Global Dried Mushroom Market Projected to Surpass $6.81 Billion by 2029 with 9.6% Annual Growth

What Are the Market Size and Growth Forecast for the Dried Mushroom Market?
The market size for dried mushrooms has seen impressive growth in past years. This market value is predicted to increase from $4.29 billion in 2024 to reach a value of $4.72 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%. The previous growth trends can be traced back to an upsurge in demand for the umami taste, heightened consumer knowledge, the rise in popularity of vegan dishes, along with the high presence of Vitamin D and the natural make-up of dried mushrooms, as well as the demand for organic food options.

Anticipations for the dried mushroom market size are high as it looks forward to considerable expansion in the upcoming years. By 2029, it is projected to reach a value of $6.81 billion, growing at a compound annual growth rate (CAGR) of 9.6%. Several contributing factors to the expansion in the projection period include the escalating health and wellness trends, an upsurge in the popularity of vegan food, versatility in food product applications, e-commerce flourishing and heightened consumer health awareness. Key trends expected to shape the market within the forecast period are the escalating demand for plant-based protein, the emergence of functional foods, sustainability and organic product interest, culinary innovation, and the advent of mushroom blends.

What Is Stimulating Growth in the Dried Mushroom Market?
The burgeoning popularity of vegan food is poised to propel the dried mushroom sector. Comprised completely of plant-derived components and devoid of any animal products such as meat, dairy, or eggs, vegan cuisine is on the rise due to health, environmental, and moral reasons. More to that, the role of ethical consciousness in animal welfare is prompting individuals to turn towards veganism in order to refrain from facilitating animal exploitation. With their distinct, robust umami taste and substantial texture, dried mushrooms have a significant role in enhancing the appeal of vegan food by adding to the flavor of plant-centric meals. For example, the World Animal Foundation, a US-based digital platform advocating animal rights, pet ownership ethics, and compassionate awareness, reported in August 2024, that veganism was embraced by 4 percent of the US public. Furthermore, there has been a 6.6% rise in the sales of plant-based meals in 2022 compared to 2021. Thus, the escalating interest in vegan food is fueling the dried mushroom market.

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Which Key Market Leaders Are Driving Dried Mushroom Industry Growth?
Major companies operating in the dried mushroom market are 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

What Are the Emerging Trends in the Dried Mushroom Industry?
Leading enterprises in the dried mushroom market are shifting their attention towards the introduction of organic nutraceutical mushroom extracts that can be utilized as components by food and supplement producers. These organic nutraceutical mushrooms are natural dietary supplements obtained from mushrooms and are known to boost the immune system and overall well-being. For example, in September 2022, Ethical Naturals Inc., a US-based firm manufacturing botanical products, teamed up with Nammex to develop Mushroom-Plus, a fresh line of organic mushroom extracts intended to tackle specific health issues. The newly introduced components include organic mushroom extracts from Nammex and other bioactive compounds to enhance their therapeutic potential and market appeal. The Mushroom-Plus offerings incorporate standardized, organically certified mushroom extracts from Nammex, mixed with other bioactive elements to magnify their benefits.

What Are the Main Segments in the Dried Mushroom Market?
The dried mushroom market covered in this report is segmented -

1) By Product Type: Shiitake Mushrooms, Button Mushrooms, Oyster Mushrooms, Reishi Mushrooms, Milky Mushrooms, Winter Mushrooms, Paddy Straw
2) By Packaging: Cartons, Boxes, Polyethylene Bags
3) By Application: Food And Beverages, Food Supplements, Pharmaceuticals, Other Applications
4) By Distribution Channel: Supermarkets, Convenient Stores, E-Commerce, Specialized Stores

Subsegments:
1) By Shiitake Mushrooms: Whole Dried Shiitake Mushrooms, Sliced Dried Shiitake Mushrooms, Shiitake Mushroom Powder
2) By Button Mushrooms: Whole Dried Button Mushrooms, Sliced Dried Button Mushrooms, Button Mushroom Powder
3) By Oyster Mushrooms: Whole Dried Oyster Mushrooms, Sliced Dried Oyster Mushrooms, Oyster Mushroom Powder
4) By Reishi Mushrooms: Whole Dried Reishi Mushrooms, Reishi Mushroom Slices, Reishi Mushroom Powder (Used in Supplements and Teas)
5) By Milky Mushrooms: Whole Dried Milky Mushrooms, Sliced Dried Milky Mushrooms, Milky Mushroom Powder
6) By Winter Mushrooms: Whole Dried Winter Mushrooms, Sliced Dried Winter Mushrooms, Winter Mushroom Powder
7) By Paddy Straw Mushrooms: Whole Dried Paddy Straw Mushrooms, Sliced Dried Paddy Straw Mushrooms, Paddy Straw Mushroom Powder

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Which Geographic Area Leads the Dried Mushroom Market?
North America was the largest region in the dried mushroom market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the dried mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Dried Mushroom Global Market Report?

- Market Size Analysis: Analyze the Dried Mushroom Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Dried Mushroom Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Dried Mushroom Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Dried Mushroom Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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