Mushroom Cultivation Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

Key Highlights:
• The global Mushroom Cultivation Market size was valued at USD 50.3 billion in 2022 growing at a CAGR of 9.12% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Mushroom Cultivation Market size accounted for USD 50.3 billion in 2022, growing at a CAGR of 9.12% from 2023 to 2033.The mushroom cultivation market involves the cultivation and commercial production of various mushroom varieties for consumption and industrial applications. It includes the cultivation of popular mushrooms such as button, shiitake, and oyster, among others. Key factors driving this market include the increasing awareness of the nutritional benefits of mushrooms, rising demand for exotic and gourmet varieties, and the versatility of mushrooms in culinary and medicinal applications. Mushroom cultivation often employs controlled environments and specialized techniques to ensure optimal growth conditions. The market reflects a growing trend towards the consumption of healthy and sustainable food options.

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The mushroom cultivation market is driven by a rising demand for nutritious and sustainable food options, with a focus on popular varieties like button, shiitake, and oyster mushrooms. Increasing consumer awareness of the health benefits associated with mushroom consumption, coupled with the versatility of mushrooms in both culinary and medicinal applications, contributes to market growth.

Key Players
Some of the major Mushroom Cultivation Market players holding high market shares include Bonduelle Group; Costa Group; CMP Mushroom and Drinkwater Mushrooms. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Greenyard; Monaghan Group; Monterey Mushroom, Inc; OKECHAMP S.A; Shanghai Fengke Biological Technology Co., Ltd; The Mushroom Company

Report Description: https://evolvebi.com/report/mushroom-cultivation-market-analysis/

Segmental Analysis
Based on Product, the Mushroom Cultivation market is segmented into Button, Shiitake, Oyster, Matsutake, Truffles and Other.In 2021, the button product type sector held the biggest volume share of 61.8%, indicating its dominance in the market. Over the course of the projected period, the segment is anticipated to see a revenue-based CAGR of 8.9%. Because of their many nutritional advantages and shorter spore incubation time, they are extensively grown all over the world.
Based on Form, the Mushroom Cultivation market is segmented into Fresh and Processed.In 2021, the fresh form held a dominant revenue share of 89.5% in the mushroom industry. The demand for fresh mushrooms has significantly expanded over the past few years due to a rise in consumers who prioritize eating organic and unprocessed food to maximize the product's health advantages.
Based on Distribution Channel, the Mushroom Cultivation market is segmented into Direct to Customer, Grocery Stores, Supermarkets & Hypermarkets, Convenience Stores and Online Stores.With a 38.3% revenue share in 2021, the supermarket and hypermarket category is primarily responsible for the distribution of mushrooms. Supermarkets and hypermarkets are more common in industrialized regions-like Europe and North America-than in developing ones.
Based on Application, the Mushroom Cultivation market is segmented into Food, Pharmaceutical and Cosmetics. In 2021, the food application segment had the highest revenue share of 86.8%. This application takes into account how households and food services use both fresh and processed versions. Mushrooms are low in fat and cholesterol, and they also have very little gluten and salt.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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