Large scale cultivation of macrofungi is possible with fermentation, using easily accessible lignocellulosic agricultural residues applying economical methods to generate substantial biomass, food and biofuels. Bioconversion of lignocellulosic wastes by macrofungi generates value-added fungal nutritional biomass for humans and livestock. Besides commercial cultivation techniques, other topics covered in Advances in Macrofungi: Industrial Avenues and Prospects include: the healing potential of mushrooms, industrial opportunities, mycelium-based products, forest wild mushrooms and industrial applications of white rot fungi. This book reviews the industrial applications and uses of macrofungi. It encourages students and researchers to explore non-conventional sources of nutrition as well as bioactive metabolites to serve as nutraceuticals. It emphasizes the potential of macrofungi as a source of bioactive compounds to remedy human lifestyle diseases especially cancers and cardiovascular ailments along with immunostimulation potential by Cordyceps. This book emphasizes the role of on mushrooms as a source of cosmeceuticals, flavors, essence, scents and perfumes.