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Liquid Mushroom Market

Market Study on Liquid Mushroom: B2B Sales to Continue Accounting for High Market Growth

Liquid Mushroom Market Segmented By Organic and Conventional Nature with Ganoderma lucidum, Inonotus obliquus, Hericium erinaceus, Lentinula edodes, Trametes versicolor Ingredient Type

Liquid Mushroom Market Outlook (2022-2032)

The global liquid mushroom market is anticipated to expand at a value CAGR of 6% and increase from its current valuation of US$ 7.79 Bn to US$ 13.91 Bn by the end of 2032, which will equate to 47,343 tons.

At present, sales of liquid mushroom account for 2.5% to 3.5% share of the global mushroom market. East Asia is projected to hold more than 25% share of the global market value by 2032.

Report Attribute Details

Liquid Mushroom Market Size (2022E)

US$ 7.79 Bn

Projected Sales of Liquid Mushroom (2032F)

US$ 13.91 Bn

Global Market Growth Rate (2022-2032)


Value Share of Top 5 Countries (2021A)


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Liquid Mushroom Consumption Analysis (2017-2021) Vs. Market Overview (2022-2032)

During the historical period (2017-2021), the liquid mushroom market increased at a value CAGR of 4.5%. Typically, liquid extract is produced by soaking mushrooms or portions of mushrooms in alcohol or water-based solvents to separate the components from the raw material.

An extract in the liquid form is absorbed by the body more quickly than an extract in the powdered form, with absorption beginning in the mouth itself. It is simple to combine into food dishes and add to other food products without the issue of powder clumping.

The quickest approach to enjoy the advantages of full bioavailability is with liquid mushroom. In contrast to powder, liquid mushroom can be taken straight from the bottle or directly into the mouth without needing to shake or mix.

Over the next ten years, worldwide sales of liquid mushroom are predicted to increase at a CAGR of 6%.


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What are the Demand Drivers for the Liquid Mushroom Market?

“World to Witness High Demand for Use in Cosmetics Products”

To incorporate various types of mushrooms for the creation of new cosmetic products, sustainable biotech businesses are collaborating with cosmetic corporations. Given that the usage of mushrooms in skin care is not new–they have been used for ages in Eastern cultures–mushrooms are currently dominating the beauty industry.

Because they can provide a slightly different set of easily absorbed nutrients than other common ingredients such as vitamin C and vitamin E, which help treat many skin problems caused by inflammation and excessive free radical activity, mushroom extracts are widely known for their potent antioxidant properties and as natural moisturizers.

Mushrooms contain various bioactive components such as terpenoids, selenium, phenolic & polyphenolic chemicals, vitamins, polysaccharides, etc. Due to their qualities, both water- and oil-soluble mushroom extracts are utilized in a variety of cosmetics and personal care products. In commercial products, mushroom extracts are utilized for various functional claims such as anti-aging, antioxidant, anti-wrinkle, skin-lightening, moisturizing, anti-acne, and anti-dandruff properties.

  • Murad is providing Invisiblur Perfecting Shield Broad Spectrum SPF 30, including shiitake mushroom extract, as an ingredient that helps fight the visible signs of aging and restore youthful-looking firmness, resilience to the skin, and improves elasticity, along with sun-protection benefits.

“Rising Liquid Mushroom Usage in Nutraceuticals”

Liquid mushroom is an effective way of getting the healthful components from mushrooms without requiring one to frequently eat tons of fresh mushrooms. Mushroom liquid is easily absorbed by the body as compared to capsules and powder. Liquid supplements are absorbed in less than 5 minutes and also provide more nutrients and therapeutic components as they are in the concentrated form.

They have become increasingly popular as a result of the rise in COVID-19-related interest in more holistic health and wellness practices. Active constituents are found in mushrooms, such as dietary fibers, polysaccharides, oligosaccharides, peptides, and proteins, with mineral elements such as copper, zinc, iodine, iron, amino acids, vitamins, etc.

