At 6.3% CAGR, the global mushroom market is projected to accrue US$ 66,195.0 million by 2027, says The Insight Partners

According to The Insight Partners' research, the global mushroom market was appraised at US$ 38,665.0 million in 2018 and is projected to be worth US$ 66,195.0 million by 2027, augmenting at 6.3% CAGR over 2018-2027. High nutritive & culinary properties of mushrooms and widespread application of mushrooms in food service & food processing industries are the key factors contributing market expansion.

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Mushrooms are low-calorie and cholesterol-free. They have several minerals and vitamins, including copper, potassium, magnesium, zinc, and folate. Mushrooms are also high in antioxidants such as selenium and glutathione or GSH, substances believed to protect cells from damage and reduce chronic disease and inflammation. In addition, mushrooms are the richest dietary source of another antioxidant called ergothioneine, or ERGO. Due to these nutritive properties edible mushrooms are quite popular among consumers globally, which is driving the market for mushrooms.

Mushrooms have a unique texture, good aroma, taste, and flavor and are an important natural source of foods and medicines. They have high fiber, low fat, and low starch, which makes them ideal food for obese persons and diabetics. They are also known to possess promising antioxidative, cardiovascular, hypercholesterolemia, antimicrobial, hepato-protective, and anticancer effects, which increase mushroom demand and consumption, thus stimulating market growth. Market players are offering processed mushrooms with different added flavors.

For instance, Monterey Mushrooms, Inc. is marketing processed mushrooms with reduced sodium content. These processed mushrooms cane be used in burger, soup, and pasta. These canned mushrooms are available at select grocery stores. Also, The Mushroom Company offers customized processed mushrooms. Manufacturers offer mushroom jerky, pickled mushrooms, mushroom seasonings, dried mushrooms, canned mushrooms, and mushroom powders for the consumers globally, which further influences this market. On the other hand, the limited shelf life of mushrooms is hindering market augmentation.

Based on type, the global mushroom market is divided into button mushroom, oyster mushroom, shiitake mushroom, and others. Among these, the button mushroom segment held 37% of the market share in 2018. The segment was assessed at US$ 14,302.0 million in 2018 and projected to expand at 6.3% CAGR between 2019 and 2027 to reach US$ 24,359.8 million by 2027.

As per form, the market is arrayed into fresh and processed. The fresh mushroom segment captured 60.3% of the market share in 2018. The segment was evaluated at US$ 23,316.7 million in 2018 and is estimated to gather US$ 38,724.1 million by 2027, expanding at 6.0 % CAGR during the forecast period.

Regionally speaking, Asia Pacific held a significant share in the global mushroom market in 2018. The region was appraised at US$ 28,758.7 million in 2018 and is slated to amass US$ 48,521 million by 2027. Meanwhile, Europe is anticipated to register a stellar growth rate of 6.9% CAGR over 2018-2027 and is expected to accrue US$ 12,312.3 million by 2027.

Key players shaping global mushroom market dynamics are Monaghan Mushrooms Limited; Giorgio Fresh Co.; Okechamp S.A.; Scelta Mushrooms B.V.; Greenyard; CMP Mushrooms; Costa Group; Gourmet Mushrooms Inc.; Monterey Mushrooms, Inc.; and The Mushroom Company.

In 2018, Scelta Mushrooms BV opened its second plant for the production of vegetable appetizers. With the new plant, the production capacity has doubled.
In 2017, The Belgian Greenyard Foods acquired Mykogen Polska S.A. , a leading Polish manufacturer of top quality mushroom substrate. The company has four production facilities located in Poland and Ukraine.
In 2017, Monterey Mushrooms, Inc. launched new product line called Let's Blend. These are pre-chopped packaged mushrooms to enhance or substitute meat for burgers, chili, meatloaf, sloppy joes, meatball, pasta sauce, tacos burritos, enchiladas, casseroles, and soups. Let's Blend comes in an 8-ounce package and three pre-seasoned flavors: Classic, Mexican and Italian.

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