Mushroom Market in Demand: Sentiment is Shifting Towards Growth

The global mushroom market is projected to reach around US$ 87.7 billion by the end of 2027, in terms of revenue, growing at CAGR of 8% during the forecast period (2019-2027).

Mushroom is a fruit of fungi that grows under the ground in the presence of humidity, food, a temperature which leads to the formation of buds- a mushroom. These buds grow more in size in the presence of sunlight and produce millions of spores like pollen or seeds which are then traveled by air and the rest of the mushroom then matures, living on the soil. Mushroom can be classified into an edible and non-edible mushroom, edible mushroom contains lots of nutrients and non-edible mushroom if eaten may cause stomach ache or vomiting.

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Growing consumption of mushroom processed food is expected to propel the market growth of mushroom. Mushrooms are widely used in processed food products such as jarred mushrooms, processed mushrooms, canned mushrooms, and customized processed mushrooms as they contain a high nutritional and functional value. Hence, rising consumption of processed mushroom food around the globe is a major factor propelling the market growth of mushrooms over the forecast period.

Rising awareness regarding the health benefits of mushroom is shifting consumer preferences for mushroom is projected to augment the market growth of mushroom. Across developing countries, consumers adopting a healthy lifestyle and are more conscious of their diet and mushroom-based processed food products are highly rich in minerals, vitamins, and protein which is further expected to raise their demand, in turn propelling the market growth of mushroom.

Rising advancement in packaging technologies such as Sira-Flex film for packaging of mushrooms for maintaining moisture, inhibiting the bacterial contamination, and avoids spoilage or browning of the product is expected to propel the market growth. Such an advanced packaging solution improves shelf life as well as the aesthetic appeal of the product and also enables manufacturers to offer a variety of mushrooms at various stores, supermarkets, hypermarkets, etc.

Competitive Section:

Key players operating in global mushroom market are Bonduelle Fresh Europe, Costa Group, Drinkwater’s Mushrooms Limited, Greenyard NV (Lutece Holdings B.V.), Monaghan Mushrooms Ireland, Monterey Mushrooms Inc., Okechamp S.A., Shanghai Finc Bio-Tech Inc., Shanghai Finc Bio-Tech Inc., and CMP Mushrooms.

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This release was published on openPR.