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Chaga Mushroom-based Products Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR40483
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The chaga mushroom-based products market share is expected to increase by USD 11.31 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 13.51%.

This chaga mushroom-based products market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers chaga mushroom-based products market segmentation by application (food and beverage and personal care) and geography (North America, Europe, APAC, and South America). The Chaga mushroom-based products market report also offers information on several market vendors, including Annanda Chaga Mushrooms, Baikal Herbs Ltd., Chaga Mountain Inc., Four Sigma Foods Inc., Laboratoire Saeve, My Berry Organics LLC, NordicNordic, Nutra Green Biotechnology Co. Ltd., Nyishar, and Sayan Health Inc. among others.

What will the Chaga Mushroom-based Products Market Size be During the Forecast Period?

Chaga Mushroom-based Products Market Size

Download Report Sample to Unlock the Chaga Mushroom-based Products Market Size for the Forecast Period and Other Important Statistics

 

Chaga Mushroom-based Products Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The health benefits of chaga mushroom are notably driving the chaga mushroom-based products market growth, although factors such as the effects of natural calamities may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the chaga mushroom-based products industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Chaga Mushroom-based Products Market Driver

The health benefits of Chaga mushroom are a key driving factor impacting the global Chaga mushroom-based products market growth. The various health-promoting benefits associated with the consumption of chaga mushrooms are one of 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. Consuming chaga mushrooms increases the production of immune cells and lymphocytes, which boosts the immune system s ability to fight pathogens. Chaga mushroom helps in reducing inflammation due to its ability to suppress the expression of chemical mediators of inflammation. Chaga mushroom also reduces inflammation in colon cells, which can help in the treatment of inflammatory bowel disease. Chaga mushroom contains long sugar molecules called polysaccharides, which are known to lower cholesterol levels.

Key Chaga Mushroom-based Products Market Trend

The increasing global vegan population is a key trending factor impacting the global Chaga mushroom-based products market growth. A major trend that can have a positive impact on the growth of the market is the growing vegan population worldwide. Veganism is termed as the practice of abstaining from the use of animal products, particularly in the diet. In the UK, the number of vegans increased by more than two times from 2016 to 2019, reaching around 1.2% of the country s total population. Several young consumers in the age group of 15-30 years are adopting a vegan diet, and the number is expected to increase during the forecast period. An increasing number of celebrity endorsements for a vegan diet will add to the popularity of the vegan diet among consumers. Some of the prominent celebrities supporting veganism include Bill Clinton, Mike Tyson, Carl Lewis, Serena Williams, and Venus Williams.

Key Chaga Mushroom-based Products Market Challenge

Effects of natural calamities will be a major challenge negatively impacting the global Chaga mushroom-based products market growth. The effect of natural calamities on the cultivation of Chaga mushrooms is a major challenge to the growth of the global Chaga mushroom-based products market. Natural calamities are costing the farmers a large sum of money every year due to the loss of crops. Apart from natural calamities, the cultivation of Chaga mushrooms can be affected by various diseases among plants, which can negatively affect the growth of the global Chaga mushroom-based products market during the forecast period. In 2020, natural calamities resulted in economic losses of up to $ 268 billion across the world. A large share of the total loss was due to weather-related disasters. Therefore, increasing damage to the crops due to natural calamities can severely impede the growth of the global chaga mushroom-based products market during the forecast period.

This chaga mushroom-based products market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the Global Chaga mushroom-based Products as part of the packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the chaga mushroom-based products market during the forecast period.

Who are the Major Chaga Mushroom-based Products Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Annanda Chaga Mushrooms
  • Baikal Herbs Ltd.
  • Chaga Mountain Inc.
  • Four Sigma Foods Inc.
  • Laboratoire Saeve
  • My Berry Organics LLC
  • NordicNordic
  • Nutra Green Biotechnology Co. Ltd.
  • Nyishar
  • Sayan Health Inc.

 

This statistical study of the chaga mushroom-based products market encompasses successful business strategies deployed by the key vendors. The chaga mushroom-based products market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Aloha Medicinals - The company offers mushroom blends in different categories such as Performax forte, immune assist, and others.
  • Ananda Chaga Mushrooms - The company offers different types of chaga products such as ananda chaga tea, Canadian chaga powder, Chaga mushroom & cinnamon immune tea, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The chaga mushroom-based products market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Chaga Mushroom-based Products Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the chaga mushroom-based products market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global packaged foods and meats market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Chaga Mushroom-based Products Market?

