Global Mushroom market, which was estimated at 40 (USD Billion) in 2019 and is predicted to accrue earnings worth 78(USD Billion) by 2026, is set to record a CAGR of nearly 9.2% over 2020-2026.
The global Mushroom market, which was estimated at 40 (USD Billion) in 2019 and is predicted to accrue earnings worth 78(USD Billion) by 2026, is set to record a CAGR of nearly 9.2% over 2020-2026. The report offers valuation and analysis of Mushroom market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).
Introduction
Mushrooms possess low calorie contents, adequate proportion of carbohydrates, fewer fats, and required proportion of sodium. Apart from this, it consists of major nutrients like selenium, niacin, fiber, potassium, vitamin D, and riboflavin. Moreover, it fulfills the diet requirements of vegans and flexitarians who are health conscious. Mushroom quality depends on its taste or aroma. Apparently, mushroom is the key dietary source of anti-oxidant like ergothioneine. With its beneficial nutritive features, edible mushrooms have gained massive popularity across the globe.
Market Growth Dynamics
Burgeoning demand for diet containing less fats as well as reduction in cholesterol along with its ability to act as anti-oxidant will drag market graph in the upward direction. In addition to this, surge in the intake of processed food and massive awareness pertaining to health & fitness will elevate the business landscape over the estimated timeframe. Apparently, shifting end-user preference towards vegan or vegetarian diet and need for apt meat substitution will aid the mushroom industry growth over the estimated timespan.
Furthermore, improvement witnessed in the packaging techniques will further leverage the expansion of mushroom industry over the ensuing years. It has been observed that mushrooms help in reducing the growth of tumors in the human body along with preventing inflammation. Additionally, it also improves heart functioning and plays a key part in liven enzyme synthesis. Moreover, rise in the sale of mushrooms in supermarkets, hypermarkets, and retail stores due to its demand across hotels and restaurants is likely sketch a favorable picture of the product across the globe in the coming decade. Nonetheless, short shelf life of the product will impede the business growth over the ensuing years.
Asia Pacific To Contribute Majorly Towards Overall Industry Size By 2026
The expansion of the market in Asia Pacific over the forecast timeline is due to massive demand for mushroom in the countries like Japan, India, and China. Rise in the production of the mushrooms in the countries like China will further prompt the regional industry expansion over the years to come. In addition to this, rapid acceptance of new cultivation methods for harvesting of mushrooms in Asia Pacific zone will propel the market demand over the forthcoming years.
Key players favorably influencing the industry are OKECHAMP S.A., Weikfield Foods Pvt. Ltd., Monaghan Mushrooms, Monterey Mushrooms, Inc., Fresh Stock, Drinkwater Mushrooms Ltd., Agro Dutch Industries Ltd., the California Mushroom Farms Inc., Scelta Mushrooms BV, Bonduelle, Modern Mushroom Farms, Hughes Mushroom, Banken Champignons, Ecolink Baltic, The Mushroom Company, and Kulkarni Farm Fresh Pvt. Ltd.
The global mushroom market is segmented as follows:
By Type
By Application
By End User
By Region
This report is based on in-depth qualitative and quantitative analyses of the global Mushroom market. Zion Research has collected and analyzed key data belong to the global 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 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 the validation of findings from secondary research and to understand key trends in the 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:
Participants who typically participate in such a process include, but are not limited to:
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:
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 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:
Mushrooms are also known as toadstool belonging to the family of fungus and generally characterized as fruit bearing and spore forming fungus. Mushrooms are present in two types that are edible and toxic mushrooms. Edible mushrooms are either present below the ground known as hypogenous whereas epigeous are the mushrooms grow above the ground. Mushroom is gaining huge demand in recent times owing to its medical applications in medical. Mushroom contains calcium, phosphorus, vitamin B and vitamin D. They are considered under parasites group due to their dependency on other plants for food resource.
