Global Shiitake Extracts Market - Forecast(2023 - 2028)

Global Shiitake Extracts Market size is estimated to reach 412.3 million by 2027, growing at a CAGR of 6.2% during the forecast period 2022-2027. Shiitake is an edible mushroom native to East Asia which is harvested and partaken in numerous East Asian countries. It is regarded as a medicinal mushroom and is used in certain kind of conventional medicine. Shiitake includes polysaccharides (alpha-/beta-homo- and heteroglycans), proteins, nucleic acids, trace minerals, vitamins and provitamins, polyphenolic compounds, and additional secondary plant metabolites. Shiitake has been known in Japan and China as a food and medicine for numerous years. Lentinan was isolated from edible shiitake mushrooms utilized in conventional Asian cooking and herbal medicine. Extracts of these mushrooms are presently being included in over-the-counter dietary supplements planned to enhance the immune system. Shiitake Mushrooms are a superior source of vitamin D and also include potassium. The surging application of Shiitake Mushroom Extract Powder derived from edible mushroom termed Shiitake in Supermarkets and Malls, Fitness Goods Retail Stores, Online Shopping Sites, Restaurants, and Hotels is set to drive the Global Shiitake Extracts Market. The heightened application of shiitake mushroom extract to decrease the blood cholesterol level and minimize the hazard of coronary heart disease is set to propel the growth of the Global Shiitake Extracts Market during the forecast period 2022-2027. 

Global Shiitake Extracts Market Report Coverage

The report: “Global Shiitake Extracts Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Shiitake Extracts Market.

By Type: 20% UV Shiitake Polysaccharides, 30% UV Shiitake Polysaccharides, 50% UV Shiitake Polysaccharides.
By Application: Pharmaceuticals, Cosmetics, Food Additives, Dietary Supplements.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

• Geographically, Asia-Pacific Global Shiitake Extracts Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the expanding vegan population and the surging application of shiitake mushroom extract derived from edible mushroom termed shiitake in cooking in China in the Asia-Pacific region.
• Global Shiitake Extracts Market growth is being driven by the surging application of shiitake mushroom extracts owing to shiitake mushrooms being regarded as “functional food” and being a superior source of vitamins like B Vitamins and vitamin D and minerals like copper, selenium, and manganese. However, Eosinophilia is a blood condition that brings about an abnormal boost in the count of a kind of white blood cells, termed eosinophils, which may be connected with the gastrointestinal symptoms related to shiitake mushroom consumption and this is one of the major factors hampering the growth of Global Shiitake Extracts Market. 
• Global Shiitake Extracts Market Detailed Analysis of the Strength, Weaknesses and Opportunities of the prominent players operating in the market will be provided in the Global Shiitake Extracts Market report. 

Global Shiitake Extracts Market: Market Share (%) by Region, 2021

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Global Shiitake Extracts Market Segment Analysis – By Type:

The Global Shiitake Extracts Market-based on type can be further segmented into 20% UV Shiitake Polysaccharides, 30% UV Shiitake Polysaccharides, and 50% UV Shiitake Polysaccharides. The 20% UV Shiitake Polysaccharides Segment held the largest market share in 2021. This growth is owing to the surging application of shiitake extracts with shiitake being the second most edible mushroom across the globe with shiitake extracts characterizing nutraceuticals which are foodstuffs with positive health advantages. The high quality, economical price and the existence of powerful immune-active ingredients in Shiitake Polysaccharides 20% Uv Shiitake Powder Extract are further propelling the growth of the 20% UV Shiitake Polysaccharides segment.

Furthermore, the 30% UV Shiitake Polysaccharides segment is estimated to grow with the fastest CAGR of 6.5% during the forecast period 2022-2027 owing to the beneficial functions of 30% UV Shiitake Polysaccharides like boosting the immune system, decreasing tumors and safeguarding liver function in conjunction with the role of lentinan being immunomodulatory and antitumor.

Global Shiitake Extracts Market Segment Analysis – By Application:

The Global Shiitake Extracts Market based on application can be further segmented into Pharmaceuticals, Cosmetics, Food Additives and Dietary Supplements. The Dietary Supplements Segment held the largest market share in 2021. This growth is owing to the surging availability and application of shiitake mushroom extract tablets and shiitake mushroom extract capsules including lentinan which may be utilized for boosting the immune system, decreasing blood cholesterol levels and as an anti-aging agent. The extensive application of shiitake extracts as supplements in Chinese medicine in conjunction with the medical traditions of Japan, Korea and Eastern Russia is further propelling the growth of this segment.

Furthermore, the Food Additives segment is estimated to grow with the fastest CAGR of 6.9% during the forecast period 2022-2027 owing to the proliferating application of edible mushroom termed shiitake in both fresh and dried forms for cooking with the dried ones being a little more in demand.