Chaga Mushroom-based Products Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

41% of the market’s growth will originate from North America during the forecast period. US, China, Germany, and France are the key markets for the market in North America. Market growth in this region will be faster than the growth of the market in regions.

The significant increase in the adoption of Chaga mushroom products by enterprises across industries in countries will facilitate the Chaga mushroom-based products market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 virus spread widely across North America, especially in the US. Owing to the rising number of deaths from COVID-19, North American countries, such as the US, Canada, and Mexico,  implemented a nationwide lockdown in 2020. However,  the US started the vaccination drive in December 2020 and had successfully vaccinated 40% of the population by  May 2020.  Similarly, Canada and Mexico also have started their vaccination drive and have estimated to vaccinate their population by the end of 2021. This has resulted in the removal of lockdowns in these countries, and thus, the production of chaga mushroom-based products also started in the region. This is expected to increase the demand for chaga mushroom-based products during the forecast period

What are the Revenue-generating Application Segments in the Chaga Mushroom-based Products Market?

Chaga Mushroom-based Products Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The chaga mushroom-based products market share growth by the food and beverages segment during the forecast period. The introduction of new flavors for Chaga mushroom-based beverages by the players in the market will drive the growth of the market during the forecast period. Various Chaga mushroom-based beverage options such as coffee, tea, functional drinks, and others are available in the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the Chaga mushroom-based products market size and actionable market insights on post-COVID-19 impact on each segment.

 

Chaga Mushroom-based Products Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 13.51%

Market growth 2020-2024

$ 11.31 billion

Market structure

Fragmented

YoY growth (%)

12.43

Regional analysis

North America, Europe, APAC, and South America

Performing market contribution

North America at 41%

Key consumer countries

US, China, Germany, and France

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Annanda Chaga Mushrooms, Baikal Herbs Ltd., Chaga Mountain Inc., Four Sigma Foods Inc., Laboratoire Saeve, My Berry Organics LLC, NordicNordic, Nutra Green Biotechnology Co. Ltd., Nyishar, and Sayan Health Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Chaga Mushroom-based Products Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive chaga mushroom-based products market growth during the next five years
  • Precise estimation of the chaga mushroom-based products market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the chaga mushroom-based products industry across North America, Europe, APAC, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of chaga mushroom-based products market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Packaged Foods and Meats

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • 4.2 Bargaining power of buyers
        • Exhibit 09: Bargaining power of buyers
      • 4.3 Bargaining power of suppliers
        • Exhibit 10: Bargaining power of suppliers
      • 4.4 Threat of new entrants
        • Exhibit 11: Threat of new entrants
      • 4.5 Threat of substitutes
        • Exhibit 12: Threat of substitutes
      • 4.6 Threat of rivalry
        • Exhibit 13: Threat of rivalry
      • 4.7 Market condition
        • Exhibit 14: Market condition - Five forces 2020

      5 Market Segmentation by Application

      • 5.1 Market segments
        • Exhibit 15: Application - Market share 2020-2025 (%)
      • 5.2 Comparison by Application
        • Exhibit 16: Comparison by Application
      • 5.3 Food and beverage - Market size and forecast 2020-2025
        • Exhibit 17: Food and beverage - Market size and forecast 2020-2025 ($ million)
        • Exhibit 18: Food and beverage - Year-over-year growth 2020-2025 (%)
      • 5.4 Personal care - Market size and forecast 2020-2025
        • Exhibit 19: Personal care - Market size and forecast 2020-2025 ($ million)
        • Exhibit 20: Personal care - Year-over-year growth 2020-2025 (%)
      • 5.5 Market opportunity by Application
        • Exhibit 21: Market opportunity by Application

      6 Customer landscape

      • 6.1 Overview
        • Exhibit 22: Customer landscape

      7 Geographic Landscape

      • 7.1 Geographic segmentation
        • Exhibit 23: Market share by geography 2020-2025 (%)
      • 7.2 Geographic comparison
        • Exhibit 24: Geographic comparison
      • 7.3 North America - Market size and forecast 2020-2025
        • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
      • 7.4 Europe - Market size and forecast 2020-2025
        • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
        • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
      • 7.5 APAC - Market size and forecast 2020-2025
        • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
        • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
      • 7.6 South America - Market size and forecast 2020-2025
        • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
      • 7.7 MEA - Market size and forecast 2020-2025
        • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
        • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
      • 7.8 Key leading countries
        • Exhibit 35: Key leading countries
      • 7.9 Market opportunity by geography
        • Exhibit 36: Market opportunity by geography ($ million)

