LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global chaga mushroom-based products market to grow at a CAGR of over 13% during the forecast period, according to their latest market research report.
The increasing popularity of RTD Chaga mushroom-based beverages is one of the major trends being witnessed in the global chaga mushroom-based products market 2018-2022. The growth of the global chaga mushroom-based beverages such as tea, coffee, functional drinks, and others, is one of the positive trends that can influence the growth of the global market during the forecast period. Presently, consumers are on a lookout for products that offer more convenience as they are hard-pressed for time due to their busy lifestyles. The ease of use of RTD products will accelerate the demand for chaga mushroom-based drinks. Therefore, increasing product innovation in the market and the growing frequency of new product launches will drive the growth of the chaga mushroom-based products market during the next five years.
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According to Technavio analysts, one of the key factors contributing to the growth of the global Chaga mushroom-based products market is health benefits of chaga mushroom:
Global chaga mushroom-based products market: Health benefits of chaga mushroom
The various health-promoting benefits associated with the consumption of chaga mushrooms the prominent growth drivers for the global chaga mushroom based products market. The increasing awareness among consumers about the health-promoting benefits of chaga mushrooms will drive the growth of the market during the forecast period. Some of the health benefits of consuming Chaga mushrooms are that it provides vitamins, potassium, calcium, amino acids, fiber, and other nutrients that are essential for the human body. Also, consuming Chaga mushroom increases the production of immune cells and lymphocytes, which boosts the immune system’s ability to fight pathogens.
According to a senior analyst at Technavio for research on food, “increasing vegan population is another factor that is expected to have a positive impact on the growth of the market. Several people are adopting a vegan diet primarily for the associated health benefits, and thus more and more people are likely to adopt chaga mushroom-based products to supplement their nutritional requirements, which will drive the growth of the overall market.”
Global chaga mushroom-based products market: Segmentation analysis
The global Chaga mushroom-based products market research report provides market segmentation by application (food and beverages and personal care), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2017, accounting for over 49% share, followed by the EMEA and APAC respectively. However, during the forecast period, the APAC region is expected to have the highest incremental growth, while the Americas and EMEA are expected to witness a small decline in their market shares.
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- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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