Rising demand of mushrooms from food industry owing to its anti-oxidant properties and high nutritional content is driving the market growth. Medicinal use of mushrooms in the prevention of cancer, allergies, and arthritis is fueling the market growth. In addition to this, rising consumption of mushroom in soups, salad, and other recipes has raised its demand in hotels and restaurants. Also, increased investment by major players in enhanced packaging and expanding application areas is boosting the market growth.
As per the latest report added by Value Market Research, the Global Mushroom Market was valued at USD 36 BN (by revenue) in 2017 and is anticipated to reach USD 61.7 BN by 2024 with a CAGR of 8.0%.
BUTTON MUSHROOMS EMERGED AS LEADING SEGMENT
In 2017, button mushroom leads the segment and has accounted for X.X% of the total market share. Owing to anti-fungal, anti-bacterial and other nutritional properties coupled with easy availability, button mushroom is gaining driving segment growth.
FRESH MUSHROOM DOMINATED THE FORM SEGMENT
On the basis of form, fresh mushroom led the segment owing to additional health benefits associated coupled with shifting consumer preference towards fresh and organic food is driving the segment growth. In 2017, Fresh mushroom accounted for 60% of the total market share. Also, rising health awareness within the population is further boosting the product demand in end-use industries.
BY APPLICATION, FOOD SERVICE GAINED THE MAXIMUM MARKET SHARE
In 2017, food service dominated the application segment and has accounted for X.X% of the total market share. Rising demand of mushrooms in soups, salad, and other recipes is driving the segment growth. Rising trend of vegan diet among consumers is contributing majorly to segment growth.
EUROPE EMERGED AS LEADING REGIONAL MARKET
Geographically, Europe dominated the market and has accounted for 35% of the total market share. Rising demand and consumption of mushrooms from end-user industries is predominantly driving the regional market growth. Also, European countries such as France, UK, and Italy being the largest producer of mushroom, is further fueling market growth.
KEY PLAYERS OF THE MARKET
Bonduelle SA, CMP Mushrooms Greenyard NV, Costa Group, Drinkwater’s Mushroom Ltd., Monaghan MushroomsMonterey Mushrooms Inc., Okechamp S.A., Shanghai Finc Bio-Tech Inc. and The Mushroom Company are the major vendors of the mushroom market.
The global demand for Mushroom Market is presumed to reach the market size of nearly USD 124.92 Billion by 2032 from USD 60.15 Billion in 2023 with a CAGR of 8.46% under the study period 2024 - 2032. By volume, the market was estimated XX Kilo Tons in 2023 and is expected to reach XX Kilo Tons by 2032 with a CAGR of XX%.
Mushroom alternatively known as toadstool refers to spore-producing, umbrella-shaped fungi with high nutritive value. Mushrooms are classified as edible and inedible. Edible one is generally referred as mushrooms whereas inedible are known as toadstools. Mushrooms are cholesterol free, posses' anti-oxidant properties and have essential amino acids and vitamin B complex to a certain limit. Consumption of edible mushroom can lead to prevention from heart attack, cancer, and diabetes increases in-built immunity and also helps in body weight management.
Market Dynamics
Rising demand for mushrooms from food industry owing to high nutritional contents is driving the market growth. Growing consumption of mushrooms in soups, salad and other recipes in restaurants and hotels is further fueling the market growth. Rising consumer preference towards consumption of vegan diet is presumed to foster the market growth. Increased investment by major players in enhanced packaging and expanding application areas is further boosting the market growth. On the flip side, low shelf life coupled with lack of proper process management is restraining the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of mushroom.
Market Segmentation
The broad mushroom market has been sub-grouped into type, form, and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Button
- Shiitake
- Oyster
- Matsutake
- Truffles
- Other
By Form
By Distribution Channel
- Direct to Customer
- Grocery Stores
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
By Application
- Food
- Pharmaceutical
- Cosmetics
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for mushroom in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Mushroom Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the mushroom market include Bonduelle SA, CMP Mushrooms Greenyard NV, Costa Group, Drinkwater's Mushroom Ltd., Monaghan Mushrooms, Monterey Mushrooms Inc., Okechamp S.A., Shanghai Finc Bio-Tech Inc., The Mushroom Company. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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