      8 Drivers, Challenges, and Trends

      • 8.1 Market drivers
        • 8.2 Market challenges
          • Exhibit 37: Impact of drivers and challenges
        • 8.3 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • Exhibit 38: Vendor landscape
          • 9.2 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 42: Market positioning of vendors
          • 10.3 Aloha Medicinals
            • Exhibit 43: Aloha Medicinals - Overview
            • Exhibit 44: Aloha Medicinals - Product and service
            • Exhibit 45: Aloha Medicinals - Key offerings
          • 10.4 Annanda Chaga Mushrooms
            • Exhibit 46: Annanda Chaga Mushrooms - Overview
            • Exhibit 47: Annanda Chaga Mushrooms - Product and service
            • Exhibit 48: Annanda Chaga Mushrooms - Key offerings
          • 10.5 Baikal Herbs Ltd.
            • Exhibit 49: Baikal Herbs Ltd. - Overview
            • Exhibit 50: Baikal Herbs Ltd. - Product and service
            • Exhibit 51: Baikal Herbs Ltd. - Key offerings
          • 10.6 Bioway (Xi An) Organic Ingredients Co. Ltd.
            • Exhibit 52: Bioway (Xi An) Organic Ingredients Co. Ltd. - Overview
            • Exhibit 53: Bioway (Xi An) Organic Ingredients Co. Ltd. - Product and service
            • Exhibit 54: Bioway (Xi An) Organic Ingredients Co. Ltd.- Key news
            • Exhibit 55: Bioway (Xi An) Organic Ingredients Co. Ltd. - Key offerings
          • 10.7 Chaga Mountain Inc.
            • Exhibit 56: Chaga Mountain Inc. - Overview
            • Exhibit 57: Chaga Mountain Inc. - Product and service
            • Exhibit 58: Chaga Mountain Inc. - Key offerings
          • 10.8 Chi Chaga Foods
            • 10.9 Eartherbs LLC
              • Exhibit 62: Eartherbs LLC - Overview
              • Exhibit 63: Eartherbs LLC - Product and service
              • Exhibit 64: Eartherbs LLC - Key offerings
            • 10.10 Emerald Castle Farms
              • Exhibit 65: Emerald Castle Farms - Overview
              • Exhibit 66: Emerald Castle Farms - Product and service
              • Exhibit 67: Emerald Castle Farms - Key offerings
            • 10.11 Four Sigmatic Foods Inc.
              • Exhibit 68: Four Sigmatic Foods Inc. - Overview
              • Exhibit 69: Four Sigmatic Foods Inc. - Product and service
              • Exhibit 70: Four Sigmatic Foods Inc. - Key offerings
            • 10.12 Fungi Perfecti LLC
              • Exhibit 71: Fungi Perfecti LLC - Overview
              • Exhibit 72: Fungi Perfecti LLC - Product and service
              • Exhibit 73: Fungi Perfecti LLC - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 74: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 75: Research Methodology
                • Exhibit 76: Validation techniques employed for market sizing
                • Exhibit 77: Information sources
              • 11.4 List of abbreviations
                • Exhibit 78: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Chaga Mushroom-based Products Market market growth will increase by $11.31 bn during 2020-2024.
              The chaga mushroom-based products market market is expected to grow at a CAGR of 13.51% during 2020-2024.
              Technavio has segmented the chaga mushroom-based products market market by application (food and beverage and personal care) ,geography (North America, Europe, APAC, and South America) , and geographic (North America, Europe, APAC, and South America).
              Annanda Chaga Mushrooms, Baikal Herbs Ltd., Chaga Mountain Inc., Four Sigma Foods Inc., Laboratoire Saeve, My Berry Organics LLC, NordicNordic, Nutra Green Biotechnology Co. Ltd., Nyishar, Sayan Health Inc. are a few of the key vendors in the chaga mushroom-based products market market.
              North America will register the highest growth rate of 41% among the other regions. Therefore, the chaga mushroom-based products market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the chaga mushroom-based products market market growth are:
              • Health benefits of chaga mushroom
              • Increasing popularity of RTD (Ready to Drink) chaga mushroom-based beverages
              The chaga mushroom-based products market market vendors should focus on grabbing business opportunities from the food and beverage segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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