Asia-Pacific Functional Mushroom Market Size and Share

Asia-Pacific Functional Mushroom Market (2025 - 2030)
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Asia-Pacific Functional Mushroom Market Analysis by Mordor Intelligence

The Asia-Pacific functional mushroom market size reached USD 6.18 billion in 2025 and is projected to reach USD 9.18 billion by 2030, advancing at an 8.24% CAGR. Demand accelerates as the region blends deep historical use of medicinal fungi with modern nutraceutical science. China’s 75% share of global mushroom output anchors raw-material security, while Japan and Malaysia speed commercialization through clear functional-food rules and biotech tax incentives. Brands extend beyond conventional powders into ready-to-drink lattes, gummies, and skincare serums that solve taste, dosage, and convenience barriers for first-time buyers. Supply-side investments in automated fermentation and CRISPR strain improvement are narrowing the cost gaps for vitamins, positioning fungi as a versatile, plant-based protein and adaptogen source for sports, beauty, and healthy-aging segments.

Key Report Takeaways

  • By type, Reishi led the Asia-Pacific functional mushroom market with a 35.15% share in 2024; Cordyceps is forecast to grow at an 8.95% CAGR through 2030.
  • By nature, conventional products accounted for 70.73% of the Asia-Pacific functional mushroom market size in 2024, while organic variants are expected to expand at a 10.88% CAGR through 2030.
  • By form, powders captured 61.26% of the Asia-Pacific functional mushroom market size in 2024; however, liquid extracts are projected to rise at a 9.77% CAGR through 2030.
  • By application, dietary supplements held a 37.51% share of the Asia-Pacific functional mushroom market in 2024; meanwhile, the personal care and cosmetics segment is projected to advance at a 10.02% CAGR through 2030.
  • By geography, China generated 39.84% of the 2024 revenue and is expected to grow at an 8.84% CAGR through 2030.

Segment Analysis

By Type: Reishi Leads While Cordyceps Accelerates

Reishi retained a 35.15% share of the Asia-Pacific functional mushroom market in 2024, thanks to its 2,000-year history of medicinal use and extensive clinical support. Cordyceps is growing at 8.95% CAGR because endurance athletes prize its ATP-boosting cordycepin. The Asia-Pacific functional mushroom market size for Lion’s Mane cognitive formulas is increasing in aging Japan and South Korea, while Shiitake maintains steady demand for food and broth. Turkey Tail’s PSK enjoys formal cancer-therapy reimbursement in Japan, significantly increasing its value far above the price of supplements. Lesser-known species, such as Tremella and Chaga, collectively hold a nearly 20% share in the beauty and antioxidant niches, according to the Pharmaceuticals and Medical Devices Agency (PMDA), Japan [4]Source: Pharmaceuticals and Medical Devices Agency Japan, “PSK Approval for Cancer Therapy,” PMDA.GO.JP.

Continued multi-species blending signals commoditization of single strains. Regulatory clarity is uneven; cultivated Cordyceps militaris bypasses CITES limits on wild sinensis, supporting a steady supply. Higher-potency extracts and cross-functional positioning in beauty, sports, and immunity help maintain resilient average selling prices, even as volumes grow.

Asia-Pacific Functional Mushroom Market: Market Share by Type
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By Nature: Conventional Scale Meets Organic Momentum

Conventional products accounted for 70.73% of the Asia-Pacific functional mushroom market share in 2024, driven by mega-farms in Fujian and Zhejiang that utilize automated substrate inoculation and fruiting processes. Organic SKUs are scaling at a 10.88% CAGR, driven by concerns over heavy metals and trust marks such as JAS and NASAA. The Asia-Pacific functional mushroom market size for certified organic lines remains constrained by limited clean substrate supply and higher inspection costs.

Governments help: South Korea subsidized 240 organic farms in 2024, and India’s Himalayan regions enjoy natural low-pollution advantages. Brands add blockchain QR codes that link field data to test reports, providing retailers with assurance. As testing costs decline, more mid-tier brands are expected to migrate to organic, although price premiums of 25–35% are likely to persist.

