Chaga Mushroom Market By Nature (Organic, Conventional), By Form (Powder, Liquid), By End Use (Food and Beverage Industry, Cosmetics and Personal Care, Pharmaceuticals, Dietary Supplements): Global Opportunity Analysis and Industry Forecast, 2021-2031
The chaga mushroom market size was valued at $712.6 million in 2021, and is estimated to reach $1,397.1 million by 2031, registering a CAGR of 7.2% from 2021 to 2031. Chaga grows by taking the nutrients from the birch tree over the duration of 10 to 20 years after landing on such a birch tree, making it a truly nutritional excellent resource. Drinking birch sap for health and beauty is a long-standing custom in Russia. Birch trees are often referred to as mother trees or nursing trees. Birch sap is very advantageous and is expected to offer health benefits because of the high levels of saponin, polyphenol, polysaccharide, and nutritive value it contains. Birch sap is used in cosmetics because it has a high antioxidant capacity and is good for beauty.
The chaga mushroom has been witnessing significant growth in popularity in the cosmetic and beauty care business due to its abundance in skin-beneficial active ingredients including copper, magnesium, selenium, and potassium. Chaga mushroom's copper aids in promoting collagen synthesis, and magnesium is believed to help keep skin elastic and moist as well as to strengthen the skin barrier. Cells are shielded from harmful oxidative stress by selenium. Lastly, potassium keeps electrolyte balance and keeps the skin inside hydrated.
However, over the forecast period, it is estimated that the limited wild chaga mushroom production and the high price of mushrooms relative to vegetables will significantly restrain the market's expansion. A lack of promotion, a small selection of foods and beverages made with chaga mushrooms, and poor consumer awareness of the benefits of chaga mushrooms are also projected to hinder the growth of the global chaga mushroom market.
According to the market analysis, the chaga mushroom market is segmented into nature, form end use, and region. On the basis of nature, the market is categorized into organic and conventional. By form, it is segregated into powder and liquid. On the basis of end use, it is segmented into food and beverage industry, cosmetics and personal care, pharmaceuticals and dietary supplements. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, France, Spain, Italy, Russia, Germany and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).
The major players operating in the chaga mushroom industry are Baikal Herbs Ltd., Fungi Perfecti LLC, Annanda Chaga Mushrooms, Bioway (Xi'an) Organic Ingredients Co. Ltd., Sayan Health, Inc., Eartherbs L.L.C., Aloha Medicinals, Oregon Mushrooms Co., Mahogany Organics Private Limited, The Chaga Company LLC., NutraCap Labs, L.L.C., Canadian Pine Pollen Company, The Brainfood Mushroom Company, Touchwood Mushrooms, FreshCap Mushrooms Ltd., and Om Mushroom Superfood.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chaga mushroom market analysis from 2021 to 2031 to identify the prevailing chaga mushroom market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the chaga mushroom market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global chaga mushroom market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Nature
Organic
Conventional
By Form
Powder
Liquid
By End Use
Pharmaceuticals
Dietary Supplements
Food and Beverage Industry
Cosmetics and Personal Care
By Region
North America
U.S.
Canada
Mexico
Europe
UK
France
Spain
Italy
Russia
Germany
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
The Brainfood Mushroom Company
Annanda Chaga Mushrooms
Touchwood Mushrooms
Naturalin Bio-Resources Co., Ltd
Hangzhou Muhua Bio-Tech Co., Ltd
White Mountain Mushrooms, LLC.
Baikal Herbs Ltd.
Sayan Health, Inc.
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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