Mushroom Market Size to Worth Around US$ 87.7 billion by 2031 | Costa Group, Drinkwater's Mushrooms Limited

Market Overview:

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).

Market Dynamics:

The mushroom market is expected to experience significant growth over the forecast period, owing to rising awareness about health benefits of mushrooms and increasing adoption in culinary applications. Mushrooms are low in calories and fat but high in riboflavin, niacin and pantothenic acid. They also contain important minerals like potassium, phosphorus, copper and selenium. Mushrooms enhance immunity and may help reduce risk of cancer and heart diseases due to antioxidants like Selenium. Further, mushrooms can add depth of flavor to vegetarian or vegan meals as a meat substitute. Their meaty texture and high umami taste enhance palatability of plant-based foods.

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Indoor Farming Poses a Challenge for Outdoor Mushroom Producers

While demand for mushrooms is rising steadily, traditional outdoor mushroom farming suffers due to unpredictable weather conditions and vulnerability to various pests and diseases. Indoor mushroom farming provides a controlled environment to produce mushrooms all year round with optimum yield and consistent quality. However, large scale indoor mushroom farms require heavy initial investment and operating costs. Many small and medium outdoor mushroom farms are unable to make such investments to transition into indoor production. They are thus at a disadvantage against bigger indoor farms which continue to expand production capacity. Outdoor farms are facing difficulties matching the supply and quality consistency provided by indoor farms, posing a threat to their market share and profitability.

Alternative Mushroom Varieties Present a Lucrative Opportunity

While button mushrooms continue to dominate the market, demand for specialty and exotic mushroom varieties is rising as consumers seek variety and new culinary experiences. Varieties like shiitake, oyster, maitake, enoki etc. demand a premium price due to their distinctive flavor and texture. Food product manufacturers and restaurants see significant opportunity in introducing different mushroom types through innovative recipes and product formulations. Alternative mushrooms have several health benefits beyond the common varieties. Their popularity is growing among health-conscious consumers as well as gourmet food lovers. For mushroom producers, tapping into these emerging exotic varieties allows business expansion and higher margins. Varietal development through cultivation of new mushroom strains also provides an opportunity to control a niche market segment.

Innovation in Processing and Packaging Drives Market Evolution

The mushroom industry is adopting advanced processing techniques to appeal to the evolving consumer needs of convenience and sustainability. New freeze drying methods help retain maximum nutrients and extend shelf life without additives. Minimal processing and Clean label packaging using compostable/recyclable materials resonates well with health-focused buyers. Companies are investing in vertical farming and indoor production scale-up using IoT, robotics and AI for automation. Blockchain technology enables traceability throughout the supply chain. Retailers promote mushroom varieties through novel packaging design and consumer engagement initiatives on nutrition/recipes. Such innovative approaches are transforming the mushroom business model and experience for the end users. Developing countries also present opportunities for technology transfers driving the global market evolution.

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Top Companies Featured in This Report:

★ 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.
★ CMP Mushrooms.

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Inquiries Addressed in this Report include:

📈 What was the size of the Mushroom Market in 2024, and what is the projected value by 2031?

📈 What is the present global market landscape for the Mushroom Market?

📈 What strategies offer optimal opportunities for growth maximization in the business?

📈 What recent trends are shaping the Mushroom Market?

📈 How does the market share of Mushroom Market revenue, sales, and size vary across specific geographical regions?

📈 Who are the prominent industry players in the Mushroom Market?

📈 Which segment of the Mushroom Market is experiencing heightened demand?

The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Mushroom sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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