USD 50.3 billion
Mushroom Market Size, Share, Growth Analysis, By Type(Button Mushroom, Shiitake Mushroom, Oyster Mushroom, Others.), By Form(Fresh Mushroom, Frozen Mushroom, Dried Mushroom, Canned Mushroom), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30H2152 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Mushroom Market Insights
Mushroom Market size was valued at USD 50.3 billion in 2019 and is poised to grow from USD 55.18 billion in 2023 to USD 126.95 billion by 2031, growing at a CAGR of 9.7% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fresh Mushroom
Fastest Growth
Frozen Mushroom
Growth Rate
9.7% CAGR
Global Mushroom Market, 2021-2028 ($ Mn)
Country Share for Asia Pacific Region- 2021 (%)
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Mushroom Market Segmental Analysis
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.
Global Mushroom Market By Form , 2021(%)
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Mushroom Market Regional Insights
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.
Global Mushroom Market By Geography, 2021-2028
- Largest
- Fastest
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Mushroom Market Dynamics
Mushroom Market Driver
- Increasing consumption of mushrooms in restaurants, supermarkets, and cafeterias is likely to drive mushroom market growth. Furthermore, shifts in consumer preferences toward vegan foods and increased demand for meat replacements are expected to drive mushroom market. For instance, Button and shiitake mushrooms are high in protein, making them appealing meat replacements for customers. These are the most important mushroom industry trends.
Mushroom Market Restraint
- Mushrooms have a very short shelf life
- Mushroom farming is very labor-intensive and has significant operating costs, which limits the mushroom market expansion
- To meet the demand for mushroom, some of the farmers in developing nations have been employing harmful production methods, such as the usage of excessive pesticides and fertilizers.
- Mushroom spores can cause allergy and other respiratory disorders, posing a risk to those who work in the mushroom industry.
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Mushroom Market Competitive Landscape
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
- Costa Group Holdings Limited
- Monaghan Mushrooms Ltd.
- Agro Dutch Industries Ltd.
- The Mushroom Company
- Bonduelle SA
- Monterey Mushrooms, Inc.
- Okechamp SA
- The Champignon Group
- Phillips Mushroom Farms
- Hughes Mushroom
- Scelta Mushrooms BV
- Greenyard NV
- Drinkwater Mushrooms Ltd.
- Shanghai Finc Bio-Tech Inc.
- Gourmet Mushrooms, Inc.
- Hirano Mushroom LLC
- Banken Champignons Group BV
- Modern Mushroom Farms
- South Mill Champs
- Delftree Mushroom Company
Mushroom Market Recent Developments
- In May 2022, Meati, a start-up that makes whole-cut meat substitutes from mushroom roots has released its first steak fillet product. Meati's steak fillet is created from mycelium, the vegetative portion of fungus that consists of thread-like strands, and is available direct-to-consumer through the brand's website.
- In May 2022, Upexi, a division of Grove Inc. and leading producer in mushroom market, has launched a medicinal mushroom product line that is available directly to consumers and on Amazon. The company sells mushroom extracts in the United States. The USDA Certified Organic brand offers a full line of liquid extracts (tinctures) and gummies, with cultivation in the Pacific Northwest and extraction/formulation in California.
Mushroom Key Market Trends
- Mushrooms are high in antioxidants, polyphenolics, terpenoids, selenium, polysaccharides, and vitamins, all of which have excellent antioxidant, anti-aging, anti-wrinkle, skin brightening, and moisturizing properties. Additionally, customers are responding positively to products with natural or clean label labels. As a result, cosmetic businesses are increasingly producing mushroom-based skincare to meet evolving consumer preferences.
- Premium items made with natural and organic ingredients are more expensive, but consumers are willing to pay a higher price for them. Furthermore, the growing popularity of vegan diets is likely to boost demand for meat substitutes such as mushrooms in the food and dietary supplement industries, which is expected to prove beneficial for mushroom market.
Mushroom Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 50.3 billion |
| Market size value in 2031 | USD 126.95 billion |
| Growth Rate | 9.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mushroom Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mushroom Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mushroom Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mushroom Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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