Button Mushroom Market - Global Industry Analysis

Button Mushroom Market

Button Mushroom Market - by Application (Fresh and Processed): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 14-May-2021 Category: Food & Beverage Report Format : PDF Pages: 140 Report Code: ZMR-1498 Status : Published

The global Button Mushroom Market accounted for USD 16.73 Billion in 2020 and is expected to reach USD 27.39 Billion by 2028, growing at a CAGR of 7.3% from 2021 to 2028.

Description

Market Overview

The global Button Mushroom Market accounted for USD 16.73 Billion in 2020 and is expected to reach USD 27.39 Billion by 2028, growing at a CAGR of 7.3% from 2021 to 2028.

The demand for button mushroom is expected to rise at a significant rate during the forecast period owing to rising consumer preference. The reports by the National Horticulture Board suggests that, the annual production of mushroom in India accounted for 1,00,000 tonnes, 85% of which is accounted for button mushroom. Earlier the cultivation of button mushroom was limited to winter season only however, with the advancement in technology; the cultivation of mushroom is possible throughout the year.

Moreover, rising consumption of mushroom globally is one of the key factors contributing to the growth of market. For instance, the Agricultural Marketing Resource Center suggested that, in the year 2015 each person in the United States consumed, on average, around 3 pounds of mushrooms. The health benefits associated with mushroom such as, the National Cancer Institute suggests that, it helps in the prevention of lung, breast and other kinds of breast cancer. For instance, the report by GLOBOCAN 2020, suggests that, Female breast cancer is the most commonly diagnosed cancer globally, followed by lung cancer. The potassium present in mushroom aims to improve the cardiovascular health. As per the guidelines of Office of Disease Prevention and Health Promotion, it is advised to consume around 4,700 milligrams (mg) of potassium each day. Mushrooms appear on the AHA’s list of foods that provide potassium. The aforesaid reasons are some of the key factor contributing to the growth of the market.

Major players operating in the global button mushroom market comprise Costa Pvt Ltd, Bonduelle Fresh Europe, Lutece Holdings B.V., Drinkwater’s Button Mushrooms Limited, Monterey Button Mushrooms Inc., Monaghan Button Mushrooms Ireland, Shanghai Finc Bio-Tech Inc., Okechamp S.A., and The Button Mushroom Company among others. These players have a major role in the growth of button mushroom market. Key players are opting strategies such as mergers, acquisition along with expanding their production facility. For instance, in September 2018, Sylan Inc., one of the leading producer of mushroom merged with Yugan China. With the help of this merger both the company aims to increase its mushroom production. Likewise, in March 2018, Highline Mushroom, one of the leading mushroom company acquired Prairie Mushroom grower, based in Canada.

COVID-19 Impact Analysis

The Button Mushroom Market is expected to grow at a significant rate during the Covid-19 crisis owing to increased health awareness among the consumers. Consumers nowadays are inclining towards packed and health food products. Also, mushrooms are great source of protein and health experts advised that protein-rich diet can help repair the damaged body tissues and muscle loss due to the COVID-19 infection. Thus is expected to drive the overall growth of the market.

Growth Factors

Various health experts suggests that optimal nutrition that is proper combination of micronutrients such as carbohydrates and protein is required to overcome or recover from the effects of the COVID-19. Mushroom offers proteins that contain essential amino acid, which may cover the dietetic requirements, as well as may have certain economic advantages as compared to animal and plant sources. Moreover, mushrooms offer the ability to grow in agro-industrial waste field, as submerged cultures, reaching high yields in a short period of time. Edible mushrooms can be to obtain a wide variety of food products enriched with high quality protein, which may have as well improved functional properties.

Due to the rising vegan trends consumers are nowadays opting for clean and plant based products which is further expected to increase the demand for the global button mushroom market over the forecast period. For instance, the number of vegans in the U.S. grew by 600% from 4 million in the year 2014 to 20 million in 2018.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Application Segment Analysis Preview

Based on application, the global button mushroom market is segmented into fresh and mushroom. The fresh mushroom segment is expected to grow at a significant rate owing to rising R&D activities across the globeIn the food industry, both processed and fresh mushrooms are used to make a variety of products. Due to rising food production in developing countries, the fresh mushroom sector was the most dominant. In 2020, the fresh mushroom sector dominated the global button mushroom market, accounting for 63% of total sales.