These properties have been found to boost the immune system, increase energy, improve hair, skin, and nail health, have anti-cancer properties, show anti-viral & anti-HIV activity, and reduce the toxic effects of chemo- and radiotherapy.

  • Mahogany Organics Pvt. Ltd. is providing various mushroom liquid products that support a healthy immune system and can be consumed directly from the bottle.

“Increasing R&D on Liquid Mushroom to Provide Growth Opportunities”

Companies are devoting their resources to robust research and development to explore more applications of liquid mushroom. R&D has produced a series of analytical methods that have made it possible to standardize liquid mushroom, and it also helps to be more competitive by innovating new applications, which will enable sustainability in the market.

The advancement of biotechnology to obtain extracts, biocontrol agents, enzymes, nutraceuticals, and molecules with biological activity, and mushroom by-products, has led to ingredient usage in other industries such as cosmetics, chemicals, textiles, pharmaceuticals, paper, etc.

  • Fungi Perfecti, the parent company of Host Defense Mushrooms, has cutting-edge mycological research and innovative mycological solutions to explore, study, preserve, and seek knowledge to utilize the properties of mushrooms.
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Why is Demand for Liquid Mushroom Being Restrained to Some Extent?

“Low Awareness of Mushroom Culture Benefits in Many Regions”

Mushrooms are among the best health-beneficial and nutritional fungi; however, they are consumed by a limited number of countries. Mushroom consumption is mostly concentrated in countries such as the U.S., Germany, U.K., France, Italy, and Canada.

South Asia, Africa, Latin America, and the Middle East are regions that are not well-known for mushroom consumption. This is the result of lack of awareness regarding the health benefits of mushrooms in these regions. Furthermore, these regions contain most of the world’s population.

As a result, lack of awareness regarding the benefits of liquid mushroom is among the strongest restraining factors for the growth of the market.

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Country-wise Insights

Which is the Leading Market for Liquid Mushroom in Europe?

The market for liquid mushroom is predicted to exhibit significant growth in Europe. The U.K accounts for a major share in the region at around 19.6% with the market valued at around US$ 399 Mn in 2022 and projected to reach US$ 836.2 Mn by 2032.

Demand for liquid mushroom is expected to increase rapidly due to an increase in the demand for natural ingredient-based products in the region, and more so in the U.K.

Will Mexico Provide Lucrative Opportunities for Liquid Mushroom Sellers?

Mexico holds the largest volume market share in the Latin America liquid mushroom market, followed by Brazil, due to growing health awareness among consumers about the potential health benefits of the products.

The market share of Mexico in the Latin American region is around 33.5% and the market is expected to reach 1,359 tons by 2032.

Category-wise Insights

Why is Ganoderma Lucidum (Reishi) Mushroom Widely Consumed?

Based on ingredient type, Ganoderma lucidum (Reishi) mushroom is widely utilized and consumed as it contains medicinal properties that help in enhancing health.

The market value share of Ganoderma lucidum (Reishi) is 25.4% in 2022 and the segment is expected to reach a valuation of US$ 3.66 Bn by the end of 2032, in the global market.

Which Sales Channel is Expected to Drive High Market Growth?

Hypermarkets/Supermarkets have the highest growth potential for the forecast period with the segment predicted to expand at a volume CAGR of 6.4%. This is because hypermarkets/supermarkets help reach a higher number of customers across regions.

Competitive Dashboard

Key manufacturers of liquid mushroom are focused on the expansion of their businesses and product innovation to strengthen their position in the global market. To achieve a competitive edge in the global market for liquid mushroom, producers are aiming at gaining various certifications and claims for promoting their products and utilizing different extraction processes to procure the required raw material for the final product.

