The global Mushroom Market accrued earnings worth approximately 50.4 (USD Billion) in 2021 and is predicted to gain revenue of about 100.1(USD Billion) by 2028, is set to record a CAGR of nearly 9.8% over the period from 2022 to 2028.
The global Mushroom Market accrued earnings worth approximately 50.4 (USD Billion) in 2021 and is predicted to gain revenue of about 100.1(USD Billion) by 2028, is set to record a CAGR of nearly 9.8% over the period from 2022 to 2028. The study provides assessment and analysis of the Mushroom Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).
Mushroom Market: Synopsis
Escalating awareness pertaining to intake of functional diet has produced boom in new era. Mushroom, being a functional constituent of diet, is widely consumed owing to its medicinal & nutritional property. Mushrooms belong to ascomycetes and have anti-oxidant & anti-microbial features. Reportedly, the product is rich source of immune-modulating & anti-cancer agents. They possess health-promoting features and are high source of new pharmaceuticals. Mushrooms find slew of applications in healthcare sector for treatment of skin disorders and AIDS. In addition to this, Mushrooms are anti-allergic and can be used as anti-choresterol, anti-cancer, and anti-tumor agents.
These products have high proportion of carbohydrates, xylans, like chitin, beta & alpha glucans, galactans, hemicellulose, and mannans. This has prompted their use as probiotics. It confers benefit to hosts through inhibition of exogenous pathogens.
Mushroom Market: Growth Factors
Rise in trend of consuming vegan diet across globe has become a key growth factor of mushroom market. High nutritional contents found in mushrooms have made their use popular in diet. Furthermore, ability of mushroom to reduce oxidative stress and need for minimizing risk of chronic diseases will open new growth avenues for mushroom industry. In addition to this, mushroom is a major source of myochemical and can boost defense mechanism of population. This will prop up use and penetration of product in diet, thereby driving market trends.
Moreover, surge in health awareness will pave a way for expansion of mushroom market. Apart from this, rise in funding of commercial cultivation activities will steer progression of mushroom industry. A prominent increment in fresh mushroom demand owing to growing preference for organic diet has culminated into rapid expansion of mushroom market.
Mushroom Market: Regional Landscape
Asia Pacific Market To Experience Lucrative Surge Over Forecasting Years
Expansion of mushroom market in APAC in forecasting years can be attributed to rise in disposable income of population in countries such as China. Apart from this, surging intake of mushroom in Asia nations such as India and Japan will open new vistas of growth in region over forecasting timespan. Additionally, acceptance of new methods of mushroom cultivation in sub-continent will enlarge scope of industry in forthcoming years. Presence of reputed manufacturers in region will culminate into humungous regional market expansion over upcoming years.
|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.|
Mushroom Market: Competitive Overview
Mushroom has played a major role in controlling gut microbiota and has lucratively impacted food industry owing to its health promoting features. Apart from this, players in mushroom industry have also adopted product development strategies to expand their business across the globe, thereby favorably leveraging business landscape. We have profiled these players in our report and they are OKECHAMP S.A., Weikfield Foods Pvt. Ltd., Monaghan Mushrooms, Monterey Mushrooms, Inc., Prime Fresh Ltd., Drinkwater Mushrooms Ltd, Agro Dutch Industries Limited, Scelta Mushrooms BV, Bonduelle, Modern Mushroom Farms, Hughes Mushroom, Banken Champignons BV, and Kulkarni Farm Fresh Private Limited.
The global Mushroom Market is segmented as follows:
By Distribution Channel
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.
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 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.
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.
Rise in trend of consuming vegan diet across globe has become a key growth factor of mushroom market.
According to Zion market research report, The global Mushroom Market accrued earnings worth approximately 50.4 (USD Billion) in 2021 and is predicted to gain revenue of about 100.1(USD Billion) by 2028, is set to record a CAGR of nearly 9.8% over the period from 2022 to 2028.
Asia Pacific will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Mushroom Market size in region over 2022-2028 can be attributed to rise in disposable income of population in countries such as China. Apart from this, surging intake of mushroom in Asia nations such as India and Japan will open new vistas of growth in region over forecasting timespan.
The key industry participants leveraging business sphere include OKECHAMP S.A., Weikfield Foods Pvt. Ltd., Monaghan Mushrooms, Monterey Mushrooms, Inc., Prime Fresh Ltd., Drinkwater Mushrooms Ltd, Agro Dutch Industries Limited, Scelta Mushrooms BV, Bonduelle, Modern Mushroom Farms, Hughes Mushroom, Banken Champignons BV, and Kulkarni Farm Fresh Private Limited.