North America Chaga Mushroom Market

North America 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-14305 Publication Date: March-2023 Number of Pages: 53
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Market Report Description

The North America Chaga Mushroom Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).

Mushrooms are often consumed due to their outstanding medicinal benefits, which include helping people lose weight, boosting resistance, destroying harmful cells, improving overall nutrition, and promoting a healthy lifestyle. The Chaga mushroom is a member of the Hymenochaetaceae family of organisms. The Chaga mushroom is frequently growing on other types of trees, such as oak, birch, and beech.

Consumers are looking for foods that may have health benefits, which has pushed the desire for solid fixes in various consumable goods. Superoxide Dismutase (SOD), which is thought to be one of the most effective cell-supporting and -mitigating substances, is found in the highest concentrations in Chaga mushrooms. Researchers are now investigating if SOD is anything other than an anti-aging product. Also, some studies have revealed that Chaga mushrooms may be used to halt the spread of cancerous cells and stimulate one's immune system, making Chaga a natural reaction modifier.

Mexico is amongst the world's largest industries for medicines. The Mexican pharmaceutical industry is segmented into patented drugs, which account for 51% of the total value, generic drugs (35%), and over-the-counter goods (14%). According to COFEPRIS, generics account for over 80% of the total volume. Covid-19 alleviation is the primary goal of Mexico's budget planning for 2022, which includes a 14.6% increase in health sector funding. Nevertheless, first and second-level treatments for high-specialty illnesses like diabetes, cancer, and heart disease are also given priority. This supports the growth of the regional market.

The US market dominated the North America Chaga Mushroom Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $254.9 Million by 2028. The Canada market is poised to grow at a CAGR of 8.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.3% 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 U.S., Mexico, Canada, and Rest of North America.

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

  • US
  • Canada
  • Mexico
  • Rest of North America

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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