What is Lentinan - Global Market?
Lentinan is a type of polysaccharide that is derived from the Shiitake mushroom, scientifically known as Lentinus edodes. It has been recognized for its medicinal properties, particularly its immune-boosting and anti-cancer effects. The global market for Lentinan has been steadily growing, with a valuation of US$ 10 million in 2022. It is projected to reach US$ 13 million by 2029, growing at a compound annual growth rate (CAGR) of 3.6% from 2023 to 2029.
Food Grade, Pharmaceutical Grade, Other in the Lentinan - Global Market:
The Lentinan market is dominated by several key players, including Panjin Gerun Biotech, Ajinomoto, Acetar Bio-Tech, Golden Horizon Biologics, and Johncan Mushroom Bio-technology. Among these, Panjin Gerun Biotech holds the largest market share, accounting for approximately 13% of the total production. These top five companies collectively hold about 62% of the market share.
Food Additive, Health Product Field, Anti-Cancer Drug, Others in the Lentinan - Global Market:
Lentinan is primarily used in the health product field, which accounts for about 60% of its global consumption. It is known for its immune-enhancing properties, making it a popular ingredient in health supplements and functional foods. The food additive sector is the second largest consumer of Lentinan, holding over 30% of the global market share. Lentinan is used as a food additive due to its ability to enhance flavor and improve the texture of food products.
Lentinan - Global Market Outlook:
The global Lentinan market is expected to continue its steady growth in the coming years, driven by increasing consumer awareness about the health benefits of Lentinan and its growing use in the health product and food additive sectors. However, the market's growth may be hampered by factors such as the high cost of Lentinan and potential regulatory challenges. Despite these challenges, the Lentinan market offers significant opportunities for players in the health product and food additive sectors, among others.
| Report Metric | Details |
| Report Name | Lentinan - Market |
| Forecasted market size in 2029 | US$ 13 million |
| CAGR | 3.6% |
| Forecasted years | 2023 - 2029 |
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| Global Lentinan market, Segment by Type: |
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| Global Lentinan market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
