Description
Shifting preference toward functional foods is expected to drive the growth of the Asia-Pacific functional mushroom market. In addition, a positive outlook toward organic personal care is further enhancing the market growth. Furthermore, the increasing acceptability of mushrooms for medicinal properties is boosting the sales and profit of the players operating in the market, which is expected to drive further the market growth of the Asia-Pacific functional mushroom powder market. Data Bridge Market Research analyses that the Asia-Pacific functional mushroom powder market will grow at a CAGR of 5.8% during the forecast period of 2022 to 2029.
Market Analysis and Insights
A mushroom is a vegetable with a fleshy fungus that provides nutrients such as vitamins, potassium, and selenium. With sufficient light, humidity, ventilation, temperature, nutrients, pH, and air pressure, mushrooms need a regulated climate. These mushrooms are known to be packed with antioxidants and nutritional value, with a plethora of health claims for each different species. These mushrooms have been used for hundreds of years due to their medicinal properties and superfood benefits. Functional mushrooms help to strengthen immune systems and are also used as a dietary option that is low in calories and high in protein, which is great for those who lack protein in their diet. In addition, it provides multiple vitamins and essential minerals.
Asia-Pacific Functional Mushroom Powder Market Dynamics
Opportunity
- Supportive government policies on promoting investment in health-conscious diet
In Asia-Pacific, local governments are taking the required steps to support a healthy diet. Many governments are providing strategic leadership, such as providing improved access to healthy foods in lower-income areas, using zoning laws to change local food environments, requiring menu labeling in restaurants, serving as a catalyst for community change by offering healthier foods at government facilities.
For instance,
- The Australian Government is promoting healthy eating through the information provided by nutrition surveys and how it is used. The purpose of nutrient reference values is to guide dietary intake. In addition, legislation has been developed by Food Standards Australia and New Zealand (FSANZ) for a healthy diet
With such instances, it is made clear that many governments have supportive government policies on promoting a health-conscious diet. Due to these supporting policies, key players are taking initiatives in investing in the market. This scope will further create a lot of opportunities for the already growing market of functional mushroom powder across the regions.
Challenges
- Side effects/ allergy reactions to mushroom products
High consumption of mushroom products can cause adverse side effects. Some species of mushrooms can cause allergic reactions in some people.
Consumption of undercooked or raw shiitake mushrooms can cause rashes, which are known as Flagellate dermatitis or "Shiitake Mushroom dermatitis." These rashes are caused by a hypersensitive reaction to Lentinan, a bioactive component present in the shiitake mushroom. Rashes
Asia-Pacific Functional Mushroom Powder Market Scope
The Asia-Pacific functional mushroom powder market is segmented into species, mushroom part, product type, product category, nature, category, cultivation method, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Application
- Food beverages
- Dietary supplements
- Nutraceutical
- Pharmaceutical
- Personal care
- Sports nutrition
- Medicinal
- Veterinary
- Cosmetic
- Livestock feed
- Others
Asia-Pacific Functional Mushroom Powder Market Regional Analysis/Insights
The countries covered in the Asia-Pacific functional mushroom powder market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific functional mushroom powder market during the forecast period due to the growing market of meat alternatives across the globe.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Asia-Pacific brands and their challenges faced due to high competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Functional Mushroom Powder Market Share Analysis
The Asia-Pacific functional mushroom powder market competitive landscape provides details about the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, GCC presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the Asia-Pacific functional mushroom powder market.
Some of the major players operating in the functional mushroom powder market are
- Hangzhou Molai Biotech Co., Ltd.,
- Aloha Medicinals,
- Greenjeeva,
- Westyard Agro LLP,
- Spice Alliance,
- LCC,
- Unearthed Co.
- Mushrooms,
- Clearprise Technologies Pvt Ltd,
- among others.
Major TOC of the Asia-Pacific Functional Mushroom Powder Market Report
Chapter One:
- MARKET SEGEMENTATION
- EXECUTIVE SUMMARY
- PREMIUM INSIGHTS
- MARKET OVERVIEW
Get TOC of the Report: https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-functional-mushroom-powder-market
Access Full Report:- https://www.databridgemarketresearch.com/reports/asia-pacific-functional-mushroom-powder-market
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