LAMEA 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 LAMEA Adaptogenic Mushrooms Market
Market Report Description
The Latin America, Middle East and Africa Adaptogenic Mushrooms Market would witness market growth of 12.0% CAGR during the forecast period (2022-2028).
The medicinal properties of functional mushrooms are once again fueling industry expansion. All functional mushrooms work to balance energy levels, boost the immune system, improve digestion, and improve the skin's natural radiance. The market for adaptogenic mushrooms is driven by chemicals, such as antioxidants, that increase blood flow, promote immunity, and provide numerous other benefits.
Consumers have gravitated towards functional foods & beverages, which manufacturers promote as advantageous beyond basic nutrition. These goods promote proper nutrition and lower the chance of contracting an illness.
In addition, manufacturers are adding functional mushrooms, rich in antioxidants and nutritional value. They have many health claims for each, into their product lines to provide low-calorie, high-protein food options. Increasing consumption of functional foods and nutritional supplements fuels the adaptogenic mushroom market's expansion. Customers are gradually gravitating toward functional foods & beverages marketed as having health benefits beyond basic nutrition. These goods promote proper nutrition and lower the chance of contracting an illness.
The emergence of a wide range of products to complement varied skin types and color preferences, the rise in spending power that enables UAE citizens to spend more on their appearance or aesthetics, and rising consumer desires for organic and vegan cosmetic products are all driving forces for the UAE cosmetics industry's expansion. In addition, the increase in female employment is a crucial growth element for the cosmetics sector in the UAE. With skincare creams, lipsticks, eye makeup, nail polishes, powders, lotions, and sprays, the UAE's cosmetics business provides various goods to satisfy various needs. Both customer preferences and the trends in cosmetics are always changing. These aspects are driving the market growth in the regional market.
The Brazil market dominated the LAMEA Adaptogenic Mushrooms Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $315.9 million by 2028. The Argentina market is experiencing a CAGR of 12.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 11.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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