Mushroom Market Projected to Hit USD 163.47 Billion by 2034, Expanding at a CAGR of 9.6%

The market for mushroom is poised to register a robust CAGR of 9.6% during 2025-2034, according to the latest market research report by Polaris Market Research. The market was valued at USD 65.60 billion in 2024 and is projected to grow to USD 163.47 billion by 2034.

Market Overview:
Mushrooms are a type of fungi that grow in moist, nutrient-rich environments. Unlike plants, which perform photosynthesis, mushrooms absorb nutrients from organic matter through their mycelium. The part of the mushroom that's commonly eaten is the fruiting body, which produces spores for reproduction. Mushrooms can be wild or cultivated and are widely used for culinary, medicinal, and even environmental purposes. Edible varieties such as button mushrooms, shiitake, and oyster mushrooms are rich in nutrients, including protein, vitamins, minerals, and antioxidants. In addition to their nutritional value, certain mushrooms are used in traditional medicine and modern pharmaceuticals for their immune-boosting and anti-inflammatory properties.

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Market Dynamics:
Growing Urbanization Globally: Individuals with urban lifestyles often prioritize quick and healthy meals. Mushrooms cater to this demand owing to their short cooking time, high nutritional value, and versatility. In addition, the high presence of hypermarkets, supermarkets, and online grocery platforms makes mushrooms increasingly accessible to the rising urban population, driving their increased demand.

Rising Awareness Regarding Health and Wellness: The low calorie yet high nutritional content of mushrooms makes them a powerhouse for health-conscious consumers. Several individuals prioritize functional foods that support gut health, immunity, and overall well-being. Mushrooms align with this trend owing to their proven anti-inflammatory and cognitive-enhancing properties. They are also favored by fitness enthusiasts owing to their high fiber and protein content.

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Market Key Players:
The mushroom market is characterized by intense competition, which several players leveraging strategic developments to strengthen their market position. A few of the major market participants include:
• Bonduelle Group
• CMP Mushroom
• Costa Group
• Drinkwater Mushrooms Ltd.
• Greenyard
• Monaghan Group
• Monterey Mushroom, Inc.
• Maverick and Farmer
• OKECHAMP S.A
• The Mushroom Company

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Mushroom Market Industry Developments:
• March 2025: Bengaluru-based artisanal coffee brand Maverick and Farmer introduced a new infusion technology specifically designed for mushroom coffee, marking a significant innovation in the functional beverage space.

• October 2021: Vancouver-based food producer Big Mountain Foods collaborated with Sprouts Farmers Market, a major player in gut-health-focused retail, to launch its Lion's Mane mushroom product line across North America.

Segmental Analysis:
• The market is primarily segmented on the basis of product, form, application, distribution channel, and region.

• By product, the button segment led the market in 2024, driven by its affordability, widespread availability, and high consumer acceptance across both developed and emerging economies globally.

• By form, the fresh segment dominated the mushroom market in 2024. This is primarily due to the rising demand for unprocessed, natural food products among consumers globally.

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Regional Overview:
• North America
o US
o Canada

• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific

• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

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