Mushroom Market Driven by their Numerous Advantages
The sales of mushrooms and mushroom-based products are high across retail outlets and thus, the robust growth of the retail sector worldwide is working in favor of the global mushrooms market. There are various types of mushrooms available in the market, including button mushroom, oyster mushroom, and shiitake mushroom. They are primarily available in fresh or processed form. The processed form is further divided into canned, dried, and frozen. The demand for the fresh form is, however, higher due to growing consumer inclination towards consuming healthy products with no preservatives. The advancements in packaging technologies are ensuring an increase in the shelf life of products, thereby complementing the sales of fresh mushrooms.
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This report provides forecast and analysis of the mushroom market on the global as well as regional level. It includes a detailed coverage of the historical and current data to forecast data up to 2024 in terms of revenue (US$ Mn).
Global Mushroom Market: Drivers and Restraints
Players in the global mushroom market are paying high attention to the changing consumption patterns and product quality, as consumers are lining up to patronize the players that are offering a wide variety of products with superior quality. The growing inclination of consumers towards maintaining a healthy lifestyle is leading to the greater uptake of food and food ingredients with potential health benefits and minimum or no side effects. Mushroom-based processed food products are a rich source of minerals, vitamins, dietary fibers, and proteins. Therefore, the burgeoning consumption of processed food and the rising awareness regarding the health benefits of mushrooms play an instrumental role in the growth of the global mushroom market. Moreover, the rising consumer disposable income and the burgeoning demand for brown mushrooms are anticipated to provide a significant push to the global market over the forecast period.
On the flip side, the low production of mushrooms in several countries across the world is creating a demand-supply gap, which is adversely affecting the growth of the market. Furthermore, the issues pertaining to the storage of mushrooms is negatively impacting the overall development of the market.
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Global Mushroom Market: Geographical Segmentation
The key segments analyzed in the report on the basis of geography are North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America accounts for the leading share in the revenue pie of the global mushroom market. The dominance of the region can be attributed to the early adoption and high consumption of processed food in the region. The extensive research and development activities for packaging and storage of mushrooms are also supplementing the growth of the region.
On the other hand, the tremendous growth rate of Asia Pacific is grabbing the attention of global participants. The rapid industrialization is one of the primary factors behind the remarkable growth of the regional market. The increasing investments in research and development activities are also stoking the growth of the region. The Middle East and Africa and Latin America are estimated to closely trail Asia Pacific in terms of CAGR during the forecast period.
Key Players Mentioned in the Report:
Some of the key players in the global mushroom market are Monterey Mushrooms Inc., Bonduelle SA, Costa Group, Okechamp S.A., Drinkwater’s Mushroom Ltd., Shanghai Finc Bio-Tech Inc., The Mushroom Company, Monaghan Mushrooms, Greenyard NV (Lutèce), and CMP Mushrooms. A large number of these players are primarily focusing on mergers and acquisitions to consolidate their presence in the market.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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