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Chaga Mushroom-based Products Market

Chaga Mushroom-based Products Market By Nature (Organic, Conventional), By Application (Food & Beverages, Personal Care), By Region (North America, Europe, Asia Pacific, Latin America) - Global Market Insights 2023-2033Chaga Mushroom-based Products Market By Nature (Organic, Conventional), By Application (Food & Beverages, Personal Care), By Region (North America, Europe, Asia Pacific, Latin America) - Global Market Insights 2023-2033

Analysis of Chaga Mushroom-based Products Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Chaga Mushroom-based Products Market Outlook (2023-2033)

The global chaga mushroom-based products market is projected to expand at a high-value CAGR of 11.9% through 2033. As such, worldwide consumption of chaga mushroom-based products is predicted to reach a market value of US$ 87 billion by 2033, up from US$ 28.2 billion in 2023.

Chaga is a fungus mushroom that thrives majorly on birch trees in cold climates. As a conventional remedy, it has been cultivated for ages. It looks similar to burnt charcoal. Chaga mushrooms are accepted as exceptional sources of some essential elements, including selenium, minerals, calcium, nutrients, fibers, and proteins.

These mushrooms are being consumed at an increased rate around the world owing to their various medicinal advantages. For instance, they can be used for the elimination of hazardous cells and are helpful to stimulate resistance. In addition, they are also consumed widely to aid weight loss.

Chaga mushroom comes from the Hymenochaetaceae organisms family. In addition to birch trees, they are also found on beech, oak, and other trees. Russia is one of the prominent producers of chaga mushrooms due to its chilly conditions. As a medication, it is used in Siberia, Russia, and Northern Europe to improve general health and strengthen immunity. There are a lot of people around the world who drink chaga mushroom as tea as it is high in sulfur, phosphorus, magnesium, iron, potassium, and zinc.

Chaga mushroom extracts also aid in the reduction of blood pressure and blood sugar. Moreover, it further supports to cleanse of human blood and all of these further contribute to the health of the liver. Chaga is also used as a significant component in skincare products as it contains a noticeable concentration of anti-inflammatory qualities, betulonic acid, melanin, and superoxide dismutase (SOD). These components play a vital role in the health of human skin. Further, cancer cells are also considered to be inhibited by chaga, which can further fuel the demand for chaga extract powder.

The chaga mushroom-based products market is anticipated to grow at a noticeable speed over the coming years due to increasing demand for numerous cosmetic and personal care products around the world. Furthermore, the anti-cancer properties and health benefits of these products are also predicted to bolster overall market growth.

Report Attributes

Details

Market Size (2023)

US$ 28.2 Billion

Projected Market Value (2033)

US$ 87 billion

Growth Rate of Global Market (2023-2033)

11.9% CAGR

Canada Market Growth Rate (2023-2033)

10.3% CAGR

Germany Market Growth Rate (2023-2033)

9.3%

Key Companies Profiled

  • Four Sigmatic
  • My Berry Organics, LLC
  • NordicNordic
  • Nutra Green Biotechnology Co., Ltd.
  • Nyishar
  • Sayan Chaga
  • Baikal Herbs Ltd.
  • Eartherbs LLC

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What are the Demand Drivers for Chaga Mushroom-based Products?

“Various Health Benefits of Chaga Mushrooms”

The market for chaga mushroom-based products is growing at an exponential speed owing to rising health awareness among people. Increased concern about individual health can further lead to the growing demand for mushroom-based products. Furthermore, increasing use of these products in cosmetic and personal care is also estimated to drive their sales.

Industry players, in recent years, are investing a handsome amount in various R&D activities about the anti-cancerous properties of these mushrooms. Moreover, chaga mushrooms are also used for their potential merits to maintain the health of the stomach. R&D activities are likely to propel the requirement for Chaga mushrooms around the world. In recent years, chaga mushrooms are also used at an increased rate as solid supplements.

“Presence of Various Untapped Regional Markets”

The market is untapped with the presence of a lot of players in the global industry. Moreover, these players are investing a handsome amount in numerous R&D activities to identify novel applications for these products. These players are increasing the frequency to launch new products that might increase sales and availability of chaga mushroom products across the globe.

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Which Factors Can Limit the Adoption of Chaga Mushroom-based Products to Some Extent?

“High Price of Chaga Mushrooms and Related Products”

The demand for chaga mushroom-based products is anticipated to restrain to some level owing to their high cost. It becomes very difficult for people from lower- and lower-middle-class people to purchase these stable foods due to economic factors that can further adversely impact market growth.

“Excessive Consumption of Chaga Mushroom-based Products Might Lead to Kidney Stones”

Chaga mushrooms generally contain a high level of oxalate that can cause some health issues among people. Oxalates occur naturally in food that is generally soluble or insoluble. Between these, soluble oxalates produce anions that are negatively charged ions.