Mushroom consists of various nutritional factors which help in weight loss. It contains high proteins with low-cholesterol and low-fat content. Increasing demand from the food industries mainly drives the mushroom market. Moreover, growing number of health conscious populace coupled with the increase in demand for organic food aids the mushroom market growth. However, strict regulations for processing of mushrooms led by the FDA due to the presence of various harmful mushroom species may impede the growth of the market. In addition, the low shelf life of mushrooms is the other factor impacting on the growth of the mushroom market. Nonetheless, growing demand for mushrooms and escalating food chains and emerging food markets is likely to open a new avenue for the mushroom market in the near future.
Based on the type the mushroom market can be segmented as milky mushroom, button, shiitake, oyster, paddy mushroom, winter mushrooms and reishi mushroom among others. Button mushroom held the largest market among all the other type segments owing to easy availability and great taste. Various application segments for the mushroom market include fresh mushroom, processed mushrooms such as dried, canned, frozen and others. Both fresh and processed mushrooms are used in food industry for the production of several food products. Some of the end users for the mushrooms market is food processing industry, medical and direct consumption. There has been immense growth in the food industry owing to rapid urbanization and growing population. Increasing demand for processed and packed food is driving the market for food industry which in turn expected to augment the demand for mushrooms.
Mushroom is very popular among the Asian countries especially in India, China, and Japan. Therefore, Asia Pacific dominates the mushroom market and is likely to gain traction in the coming years. This mainly attributes to mushroom is highly consumed food along with growing demand for organic and protein food. North America and Europe are potent markets for mushroom. Europe is considered to be the largest producing and processing region for mushroom. Increasing demand for organic and high protein content food in North America and Europe is expected to spur the growth of the market. Latin America is anticipated to show decent growth in forecast period due to the use of mushroom in pizza and various different foods. The Middle East and Africa exhibits sustainable growth owning abundant raw resources.
Some of the key players in the mushroom include Monaghan Mushrooms, Fresh Stock, Agro Dutch Industries Ltd, Bonduelle, Modern Mushroom Farms, Hughes Mushroom, Scelta Mushrooms BV, Drinkwater Mushrooms Ltd, Banken Champignons, the California Mushroom Farms Inc, Monterey Mushrooms, Inc, Ecolink Baltic, OKECHAMP S.A., The Mushroom Company, Weikfield Foods Pvt. Ltd and Kulkarni Farm Fresh Pvt. Ltd among others.
Burgeoning demand for diet containing less fats as well as reduction in cholesterol along with its ability to act as anti-oxidant will drag market graph in the upward direction. In addition to this, surge in the intake of processed food and massive awareness pertaining to health & fitness will elevate the business landscape over the estimated timeframe. Apparently, shifting end-user preference towards vegan or vegetarian diet and need for apt meat substitution will aid the mushroom industry growth over the estimated timespan. Furthermore, improvement witnessed in the packaging techniques will further leverage the expansion of mushroom industry over the ensuing years.
According to Zion market research report, the global Mushroom market, which was estimated at 40 (USD Billion) in 2019 and is predicted to accrue earnings worth 78(USD Billion) by 2026, is set to record a CAGR of nearly 9.2% over 2020-2026.
Asia Pacific is likely to make noteworthy contributions towards overall market proceeds during the estimated timeframe. The regional market growth over 2020-2026 can be credited to massive demand for mushroom in the countries like Japan, India, and China. Rise in the production of the mushrooms in the countries like China will further prompt the regional industry expansion over the years to come. In addition to this, rapid acceptance of new cultivation methods for harvesting of mushrooms in Asia Pacific zone will propel the market demand over the forthcoming years.
The key players profiled in the report include OKECHAMP S.A., Weikfield Foods Pvt. Ltd., Monaghan Mushrooms, Monterey Mushrooms, Inc., Fresh Stock, Drinkwater Mushrooms Ltd., Agro Dutch Industries Ltd., the California Mushroom Farms Inc., Scelta Mushrooms BV, Bonduelle, Modern Mushroom Farms, Hughes Mushroom, Banken Champignons, Ecolink Baltic, The Mushroom Company, and Kulkarni Farm Fresh Pvt. Ltd.
Corporate Office
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Asia Pacific Office
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.