The Latin America, Middle East and Africa Reishi Mushroom Market would witness market growth of 11.3% CAGR during the forecast period (2022-2028).
Functional beverage ingredients that offer therapeutic and physiological advantages are increasingly in demand. Additionally, there is a rise in the demand for reishi mushrooms as a result of rising consumer spending, increased consumer spending awareness, and increased product awareness & knowledge via marketing. Moreover, people are gravitating towards foods and beverages that are produced sustainably, such as those with recognizable ingredients, streamlined labels, no additives or preservatives, and non-GMO. One of the most important aspects driving the demand for reishi mushroom products is this.
Furthermore, the use of reishi mushroom powder as a component in cosmetics and personal care products has become very popular. This is because it makes an excellent ingredient for cosmetics due to its great anti-aging, antioxidant, anti-wrinkle, skin brightening, and moisturizing benefits. As a result, a number of major corporations are increasingly creating and releasing personal care products with reishi mushroom as a key component. Additionally, one of the key factors that will drive the market in the coming years is the shifting customer preference for eating processed food.
Africa, particularly Nigeria, has a large number of undiscovered mushroom species having unknown health benefits. Due to its unique climatic conditions that involve tropical rainforest in the south as well as sub-Saharan environments in the north, Nigeria is home to a wide variety of mushroom species. The vast majority of individuals consume mushrooms for their nutritional (81.7%) and palatable (93.5%) qualities, while only 15.1% do so for their curative properties, as determined by an ethnomycological survey of mushroom consumption in North Central Nigeria.
The Brazil market dominated the LAMEA Reishi Mushroom Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $87.8 million by 2028. The Argentina market is anticipated to grow at a CAGR of 11.8% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 10.9% during (2022 - 2028).
Based on End Use, the market is segmented into Pharmaceutical, Nutraceutical & Dietary Supplements, Food & Beverages and Cosmetics & Personal Care. Based on Form, the market is segmented into Powder and Liquid. Based on Nature, the market is segmented into Conventional and Organic. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Reishi Mushroom Market is Predict to reach $5.2 Billion by 2028, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hokkaido Reishi Co. Ltd., Alphay International, Inc., Bio-Botanica, Inc., Bristol Botanicals Limited, Ron Teeguarden Enterprises, Inc., DXN Holdings Bhd., Xi'an Greena Biotech Co., Ltd., Nammex, JHS Natural Products, Inc. (Mushroom Science)
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Pharmaceutical, Nutraceutical & Dietary Supplements
- Food & Beverages
- Cosmetics & Personal Care
By Form
By Nature
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Hokkaido Reishi Co. Ltd.
- Alphay International, Inc.
- Bio-Botanica, Inc.
- Bristol Botanicals Limited
- Ron Teeguarden Enterprises, Inc.
- DXN Holdings Bhd.
- Xi'an Greena Biotech Co., Ltd.
- Nammex
- JHS Natural Products, Inc. (Mushroom Science)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Reishi Mushroom Market, by End Use
1.4.2 LAMEA Reishi Mushroom Market, by Form
1.4.3 LAMEA Reishi Mushroom Market, by Nature
1.4.4 LAMEA Reishi Mushroom Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Reishi Mushroom Market by End Use
3.1 LAMEA Pharmaceutical, Nutraceutical & Dietary Supplements Market by Country
3.2 LAMEA Food & Beverages Market by Country
3.3 LAMEA Cosmetics & Personal Care Market by Country
Chapter 4. LAMEA Reishi Mushroom Market by Form
4.1 LAMEA Powder Market by Country
4.2 LAMEA Liquid Market by Country
Chapter 5. LAMEA Reishi Mushroom Market by Nature
5.1 LAMEA Conventional Market by Country
5.2 LAMEA Organic Market by Country
