Mushroom Market Poised for Remarkable Growth, set to Reach USD 125.4 Billion by 2033 with a CAGR of 6.74%.

According to a research report published by Spherical Insights & Consulting, the Global Mushroom Market Size Expected to Grow from USD 65.3 Billion in 2023 to 125.4 Billion by 2033, at a CAGR of 6.74% during the forecast period 2023-2033.

Edible fungi are commonly referred to as mushrooms and have been classified as vegetables; nevertheless, they are not plants. They contain high levels of riboflavin, potassium, vitamin D, selenium, and other nutrients that are beneficial to human health. Clinical and preclinical studies have indicated that it improves immune function, weight management, and overall health performance. The mushroom market is expected to develop fast, driven by rising demand for nutrient-dense, low-fat meals with therapeutic benefits. Increased demand for processed mushrooms in Western countries is driving up shipments from major Asian farmers. Government investments in high-quality, export-ready varieties, in addition to the expansion of exotic mushroom cultivation, are propelling global market growth. However, mushroom growing has market difficulties due to its high management requirements, sensitivity to environmental conditions, and insect problems such as fungus gnats. Furthermore, short production cycles reduce harvest volumes, and allergic reactions to specific species, such as oyster mushrooms, impede steady growth and increase production expenses.

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The button mushroom segment is expected to hold the largest share of the global mushroom market during the anticipation timeframe.

Based on mushroom type, the global mushroom market is categorized as button mushroom, shiitake mushroom, oyster mushroom, and others. Among these, the s button mushroom segment is expected to hold the largest share of the global mushroom market during the anticipation timeframe. Button mushrooms are defined by their widespread cultivation and appeal. The button mushroom is popular with a wide spectrum of consumers due to its mild flavour and strong texture. This cultivar is commonly used in salads, soups, and other culinary applications. Its versatility and low cost contribute to its dominance in both commercial and residential industries, making the kitchen the cornerstone of many homes throughout the globe.

The supermarkets and hypermarkets segment is expected to grow at the fastest CAGR during the anticipation timeframe.

Based on the distribution channel, the global mushroom market is categorized as supermarkets and hypermarkets, grocery stores, online stores, and others. Among these, the supermarkets and hypermarkets segment is expected to grow at the fastest CAGR during the anticipation timeframe. The fresh mushroom sector is growing due to its versatility in numerous cuisines and the increased demand for premium, unprocessed ingredients. Fresh mushrooms' crisp texture and natural flavour improve dishes, appealing to consumers looking for high-quality culinary experiences in both retail and food service settings. This tendency helps to enhance market reach.

The food processing industry segment is expected to hold the largest share of the global mushroom market during the anticipation timeframe.

Based on end-use, the global mushroom market is categorized into the food processing industry, food service sector, direct consumption, and others. Among these, the food processing industry segment is expected to hold the largest share of the global mushroom market during the anticipation timeframe. Food-processed mushrooms are now being utilized in soups, sauces, ready meals, and snacks, enhancing both flavour and nutrition. Their versatility addresses the increased customer need for easy, time-saving eating options. This trend establishes mushrooms as essential ingredients in the food processing industry, driving major market expansion due to their health benefits and versatility.

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Europe is projected to hold the largest share of the global mushroom market over the anticipation timeframe.

Europe is projected to hold the largest share of the global mushroom market over the anticipation timeframe. The mushroom market in Europe is thriving due to a combination of traditional culinary practices, a strong agricultural economy, and a growing emphasis on health and wellness. Button, shiitake, and oyster mushrooms are commonly used in cuisines, indicating that the region values their nutritional worth.

North America is expected to grow at the fastest CAGR growth of the global mushroom market during the anticipation timeframe. Mushroom popularity in North America is being pushed by an increased interest in plant-based diets, culinary creativity, and awareness of the health benefits of mushroom consumption. The region's distinct culinary landscape, as well as the incorporation of mushrooms into numerous cuisines, all contribute to their popularity.

Major vendors in the global mushroom market are Drinkwater Mushrooms, Greenyard, Monaghan Group, Monterey Mushroom, Inc., OKECHAMP S.A, Shanghai Fengke Biological Technology Co., Ltd, The Mushroom Company, Bonduelle Group, Costa Group CMP Mushroom, and Others.

Key Target Audience

Market Players
Investors
End-users
Government Authorities
Consulting and Research Firm
Venture capitalists
Value-Added Resellers (VARs)

Recent Developments

In November 2023, Sempera Organics, a global biotechnology company, has expanded its mushroom product line by introducing six new varieties: Black Hoof, Tiger Milk, Poria, Enoki, Wood Ear, and Split Gill.

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Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global mushroom market based on the below-mentioned segments:

Global Mushroom Market, By Mushroom Type

Button Mushroom
Shiitake Mushroom
Oyster Mushroom
Others

Global Mushroom Market, By Distribution Channel

Supermarkets and Hypermarkets
Grocery Stores
Online Stores
Others

Global Mushroom Market, By End-Use

Food Processing Industry
Food Service Sector
Direct Consumption
Others

Global Mushroom Market, By Regional

North America
US
Canada
Mexico

Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific

South America
Brazil
Argentina
Rest of South America

Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa

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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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