Turkey Tail Mushroom Market (2024 - 2030) Size, Share & Trends Analysis Report By Nature (Organic, Conventional), By Application (Food & Beverages, Dietary Supplements, Pharmaceuticals), By Region, And Segment Forecasts

Turkey Tail Mushroom Market Size & Trends

The turkey tail mushroom market size was estimated at USD 2.88 billion in 2023 and is expected to grow at a CAGR of 10.3% from 2024 to 2030. One of the primary market growth drivers is the increasing consumer focus on health and wellness. Turkey tail mushrooms are rich in polysaccharides, particularly polysaccharopeptide (PSP) and polysaccharide-K (PSK), which are known to boost the immune system. With the rising incidence of chronic diseases and a growing awareness of preventive healthcare, consumers are increasingly seeking natural and organic supplements to enhance their overall health. This has led to a surge in demand for turkey tail mushroom products, particularly in the form of dietary supplements, teas, and extracts.

The functional foods and beverages market has been expanding rapidly, driven by the growing awareness of the role of diet in health. Turkey tail mushrooms are being incorporated into a variety of functional food products, including health drinks, smoothies, and snack bars. Their potential to improve gut health and support the immune system makes them an attractive ingredient for manufacturers looking to capitalize on the health-conscious consumer market.

Turkey tail mushrooms are rich in bioactive compounds such as beta-glucans, which are known to enhance immune function. Studies have shown that beta-glucans can stimulate the activity of natural killer cells and macrophages, which play crucial roles in defending the body against pathogens and abnormal cells. Additionally, turkey tail mushrooms contain prebiotics that promote gut health by nourishing beneficial gut bacteria. The rapid expansion of the functional foods and beverages market presents a significant opportunity for turkey tail mushroom products. With their proven health benefits and growing consumer interest, turkey tail mushrooms are well-positioned to become a staple ingredient in the diets of health-conscious consumers.

Nature Insights

The conventional turkey tail mushroom market segment accounted for a revenue share of 86.0% in 2023. Conventional turkey tail mushrooms benefit from well-established supply chains that have been developed over the years. These supply chains ensure efficient distribution and availability in various markets worldwide. The existing infrastructure for conventional mushrooms makes it easier for producers to reach a wide audience, maintaining their market dominance.

The organic turkey tail mushroom market segment is expected to grow at a CAGR of 9.4% from 2024 to 2030. The perceived safety and purity of organic products are significant factors contributing to the higher growth rate of organic turkey tail mushrooms. Organic certification ensures that the mushrooms are free from harmful chemicals and synthetic additives. This assurance is crucial for consumers who are wary of potential health risks associated with conventional agricultural practices. The demand for organic products is particularly strong among parents, elderly consumers, and individuals with health conditions who are more cautious about the quality and safety of their food.

Application Insights

Turkey tail mushrooms in the food & beverages industry accounted for a revenue share of 41.5% in 2023. There is a growing trend towards functional foods that have a positive effect on health beyond basic nutrition. Turkey tail mushrooms fit well into this category, as they offer various health benefits and can be incorporated into a wide range of products. Turkey tail mushrooms are packed with bioactive compounds, particularly polysaccharopeptides (PSP) and polysaccharide-K (PSK). These compounds have been shown to have immune-boosting, anti-inflammatory, and antioxidant properties. These mushrooms contain prebiotic fibers that promote the growth of beneficial gut bacteria. A healthy gut microbiome is essential for overall health, including proper digestion, nutrient absorption, and a robust immune system. Functional foods containing turkey tail mushrooms can help maintain a balanced gut microbiome.

The demand for turkey tail mushrooms in the dietary supplements industry is expected to grow at a CAGR of 11.5% from 2024 to 2030. The demand for turkey tail mushrooms in the dietary supplements market has been experiencing significant growth due to a variety of compelling factors. The rising demand for turkey tail mushrooms in the dietary supplements market is driven by their proven health benefits, scientific validation, trends toward natural health solutions, the growth of functional foods and supplements, increased consumer awareness, and the appeal of sustainable and ethical sourcing.

Regional Insights

The North America turkey tail mushroom market accounted for a revenue share of 17.3% in 2023. North America, particularly the United States, has a robust sports and fitness culture deeply ingrained in its society. This culture promotes a high level of awareness and adoption of sports nutrition supplements like creatine among athletes, fitness enthusiasts, and the general population seeking health and performance benefits.The region boasts a strong presence of leading manufacturers, distributors, and retailers specializing in sports nutrition forms. This infrastructure supports extensive form availability and accessibility across various retail channels, including specialty health stores, pharmaceutical platforms, and mainstream retail outlets.

U.S. Turkey Tail Mushroom Market Trends

The turkey tail mushroom market in the U.S. is expected to grow at a CAGR of 11.1% from 2024 to 2030. The market for functional foods and dietary supplements is expanding rapidly in North America. Consumers are seeking out foods and supplements that offer health benefits beyond basic nutrition. Turkey tail mushrooms are being incorporated into a variety of products, including teas, powders, and capsules, making them easily accessible to consumers. The increasing popularity of functional foods and supplements is a key driver of demand for turkey tail mushrooms.

Europe Turkey Tail Mushroom Market Trends

The turkey tail mushroom market in Europe is expected to grow at a CAGR of 10.5% from 2024 to 2030. European consumers are increasingly seeking natural ways to enhance their immune systems. Turkey tail mushrooms are known for their immune-boosting properties due to compounds like polysaccharopeptides (PSP) and polysaccharide-K (PSK), which stimulate immune cells. Increasing scientific research and clinical trials in Europe have highlighted the benefits of turkey tail mushrooms, providing evidence that supports their health claims. This has helped in building consumer trust and driving demand.

APAC Turkey Tail Mushroom Market Trends

The Asia Pacific turkey tail mushroom market is expected to grow at a CAGR of 9.7% from 2024 to 2030. Turkey tail mushrooms have a long history of use in traditional Asian medicine, particularly in countries like China and Japan. Known as Yun Zhi in Chinese medicine, these mushrooms have been used for centuries to boost immune health and treat various ailments. There is a deep-rooted cultural acceptance and trust in the efficacy of mushrooms as medicinal agents. This cultural background supports the adoption of turkey tail mushrooms in contemporary health practices.

Key Turkey Tail Mushroom Company Insights

The is characterized by the presence of numerous well-established players such as Nammex, Aloha Medicinals, Mushroom Science, Oriveda Mushroom Extracts, Terrasoul Superfoods, Om Mushrooms, Hawlik Gesundheitsprodukte GmbH, Nature Empowered, Rooted Active Naturals, and Z Natural Foods. Market players in the turkey tail mushroom industry contend with fierce competition among themselves, particularly those ranked among the top manufacturers with varied form offerings. These companies boast extensive distribution networks that enable them to effectively cater to a broad customer base, spanning both regional and international markets.

Recent Developments

• In February 2024, Nammex, a supplier of mushroom extracts, expanded its cultivation of turkey tail mushrooms in response to an exponential increase in demand. In 2021, the company produced 8,000 kilos of dried mushrooms, which increased to 12,000 kilos in 2022 and 30,000 kilos in 2023.

Turkey Tail Mushroom Market Report Scope

Turkey Tail Mushroom Market Report 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 turkey tail mushroom market report based on nature, application, and region.

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

  • Organic

  • Conventional

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

  • Food & Beverages

  • Dietary Supplements

  • Pharmaceuticals

  • 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

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa