Dried Mushroom Market on Track for Strong Growth, Estimated to Grow at 9.6% CAGR Through 2029

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What Is the Expected CAGR for the Dried Mushroom Market Through 2025?
In the past few years, there has been a robust growth in the size of the dried mushroom market. It is projected to flourish from $4.29 billion in 2024 to $4.72 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%. This rise in the historic period can be ascribed to factors like raised demand for umami flavor, enhanced consumer consciousness, the surging trend of vegan dishes, high vitamin D levels and natural makeup of dried mushrooms, along with the necessity for organic food.

What's the Projected Size of the Global Dried Mushroom Market by 2029?
The market size of dried mushrooms is anticipated to experience significant expansion in the upcoming years. It is projected to escalate to $6.81 billion by 2029, with a compound annual growth rate (CAGR) of 9.6%. Several factors could influence this predicted growth during the forecast period, such as the increasing emphasis on health and wellness, the burgeoning popularity of vegan diets, the versatile use of dried mushrooms in various food products, the booming e-commerce industry, and heightened consumer health awareness. Emerging trends during the forecast period include a growing preference for plant-based proteins, the popularity of functional foods, the focus on sustainability and organic products, culinary innovations, and the introduction of mushroom blends.

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Top Growth Drivers in the Dried Mushroom Industry: What's Accelerating the Market?
The growth of the dried mushroom market is projected to be propelled by the increasing popularity of vegan food. Vegan food consists entirely of ingredients derived from plants and does not include any animal products such as meat, dairy, or eggs. The surge in veganism can be attributed to health benefits, environmental implications, and ethical reasons. Furthermore, the concern for animal welfare and the avoidance of animal exploitation are significant considerations driving individuals towards veganism. Dried mushrooms play a crucial role in this rising vegan trend by providing a rich, umami taste and a meat-like texture that enhance the flavor of plant-based meals. For example, the World Animal Foundation, an American digital platform advocating for animal rights, ethical pet ownership, and humane consciousness, reported in August 2024 that 4 percent of the US population followed a vegan lifestyle. Moreover, there was a 6.6% increase in the sales of plant-based foods in 2022 compared to 2021. Consequently, the growing fascination in vegan food bolsters the dried mushroom market.

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What Trends Will Shape the Dried Mushroom Market Through 2029 and Beyond?
Leading firms in the dried mushroom market are shifting their attention towards introducing organic nutraceutical mushroom extracts that can be employed as ingredients by food and supplement producers. Organic nutraceutical mushrooms are naturally derived health supplements from mushrooms that lend support to the diet, boost the immune system, and offer overall wellness advantages. For example, Ethical Naturals Inc., a US-based manufacturer of botanical-based products, partnered with Nammex in September 2022 to develop Mushroom-Plus, a fresh line of organic mushroom extracts aimed at specific health issues. The newly launched components comprise of Nammex's organic mushroom extracts and additional bioactive substances to enhance their medicinal benefits and market appeal. The Mushroom-Plus products include standardized, organically certified mushroom extracts from Nammex, combined with other bioactive ingredients to boost their efficacy.

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 Top Companies are Driving Growth in the Dried Mushroom Market?
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

Which Regions Will Dominate the Dried Mushroom Market Through 2029?
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.

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