Chapter 6. LAMEA Reishi Mushroom Market by Country
6.1 Brazil Reishi Mushroom Market
6.1.1 Brazil Reishi Mushroom Market by End Use
6.1.2 Brazil Reishi Mushroom Market by Form
6.1.3 Brazil Reishi Mushroom Market by Nature
6.2 Argentina Reishi Mushroom Market
6.2.1 Argentina Reishi Mushroom Market by End Use
6.2.2 Argentina Reishi Mushroom Market by Form
6.2.3 Argentina Reishi Mushroom Market by Nature
6.3 UAE Reishi Mushroom Market
6.3.1 UAE Reishi Mushroom Market by End Use
6.3.2 UAE Reishi Mushroom Market by Form
6.3.3 UAE Reishi Mushroom Market by Nature
6.4 Saudi Arabia Reishi Mushroom Market
6.4.1 Saudi Arabia Reishi Mushroom Market by End Use
6.4.2 Saudi Arabia Reishi Mushroom Market by Form
6.4.3 Saudi Arabia Reishi Mushroom Market by Nature
6.5 South Africa Reishi Mushroom Market
6.5.1 South Africa Reishi Mushroom Market by End Use
6.5.2 South Africa Reishi Mushroom Market by Form
6.5.3 South Africa Reishi Mushroom Market by Nature
6.6 Nigeria Reishi Mushroom Market
6.6.1 Nigeria Reishi Mushroom Market by End Use
6.6.2 Nigeria Reishi Mushroom Market by Form
6.6.3 Nigeria Reishi Mushroom Market by Nature
6.7 Rest of LAMEA Reishi Mushroom Market
6.7.1 Rest of LAMEA Reishi Mushroom Market by End Use
6.7.2 Rest of LAMEA Reishi Mushroom Market by Form
6.7.3 Rest of LAMEA Reishi Mushroom Market by Nature
Chapter 7. Company Profiles
7.1 Hokkaido Reishi Co. Ltd.
7.1.1 Company Overview
7.2 Alphay International, Inc.
7.2.1 Company Overview
7.3 Bio-Botanica, Inc.
7.3.1 Company Overview
7.4 Bristol Botanicals Limited
7.4.1 Company Overview
7.5 Ron Teeguarden Enterprises, Inc.
7.5.1 Company Overview
7.6 DXN Holdings Bhd.
7.6.1 Company Overview
7.7 Xi'an Greena Biotech Co., Ltd.
7.7.1 Company Overview
7.8 JHS Natural Products, Inc. (Mushroom Science)
7.8.1 Company Overview
7.9 Nammex
7.9.1 Company Overview
TABLE 1 LAMEA Reishi Mushroom Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Reishi Mushroom Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Reishi Mushroom Market by End Use, 2018 - 2021, USD Million
TABLE 4 LAMEA Reishi Mushroom Market by End Use, 2022 - 2028, USD Million
TABLE 5 LAMEA Pharmaceutical, Nutraceutical & Dietary Supplements Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Pharmaceutical, Nutraceutical & Dietary Supplements Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Cosmetics & Personal Care Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Cosmetics & Personal Care Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Reishi Mushroom Market by Form, 2018 - 2021, USD Million
TABLE 12 LAMEA Reishi Mushroom Market by Form, 2022 - 2028, USD Million
TABLE 13 LAMEA Powder Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Powder Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Liquid Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Liquid Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Reishi Mushroom Market by Nature, 2018 - 2021, USD Million
TABLE 18 LAMEA Reishi Mushroom Market by Nature, 2022 - 2028, USD Million
TABLE 19 LAMEA Conventional Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Conventional Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Organic Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Organic Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Reishi Mushroom Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Reishi Mushroom Market by Country, 2022 - 2028, USD Million
TABLE 25 Brazil Reishi Mushroom Market, 2018 - 2021, USD Million
TABLE 26 Brazil Reishi Mushroom Market, 2022 - 2028, USD Million
TABLE 27 Brazil Reishi Mushroom Market by End Use, 2018 - 2021, USD Million
TABLE 28 Brazil Reishi Mushroom Market by End Use, 2022 - 2028, USD Million
TABLE 29 Brazil Reishi Mushroom Market by Form, 2018 - 2021, USD Million
TABLE 30 Brazil Reishi Mushroom Market by Form, 2022 - 2028, USD Million
TABLE 31 Brazil Reishi Mushroom Market by Nature, 2018 - 2021, USD Million
TABLE 32 Brazil Reishi Mushroom Market by Nature, 2022 - 2028, USD Million
TABLE 33 Argentina Reishi Mushroom Market, 2018 - 2021, USD Million
TABLE 34 Argentina Reishi Mushroom Market, 2022 - 2028, USD Million
