Overview and Scope
Mushroom refers to a reproductive structure that some fungus create. It resembles a plant’s fruit in some ways, but instead of seeds, it really generates millions of tiny spores that develop in the pores or gills found beneath the mushroom’s top. It is a complicated, enormous, fleshy fruiting body of a fungus (such as a basidiomycete) that typically consists of a stalk containing a pileus.
Sizing and Forecast
The mushroom market size has grown strongly in recent years. It will grow from $61.33 billion in 2023 to $66.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the increasing vegan population, the increased awareness about health benefits of mushrooms, and the rise in demand for processed foods. .
The mushroom market size is expected to see strong growth in the next few years. It will grow to $94.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to the increasing government support, rapid urbanization, the rising demand for food products, the increasing vegetarian population, the rising population, and the growing number of health-conscious consumers . Major trends in the forecast period include increasing investments in mushroom farms, focusing on strategic acquisition to expand their market presence, investing in advanced technology to reduce the production time and cost, focus on developing new and innovative mushroom varieties, and focus on product innovations..
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Segmentation & Regional Insights
The mushroom market covered in this report is segmented –
1) By Type: Button Mushrooms, Shiitake Mushrooms, Oyster Mushrooms, Other Products
2) By Forms: Fresh, Frozen, Dried, Canned
3) By Application: Food Processing, Retail Outlets, Food Services, Other Applications
4) By Distribution Channel: Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online Sales Channel
Asia-Pacific was the largest region in the mushroom market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for a vegan diet is expected to propel the growth of the mushroom market. A vegan or plant-based diet excludes all animal products, meat, dairy, and eggs. Many consumers are moving towards vegan diets due to health, animal welfare, and environmental concerns, and because of this, the consumption of mushrooms is increasing. For example, in 2022, according to Cook Unity, a US-based company that offers flexible and convenient meal delivery plans that match customer needs and tastes, 5% to 6% of Americans who don’t consume meat or fish will declare themselves vegetarians. Additionally, in December 2021, according to the Plant Based Foods Association, a US-based food association, plant-based food sales are rising, expanding 6.2% in 2021 over a record-breaking year of growth in 2020. Thus, the rising demand for a vegan diet is driving the mushroom market.
Key Industry Players
Major companies operating in the mushroom market report are Monaghan Mushrooms Ltd, Monterey Mushrooms Inc, Giorgio Fresh Co, South Mill Champs, Costa Group Holdings Limited, Bonduelle Group, Greenyard NV, Scelta Mushroom BV, Drinkwater Mushrooms Ltd, Fresh Lawn Mushroom Pvt. Ltd, Chenab Impex Pvt. Ltd, Nuvedo Labs Pvt Ltd, Shanghai Finc Bio-Tech Inc, Fujian Junyuan Food Co Ltd, White Prince Mushrooms, Agro Dutch Industries Ltd, Kawayo Green Farm, Weikfiield Foods Pvt Ltd, Okechamp SA, CMP Mushrooms, Hughes Group, Nasza Chata, Carleton Mushroom Farms Ltd, Enviro Mushroom Farm Inc, F & A Veggy-Symphony, Highline Mushrooms, Phillips Mushroom Farms, Mushroom King Farm, Kitchen Pride Mushroom Farms, Corporacion Euro Caribe Andina, Brasil Global Trade, Shitakeiroscia Family Brazilian Farm, Natural Cogumelos, Ting Industria E Comercio Ltda, Mn Propolis Industria Comercio E Exportacao Ltda, Alejandro Varela, DF NATURAL, Huerta Dona Elvira, Amoro farm, Kinoko Mushroom Farms, Champignon Farm, Tekoa Farms, Eco Fresh, Below Farm, Kinoko Farms, Highveld Mushrooms, African Mushroom Growers, Medallion Mushrooms, Country Mushrooms Ltd, Denny Mushroom, Mushroom Guru, Mushroom Network, Soko Mushrooms
The mushroom market report table of contents includes:
1. Executive Summary
2. Mushroom Market Characteristics
3. Mushroom Market Trends And Strategies
4. Mushroom Market – Macro Economic Scenario
5. Global Mushroom Market Size and Growth
…..
32. Global Mushroom Market Competitive Benchmarking
33. Global Mushroom Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mushroom Market
35. Mushroom Market Future Outlook and Potential Analysis
36. Appendix
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