USD 50.3 billion
Report ID: SQSG30H2001 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 65 | Figures: 75
Global Mushroom Market size was valued at USD 50.3 billion in 2021 and is poised to grow from USD 55.18 billion in 2022 to USD 126.95 billion by 2030, growing at a CAGR of 9.7% in the forecast period (2023-2030).
Mushrooms are fleshy, nourishing fruit bodies of certain macrofungal groups that can be hand-picked and grow underground or above ground. Its edibility is defined by the absence of hazardous effects on humans, as well as a pleasant flavour and aroma. The global mushroom market is witnessing a significant growth in the demand for mushrooms with each passing year. They are a healthy and nutritious food that can be used in many different dishes. They are also relatively easy to grow, so they are becoming more popular with farmers and home gardeners alike. Additionally, mushrooms can be used as a natural source of medicine, and many people believe that they have health benefits.
US Mushroom Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 50.3 billion
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For better understanding, we have segmented the global mushroom market by type and form. Based on type, mushroom market is categorized into: button mushroom, shiitake mushroom, oyster mushroom, and others. Based on form, mushroom market is categorized into fresh mushroom, frozen mushroom, dried mushroom, and canned mushroom. Based on region, the global mushroom market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Button Mushroom Holds the Over 60% of the Global Mushroom Market
In 2021, the button mushroom contributed over 61.8% to the global mushroom market in terms of volume. Over the forecast period, the segment is expected to grow at a CAGR of 8.9%. They are commonly cultivated all over the world due to their numerous nutritional benefits and the fact that their spores need less time to incubate. Furthermore, the mushroom market is likely to be driven by their lower cost compared to their competitors.
On the other hand, shiitake mushroom is one of the popular varieties around the world, owing to its deep savory flavors and several health advantages. Fresh or processed versions, such as dried shiitake mushrooms, are available. However, dried shiitake mushrooms are more popular due to their umami quality.
Mushroom Market Analysis by Form
The fresh mushroom segment is likely to continue dominating the global mushroom market. The segment accounted for over 89.5% of total mushroom market revenue in 2021. Fresh mushrooms have seen significant growth in demand in recent years as a result of an increased number of consumers focused on organic and unprocessed food consumption to reap the most health advantages from the product. Due to their short shelf life, fresh form distribution is difficult for producers and distributors. However, advances in technology, such as the use of modified environment packaging, have reduced the obstacles associated with mushrooms' short shelf life, supporting segment expansion.
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Asia Pacific is the leading consumer of mushroom around the globe and the region is projected to hold the mushroom market position in the years to come thanks to its large population. In fact, Asia Pacific is housing over 65% of the global population. It contributed around 78.6% sales to the global mushroom market. China, Japan, Malaysia, India, and Australia are among the prominent markets. Wherein, China has emerged the major producer and consumer with yearly per capita consumption pegged at 10 kg. Traditional medicine systems, such as Ayurveda and Traditional Chinese Medicines use different species of mushrooms for the treatment of various diseases are more prevalent in the Asia Pacific region. The demand for mushrooms in the region is projected to be driven by their low calorie and high nutritional benefits, as well as their immunity-boosting capabilities.
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Mushroom Market Driver
Mushroom Market Restraint
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To attract environmentally concerned consumers and strengthen the brand position, key players operating in developed mushroom markets are increasingly emphasizing sustainable production. Monaghan Mushrooms, for example, plans employ reusable and recyclable packaging by 2025 to improve corporate sustainability. As a result, in the coming years, sustainability in business operations ranging from compost preparation and cultivation to packing is expected to become a key factor in the mushroom market.
Mushroom Market Top Players Company Profiles
Mushroom Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research. We have identified some of the key dominating segments of the mushroom market by offerings and verticals.
According to our analysis, rising demand for mushrooms, which leads to increasing investment by key players and the government to expand edible mushroom production is driving mushroom market growth. Mushrooms are grown commercially on a large scale in countries like China, the United States, and several European countries. Mushroom consumption in European and Asian countries is expected to expand significantly throughout the forecast period, owing to increased production and a favorable global trade environment for mushrooms.
|Market size value in 2021||USD 50.3 billion|
|Market size value in 2030||USD 55.18 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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KEY COMPANY PROFILES
For the Global Mushroom Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Mushroom Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Mushroom Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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