What is the global market size of Mushroom Market?

The Global Mushroom Market is projected to attain a value of USD 100.04 Billion by 2028 from USD 51.53 billion in 2021, at a CAGR of 9.3% during the forecast period (2022-2028) Read More

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 News

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.

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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).

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. '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'

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.

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.

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 population. It contributed around 78.6% sales to the 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 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

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