By Form: Powder Dominates, Liquid Innovates

Powders captured 61.26% of the 2024 Asia-Pacific functional mushroom market share because they are inexpensive to fill capsules and blend well into shakes. Liquids are the fastest growing category at 9.77% CAGR, as RTD lattes solve taste barriers. Dual-extracted tinctures demonstrate 30-40% higher beta-glucan absorption than powders, which helps brands justify price points of USD 3-5 per serving, according to American Chemical Society Publications.

Capsules remain popular in Japan and South Korea, where pharmacy shoppers value dosage precision. Gummies appeal to Gen Z snackers and support impulse purchases in convenience stores. Alcohol limits for halal certification in Malaysia and Indonesia cap liquid formats, so spray-dried micro-powders may bridge the gap by matching bioavailability while avoiding ethanol.

Asia-Pacific Functional Mushroom Market: Market Share by Form
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By Application: Supplements Lead, Cosmetics Accelerate

Supplements held a 37.51% share in 2024, thanks to mature MLM and pharmacy networks in China, Malaysia, and Japan. The Asia-Pacific functional mushroom market size for skincare is growing at the fastest rate, with a 10.02% CAGR, as Tremella mimics hyaluronic acid and Shiitake contains kojic acid, which brightens the skin. Food and beverage usage spans instant coffees and protein bars priced for grab-and-go consumers.

Prescription channels continue in Japan, where Turkey Tail PSK is eligible for insurance coverage. Animal feed and crop biostimulants are nascent but promise volume growth by valorizing extraction by-products. Cosmetics enjoy gross margins of 65-75%, underscoring why beauty players are investing in R&D for topical and ingestible forms.

Geography Analysis

China produced 8.9 million tons of mushrooms in 2024 and held 39.84% of regional revenue while expanding at an 8.84% CAGR. Subsidies under the five-year biotech plan fund CRISPR strain work and fermentation lines that are expected to cut Cordyceps costs by 30%, according to the Ministry of Science and Technology (MOST), China[5]Source: Ministry of Science and Technology China, “14th Five-Year Plan for Biotechnology,” MOST.GOV.CN. Domestic e-commerce sales reached 180 million supplement units in 2024, indicating that internal demand now surpasses export volumes. Provincial approval silos remain a hurdle, requiring brands to navigate up to 31 local processes.

Japan commands premium prices through its Foods with Function Claims framework, allowing companies to self-certify clinical data and reach the market quickly. Aging demographics drive Lion’s Mane memory formulations. Hokkaido Reishi supplies 64 export countries, leveraging 60% beta-glucan potency validated by national laboratories, as per the Ministry of Agriculture, Forestry and Fisheries (MAFF), Japan.

India, Australia, South Korea, and Southeast Asia collectively account for roughly 35% of regional value and are posting mixed growth. India’s market grows double-digit as Ayurveda overlaps with fungi science and government training uplifts small farmers. Australia enforces strict complementary-medicine testing, pushing quality over volume. South Korea’s K-beauty wave drives ingestible beauty demand. Southeast Asia faces regulatory fragmentation but rising middle-class incomes push combined sales toward USD 800 million by 2030.

Competitive Landscape

The Asia-Pacific functional mushroom market remains moderately concentrated, with the top five players controlling a 40-45% share. DXN’s 17.1 million members drove USD 383 million in revenue in FY 2024, proving the scale of MLM distribution. Yukiguni Maitake and Hokkaido Reishi specialize in high-potency extracts that meet Japan’s stringent test standards. Naturalin and Lianfeng leverage China’s low-cost cultivation to supply global brands.

Strategic focus spans three themes: deeper penetration of lower-income ASEAN markets, new delivery forms such as gummies and RTD coffees, and organic certification. Disruptors like Four Sigmatic utilize direct-to-consumer channels while showcasing independent test certificates, capturing the attention of health-conscious millennials. Technology adoption divides incumbents and laggards; leaders deploy CRISPR to increase cordycepin output and utilize blockchain QR codes for traceability.

