Global Chaga Mushroom Extract Market Size, Share, Trends and Forecast 2022-2030

Market Analysis and Insights: Global Chaga Mushroom Extract Market
Chaga mushroom extract is the bio-active components bioavailable extracted from the chaga mushroom. Chaga (Inonotus Obliquus) is a mushroom that typically grows on birch trees in colder climates across the Northern Hemisphere.

Chaga mushroom extract is rich in Polysaccharides, Beta-D-Glucans, Phytosterols, Betulin and Betulinic Acid (Triterpenes), Antioxidants and SODs. The health benefits of Chaga Mushroom Extract are numerous, many of which can be attributed to its immune-boosting ingredients and antioxidants. Chaga mushroom extract is help with supporting immune system, providing soothing properties, curing ulcers and gastritis, keeping normalizes blood pressure and cholesterol levels, antimicrobial activity, DNA damage protection and antiviral properties.

Due to the COVID-19 pandemic, the global Chaga Mushroom Extract market size is estimated to be worth US$ 19 million in 2022 and is forecast to a readjusted size of US$ 23 million by 2028 with a CAGR of 3.5% during the review period. Fully considering the economic change by this health crisis, Water Extract accounting for % of the Chaga Mushroom Extract global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Health Products segment is altered to an % CAGR throughout this forecast period.

Global Chaga Mushroom Extract key players include Baikal Herbs, Limonnik, World of Chaga, Lgberry, Nutra Green, etc. Global top five players hold a share about 55%.

Russia is the largest market, with a share about 60%, followed by North America and Asia-Pacific, having a total share about 30 percent.

In terms of product, Water Extract is the largest segment, with a share about 80%. And in terms of application, the main application is Health Products.

Market Segments

The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2017-2028. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.

Segment by Type

Water Extract

Dual Extract

Segment by Application

Health Products

Other

Consequence of Covid-19 Pandemic

The authors of this study have enlightened the readers on the rise and effect of the Covid-19 outbreak on the development. They have investigated the changes brought about in the demand/supply side, consumption, supply chain, and sales/manufacturing. The readers will get familiar with the measures that have helped the key players to bring the Chaga Mushroom Extract market back to the pre-covid levels.

Trends & Prospects

In this segment of the report, the specialists have delved into the key growth opportunities that are likely to emerge. This will aid the key players to simplify complex issues related to business and frame future strategies to compete in this competitive environment. This section will certainly assist the players to boldly position their business.

By Region

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

UAE

Competitive Outlook

In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and share analysis of the prominent players are also provided in this section. They have also provided reliable sales and revenue data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:

Baikal Herbs

Limonnik

World of Chaga

Lgberry

Nutra Green

Sayan Health

Fungi Perfecti

Annanda Chaga

Fungi Health

Eco-Siberia

Chaga Mountain