LAMEA 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
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Market Report Description
The Latin America, Middle East and Africa Chaga Mushroom Market would witness market growth of 10.4% CAGR during the forecast period (2022-2028).
Some studies suggest that Chaga extract has some health advantages. The immune system's natural reaction to inflammation may help to avoid becoming sick. Yet, persistent inflammation is related to rheumatoid arthritis and heart disease. Chaga extract may boost immunity by lowering chronic inflammation and thwarting dangerous germs and viruses. Chaga increases white blood cells, which are necessary for warding off hazardous germs or viruses, by encouraging the production of advantageous cytokines, useful proteins that control the immune system.
So, from simple colds to significant diseases, this mushroom may aid in the battle against infections. Moreover, according to other animal and test-tube research, Chaga may inhibit the synthesis of unfavorable cytokines, which cause inflammation and are linked to illness.
Consumer spending on personal appearance in the nation often contributes to developing the cosmetic and perfumes industries there. A few reasons driving the growth include an aging population, a rise in self-conscious consumers, organized retail channel penetration, and rising demand for male grooming products. The Saudi economy's contribution from the cosmetics and personal care sector is expanding dramatically. The country's industry expansion is due to the increased demand for natural or organic, herbal, halal, and goods with creative and eco-friendly package designs. The cosmetic industry's growth, combined with the requirement for vegan or plant-based products in the region, will raise the adoption of Chaga mushrooms in cosmetic products, propelling the market's expansion in LAMEA.
The Brazil market dominated the LAMEA Chaga Mushroom Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20.2 Million by 2028. The Argentina market is experiencing a CAGR of 11% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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 End Use
- Food & Beverage Industry
- Dietary Supplements
- Cosmetics & Personal Care
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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