Patent activity surged with 180 mycelium-related filings in 2024; however, enforcement remains uneven outside Japan and China. Switching costs stay high because MLM networks and long-term pharmacy contracts lock in distributors. Premium organic brands now command 15–20% of incremental growth, showing room for challenger brands that marry transparency with niche positioning.

Asia-Pacific Functional Mushroom Industry Leaders

  1. DXN Holdings Berhad

  2. Yukiguni Maitake Co., Ltd.

  3. Hokkaido Reishi Co., Ltd.

  4. Naturalin Bio-Resources Co., Ltd.

  5. Mitoku Company Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Asia Pacific Functional Mushroom Market Concentration
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Recent Industry Developments

  • January 2025: DXN Holdings Berhad has completed the construction of a new Ganoderma cultivation and extraction facility in Telangana, India, with an initial annual capacity of 1,200 metric tons, targeting both domestic consumption and exports to the Middle East. The USD 22 million investment includes automated substrate inoculation systems and spray-drying equipment to produce standardized 30% polysaccharide extracts.
  • November 2024: Hokkaido Reishi has expanded its global distribution network to 64 countries, securing OEM partnerships with 18 international supplement brands that require pharmaceutical-grade Reishi extracts with beta-glucan content exceeding 60%. The company invested approximately USD 5.3 million (JPY 800 million) in third-party testing infrastructure to meet the FSSC 22000 certification requirements.
  • September 2024: DXN Holdings Berhad launched Lion's Mane Coconut Latte and Black Coffee variants in Malaysia's 7-Eleven and FamilyMart networks, achieving sales of 2.4 million sachets in the first quarter at RM 4.50 (USD 0.96) per serving. The RTD format targets urban millennials seeking nootropic alternatives to synthetic caffeine boosters.
  • August 2024: Four Sigmatic expanded its distribution into eight Asia-Pacific markets: China, Hong Kong, India, Japan, Malaysia, Singapore, Thailand, and New Zealand, partnering with regional e-commerce platforms and specialty health food retailers. The company reported 200 million cumulative cups sold globally, with Asia-Pacific accounting for 15% of revenue.

Table of Contents for Asia-Pacific Functional Mushroom Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Demand for immune-boosting mushroom supplements
    • 4.2.2 Rising adoption of adaptogenic ingredients in RTD beverages and coffees
    • 4.2.3 Adoption of mushrooms in plant-based diets
    • 4.2.4 Rise of mushrooms in sports performance nutrition
    • 4.2.5 Popularity of convenient mushroom-infused beverages
    • 4.2.6 Government reseach grants for mycelium biotechnology
  • 4.3 Market Restraints
    • 4.3.1 Fragmented Asia-Pacific regulations on novel foods and health claims
    • 4.3.2 High price premium versus conventional supplements
    • 4.3.3 Raw material supply volatility
    • 4.3.4 Storage and shelf-life limitations of mushroom products
  • 4.4 Supply Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter’s Five Forces
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitute Products
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Type
    • 5.1.1 Reishi
    • 5.1.2 Cordyceps
    • 5.1.3 Lion’s Mane
    • 5.1.4 Shiitake
    • 5.1.5 Turkey Tail
    • 5.1.6 Chaga
    • 5.1.7 Other Types (Maitake, Tremella, Enoki, etc.)
  • 5.2 By Nature
    • 5.2.1 Conventional
    • 5.2.2 Organic
  • 5.3 By Form
    • 5.3.1 Powder
    • 5.3.2 Liquid
    • 5.3.3 Others
  • 5.4 By Application
    • 5.4.1 Dietary Supplements
    • 5.4.2 Food and Beverage
    • 5.4.3 Personal Care and Cosmetics
    • 5.4.4 Pharmaceutical/Clinical
    • 5.4.5 Other Applications
  • 5.5 By Country
    • 5.5.1 China
    • 5.5.2 Japan
    • 5.5.3 India
    • 5.5.4 Australia
    • 5.5.5 South Korea
    • 5.5.6 Philippines
    • 5.5.7 Indonesia
    • 5.5.8 Thailand
    • 5.5.9 Malaysia
    • 5.5.10 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 DXN Holdings Berhad
    • 6.4.2 Hokkaido Reishi Co., Ltd.
    • 6.4.3 Yukiguni Maitake Co., Ltd.
    • 6.4.4 Mitoku Co., Ltd.
    • 6.4.5 Lianfeng (Suizhou) Food Co., Ltd.
    • 6.4.6 Swadeshi Mushrooms Private Limited
    • 6.4.7 White Prince Pty Ltd
    • 6.4.8 Ojas Farms Pvt. Ltd.
    • 6.4.9 VLD Food Products Pvt. Ltd.
    • 6.4.10 Biobrette Agro Solutions Pvt. Ltd.
    • 6.4.11 Naturalin Bio-Resources Co., Ltd.
    • 6.4.12 Nutra Green Biotechnology Co., Ltd.
    • 6.4.13 Xi’an Saina Biological Technology Co., Ltd.
    • 6.4.14 Fungi Perfecti, LLC
    • 6.4.15 Four Sigmatic
    • 6.4.16 Real Mushrooms Inc.
    • 6.4.17 Om Mushroom Superfood
    • 6.4.18 Aloha Medicinals, Inc.
    • 6.4.19 Nammex Mushrooms Inc.
    • 6.4.20 Hokkaido Reishi

