Published Date: 31-Mar-23
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According to a new report, published by KBV research, The Global Chaga Mushroom Market size is expected to reach $1.1 billion by 2028, rising at a market growth of 6.9% CAGR during the forecast period.
The Organic segment is showcasing a CAGR of 8.6% during (2022 - 2028). This is because wild chaga mushrooms take in the betulin-containing bark of white birch trees, which is a valuable substance. The part of the fungus that humans consume is helpful. Commercially produced chaga mushrooms cannot match the therapeutic effects of wild chaga. In addition, the usage of organic chaga has increased significantly in the organic food and beverage industry, the nutritional supplement sector, and other end-use sectors, aiding in the segment's growth.
The Powder segment avcquired maximum revenue share in the Global Chaga Mushroom Market by Form in 2021 thereby, achieving a market value of $715.6 Million by 2028. The growth is attributed to its high usage in end-use industries, including food, beverage, and cosmetics. It also has various characteristics, such as low bulk weight; ease of storage, transport, and usage; various applications of Chaga in powder form; relatively high stability; and the potential for a high production rate.
The Pharmaceuticals segment has shown the growth rate of 7.9% during (2022 - 2028). This is because Chaga mushroom extract is increasingly being utilized in pharmaceutical products as it contains bioactive substances that help to slow the development of malignant cells. These mushrooms showed reduced nodules and tumor size in mice with metastatic tumors. In addition, there is a rise in R&D on the medicinal benefits of Chaga mushrooms and their expanding applications in the pharmaceutical and nutraceutical industries. The above factors are anticipated to drive the segment's expansion.
The Europe market dominated the Global Chaga Mushroom Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $387.1 Million by 2028. The Asia Pacific market is exhibiting a CAGR of 7.4% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 6.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/chaga-mushroom-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By End Use
Unique Offerings from KBV Research
North America Chaga Mushroom Market size & Opportunities 2022-2028
Europe Chaga Mushroom Market & Growth Forecast 2022-2028
Asia Pacific Chaga Mushroom Market Share & Industry Outlook to 2028
LAMEA Chaga Mushroom Market Growth, Trends & Forecasts 2022-2028