Shiitake Mushroom Market Size, Share, Trend, Global Analysis, Top Key Players Review and Forecast

Market Overview:

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.

Based on the category of shiitake mushroom, fresh shiitake mushroom is dominating the market holding a global market share of 49.8%. However, dried shiitake mushroom is expected to have the highest growth rate over the forecast period 2017-2023 followed by processed shiitake mushroom. Moreover, increasing awareness of health and medicinal benefits associated with shiitake mushroom is propelling the growth of this market. Additionally, continuous research on the shiitake mushroom market and the efforts from the key players for marketing the shiitake products is further driving the market of shiitake mushroom.

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Major Key Players:

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major shiitake mushroom market players. It further includes product portfolios, developments of leading players, which includes

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) and
Banken Champignons (the Netherlands)
Latest Industry Updates:

Dec 2017 Nashville-based Holistic Pet Food and Media Company PET has launched five new herbal supplements for pets. Out of which one is to complement immune and includes a powerful blend of four functional mushrooms: Maitake, Reishi, Shiitake, and Turkey Tail combined with antioxidants to provide extra strength immune support.

Nov 2017 Swedish mushroom producer Hällestadsvamp AB has been awarded second place for the Skane Gastronomiska 2018 innovative food award for their pickled shiitake mushrooms, an alternative for pickled herring.

Sept 2017 Kellogg invests in mushroom protein company MycoTechnology. The four-year-old firm's major products are a bitter blocker called ClearTaste and a vegan Shiitake mushroom-based protein called PureTaste.

March 2017 Bonduelle SA, a leading mushroom manufacturer has acquired Ready Pac Foods, the U.S. producer of convenience fresh meal solutions, salads and fresh cut produce.

Market Segments:

The global Shiitake mushroom market has been divided into type, application and region.

On The Basis Of Category: Fresh, Dried, and Processed

On The Basis Of Application: Food, Pharmaceuticals, Cosmetics, and Others

On The Basis Of Sales Channel: Store Based (Wholesaler/ Distributor, Retail Stores, Specialty Stores, and others), and Non-Store Based

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

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Regional Analysis:

The global Shiitake mushroom market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Among the regions, Asia Pacific is dominating the shiitake mushroom market with over 82.54% of the global market share and is projected to reach more than USD 26.79 billion by 2023. In Asia Pacific, China is expected to grow at the highest rate followed by Vietnam over the forecast period. Moreover, RoW is projected to witness the highest growth rate during the forecast period 2017-2023 in which Africa is expected to grow at the highest growth rate. In RoW, Middle East is dominating the market with market share of 80% in the year 2017.

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This release was published on openPR.