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Asia-Pacific Functional Mushroom Market Report Scope

Functional mushrooms are widely acknowledged to have numerous bioactive compounds with functional benefits and tremendous health benefits for the human body, resulting in widespread availability. The Asia-Pacific functional mushroom market (henceforth, referred to as the market studied) is segmented based on product type, application, and geography. The product type is further segmented into Reishi, Cordyceps, Lion's Mane, Turkey Tail, Shiitake, Chaga, and other product types. By application, the market is segmented into food and beverage, dietary supplements, personal care, and pharmaceutical products. Based on country, the market has been segmented into India, China, Japan, Australia, and the Rest of Asia-Pacific. For each segment, the market sizing and forecasts have been done based on value (in USD million).

By Type
Reishi
Cordyceps
Lion’s Mane
Shiitake
Turkey Tail
Chaga
Other Types (Maitake, Tremella, Enoki, etc.)
By Nature
Conventional
Organic
By Form
Powder
Liquid
Others
By Application
Dietary Supplements
Food and Beverage
Personal Care and Cosmetics
Pharmaceutical/Clinical
Other Applications
By Country
China
Japan
India
Australia
South Korea
Philippines
Indonesia
Thailand
Malaysia
Rest of Asia-Pacific
By Type Reishi
Cordyceps
Lion’s Mane
Shiitake
Turkey Tail
Chaga
Other Types (Maitake, Tremella, Enoki, etc.)
By Nature Conventional
Organic
By Form Powder
Liquid
Others
By Application Dietary Supplements
Food and Beverage
Personal Care and Cosmetics
Pharmaceutical/Clinical
Other Applications
By Country China
Japan
India
Australia
South Korea
Philippines
Indonesia
Thailand
Malaysia
Rest of Asia-Pacific
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Key Questions Answered in the Report

How big is the Asia-Pacific functional mushroom market today?

The Asia-Pacific functional mushroom market size reached USD 6.18 billion in 2025.

Which mushroom type dominates present sales?

Reishi leads with 35.15% share thanks to long-standing traditional use and triterpene research support.

Which form is growing fastest?

Liquid extracts, especially RTD coffees and lattes, are advancing at a 9.77% CAGR through 2030.

Why are prices higher than common vitamins?

Slow fermentation, dual extraction, and limited organic substrates push production costs 2–3 times above conventional supplements.

Which country offers the strongest growth outlook?

China pairs the largest production base with rising domestic demand and is forecast at an 8.84% CAGR through 2030.

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