Chaga Mushroom Market Outlook (2022-2032)

The global chaga mushroom market registered a value CAGR of 5.5% during the historical period (2017-2021). Worldwide revenue from the sales of chaga mushrooms is projected to increase at a value CAGR of 7.4%, with the market pegged at US$ 912.3 Mn in 2022 and likely to reach US$ 1.89 Bn by the end of 2032.

Inonotus obliquus, commonly known as chaga, is a parasitic fungus that primarily grows on birch trees in colder climatic regions. Chaga is a medicinal mushroom comprising unique natural substances such as mycochemicals and polyphenol due to the absorption of useful elements from the birch tree, thereby exhibiting numerous therapeutic benefits, which is helping it gain traction among various manufacturers and end-user industries around the globe.

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Key Players:

• Baikal Herbs Ltd.
• Fungi Perfecti, LLC
• Annanda Chaga Mushrooms
• Bioway (Xi'an) Organic Ingredients Co. Ltd
• Chaga Mountain, Inc.
• Eartherbs L.L.C

Rising Demand for Dietary Supplement Products Bolstering Use of Chaga Mushrooms

Rapidly evolving health trends, rising awareness about well-being, and immunity taking center stage have led to a tectonic shift among consumers from reactive to proactive healthcare. Moreover, the outbreak of COVID and changing lifestyles have moved consumers toward dietary supplements and there is soaring demand for nutraceutical products across the globe.

Growing consumption of dietary supplement products is anticipated to boost the demand for chaga mushrooms as manufacturers are comprehensively utilizing this superfood for various health supplement applications. Inonotus obliquus is a highly nutritious mushroom that facilitates adaptogens maintaining the natural balance in the body with positive effects on the immune system; the gastrointestinal tract, the cardiovascular system, the nervous system, and the endocrine system.

Due to the various potential health benefits of chaga, manufacturers are launching innovative and health-supporting chaga products in the form of gummies, tablets, capsules, drink mixes, and other value-added products, which is gaining a positive response from consumers. Hence, the strong demand for chaga mushrooms from the nutraceuticals sector will drive market growth.

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Chaga Mushroom Industry Research by Category

By Nature:

• Organic
• Conventional

By Form:

• Powder
• Liquid

By End Use:

• Food and Beverage Industry
• Cosmetics and Personal Care
• Pharmaceuticals
• Dietary Supplements
• Retail/Household

By Distribution Channel:

• Business to Business
• Business to Consumer
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail

By Region:

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

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