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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:

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

  • Chapter 1. Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter 2. Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
      • 2.1.2. Market Attractiveness Analysis, By Application
      • 2.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Button Mushroom Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter 3. COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter 4. Button Mushroom Market – Application Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 4.2. Fresh
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Processed
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter 5. Button Mushroom Market – Regional Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.2.2. North America Market Revenue, By Application, 2016 – 2028
      • 5.2.3. U.S.
        • 5.2.3.1. U.S. Market Revenue, By Application, 2016 – 2028
      • 5.2.4. Canada
        • 5.2.4.1. Canada Market Revenue, By Application, 2016 – 2028
      • 5.2.5. Mexico
        • 5.2.5.1. Mexico Market Revenue, By Application, 2016 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.3.2. Germany
        • 5.3.2.1. Germany Market Revenue, By Application, 2016 – 2028
      • 5.3.3. France
        • 5.3.3.1. France Market Revenue, By Application, 2016 – 2028
      • 5.3.4. U.K.
        • 5.3.4.1. U.K. Market Revenue, By Application, 2016 – 2028
      • 5.3.5. Italy
        • 5.3.5.1. Italy Market Revenue, By Application, 2016 – 2028
      • 5.3.6. Spain
        • 5.3.6.1. Spain Market Revenue, By Application, 2016 – 2028
      • 5.3.7. Rest of Europe
        • 5.3.7.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 5.4. Asia Pacific
      • 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 5.4.3. China
        • 5.4.3.1. China Market Revenue, By Application, 2016 – 2028
      • 5.4.4. Japan
        • 5.4.4.1. Japan Market Revenue, By Application, 2016 – 2028
      • 5.4.5. India
        • 5.4.5.1. India Market Revenue, By Application, 2016 – 2028
      • 5.4.6. South Korea
        • 5.4.6.1. South Korea Market Revenue, By Application, 2016 – 2028
      • 5.4.7. South-East Asia
        • 5.4.7.1. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 5.4.8. Rest of Asia Pacific
        • 5.4.8.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.5.2. Latin America Market Revenue, By Application, 2016 – 2028
      • 5.5.3. Brazil
        • 5.5.3.1. Brazil Market Revenue, By Application, 2016 – 2028
      • 5.5.4. Argentina
        • 5.5.4.1. Argentina Market Revenue, By Application, 2016 – 2028
      • 5.5.5. Rest of Latin America
        • 5.5.5.1. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 5.6. Middle-East and Africa
      • 5.6.1. Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.6.2. Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.3. GCC Countries
        • 5.6.3.1. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 5.6.4. South Africa
        • 5.6.4.1. South Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.5. Rest of Middle-East and Africa
        • 5.6.5.1. Rest of Middle-East and Africa Market Revenue, By Application, 2016 – 2028
  • Chapter 6. Button Mushroom Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technulogy Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter 7. Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Button Mushroom Market: Company Market Share, 2019
      • 7.1.2. Global Button Mushroom Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 7.1.3. Global Button Mushroom Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 7.1.4. Global Button Mushroom Market: Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Product Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter 8. Company Profiles
    • 8.1. Okechamp S.A.
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Product Portfulio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. Costa Pvt Ltd
    • 8.3. Bonduelle Fresh Europe
    • 8.4. Lutece Huldings B.V.
    • 8.5. Drinkwater’s Button Mushrooms Limited
    • 8.6. Monterey Button Mushrooms Inc.
    • 8.7. Monaghan Button Mushrooms Ireland
    • 8.8. Shanghai Finc Bio-Tech Inc.
    • 8.9. The Button Mushroom Company
  • Chapter 9. Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter 10. Research Methodulogy
    • 10.1. Research Methodulogy
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Button Mushroom market. Zion Research has collected and analyzed key data belong to the global Button Mushroom market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Button Mushroom across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Button Mushroom industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Button Mushroom market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

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.


Frequently Asked 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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