Industry Background:
The shiitake extract is the shiitake mushroom extract, it is considered as a medicinal mushroom extract as it has many health-related benefits like it boosts the immune system, destroys cancer cells, etc. The shiitake extracts are used to tone the liver and support overall immune health. According to the study the shiitake extracts also help in maintaining the healthy cholesterol levels that are already normal. The shiitake contains polysaccharides (alpha-/beta-homo- and heteroglycans), nucleic acids, provitamins, trace minerals, proteins, polyphenolic compounds, and other secondary plants metabolites.This growth is primarily driven by Increasing Demand for Shiitake Mushrooms Because of Various Health Benefits Associated with it
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | Value (USD Million) |
Key Companies in Study | Nutra Green Biotechnology Co., Ltd. (United States), Nammex (Canada), Source Naturals, Inc. (United States), Biofungi Supplements AG (Germany), Nikken Foods Inc. (United States), The Yield Growth Corp (Canada), Naturalin Bio-Resources Co., Ltd. (China), Organicway Inc. (China) and Laybio (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Nutra Green Biotechnology Co., Ltd. (United States), Nammex (Canada), Source Naturals, Inc. (United States), Biofungi Supplements AG (Germany), Nikken Foods Inc. (United States), The Yield Growth Corp (Canada), Naturalin Bio-Resources Co., Ltd. (China), Organicway Inc. (China) and Laybio (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Kaapa Biotech introduces the Nordic Mushrooms line. The Finnish company has approved distribution agreements in North America. In the North American market, Neutralis will deliver the product, and the company awaits partner opportunities in additional markets. and In 2021, After three years of R&D, Nammex, a supplier of organic mushroom extract ingredients, has achieved a breakthrough. Nearly 80 tonnes of fresh Trametes versicolor, commonly known as turkey tail, were harvested for commercial purposes this year. This makes Nammex (https://www.nammex.com/) the fastest and most exclusive company on the planet to commercially harvest turkey tails. Nammex avoids the challenges associated with wild crafting by growing turkey tails on fortified sawdust substrates in a good development environment.
On 17th September 2019, the Yield Growth Corp announced its agreement with Absolem Health Corp.to acquire a 30% interest in Absolem. They also entered into the consultancy agreement with Absolem to finance and provide them with other services for doing public transactions. The Absolem signed an agreement to acquire all the shares of One Up Pure Energy Inc., they offer all-natural plant-based healthy ready to eat snacks. It also manufactures mushroom power pellets. The company's goal is to improve access to all types of healthy edible mushrooms by scaling up the One Up Pure Energy into an international edible mushroom brand. As these medicinal mushroom extracts gain popularity, they are mainly available as powdered extracts, capsules and drink mixes.
Market Drivers
- Increasing Demand for Shiitake Mushrooms Because of Various Health Benefits Associated with it
- Growing Food and Beverages Industry
Market Trend
- Increasing use of Shiitake Extracts in Sauces, Dressing, Snacks Etc
- Rising Online Availability of Shiitake Extracts
Restraints
- Regulatory Compliance Associated with Shiitake Extracts
- Risk of Side Affects Involved with Consumption of Shiitake Extracts
Opportunities
Emerging Number of Applications of Shiitake Extracts in Various Food Products will Boost the Market and Surging Demand for Powdered Extracts in Food Supplements
Challenges
Maintaining Sustainability and Regulatory Standards
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Shiitake Extract Study Sheds Light on
The Shiitake Extract Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Shiitake Extract industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Shiitake Extract industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.