NEW YORK, July 16, 2021 /PRNewswire/ -- Technavio's latest report on the chaga mushroom-based products market projects a growth of USD 12.50 billion, registering a CAGR of over 12%Â during 2021-2025. According to the report, the Packaged Foods & Meats industry will have a
POSITIVE impact due to the continued spread of the COVID-19 pandemic. Besides, the report provides a detailed analysis of the pre-and post-impact of COVID-19 on businesses.
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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.