Shiitake Mushroom 2017 Global Market Expected to Grow at CAGR of 15.31% percent and Forecast to 2023

Shiitake Mushroom Market Research Report- Forecast till 2023

Report Description:

The global shiitake mushroom market has witnessed constant demand during the last few years and is projected to reach USD 35.4 billion at a CAGR of 15.31% by 2023. Shiitake mushroom is an edible specialty mushroom which was originated in East Asia. It is commonly used in preparation of various cuisines of East Asia. High nutritional value as well as medicinal value associated with the shiitake mushroom is increasing its application in pharmaceutical industry as well. High demand of shiitake mushroom in processed foods owing to its rich and robust flavoring attribute is further boosting the growth of shiitake mushroom. Moreover, increasing popularity of shiitake mushroom in cosmetics is adding fuel to the growth of shiitake mushroom. High consumption of shiitake mushroom in Asia Pacific, mainly in China is influencing the market growth since last few years.

Asia Pacific will dominate the shiitake mushroom market and is estimated to reach the market share of USD 1.7 billion in the year 2017. Consumption of shiitake mushroom from RoW is projected to witness a high growth rate of 15.01% during the given period owing to the increasing awareness and rise in application of shiitake mushroom in various industries.

On the basis of the category, fresh shiitake mushroom will dominate the market and is projected to hold a major share of approx. 50% in the global market. Fresh shiitake mushroom is widely used in preparation of different cuisines for its rich and robust flavoring attribute which is driving the market of fresh shiitake mushroom. Asia Pacific is dominating the market in use of fresh shiitake mushroom followed by Europe. However, North America is witnessed to be the second largest growing country in fresh shiitake mushroom at a CAGR of 14.36% over the forecast period.

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Based on the application, food industry is dominating the market holding a leading share of 54.4%. However, increasing awareness of high nutritional and medical benefits of shiitake mushroom including improved cardiovascular health, bone-building, improved digestion, healing chromosome damage caused by anti-cancer treatments and others is boosting the application of shiitake mushroom in pharmaceuticals at a CAGR of 16.56% over the forecast period.

On the basis of sales channel, store based sales channel dominates the market mainly through wholesaler/distributor followed by retail stores. However, specialty stores are projected to grow at the highest rate with a CAGR of 15.54% over the estimated period.

Key Players:

Some of the leading players in the global shiitake mushroom market are: Bonduelle SA (France), Mitoku Company, Ltd. (Japan), Agro Dutch Industries Ltd. (India), The Mushroom Company (U.S.), Modern Mushroom Farms (U.S.), Hirano Mushroom LLC (Kosovo), Banken Champignons (the Netherlands).

Target Audience:

Shiitake mushroom manufacturers
Food industry
Pharmaceutical Industry
Personal care products manufacturers
Retailers, wholesalers and distributors
Traders, importers and exporters
Key Findings:

Global shiitake mushroom market is projected to reach USD 35.4 billion by 2023 at a growth rate of 15.31%
Dried shiitake mushroom is witnessed to have a highest growth rate with CAGR of 14% over the forecast period 2017-2023
Fresh shiitake mushroom is expected to grow at a CAGR of 15.59% in Asia Pacific followed by North America over the forecast period.
Application of shiitake mushroom is projected to witness highest growth rate in pharmaceutical industry followed by cosmetic industry over the estimated period.
Regional and Country Analysis of Shiitake mushroom market Development and the Demand Forecast till 2023 Market

As per the MRFR analysis, the global market for shiitake mushroom has been witnessing continuous growth during the forecast period owing to its high nutritional and medicinal benefits leading to increasing application of shiitake mushroom in various industries. In terms of value and volume, Asia Pacific is estimated to dominate the shiitake mushroom market holding the lion’s share of 82.54%. Also, North America is projected to grow at a rate of 11.05%.

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TABLE OF CONTENTS

Top of Form

1  EXECUTIVE SUMMARY

2  INTRODUCTION

3  RESEARCH METHODOLOGY

4  PREMIUM INSIGHTS

5  MARKET DYNAMICS

6  MEGA TRENDS

7  MARKET FACTOR ANALYSIS

8  GLOBAL ORGANIC SHIITAKE MUSHROOM MARKET OVERVIEW

9  GLOBAL SHIITAKE MUSHROOM MARKET OVERVIEW

10  GLOBAL SHIITAKE MUSHROOM MARKET BY CATEGORY

11  GLOBAL SHIITAKE MUSHROOM MARKET, BY APPLICATION

12  GLOBAL SHIITAKE MUSHROOM MARKET, BY SALES CHANNEL

13  NORTH AMERICA SHIITAKE MUSHROOM MARKET

14  EUROPE SHIITAKE MUSHROOM MARKET

15   ASIA PACIFIC SHIITAKE MUSHROOM MARKET

16   REST OF WORLD SHIITAKE MUSHROOM MARKET

17  EXOTIC MUSHROOM MARKET OVERVIEW

18  COMPETITIVE LANDSCAPE

19  COMPANY PROFILES

20  LIST OF TABLES

21  LIST OF FIGURES

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