Pune, May 04, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research, an international business & consultancy firm has recently published a report on the “Chaga Mushroom Market”. The total global market for the “Chaga Mushroom Market” was valued at USD 0.79 Bn in 2022 and is expected to grow at a CAGR of 5.65 percent over the forecast period to reach USD 1.34 Bn by 2029.
| Market Size in 2022 | USD 0.79 Bn |
| Market Size in 2029 | USD 1.34 Bn |
| CAGR | 8.2 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 265 |
| No. of Tables | 129 |
| No. of Charts and Figures | 121 |
| Segment Covered | By Chaga Mushroom Texture, Flavour Taste, Nature, Product Form, Compound, End-Use, Distribution Channel and Region |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2023−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Chaga Mushroom Market Report Scope and Research Methodology
The report provides a comprehensive analysis of the dynamics and structure of the global chaga mushroom market by providing an analysis of various market segments. It offers valuable insights to investors and presents a clear view of the competitive landscape of major industries based on factors such as product, price, financial range, product portfolio, growth strategies, and regional presence in the global chaga mushroom market. To identify the major market participants, secondary research was conducted, and primary research involved in-depth interviews with key manufacturing leaders and industry experts. SWOT analysis was used to determine the strengths and weaknesses of the chaga mushroom key players and PESTLE analysis was employed to understand the potential impact of the micro-economic factors affecting the Chaga Mushroom Market.
Chaga Mushroom Market Overview
Chaga mushroom, also known as Inonotus obliquus, is a type of mushroom that grows on the bark of birch trees in cold climates. It has been used for centuries in traditional medicine for its potential health benefits, including immune system support and anti-inflammatory properties.
Growing Popularity of Functional Foods and Supplements to boost the Chaga Mushroom market
Functional foods and dietary supplements are gaining popularity among consumers as a means of maintaining good health and preventing illnesses. Chaga mushroom is widely used as an ingredient in functional foods and dietary supplements due to its potential health benefits. The rising demand for functional foods and supplements is expected to drive the growth of the chaga mushroom market during the forecast period.
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The increasing prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases is influencing the demand for natural remedies that are help prevent these conditions. Chaga mushroom has been shown to have anti-cancer properties and help lower blood sugar and cholesterol levels. As the prevalence of chronic diseases continues to rise, the demand for natural remedies such as chaga mushrooms is expected to increase.
Europe is expected to hold the largest Chaga Mushroom Market share during the forecast period
Europe is a significant market for chaga mushrooms, with increasing consumer interest in functional foods and supplements. The demand for natural and plant-based remedies is also driving the growth of the market in the region. In addition, the presence of several chaga mushroom product manufacturers and the availability of several distribution channels such as pharmacies and online retailers are also contributing to the growth of the market in Europe.
Chaga Mushroom Market Segmentation
Based on the Form, the chaga mushroom powder segment to dominate the Chaga Mushroom Market throughout the forecast period
In 2022, chaga mushroom market held largest global market share and is expected to grow at a significant CAGR during the forecast period. Chaga mushroom powder is gaining popularity as an ingredient in smoothies, coffee, and other beverages. In addition, chaga mushroom tea is a traditional method of consumption that is still widely used today. However, chaga mushroom extract is the most commonly used form, as it is believed to provide the highest concentration of beneficial compounds.
Based on the End-Use, the Dietary supplements industry segment to account largest share of the Chaga Mushroom Market over the forecast period
The dietary supplements segment is the largest end-use segment of the chaga mushroom market. Chaga mushroom is widely used in dietary supplements due to its potential health benefits, such as immune system support and antioxidant properties. Chaga mushroom supplements are available in the form of capsules, tablets, and powder. The growing demand for natural and plant-based remedies is driving the growth of the dietary supplements segment in the chaga mushroom market.
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By Texture:
• Hard
• Rock-like
• Porous
• Crumbly
By Flavour Taste:
• Earthy
• Slightly bitter
By Nature:
• Organic
• Conventional
by Product Form:
• Powder
• Extract
• Teas
• Syrup
• Supplements
• Chunks
• Tincture
by Compound:
• Beta-glucans
• Botulin and Betulinic acid
• Phytosterols
• Chitin
by End-Use:
• Pharmaceuticals
• Food and beverage industry
• Cosmetic and personal care
• Dietary supplements
by Distribution Channel:
• Online
• Offline
Chaga Mushroom Market’s Key Players include:
• Annanda Chaga Mushrooms
• Baikal Herbs Ltd.
• Chaga Mountain Inc.
• Four Sigma Foods Inc.
• Laboratoire Saeve
• My Berry Organics LLC
• NordicNordic
• Nutra Green Biotechnology Co. Ltd.
• Nyishar
• Sayan Health Inc.
• The Brainfood Mushroom Company
• Touchwood Mushrooms
• Naturalin Bio-Resources Co., Ltd
• Hangzhou Muhua Bio-Tech Co., Ltd
• White Mountain Mushrooms, LLC.
• Aloha Medicinals
• Oregon Mushrooms Co.
• NutraCapLabs, L.L.C.
• Om Mushroom Superfood
• Xiamen Boten Biological Technology Co., Ltd
• Bioway (Xi'an) Organic Ingredients Co. Ltd.
• Xi'an Yuensun Biological Technology Co., Ltd.
• Fungi Perfecti LLC
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Key questions answered in the Chaga Mushroom Market are:
- What is Chaga Mushroom?
- What was the Chaga Mushroom Market Size in 2022?
- What is the expected Chaga Mushroom Market size by 2029?
- What is the growth rate of the Chaga Mushroom Market?
- What are the key benefits of the Chaga Mushroom Market?
- What are the new trends in Chaga Mushroom?
- What is the driving, opportunity and restraining factors in the global Chaga Mushroom Market?
- Which are the factors expected to drive the Chaga Mushroom Market growth?
- Which factors are expected to restrain the Chaga Mushroom Market growth?
- Which segment dominated the Chaga Mushroom Market growth?
- What is the demand pattern for the Chaga Mushroom Market?
- Which region held the largest share of the Chaga Mushroom Market?
- Who are the key players in the Chaga Mushroom Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Texture, Flavour Taste, Nature, Product Form, Compound, End-Use, Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
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