They pass through the bloodstream and can mix with free calcium for the production of calcium oxalate crystals. This process can increase the risk to develop kidney stones and cause some serious physical harm to human kidneys. In addition, excessive consumption of these mushrooms can also result in developing osteoporosis diseases.

Thus, these health issues can restrain the adoption of this staple food among people around the world.

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Why is Demand for Chaga Mushroom-based Products High in North America?

“Increased Count of Prominent Market Players in the Region”

Among the regional markets, the market in the North American region is expected to hold a dominating position in the global industry. The growth in the regional industry is attributed to the growing count of new players who are entering the market. Along with this, the rising population of health-conscious people in North America is also predicted to stimulate sales of these products.

People are becoming aware of the health benefits of products that are based on chaga mushrooms. In addition, the growing production of mushrooms in the region also ensures their market availability and thus fuels growth opportunities in the industry.

Country-wise Insights

Why is Demand for Chaga Mushroom-based Products Increasing in Germany?

“Rising Awareness of the Health Benefits of Chaga Mushrooms”

The market in Germany is predicted to grow at a noticeable CAGR of 9.3% owing to increasing awareness about the health benefits of chaga mushrooms there. In addition, people are gaining awareness about the wholesome properties of these products to address different problems related to tuberculosis, liver, and heart.

These products are also helpful to purify the human body and act as a shield to protect it against parasite worms. Moreover, chaga extracts exhibit some anti-tumor effects and further show some positive effects in to fight against cancer. Thus, these health benefits are estimated to bolster sales of mushroom products in Germany.

Which is a Prominent Market for Chaga Mushrooms in North America?

“U.S. Holds Prominent Position in North American Region”

Sales of chaga mushroom-based products in the U.S. market were more than US$ 5.5 billion by 2022-end. Growth opportunities in the industry are due to the high medicinal attributes of these mushrooms that allow them to gain traction among pharmaceutical and healthcare manufacturers. These manufacturers are concentrating to add these medicinal mushrooms for the welfare of human beings which can further increase their sales in the coming years.

Further, the Canadian market is anticipated to progress at a CAGR of 10.3% through 2033.

Will Japan Provide Lucrative Opportunities for Manufacturers of Chaga Mushroom-based Products?

“Rising Demand for Soft Drinks Driving Regional Market Growth

The market in Japan is projected to advance at a noteworthy CAGR of 8.2% through 2033 due to the rising utilization of chaga in numerous cosmetic products.

The purpose of their application is to protect the skin from radicals that can damage the cell and contribute to the formation of wrinkles and aging. In addition, bioflavonoids that are found in chaga can exhibit astringent properties to provide additional benefits against wrinkles.

Category-wise Insights

Which is the Leading End-use Industry of Chaga Mushroom-based Products?

“F&B Industry to Account for Bulk of Chaga Mushroom Consumption”

Based on application, the market has been segmented into food & beverages and personal care. Between these two, the demand for chaga mushroom products in the food & beverages industry is likely to progress at a CAGR of 12.6% through 2033. This rapid application is attributed to the increasing use of chaga mushroom-based products due to rising awareness about the health benefits of these eatables.

Demand for chaga extract powder in the personal care industry is estimated to advance at a CAGR of 10.3% through 2033.

Which is the Leading Type of Chaga Mushroom Product?

“Organic Mushroom Products to Lead in Global Market Expansion”

The market is divided into organic and conventional types based on the nature of chaga mushrooms. Between these two, the demand for organic mushroom products is likely to bolster by growing consumer awareness about the adverse impact of the consumption of chemical-based products.

Competitive Landscape

Prominent players in the industry are investing at an increased rate to launch new products as per the requirements of people around the world.

For instance,

  • ChagaChaga Inc. is a New York-based beverage company that has released a chain of bottles of tea drinks for health-conscious people. This drink is available in multiple flavors, such as traditional, peach, and sugar-free.

Key players in the chaga mushroom-based products market are Four Sigmatic, My Berry Organics, LLC, NordicNordic, Nutra Green Biotechnology Co., Ltd., Nyishar, Sayan Chaga, Baikal Herbs Ltd., and Eartherbs LLC.

Segmentation of Chaga Mushroom-based Products Industry Research

  • By Nature :

    • Organic
    • Conventional
  • By Application :

    • Food & Beverages
    • Personal Care
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

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The present sales value of the global chaga mushroom-based products market is US$ 28.2 billion.

The market in Germany is likely to advance at a CAGR of 9.3% through 2033.

Sales of chaga mushroom-based products are likely to surge at a CAGR of 11.9% through 2033.

Worldwide demand for chaga mushroom-based products is estimated to reach US$ 87 billion by 2033.

The Canadian market is predicted to progress at a noticeable CAGR of 10.3% through 2033.

Key manufacturers of chaga mushroom-based products are Four Sigmatic, My Berry Organics, LLC, NordicNordic, Nutra Green Biotechnology Co., Ltd., Nyishar, Baikal Herbs Ltd., and Eartherbs LLC.

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