Global Shiitake Extracts Market Segment Analysis – By Geography:

The Global Shiitake Extracts Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. Asia-Pacific held the largest share with 40% of the overall market in 2021. The growth of this region is owing to the heightened intake of shiitake mushroom extracts as dietary supplements in the Asia-Pacific region. The surging application of edible mushroom termed shiitake mushroom conventionally utilized in the preparation of different regional cuisines in the region are further propelling the growth of the Shiitake Extracts Market in the Asia-Pacific region.

Furthermore, the North America region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the dominance of the U.S. with rising opportunities in vegetarian diet involving edible mushroom termed shiitake in the North America region. The greater generation and intake of processed food owing to the proliferating consumer inclination is further fueling the progress of the Global Shiitake Extracts Market in the North American region.

Global Shiitake Extracts Market Drivers

Surging Applications Of Lentinan Are Projected To Drive The Growth Of Global Shiitake Extracts Market:

Shiitake Mushroom Extract is a polysaccharide segregated from the fruit body of shiitake. Lentinan is typically regarded as an antineoplastic agent. Numerous investigations have discovered that lentinan performs very well in improving human immunity. Lentinan includes an abundance of essential amino acids and has been extensively utilized in anti-tumor, anti-infection medications owing to its effectiveness demonstrated in clinical investigations. Researchers have investigated the cellular and health effects of shiitake extracts and segregated shiitake-extracted beta-glucan polysaccharides, principally lentinan, chiefly in preclinical settings. The segregated polysaccharide lentinan from shiitake culture has been utilized intravenously (IV) at doses of 2 to 10 mg on a weekly schedule as adjunctive therapy for HIV and for cancer, principally in Japan. Oral shiitake extract was utilized in a trial for the treatment of prostate cancer at 8 g/day for 6 months. Surging applications of Lentinan are therefore fuelling the growth of the Global Shiitake Extracts Market during the forecast period 2022-2027.

Health Advantages Of Shiitake Extracts Are Expected To Boost The Demand Of Global Shiitake Extracts:

Shiitake mushrooms are regarded as “functional food” and constitute a wonderful source of vitamins, minerals and compounds like B Vitamins, Vitamin D, minerals like copper, selenium, manganese and zinc, fiber, antioxidants like phenolic compounds and plant sterols. Shiitake mushroom extract can thoroughly back a healthy heart by attending to the determinants like keeping up suitable cholesterol levels, balanced blood sugar and maintaining inflammation and blood pressure in check. It can also take part in backing healthy blood sugar in diabetic patients by minimizing injury to pancreatic cells and supporting insulin generation. Shiitake mushroom extract can support the enhancement of immunity. The health advantages of Shiitake Mushroom Extracts are therefore driving the growth of the Global Shiitake Extracts Market during the forecast period 2022-2027.

Global Shiitake Extracts Market Challenges

Side-Effects Of Shiitake Mushrooms Are Hampering The Growth Of The Global Shiitake Extracts Market:

Prior to purchasing shiitake mushroom extract and Japanese mushroom additives, it is most excellent to consult the physician before actually trying out these products owing to the non-requirement of the U.S. Food And Drug Administration (FDA) for these products to be proved secure or effective prior to their sale. Therefore, there is no attestation that what is consumed is secure, includes the constituents it pronounces that it does and generates the effects that it claims. Shiitake mushrooms are also difficult to digest by people who possess an intolerance for them. Typical food intolerance symptoms involve gas, bloating, stomach pain and diarrhoea. These issues are thus hampering the growth of the Global Shiitake Extracts Market.

Global Shiitake Extracts Industry Outlook

Novel product launches, mergers & acquisitions, collaborations, joint ventures and partnerships are key strategies adopted by players in the market. Global Shiitake Extracts top 10 companies include:

1. Nutra Green
2. NAMMEX
3. Xi'an Greena Biotech
4. Source Naturals
5. Biofungi Supplements AG
6. Nikken Foods
7. Xi'an NEO Biotech
8. Tobrand
9. NusaPure
10. Bolise Co. Ltd.

Recent Developments

• In October 2021, subsequent to three years of research and development, Nammex – an organic mushroom extract constituent supplier – has accomplished a breakthrough: Nearly 80 tons of fresh Trametes versicolor, typically recognized as turkey tail, have been harvested for commercial purposes this year. With that, Nammex (https://www.nammex.com/) is the earliest and exclusive firm on the planet to harvest turkey tail on a commercial basis. Nammex averts issues related to wildcrafting by cultivating turkey tail on an enhanced sawdust substrate in an excellent development ambiance.
• In November 2020, Kaapa Biotech introduced the Nordic Mushrooms line. The Finnish firm has endorsed a distribution agreement in North America. In the North American market, the products will be delivered by Nutralliance, and the firm is awaiting partner opportunities in additional markets.
• In March 2020, Ohio Governor, Mike DeWine declared the deferral of the Arnold Fitness Expo happening during the weekend in Columbus Ohio, owing to the coronavirus (COVID-19) pandemic. Owing to the deferral, BulkSupplements.com, a producer of products like Shiitake Mushroom Extract would not be in attendance. The Arnold Fitness EXPO includes more than 200,000 attendees and is the biggest health and fitness exposition in the country.

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