Mushroom Market Growth Scenario, Industry Size, Share Analysis, Trends, Competitive Analysis and Forecasts to 2029

Mushroom Market was valued at USD 55.38 Billion in 2022, and it is expected to reach USD 105.20 Billion by 2029, exhibiting a CAGR of 9.6 % during the forecast period (2023-2029)

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Report Scope And Research Methodology

The Mushroom Market research report covers product classification, application, development trends, technology, competitive landscape, industry overview, national policy analysis, and the latest dynamic analysis. It discusses market drivers, opportunities, limitations, and the impact of various factors on market demand. The report provides insights into production bases, technologies, market potential, and a comprehensive industry chain relationship analysis.

The comprehensive research report utilizes a combination of primary and secondary data sources to analyze various factors influencing the mushroom industry. Factors such as government policies, market environment, competitive landscape, historical data, technological innovations, and market dynamics are thoroughly investigated. The market size for top-level markets and sub-segments is normalized, considering factors like inflation, economic downturns, regulatory changes, and more. The report provides both quantitative and qualitative data, offering a detailed analysis of the mushroom market.

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Key Drivers:

Increased Investments in Smart Automation: Automation in mushroom production facilities is on the rise, with technology-driven systems and robots improving efficiency and output by over 300%.

Rising Health Consciousness: Mushrooms, rich in nutrients, including potassium, riboflavin, selenium, and Vitamin D, are linked to healthy immunity, weight control, and reduced risk of chronic illnesses.

Growing Adoption as a Meat Substitute: The umami flavor of fungi makes it an ideal meat alternative, especially as the demand for processed mushroom variants increases, creating export opportunities for major producers.

Market Restraints:

High Cultivation Operational Costs: Mushroom cultivation requires precise management of factors like humidity, temperature, and light, leading to high operational costs. Pest control and allergic reactions during production further limit market growth.

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Regional Insights:

Asia Pacific: Dominated the market in 2022 with a 78% share. Anticipated to grow at the highest CAGR of 11.82% due to changing consumer eating habits and increased spending on processed foods.

Europe: Held the second-largest market share in 2022, driven by rising mushroom consumption, shifting consumer preferences toward healthy food, and fitness concerns.

Segmentation :

by Type

Button Mushroom
Shiitake Mushroom
Oyster Mushroom
Others

The button mushroom, shiitake mushroom, oyster mushroom, and other categories make up the Type section of the worldwide mushroom market. With a 61.8% market share in 2022, the Button Mushroom category had the biggest share. Because of their antioxidant qualities and shorter incubation period for their spores, they are widely farmed all over the world. Furthermore, throughout the course of the forecast period, the market is anticipated to expand as a result of their lower costs when compared to their competitors. On the other hand, throughout the course of the forecast period, the worldwide mushroom market is anticipated to develop at the highest CAGR of 7.3% for the shiitake sector. Due to their mouthwatering taste and several health advantages, they come in fresh and premium forms, such as dried.

by Form Type

Fresh Mushroom
Processed Mushroom
Dried Mushroom
Frozen Mushroom
Canned Mushroom
Others

The fresh and processed mushroom segments of the global mushroom market are separated based on the type of mushroom. With 89.7% of the market, the Fresh Mushroom category had the biggest share in 2022. Fresh mushrooms are in high demand due to consumer preferences for uncooked and organic foods. Fresh products have a limited shelf life, which makes distribution challenging for suppliers and manufacturers. On the other hand, growing emerging technologies and the use of packaging in a changed environment have removed the constraints imposed by the short shelf life of mushrooms, leading to a growth in the market.

by Distribution Channel

Hypermarkets and Supermarkets
Conventional Store
Others

The hypermarket/supermarket is predicted to rule the market during the projection period based on Distribution Channel. 38.3% of sales in 2022 will come from supermarkets and hypermarkets, which are the primary distribution channels for mushrooms. The penetration of supermarkets and hypermarkets is higher in developed regions like North America and Europe than in developing ones. Supermarkets and hypermarkets were the primary distribution channels for this product as of 2022 due to their abundance of options in one place and ease of purchase. Supermarket and hypermarket expansion has been hindered by shifting consumer preferences and growing competition from online grocers offering cheap mushrooms.

by Application

Food Processing Industry
Retail Outlets
Food Services
Others

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Key Players :

1. Drinkwater's Mushrooms Ltd 2. Lutece Holdings B.V. 3. Okechamp S.A. 4. The Mushroom Company 5. Bonduelle SCA 6. Monterey Mushrooms Inc. 7. Costa Group Holdings Limited 8. Shanghai Finc Bio Tech Inc. 9. Monaghan Mushrooms Ltd. 10. CMP Mushrooms Greenyard NV 11. Fresh Stock 12. Agro Dutch Industries Ltd 13. Hughes Mushroom 14. Modern Mushroom Farms 15. Scelta Mushrooms BV 16. The California Mushroom Farms Inc 17. Banken Champignons 18. Ecolink Baltic 19. Kulkarni Farm Fresh Pvt. Ltd 20. Weikfield Foods Pvt. Ltd.

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