Dried Mushroom Market 2024 - By Size, Share, Trends, Growth Analysis And Outlook By 2033

The Business Research Company recently released a comprehensive report on the Global Dried Mushroom 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 dried mushroom market size has grown strongly in recent years. It will grow from $3.92 billion in 2023 to $4.29 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increasing demand for umami flavor, increasing consumer awareness, growing popularity of vegan cuisine, high vitamin D content and natural composition of dried mushrooms, need for organic food.

The dried mushroom market size is expected to see strong growth in the next few years. It will grow to $6.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to growing health and wellness trends, rising interest in vegan food, versatile application in food products, expansion of e-commerce, increasing consumer health consciousness. Major trends in the forecast period include increasing demand for plant-based protein, the rise of functional foods, sustainability and organic products, culinary innovations, emergence of mushroom blends.

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Market Drivers and Trends:

The rising interest in vegan food is expected to drive the dried mushroom market going forward. Vegan food is made entirely from plant-based ingredients, excluding all animal products such as meat, dairy, and eggs. Veganism is growing due to health, environmental, and ethical factors. Additionally, ethical considerations regarding animal welfare drive people to adopt veganism to avoid contributing to the exploitation of animals. Dried mushrooms significantly contribute to the growing interest in vegan food by offering a rich, umami flavor and a meaty texture that improve the taste of plant-based dishes. For instance, in June 2021, according to the data published by Grubhub, a US-based food ordering and delivery platform, vegan food delivery orders experienced a 17% overall increase in 2021, with orders for plant-based burgers rising by 28% and vegetarian orders seeing a notable 55% surge compared to trends observed in 2020. Therefore, the rising interest in vegan food drives the dried mushroom market.

Major companies operating in the dried mushroom market are increasing their focus on launching organic nutraceutical mushroom extract to be used as ingredients by food and supplement manufacturers. Organic nutraceutical mushrooms are natural health supplements derived from mushrooms for dietary support, immune enhancement, and overall wellness benefits. For instance, in September 2022, Ethical Naturals, a manufacturer of botanical-based products, collaborated with Nammex to create Mushroom-Plus, a new range of organic mushroom extracts designed to address particular health conditions. The new components include Nammex organic mushroom extracts and additional bioactive compounds to increase their therapeutic benefits and marketability. The Mushroom-Plus products contain standardized, organically certified mushroom extracts from Nammex, blended with other bioactive ingredients to enhance their benefits.

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Major Key Players of the Market:

Greenyard, Monaghan Mushrooms, Costa Group, Monterey Mushrooms LLC, Nature's Way Brands, Roland Foods LLC, Dalian Gaishi Food Co. Ltd., Weikfield Foods Pvt. Ltd., Sabarot, Banken Champignons B.V., Fungi Perfecti, Hirano Mushroom LLC, Far West Fungi, Hughes Mushrooms, Fresh Mushroom Europe, Ann Miller's Specialty Mushrooms Ltd., Mitoku Company Ltd., Sapna Foods Inc., Asia Pacific Farm Enterprises, Mycoterra Farm

Dried Mushroom Market 2024 Key Insights:

• The dried mushroom market size is expected to see strong growth in the next few years. It will grow to $6.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
• Rising Veganism Boosts Dried Mushroom Market With Plant-Based Dietary Demand
• Innovative Organic Nutraceutical Mushroom Powders Drive Growth In Dried Mushroom Market
• North America was the largest region in the dried mushroom market in 2023

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This release was published on openPR.