Global consumption of chaga mushroom-based products is anticipated to reach US$ 87 billion by the end of 2033, increasing at a high-value CAGR of 11.9% over the next 10 years (2023-2033), says a study by Fact.MR.
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 also propelling the sales of chaga mushroom-based products around the world. All this has resulted in a sharp demand for these mushroom products in dietary supplements, beverages, functional foods, and the healthcare sector.
The growing use of sports nutrition supplements across the globe is projected to drive the demand for chaga mushroom-based products. Moreover, ongoing holistic research studies and clinical trials on different bioactive compounds that are present in chaga mushrooms aim to prove their effectiveness. Thus, this medicinal variant of mushrooms is further predicted to fuel market sentiments.
“The rising popularity of herbal medicines and increasing preference for gut-healthy & organic products are projected to bolster the sales of chaga mushroom-based products over the coming years,” says a Fact.MR analyst. Market Development
The skin constitutes one of the largest living organs that protects the human body from various external environments. The use of appropriate skincare products serves as a prominent part to evolve lifestyles. The personal care industry is growing at a noticeable speed over time. Demand for chaga mushroom-based products in the personal care industry is projected to increase owing to their skin-friendly features.
Fact.MR’s study on global chaga mushroom-based products divulges insights into the market on the basis of nature (organic, conventional) and applications (food and beverages, personal care), across five major regions of the world – North America, Europe, Asia Pacific, Latin America, and MEA.