Asia Pacific Adaptogenic Mushrooms Market Size, Share & Industry Trends Analysis Report By Application, By Form (Dried, Processed and Fresh/Whole), By Product (Reishi, Lion's Mane, Turkey Tail, Cordyceps, Chaga), By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Adaptogenic Mushrooms Market
Market Report Description
The Asia Pacific Adaptogenic Mushrooms Market would witness market growth of 10.1% CAGR during the forecast period (2022-2028).
Adaptogens can be a novel pharmaceutical treatment for tension for most individuals who deal with high levels of stress and anxiety. In addition, many clients are abandoning medical and pharmaceutical products because they fail to produce the desired results. This has resulted in a grown usage of adaptogens in the pharmaceutical industry to treat cardiovascular, kidney, and digestive diseases, supporting market expansion.
In recent years, the cosmetics business has increased globally, leading to an increasing need for adaptogens to improve attractiveness & appearance, which would boost product demand further. In addition, 'green beauty' and 'clean beauty' incentivize cosmetic scientists to develop novel formulations employing traditional and regional ingredients like adaptogens.
As a result, manufacturers of cosmetics & beauty products are transitioning away from different cosmetic chemicals or towards natural elements, including natural antioxidants or herbs, which have no adverse side effects. In addition, increased consumer awareness of the importance of acceptable appearances & personal grooming would increase product acceptance in the domestic beauty industry, which is projected to fuel demand for adaptogenic mushrooms.
The organic food sector in India is an emerging market that will likely experience increased penetration in the future. In the coming years, the demand for organic food will increase due to the increasing prevalence of food adulteration. The expansion of the e-commerce industry is also beneficial to businesses as a means of attracting potential customers, thanks to the platforms' broader market penetration and more enticing offers. Also, corporations are opening modest kiosks in the malls of large metropolitan areas, contributing to the sector's expansion. The most popular organic products are tea, milk, and legumes. These aspects are estimated to increase the use of adaptogenic mushrooms in producing various products, consequently driving regional market expansion.
The China market dominated the Asia Pacific Adaptogenic Mushrooms Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,430.6 million by 2028. The Japan market is estimated to grow a CAGR of 9.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 10.8% during (2022 - 2028).
Based on Application, the market is segmented into Stress & Anxiety Relief, Insomnia Treatment, Immunity Booster, Coginitive, Brain Support & Mental Health Support and Others. Based on Form, the market is segmented into Dried, Processed and Fresh/Whole. Based on Product, the market is segmented into Reishi, Lion's Mane, Turkey Tail, Cordyceps, Chaga and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Adaptogenic Mushrooms Market is Projected to reach USD 20.1 Billion by 2028, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fungi Perfecti LLC, Sun Potion, Om Mushroom Superfood, Four Sigmatic, Real Mushrooms, Terrasoul Superfoods, JHS Natural Products, Inc. (Mushroom Science), Nammex, Bristol Botanicals Limited, and Annanda Chaga Mushrooms.
Scope of the Study
Market Segments Covered in the Report:
- Stress & Anxiety Relief
- Insomnia Treatment
- Immunity Booster
- Coginitive, Brain Support & Mental Health Support
- Lion's Mane
- Turkey Tail
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Fungi Perfecti LLC
- Sun Potion
- Om Mushroom Superfood
- Four Sigmatic
- Real Mushrooms
- Terrasoul Superfoods
- JHS Natural Products, Inc. (Mushroom Science)
- Bristol Botanicals Limited
- Annanda Chaga Mushrooms
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