Based on the application, the food and beverage segment offered significant growth opportunities for market players in 2020. Factors such as new product launches and the introduction of new flavors played a crucial role in driving the growth of the segment. In terms of geography, the market witnessed maximum growth in North America in 2020 and the region is expected to continue its dominance in the market during the forecast period. The growth of the market in North America can be attributed to the increasing number of new players entering the regional market.
Chaga Mushroom-based Products Market: Major Growth Drivers
The chaga mushroom-based products market report identifies the following factors as major growth drivers during the forecast period:
In addition, the report identifies the launch of new chaga mushroom-based products as a major trend in the chaga mushroom-based products market. The awareness about the health benefits of chaga mushrooms among consumers has increased over the years. This is triggering the demand for chaga mushroom-based products, which is increasing the frequency of new products introduced by vendors. This is resulting in an increase in the availability and sales of chaga mushroom products, thereby driving market growth.
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Chaga Mushroom-based Products Market: Key Vendor Offerings
Aloha Medicinals: The company offers mushroom blends in different catagories such as performax forte, immune assist, and others.
Annanda Chaga Mushrooms: The company offers different types of chaga products such as Annanda chaga tea, Canadian chaga powder, chaga mushroom & cinnamon immuni tea, and others.
Baikal Herbs Ltd.: The company offers wild chaga mushroom extract powder under chaga mushroom based product.
Chaga Mountain Inc.: The company offers wild chaga mushroom extract powder under chaga mushroom based product.
Chi Chaga Foods: The company offers different types of chaga products such as powder, supplement, chunks, cinnamon powder, and others.
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