Regional Analysis Preview

Europe held around 30% of the market share in the overall button mushroom market owing to rising trend of veganism in the region. For instance, in November 2020, The Veganz, a Berlin-based supermarket chain, revealed that, the number of vegans in Europe has doubled from 1.3 million in the year 2016 to 2.6 million in 2020. Moreover, rising mushroom production in the region also supports the market growth. In 2019 Germany’s annual mushroom production accounted for 83 Thousand Metric Tons. The aforesaid factors are the key reasons contributing to the growth of market over the forecast period.

Asia Pacific held the dominant position in the global button mushroom market owing the presence of largest mushroom production country in the world. China is the largest edible mushroom producer in the world. The annual product of mushroom in China accounted for 38.4 million tonnes in 2017. The aforesaid reasons are key factor contributing to the growth of the market over the forecast period.

Key Market Players & Competitive Landscape

Some of key players in Button Mushroom Market are Costa Pvt Ltd, Bonduelle Fresh Europe, Lutece Holdings B.V., Drinkwater’s Button Mushrooms Limited, Monterey Button Mushrooms Inc., Monaghan Button Mushrooms Ireland, Shanghai Finc Bio-Tech Inc., Okechamp S.A., and The Button Mushroom Company.

 The global Button Mushroom Market is segmented as follows:

By Application

  • Fresh
  • Processed

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

Mushrooms are in prime focus in the food industry for their multi-functional benefits. Mushrooms are considered good for health as they contain negligible sodium and gluten content. It belongs to the family of fungus and generally characterized as fruit bearing and spore forming fungus. The button mushroom is full of nutrients, low in calories, high in proteins, Vitamins, Minerals and a rich source of folic acid.

The mushroom market is expected to witness robust growth in the near future. Market is anticipated to be driven by growing demand for processed food and increasing consumption of organic food. Low fat and cholesterol content is presumed to result in higher mushroom acceptance among consumers. Grouped under vegetables, mushroom contains various nutrients such as potassium, vitamin, and selenium. With a rise in income levels, the demand for mushrooms is bound to increase across all major developing nations. Low shelf life of button mushroom is expected to have negative impact on button mushroom market. Growing awareness among people about button mushroom is expected to show high consumption in coming future.  

Global-Button-Mushroom-Market_new

Button mushroom market is categorized on the basis of its application into; fresh mushroom and processed mushroom. Fresh and processed mushrooms are utilized in the food industry for manufacturing numerous food products. Fresh mushroom dominates market growth in 2016. Applications of processed mushroom includes; dried mushroom, canned mushroom, frozen mushroom and others. Mushroom market growth is anticipated due to increasing demand for processed food.  

By geography, the button mushroom market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Among all, Europe was the largest market for button mushroom market in 2016, as consumer started preferring healthy and low fat food. Growing awareness about health and wellness has shown significant change in their food preferences and eating habits. North America has elevated growth due to growing demand for processed food. North America held the second largest market share with 30.20% of the total market share in 2016 and expected to add USD 1.96 Billion by the end of 2022. Latin America and Middle East & Africa is likely to show new growth opportunity in coming future for button mushroom market. 

Major companies have been investing in product innovation, technological advancement, and maintaining quality standards in order to retain their dominance in the market. Some of these key participants operating in the global market are Bonduelle Fresh Europe, Costa Pvt Ltd, Drinkwater’s Button Mushrooms Limited, Lutece Holdings B.V., Monaghan Button Mushrooms Ireland, Monterey Button Mushrooms Inc., Okechamp S.A., Shanghai Finc Bio-Tech Inc., The Button Mushroom Company and others.

FrequentlyAsked Questions

The global Button Mushroom Market was valued at USD 16.73 Billion in 2020.

The global Button Mushroom Market is expected to reach USD 27.39 Billion by 2028, growing at a CAGR of 7.3% between 2021 to 2028.

Some of the key factors driving growth of the global Button Mushroom Market are rising trends of veganism globally.

Asia Pacific region held a substantial share of the Button Mushroom Market in 2020. This is attributable to the increased mushroom production in the region.

Some of the major companies operating in Button Mushroom Market are SCA Hygiene, Unicharm, Bumkins, Procter & Gamble, Kimberly-Clark, KAO Corporation, Diapees and Wipees, and Hengan amongst others.

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