Asia Pacific Chaga Mushroom Market

Asia Pacific Chaga Mushroom Market Size, Share & Industry Trends Analysis Report By Nature, By Form, By End Use (Food & Beverage Industry, Dietary Supplements, Pharmaceuticals and Cosmetics & Personal Care), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-14302 Publication Date: March-2023 Number of Pages: 62
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Market Report Description

The Asia Pacific Chaga Mushroom Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).

Mammalian skin, hair, eyes, ears, and the nervous system all contain melanin. It performs various functions, including antioxidant and UV radiation defense. Strong DNA-protective and antioxidant effects have been examined in vitro and in vivo animal investigations for fungal melanin. The melanin in the black-colored mushroom wood ear protected 80% of mice against a lethal radiation dosage. Chaga has a high melanin content, making it susceptible to the effects of radiation-induced damage in these populations.

Triterpenes Chaga includes a variety of triterpenes, with inotodiol, a triterpenoid found solely in chaga, being the most significant. Antioxidant and immunomodulatory properties of inotodiol have also been shown. Studies on animals and cells have shown the antiviral capabilities of Chaga and its distinctive triterpenes, such as inotodiol. Birch bark is the source of two more noteworthy triterpenes, betulinic acid, and betulin, obtained via chaga. Both betulin and betulinic acid have been shown to have anti-inflammatory, immunomodulatory, and anti-ulcer properties. Betulinic acid is thought to assist the mitochondria in reducing abnormal cell development (the parts in each cells that help with energy production).

South Korea is renowned for its inventiveness, mild ingredients, and attractive packaging. The total export of K-beauty goods and the trade balance have improved by around 16% and 14% from the previous year. According to figures from the Korea Customs Service, the top import category in 2021 remained skincare cosmetics, which accounted for 34.17 percent, or $560 million, of all cosmetic imports. The next-largest import categories were perfumes and fragrances, followed by haircare items. Due to the adoption of western culture, India's color cosmetics sector is one of the fastest expanding. As the younger generation's interest in aesthetics rises, color cosmetics are becoming more widely available in the Indian market. These Factors are driving the market growth in Asia Pacific.

The China market dominated the Asia Pacific Chaga Mushroom Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $110.8 Million by 2028. The Japan market is estimated to grow a CAGR of 6.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.4% during (2022 - 2028).

Based on Nature, the market is segmented into Conventional and Organic. Based on Form, the market is segmented into Powder and Liquid. Based on End Use, the market is segmented into Food & Beverage Industry, Dietary Supplements, Pharmaceuticals and Cosmetics & Personal Care. 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 Chaga Mushroom Market is Projected to reach USD 1.1 Billion by 2028, at a CAGR of 6.9%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Naturalin Bio-Resources Co., Ltd, Xiamen Boten Biological Technology Co., Ltd., Om Mushroom Superfood, Annanda Chaga Mushrooms, Touchwood Mushrooms, Hangzhou Muhua Bio-Tech Co., Ltd, White Mountain Mushrooms, LLC, Baikal Herbs Ltd and Sayan Health, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Nature

  • Conventional
  • Organic

By Form

  • Powder
  • Liquid

By End Use

  • Food & Beverage Industry
  • Dietary Supplements
  • Pharmaceuticals
  • Cosmetics & Personal Care

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Naturalin Bio-Resources Co., Ltd
  • Xiamen Boten Biological Technology Co., Ltd.
  • Om Mushroom Superfood
  • Annanda Chaga Mushrooms
  • Touchwood Mushrooms
  • Hangzhou Muhua Bio-Tech Co., Ltd
  • White Mountain Mushrooms, LLC
  • Baikal Herbs Ltd
  • Sayan Health, Inc.
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