TABLE 35 Argentina Reishi Mushroom Market by End Use, 2018 - 2021, USD Million
TABLE 36 Argentina Reishi Mushroom Market by End Use, 2022 - 2028, USD Million
TABLE 37 Argentina Reishi Mushroom Market by Form, 2018 - 2021, USD Million
TABLE 38 Argentina Reishi Mushroom Market by Form, 2022 - 2028, USD Million
TABLE 39 Argentina Reishi Mushroom Market by Nature, 2018 - 2021, USD Million
TABLE 40 Argentina Reishi Mushroom Market by Nature, 2022 - 2028, USD Million
TABLE 41 UAE Reishi Mushroom Market, 2018 - 2021, USD Million
TABLE 42 UAE Reishi Mushroom Market, 2022 - 2028, USD Million
TABLE 43 UAE Reishi Mushroom Market by End Use, 2018 - 2021, USD Million
TABLE 44 UAE Reishi Mushroom Market by End Use, 2022 - 2028, USD Million
TABLE 45 UAE Reishi Mushroom Market by Form, 2018 - 2021, USD Million
TABLE 46 UAE Reishi Mushroom Market by Form, 2022 - 2028, USD Million
TABLE 47 UAE Reishi Mushroom Market by Nature, 2018 - 2021, USD Million
TABLE 48 UAE Reishi Mushroom Market by Nature, 2022 - 2028, USD Million
TABLE 49 Saudi Arabia Reishi Mushroom Market, 2018 - 2021, USD Million
TABLE 50 Saudi Arabia Reishi Mushroom Market, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Reishi Mushroom Market by End Use, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Reishi Mushroom Market by End Use, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Reishi Mushroom Market by Form, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Reishi Mushroom Market by Form, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Reishi Mushroom Market by Nature, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Reishi Mushroom Market by Nature, 2022 - 2028, USD Million
TABLE 57 South Africa Reishi Mushroom Market, 2018 - 2021, USD Million
TABLE 58 South Africa Reishi Mushroom Market, 2022 - 2028, USD Million
TABLE 59 South Africa Reishi Mushroom Market by End Use, 2018 - 2021, USD Million
TABLE 60 South Africa Reishi Mushroom Market by End Use, 2022 - 2028, USD Million
TABLE 61 South Africa Reishi Mushroom Market by Form, 2018 - 2021, USD Million
TABLE 62 South Africa Reishi Mushroom Market by Form, 2022 - 2028, USD Million
TABLE 63 South Africa Reishi Mushroom Market by Nature, 2018 - 2021, USD Million
TABLE 64 South Africa Reishi Mushroom Market by Nature, 2022 - 2028, USD Million
TABLE 65 Nigeria Reishi Mushroom Market, 2018 - 2021, USD Million
TABLE 66 Nigeria Reishi Mushroom Market, 2022 - 2028, USD Million
TABLE 67 Nigeria Reishi Mushroom Market by End Use, 2018 - 2021, USD Million
TABLE 68 Nigeria Reishi Mushroom Market by End Use, 2022 - 2028, USD Million
TABLE 69 Nigeria Reishi Mushroom Market by Form, 2018 - 2021, USD Million
TABLE 70 Nigeria Reishi Mushroom Market by Form, 2022 - 2028, USD Million
TABLE 71 Nigeria Reishi Mushroom Market by Nature, 2018 - 2021, USD Million
TABLE 72 Nigeria Reishi Mushroom Market by Nature, 2022 - 2028, USD Million
TABLE 73 Rest of LAMEA Reishi Mushroom Market, 2018 - 2021, USD Million
TABLE 74 Rest of LAMEA Reishi Mushroom Market, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Reishi Mushroom Market by End Use, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA Reishi Mushroom Market by End Use, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Reishi Mushroom Market by Form, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Reishi Mushroom Market by Form, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Reishi Mushroom Market by Nature, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Reishi Mushroom Market by Nature, 2022 - 2028, USD Million
TABLE 81 Key Information – Hokkaido Reishi Co. Ltd.
TABLE 82 Key Information – Alphay International, Inc.
TABLE 83 Key Information – Bio-Botanica, Inc.
TABLE 84 Key Information – Bristol Botanicals Limited
TABLE 85 Key Information – Ron Teeguarden Enterprises, Inc.
TABLE 86 Key Information – DXN Holdings Bhd.
TABLE 87 Key Information – Xi'an Greena Biotech Co., Ltd.
TABLE 88 Key Information – JHS Natural Products, Inc.
TABLE 89 Key Information – Nammex
List of Figures
FIG 1 Methodology for the research