Processed Mushrooms Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast

"The Business Research Company recently released a comprehensive report on the Global Processed Mushrooms Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The processed mushrooms market size has grown strongly in recent years. It will grow from $19.12 billion in 2023 to $20.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to rising plant-based movement, growing demand for functional food and nutraceuticals, growth in consumer demand for healthy and organic food, rapid urbanization and increasingly busy lifestyles, and growth of the food service industry.

The processed mushrooms market size is expected to see strong growth in the next few years. It will grow to $26.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing culinary interest, rising demand for clean label products, increasing demand from end users such as food and beverages industry, increasing consumer awareness of environmental issues, and rising demand for plant-based and vegan diets. Major trends in the forecast period include product innovation, health and wellness trend, technological advancements in food processing, sustainability and eco-friendly packaging, and growing trend of blending mushrooms.

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Market Drivers and Trends:

The increase in popularity of the food and beverages industry is expected to propel the growth of the processed mushrooms market going forward. The food and beverage industry encompasses the production, processing, distribution, and sale of food and drinks consumed by people worldwide. The increase in the food and beverages industry is due to increasing agriculture, increasing consumption of processed food, and consumer interest. Processed mushrooms contribute to the efficiency, flavor diversity, nutritional value, and consumer appeal of food and beverage products, making them a valuable ingredient in the industry. For instance, in May 2021, according to the Australian Bureau of Statistics, an Australia-based government agency, sales of food and non-alcoholic drinks reached 15.1 million tons in 2021-2022, a significant increase from the 14.8 million metric tons sold in the fiscal year of 2020-21. Therefore, the rise in popularity of the food and beverages industry is driving the growth of the processed mushrooms market.

Major companies operating in the processed mushroom market are developing innovative products, such as organic mushroom complex capsules, to enhance the products' nutritional profile and health benefits. Organic mushroom complex capsules provide a convenient and concentrated way to incorporate a variety of organic medicinal mushrooms into one's daily diet, offering potential health benefits supported by natural and organic ingredients. For instance, in August 2023, Four Sigmatic, a US-based wellness company, launched Mushroom-Botanical-Vitamin Capsule Blends, its new line of organic mushroom Ccomplex capsules. The capsules come in three varieties, Focus, Calm, and Memory, which contain blends of functional mushrooms, adaptogens, vitamins, and botanicals designed to provide enhanced effects compared to just taking mushrooms alone. The Memory capsules include cordyceps extract, gotu kola, and folate to improve memory, cognition, and mental stamina

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Major Key Players of the Market:

Greenyard NV, Bondulle S.A., Giorgio Fresh Co., Monterey Mushrooms Inc., South Mill Champs, To-Jo Mushrooms, Hughes Group, Banken Champignons B.V, Shanghai Fengke Biological Technology Co. Ltd, Scelta Mushrooms BV, Weikfield Foods Private Limited, OKECHAMP SA, The Mushroom Company, Valley Mushrooms Ltd., Ann Miller's Speciality Mushrooms Ltd., Agro Dutch Industries Ltd., Drinkwater Mushrooms Ltd., Sa Mushrooms Pty Ltd., Nasza Chata, Ecolink Baltic

Processed Mushrooms Market 2024 Key Insights:

• The processed mushrooms market size is expected to see strong growth in the next few years. It will grow to $26.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Food And Beverage Industry's Growing Demand For Processed Mushrooms
• Innovations In The Processed Mushroom Market With Organic Mushroom Complex Capsules
• Europe was the largest region in the processed msuhrooms market in 2023

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