Mushroom Market Size, Share and Growth Forecast (2025-2034)

Mushroom Market Outlook

According to the report by Expert Market Research (EMR), the global mushroom market attained a value of USD 68.03 billion in 2024. Driven by the increasing demand for healthy and functional foods, as well as the rising applications of mushrooms across the food, pharmaceutical, and nutraceutical industries, the market is projected to grow at a robust compound annual growth rate (CAGR) of 8.00% between 2025 and 2034, reaching an estimated value of USD 146.87 billion by 2034.

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Mushrooms are a diverse group of fungi consumed for their nutritional, medicinal, and culinary properties. They are rich in proteins, vitamins, minerals, antioxidants, and bioactive compounds, making them highly beneficial for health and wellness. Apart from their dietary applications, mushrooms are increasingly recognised for their therapeutic properties, including immunomodulatory, anti-inflammatory, and anticancer effects. Their versatility and nutritional value have led to their growing incorporation into functional foods, dietary supplements, pharmaceuticals, and cosmetic formulations.

Mushroom Market Size and Share

The global mushroom market is significantly fragmented, with several key players and regional producers contributing to production and distribution. In 2024, Asia-Pacific accounted for the largest share of the global market, primarily due to high mushroom consumption in countries such as China, India, and Japan. China, in particular, stands as both the largest producer and consumer of mushrooms, accounting for a substantial proportion of the global market share. Europe and North America follow, driven by increasing health awareness, growing demand for plant-based diets, and rising adoption of mushrooms in functional foods and dietary supplements.

Major companies operating in the global mushroom market include Monaghan Mushrooms, Highline Mushrooms, Giorgio Fresh Co., Myco Technology, and Vitacress. These players maintain a strong presence through strategic partnerships, acquisitions, and investments in advanced mushroom cultivation and processing technologies. Moreover, the market sees participation from several small- and medium-scale producers catering to niche demands for organic, specialty, and exotic mushrooms, further diversifying market dynamics.

Mushroom Market Trends

Several notable trends are shaping the growth of the global mushroom market. One significant trend is the rising consumer preference for organic and functional mushrooms. Varieties such as shiitake, maitake, reishi, and lion's mane are gaining popularity due to their potential health benefits, particularly for immunity support, cognitive health, and stress reduction. The shift towards functional and natural foods has accelerated the adoption of these medicinal mushrooms in dietary supplements, teas, and fortified food products.

Another emerging trend is the increasing use of mushrooms in plant-based and meat-alternative products. Mushroom-derived ingredients, such as mycoprotein, are being used as sustainable, protein-rich alternatives in vegan and vegetarian diets, catering to the growing plant-based food segment globally. Additionally, the development of mushroom-based beverages, snacks, and ready-to-eat products reflects the diversification of applications and evolving consumer preferences.

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Drivers of Growth

The growth of the global mushroom market is primarily driven by increasing health consciousness and the rising demand for nutrient-dense foods. Consumers are seeking foods that offer multiple health benefits, including immunity support, improved digestion, and antioxidant properties. Mushrooms, being rich in bioactive compounds, vitamins, and minerals, fit seamlessly into this growing trend, driving market expansion.

Urbanisation and rising disposable incomes in emerging economies are also contributing to market growth. As consumers have greater access to a variety of foods and health-oriented products, the demand for fresh, processed, and functional mushrooms has surged. Furthermore, the increasing popularity of plant-based diets, veganism, and sustainable food practices has significantly expanded the market for mushroom-derived products, particularly in North America and Europe.

The expanding applications of mushrooms in pharmaceuticals and nutraceuticals further support market growth. Mushrooms are increasingly used in immunomodulatory drugs, anticancer therapies, and supplements targeting cognitive and metabolic health. Their bioactive compounds, such as beta-glucans and polysaccharides, offer functional benefits that align with the growing focus on preventive healthcare and wellness.

Mushroom Market Segmentation

The market can be divided based on type, product, end use, distribution channel and region.

Market Breakup by Type

Button
Shiitake
Oyster
Others

Market Breakup by Form

Fresh
Frozen
Dried
Canned
Others

Market Breakup by Distribution Channel

Supermarkets and Hypermarkets
Grocery Stores
Online
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

Costa Group
Hughes Group
Monaghan Mushrooms
Monterey Mushrooms Inc.
Okechamp S.A.
Others

Challenges and Opportunities

Despite strong growth prospects, the global mushroom market faces certain challenges. One major challenge is the perishable nature of mushrooms, which necessitates efficient cold chain infrastructure and distribution systems to maintain quality. Additionally, fluctuations in raw material availability, particularly for specialty and organic mushrooms, can impact supply stability and production costs.

However, the market presents significant opportunities for growth. The rising trend of functional foods, dietary supplements, and plant-based alternatives creates a demand for innovative mushroom products. Medicinal mushrooms, in particular, offer opportunities for developing therapeutic and preventive healthcare solutions, which is gaining attention among health-conscious consumers. Furthermore, the adoption of sustainable cultivation practices and biotechnology innovations opens new avenues for product diversification and market expansion. Emerging markets in Asia, Latin America, and Africa also present untapped opportunities, driven by increasing urbanisation, rising disposable incomes, and evolving dietary preferences.

Mushroom Market Forecast

Looking ahead, the global mushroom market is expected to witness robust growth over the forecast period of 2025-2034. With a projected CAGR of 8.00%, the market is anticipated to reach USD 146.87 billion by 2034. The growth will be underpinned by increasing consumer awareness about health and wellness, the rising adoption of functional and medicinal mushrooms, and the growing demand for plant-based and sustainable food products.

The market is also expected to see continued product innovation and diversification, including mushroom-based beverages, snacks, extracts, and dietary supplements. Technological advancements in cultivation, processing, and biotechnology will enhance production efficiency, product quality, and sustainability, supporting long-term market growth. Furthermore, strategic initiatives by market players, such as expansion into emerging markets, collaborations, and investments in R&D, will further strengthen the global mushroom market landscape.

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