Global Mushroom market is expected to foresee significant growth during the forecast period. Asia-Pacific to witness the highest growth
- Vikas Kumar
- October 11, 2021
- CONSUMER GOODS, NEWS
- Mushroom market, Mushroom market Growth, Mushroom market news, Mushroom market Share, Mushroom market Size, Mushroom market Trend
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Global mushroom market is expected to reach the market valuation of above USD 75 billion by 2027 expanding at a reasonable CAGR of ~9% during the forecast period (2021-2027) from around USD 40 billion in 2020. Mushroom is an umbrella-shaped fruiting body of a certain macro-fungi group that is fleshy and nutrient-rich. They can appear above or below the ground and are edible as it provides strong umami flavor and several health benefits.
The mushroom market is witnessing an uptick across the globe owing to the growing awareness regarding the numerous nutritional benefits offered by mushrooms coupled with the increase in health-conscious population across the globe. Furthermore, the growth in mushroom production coupled with the rising commercial consumption of mushrooms in restaurants, supermarkets, etc. is also driving the market growth. For instance, the consumption of mushrooms is around 20 kg per capita in China and 3-4 kg per capita in some of the leading European countries. Also, as per some experts, the consumption of mushrooms in the United States has increased by 240% over the six years.
Furthermore, The deficiency and inadequacy of micronutrients have become a major global health issue. Even though there is abundant sunshine present across the globe, there has been a rise in the number of people with vitamin D deficiency owing to the lack of food fortified with, vitamin D. For instance, as per recent observational data, nearly 40% of the Europeans are vitamin D deficient and almost 13% are severely deficient. Due to these facts and a rise in health-conscious population, there has been growing demand for mushrooms among the consumers as mushrooms contain Vitamin D.
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Based on product type, the market is segmented into button, shiitake, oyster, and others. The button segment dominated the mushroom market and grabbed XX% market share in 2020 and will witness a considerable CAGR of XX% during the forecast period (2021-2027F) as it is one of the most common types of mushroom that is being consumed and produced at a larger scale across the globe. For instance, in India, nearly 85% of the total annual mushroom production is of button mushrooms. However, the shiitake mushroom is also expected to grow in the forthcoming years.
Based on form, the global mushroom market is segmented into fresh and processed. The fresh segment occupied the largest share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027. The growth of this segment is attributed to the growing demand for fresh mushrooms as they preserve more nutrients as compared to the processed ones and thus, are healthier to consume.
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Additionally, the report provides detailed report also provides insights of the global mushroom market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. Asia-Pacific dominated the market and generated revenue of USD xx billion in 2020 owing to the rapidly growing population coupled with the rising awareness regarding the various nutritional benefits of mushrooms leading to the increase in consumption of mushrooms in many APAC countries.
Basciani Foods Inc., Monaghan Mushrooms, BioFungi GmbH, Mush-Boom Costa, Bonduelle, Weikfield Foods Pvt. Ltd., Greenyard, Valley Mushrooms, SA Mushrooms, Scelta Mushroom BV are some of the key players operating in the global mushroom market. Several M&As along with partnerships have been undertaken by these players to develop a wide variety of mushrooms.
Global Mushroom Market Segmentation
Market Insight, by Product Type
Market Insight, by Form
Market Insight, by Application
Market Insight, by Distribution Channel
- Hypermarket & Supermarket
- Convenience Stores
- Grocery Stores
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Basciani Foods Inc.
- Monaghan Mushrooms
- BioFungi GmbH
- Mush-Boom Costa
- Weikfield Foods Pvt. Ltd.
- Valley Mushrooms
- SA Mushrooms
- Scelta Mushroom BV