%. Innovative product formulations have made functional mushrooms more appealing and accessible to a broader audience. Busy professionals, fitness enthusiasts, and health-conscious individuals can easily find products that fit their lifestyle and preferences. Functional mushroom products are widely available in health food stores, supermarkets, and online platforms. This extensive distribution network has contributed significantly to market growth by making these products readily accessible to consumers across North America.

U.S. Reishi Mushroom Market

The reishi mushroom market in the U.S. accounted for a notable revenue share in 2023. The U.S. market is regulated to ensure the quality and safety of dietary supplements. Products must comply with Good Manufacturing Practices (GMP) and other regulatory standards, which helps build consumer trust. Strict regulations govern the labeling and health claims of dietary supplements, ensuring that consumers receive accurate information about the benefits and usage of reishi mushroom products.

In 2023, reishi mushroom market in Europe is anticipated to grow with a CAGR of 12.2% during 2024 to 2030. European consumers are increasingly focused on maintaining their health and wellness, leading to a higher demand for natural and functional foods. Reishi mushrooms, known for their numerous health benefits, fit well into this trend. There is a strong movement towards holistic and preventive healthcare in Europe. Consumers are seeking natural supplements such as reishi mushrooms to prevent diseases and enhance overall well-being.

Asia Pacific reishi mushroom market is expected to grow with a CAGR of 12.1% during 2024 to 2030. Increasing health consciousness among consumers in the Asia Pacific region drives demand for natural health supplements, including reishi mushrooms, known for their immune-boosting and overall wellness properties. There is a significant emphasis on preventive healthcare in Asia, where natural remedies and supplements such as reishi mushrooms are preferred for their potential to prevent diseases and maintain health.

Key Companies & Market Share Insights 

Key market players such as Alphay International Inc., Bio-Botanica, Bristol Botanicals Limited;  DXN Holdings Bhd; Hokkaido Reishi; Mushroom Science; Nammex (North American Medicinal Mushroom Extracts); and  Hokkaido Reishi Co., Ltd. among others contribute significantly to the innovation and growth of the market by utilizing tactics such as forging partnerships, making agreements, and expanding production capacity.

Market players are entering into joint ventures, partnerships, mergers, agreements, and acquisitions to strengthen their market position and expand their geographical reach. Advancements in cultivation, processing, and research are enhancing the availability and effectiveness of reishi mushroom products. Government support, industry collaboration, and regulatory frameworks are ensuring the responsible and sustainable development of this promising natural medicine.

Recent Developments

• In February 2024, REBBL, the pioneering organic and plant-powered beverage brand, launched the latest addition to its Revive lineup - REBBL Revive Reishi Vanilla. Exclusively available at Target stores, this invigorating blend has been meticulously crafted to promote recovery, balance, and immune support. REBBL Revive Reishi Vanilla is made with a nourishing base of coconut milk and infused with the exotic flavors of real Tahitian vanilla.

• In December 2022, biotechnology company MycoWorks announced an exciting partnership with high-end furniture manufacturer Ligne Roset. The collaboration brings MycoWorks' groundbreaking Fine Mycelium material, Reishi, into the realm of luxury home furnishings.

• In March 2022, Lifeway Food, a U.S.-based brand specializing in fermented probiotics, recently introduced three new flavors of adaptogenic mushroom beverages. These beverages feature a blend of 10 active probiotic cultures, oat beta-glucan, and various mushroom extracts including Reishi and Hericium erinaceus.

Reishi Mushroom Market Report Scope

Global Reishi Market Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global reishi mushroom market report based on nature, application, and region:

• Nature Outlook (Revenue, USD Million, 2018 - 2030)

  • Organic

  • Conventional

• Application Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Pharmaceutical

  • Dietary Supplements

  • Cosmetics

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia & New Zealand

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa