Shiitake Mushroom Market Key Players Analysis | Bonduelle SA, Mitoku Company, Ltd., Agro Dutch Industries Ltd. and The Mushroom Company

Shiitake Mushroom Market:

The Global Shiitake Mushroom Market has witnessed constant demand during the last few years and is projected to reach USD 35.4 billion at a CAGR of 15.31% by 2023. Shiitake mushroom is an edible specialty mushroom which was originated in East Asia. It is commonly used in preparation of various cuisines of East Asia. High nutritional value as well as medicinal value associated with the shiitake mushroom is increasing its application in pharmaceutical industry as well. High demand of shiitake mushroom in processed foods owing to its rich and robust flavoring attribute is further boosting the growth of shiitake mushroom. Moreover, increasing popularity of shiitake mushroom in cosmetics is adding fuel to the growth of shiitake mushroom. High consumption of shiitake mushroom in Asia Pacific, mainly in China is influencing the market growth since last few years.

Asia Pacific will dominate the Shiitake Mushroom Market and is estimated to reach the market share of USD 1.7 billion in the year 2017. Consumption of shiitake mushroom from RoW is projected to witness a high growth rate of 15.01% during the given period owing to the increasing awareness and rise in application of shiitake mushroom in various industries.

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On the basis of the category, fresh shiitake mushroom will dominate the market and is projected to hold a major share of approx. 50% in the global market. Fresh shiitake mushroom is widely used in preparation of different cuisines for its rich and robust flavoring attribute which is driving the market of fresh shiitake mushroom. Asia Pacific is dominating the market in use of fresh shiitake mushroom followed by Europe. However, North America is witnessed to be the second largest growing country in fresh shiitake mushroom at a CAGR of 14.36% over the forecast period.

Based on the application, food industry is dominating the market holding a leading share of 54.4%. However, increasing awareness of high nutritional and medical benefits of shiitake mushroom including improved cardiovascular health, bone-building, improved digestion, healing chromosome damage caused by anti-cancer treatments and others is boosting the application of shiitake mushroom in pharmaceuticals at a CAGR of 16.56% over the forecast period.

Major Key Players: Some of the leading players in the global shiitake mushroom market are: Bonduelle SA (France), Mitoku Company, Ltd. (Japan), Agro Dutch Industries Ltd. (India), The Mushroom Company (U.S.), Modern Mushroom Farms (U.S.), Hirano Mushroom LLC (Kosovo), Banken Champignons (the Netherlands).

Key Findings: Global shiitake mushroom market is projected to reach USD 35.4 billion by 2023 at a growth rate of 15.31% Dried shiitake mushroom is witnessed to have a highest growth rate with CAGR of 14% over the forecast period 2017-2023 Fresh shiitake mushroom is expected to grow at a CAGR of 15.59% in Asia Pacific followed by North America over the forecast period. Application of shiitake mushroom is projected to witness highest growth rate in pharmaceutical industry followed by cosmetic industry over the estimated period.

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This release was published on openPR.