(MENAFN- Ameliorate Digital Consultancy)
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.
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Inonotus obliquus is commonly addressed as chaga. It is a parasitic fungus that grows primarily on birch trees across colder climatic regions. It is a medicinal mushroom that comprises some unique and natural substances, including polyphenols and mycochemicals. Chaga mushrooms absorb some useful elements from their source, which is the birch tree. A lot of therapeutic benefits are exhibited in these products, which has helped them gain traction among end users and manufacturers around the world.
Historically, chaga has shown numerous health benefits and is considered a superfood. The presence of immune boosters and high antioxidants is propelling the sales of chaga mushroom-based products around the world. It has resulted in a sharp demand for these mushroom-based products in dietary supplements, beverages, functional foods, and the healthcare sector.
Key Takeaways from Market Study
Sales of chaga mushroom-based products are projected to reach US$ 87 billion by 2033-end. The market in Canada is expected to expand at a noticeable CAGR of 10.3% through 2033. The current value of the global chaga mushroom-based products industry is US$ 28.2 billion. The market is expected to progress rapidly at a CAGR of 11.9% through 2033. Demand for Chaga mushroom-based products in in Germany is estimated to expand at a CAGR of 9.3% through 2033.
well as emerging players associated with the manufacturing of product.
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:
Food & Beverages Personal Care
North America Europe Asia Pacific Latin America Middle East & Africa
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How will be insights and market estimations provided in the Fact.MR report on the Demand of Chaga Mushroom-based Products make a difference?
The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets Provides scrutiny of the industry trends that have shaped recent government policies Provides an account of major breakthroughs in all segments that might change the course of the market considerably Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Chaga Mushroom-based Products Market Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future Evaluates the role of various stages of funding on new growth avenues in key regional markets
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