Saudi Arabia Mushroom Market to Reap USD 1870.6 Million By 2030 | Infinium Global Research

The Saudi Arabia Mushroom Market is experiencing a significant surge in demand, driven by a growing awareness of the health benefits of mushrooms. Mushrooms are gaining popularity as they are considered suitable for individuals with high blood pressure, diabetics, and those pursuing healthier diets. In addition to their medicinal and nutritional values, consumers are willing to pay a premium for fresh and hygienically-packed mushrooms. The Saudi Arabia mushroom market was valued at USD 961.2 Million in 2022 and is expected to reach USD 1870.6 Million by 2030 and grow at a CAGR of 8.86% over the forecast period.

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Key Drivers of Mushroom Market Growth

One of the primary drivers for the mushroom market in Saudi Arabia is the increasing adoption of healthier dietary choices. Mushrooms are a preferred choice for individuals suffering from high blood pressure, as they are low in sodium and rich in potassium, which supports healthy blood circulation. Additionally, mushrooms offer a low-calorie, cholesterol-free option for heart patients and individuals with cardiovascular diseases.

The minimal sodium content in mushrooms assists in maintaining salt balance in the body, further promoting heart health. Their role as prebiotics in the intestine enhances digestive system regulation, making them an ideal choice for those seeking improved digestive health. This, coupled with the increasing prevalence of health concerns, including diabetes and obesity in the Kingdom of Saudi Arabia, has created a significant demand for mushrooms.

The diabetic population in Saudi Arabia is on the rise, which is further boosting the market for mushrooms. In addition, the increased incidence of health problems such as obesity, cholesterol, and coronary heart disorders is projected to drive the demand for insoluble dietary fibers, making mushrooms a preferred choice.

Market awareness campaigns, particularly in supermarkets and hypermarkets, have played a crucial role in educating consumers about the benefits of mushrooms. Additionally, the Kingdom has a growing internet population, which is helping spread knowledge about the health advantages of mushrooms. Retailers have witnessed an increase in demand for mushrooms in Saudi Arabia as a result.

Youthful Population and Rising Disposable Income

Saudi Arabia, as the largest consumer market in the GCC countries, is experiencing robust growth, driven by a solid base of domestic consumers, a high level of disposable income, and a strong consumer confidence index. The growing trend of dining out in the country, coupled with population expansion and considerable purchasing power, has positively impacted the food service sector.

The culture of eating out has gained significant preference in Saudi Arabia, influencing the food service market. Numerous renowned international fine dining and casual dining restaurants have expanded into the Saudi Arabian market. The increasing consumption of mushrooms in commercial restaurants, cafeterias, hotels, and supermarkets is shaping the mushroom market in the Kingdom.

Challenges in Logistics and Shelf Space

Fresh mushrooms, being perishable products, have a limited shelf life and are susceptible to spoilage. The increased demand for fresh mushrooms necessitates efficient cold chain management, including technology and timely delivery, to prevent food spoilage and food-borne illnesses. Problems in cold chain logistics and environmental conditions can affect the quality and freshness of the products.

The limited shelf space in retail stores intensifies competition among brands, posing challenges to vendors in the market.

Rise of Veganism and Mushroom Consumption

An increasing number of young people in the Kingdom are transitioning to vegan diets. The relatively young demographic, particularly those between the ages of 15-44, is more open to changing consumer trends and dietary habits. Awareness campaigns and growing internet penetration have contributed to the rise of veganism in Saudi Arabia.

This trend towards plant-based diets and veganism aligns with mushroom consumption, as mushrooms are a non-animal source of Vitamin D and are considered a balanced dietary choice. This presents new opportunities for the growth of mushrooms in the Saudi Arabian market, particularly as the health-conscious population seeks alternatives to address health concerns.

The Saudi Arabia mushroom market is on a growth trajectory, with health awareness, changing dietary habits, and increasing health concerns driving consumer demand. Addressing logistical challenges and capitalizing on the trend of veganism will be essential for businesses seeking to succeed in this evolving market.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Saudi Arabia Mushroom Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Mushroom Market

Chapter 4. Saudi Arabia Mushroom Market by Type

4.1. Button Mushroom

4.2. Shiitake Mushroom

4.3. Oyster Mushroom

4.4. Reishi Mushroom

4.5. Milky Mushroom

4.6. Other Types

Chapter 5. Saudi Arabia Mushroom Market by Form

5.1. Fresh Mushroom

5.2. Processed Mushroom

5.2.1. Dried Mushroom

5.2.2. Frozen Mushroom

5.2.3. Canned Mushroom

Chapter 6. Saudi Arabia Mushroom Market by End-use

6.1. Food Industry

6.2. Medical

6.3. Direct Consumption

6.4. Other End-uses

Chapter 7. Saudi Arabia Mushroom Market by Distribution Channel

7.1 Overview

7.2 B2B

7.3 B2C

7.3.1 Hypermarkets and Supermarkets

7.3.2 Independent Retail Stores

7.3.3 Online Sales Channel

Chapter 8. Company Profiles and Competitive Landscape

8.1 Competitive landscape

8.2 Company Profiles

8.2.1 Gulf Mushroom Co SAOG

8.2.1.1 Overview

8.2.1.2 Company Snapshot

8.2.1.3 Product Portfolio

8.2.2 Kinoko Farms

8.2.2.1 Overview

8.2.2.2 Company Snapshot

8.2.2.3 Product Portfolio

8.2.3 The Mushroom Company

8.2.3.1 Overview

8.2.3.2 Company Snapshot

8.2.3.3 Product Portfolio

8.2.4 Monaghan Mushrooms

8.2.4.1 Overview

8.2.4.2 Company Snapshot

8.2.4.3 Product Portfolio

8.2.5 Costa Group

8.2.5.1 Overview

8.2.5.2 Company Snapshot

8.2.5.3 Product Portfolio

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Saudi Arabia mushroom.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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