The present invention relates to a method of fermenting velvet antler (or venison or deer bone) together with a mushroom concentration in order to increase the efficacy thereof, and a fermentation product obtained thereby. In accordance with the present invention, velvet antler is fermented in a state in which it was not concentrated or ground, and the shape thereof is maintained after fermentation. Thus, the loss of velvet antler is insignificant, and the fermented velvet antler has a high efficacy and can be used in various shapes in subsequent processes.本発明は、鹿茸（または、鹿骨、鹿肉など）をキノコ濃縮液と一緒に発酵させてその効能を増大させる方法及び製剤に関する。本発明は、鹿茸を濃縮または粉砕などして発酵するのではなく、そのまま発酵させ、発酵後にも形状が保持されて損失が少なく、効能が高い他、後続する工程において種々の剤形として用いることができる。【選択図】図１