  • Mycelium India Biotech provides claims of plant-based, non-GMO, gluten-free, and vegan-friendly with high bioavailability, which helps increase the effectiveness of liquid mushroom in the body. It is also utilizing double liquid extract for increasing the concentration of mushrooms in the liquid form.
  • Tyroler Glückspilze utilizes an innovative extraction process that combines the advantage of alcoholic extraction and cold & hot water extraction and is 100% natural, vegan, and free from chemicals & microbial bacterial contamination.
  • Paul E. Stamets and Fungi Perfecti, LLC produces liquid mushroom by double and triple extraction methods; the liquid extract is made from organic mushroom mycelium and fruit bodies.
  • Horbäach promotes its product by ensuring that the product is gluten-free, non-GMO vegetarian, and alcohol-free with super concentrated mushroom liquid, with the commitment to the highest quality. Its ingredients are ethically sourced and follow GMP (good manufacturing practices).

Liquid Mushroom Industry Report Scope



Forecast period


Historical data available for


Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa

Key countries covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Poland
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • South Africa

Key market segments covered

  • Nature
  • Ingredient Type
  • Sales Channel
  • Region

Key companies profiled

  • Tyroler Glückspilze
  • Paul E. Stamets and Fungi Perfecti, LLC,
  • Chongqing Joywin Natural Products Co., Ltd.
  • Natura Mushrooms
  • Mushroom Science.
  • Integrity Ingredients Corporation
  • Amines Biotech Pvt Ltd
  • Horbäach.
  • Catskill Fungi
  • Swanson
  • Planetary Herbals
  • FNG Fungi
  • STL Herbs and Aromatics
  • Elite Ingredients
  • Mahogany Organics Pvt. Ltd.
  • Hawaii Pharma
  • LOOV Organic.
  • Mushroom Mountain

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Liquid Mushroom Industry Research by Category

Liquid Mushroom Market by Nature:

  • Organic Liquid Mushroom
  • Conventional Liquid Mushroom

Liquid Mushroom Market by Ingredient Type:

  • Ganoderma lucidum (Reishi)
  • Inonotus obliquus (Chaga)
  • Hericium erinaceus (Lions Mane)
  • Lentinula edodes (Shiitake)
  • Trametes versicolor (Turkey Tail)
  • Others

Liquid Mushroom Market by Sales Channel:

  • Hypermarkets/Supermarkets
  • Convenience/Drug Stores
  • Specialty Stores
  • Online Retail

Liquid Mushroom Market by Region:

  • North America Liquid Mushroom Market
  • Latin America Liquid Mushroom Market
  • Europe Liquid Mushroom Market
  • South Asia and Pacific Liquid Mushroom Market
  • East Asia Liquid Mushroom Market
  • Middle East & Africa Liquid Mushroom Market

- Companies Covered in This Report -

  • Tyroler Glückspilze
  • Paul E. Stamets and Fungi Perfecti, LLC,
  • Chongqing Joywin Natural Products Co., Ltd.
  • Natura Mushrooms
  • Mushroom Science.
  • Integrity Ingredients Corporation
  • Amines Biotech Pvt Ltd
  • Horbäach.
  • Catskill Fungi
  • Planetary Herbals
  • FNG Fungi
  • STL Herbs and Aromatics
  • Elite Ingredients
  • Mahogany Organics Pvt. Ltd.
  • Hawaii Pharma
  • LOOV Organic.
  • Mushroom Mountain

- Frequently Asked Questions -

The global liquid mushroom market is currently valued at US$ 7.79 Bn.

Incorporation of functional foods as nutritional products, growing consumer inclination toward plant-based ingredients, and several health benefits offered by liquid mushroom are driving market expansion.

Demand for inonotus obliquus (Chaga) liquid mushroom is anticipated to increase at 6.4% CAGR through 2032.

Sales of liquid mushroom in ASEAN countries are expected to surge at 7.2% CAGR over the decade.

From 2017 to 2021, the global market for liquid mushroom expanded at 4.5% CAGR.

Worldwide sales of liquid mushroom are expected to increase at 6% CAGR through 2032.

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