Mushroom Market to Hit USD 115.3Billion by 2030, Growing at 9.6% CAGR, Led by Asia Pacific

Health Benefits and Culinary Demand to Increase the Consumption of Mushrooms Leading to The Global Mushroom Market Size to Expand at a CAGR of 9% between 2024 and 2030; Mushroom Market to Achieve USD 115.30 Billion By 2030.

Factors and Opportunities for Market Growth

Highly nutritious, riboflavin, potassium, vitamin D and selenium levels of mushroom, are one of the factors contributing to the rising popularity of mushroom. A slew of clinical studies suggest they might help strengthen immunity, facilitate weight loss, and lower the risk of chronic disease such as prostate and breast cancer. As a result, it has created a boom in demand, and interest in functional and medicinal mushrooms. ​

There is also some big investments in automation and advanced grow techniques coming in, as well. For example, companies are using robotic technology that provides control systems to increase production value or provide a quick way to deal with labor costs, which you know are a large percent of total production costs. Such technological advancements are predicted to fuel the market growth over the upcoming years. ​

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Segmentation Analysis

The segmentation of the mushroom market is done on the basis of type and form.

By Type:

Button Mushrooms: Due to their antioxidant functionality and shorter incubation period globally, button mushrooms accounted for a dominant share of over 61.8% of the total revenue in the global mushrooms market. They play an important role in many cuisines due to their economical nature compared to other variants. ​Maximize Market Research

Shiitake Mushrooms: Shiitakes are mushroom with a strong flavor and health benefits, increasingly popular amongst Asian cuisines and alternative medicine. ​

Oyster Mushrooms: Oyster mushrooms are gaining popularity with consumers and restaurateurs alike for their delicate taste and ease of cultivation. ​

By Form:

Fresh mushrooms – Fresh mushrooms hold approximately 89.7% of the global market share in 2023 due to the increasing demand for organic food and minimally processed food ingredients. However, they are perilous for producers and suppliers in terms of distribution due to their short shelf life. ​

Dry, canned and frozen Mushrooms are within the complementary segment known for having a longer shelf life and convenience for the food service industry and consumers looking for ready to prepare or eat food. ​

Country-Level Analysis

United States: The U.S. mushroom market continues to grow at a steady pace with consumers developing more interest in plant-based diets and superfood. Growing mushroom incorporation into functional foods as well as nutritional supplements is also driving market growth. ​

Germany: Germany is one of the biggest mushroom consumer markets in Europe, and is not short on local or organic production. The nation has advanced agricultural practices which provides good quality mushroom farming. ​

China: With its excellent growing climate and a long history of encompassing nearly all edible mushrooms within its culinary practices, China produces more mushrooms than any other country in the world. This complements an expanding domestic market and increasing export opportunities. ​

Canada: Strong growth in this market as health consciousness increases as well as demand for meat replacements Emerging mushroom products targeted at meeting demands of culinary consumers have been developed through research & development investments. ​

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Competitor Analysis

There are various mushroom players that occupy the mushroom market, investing more into innovation, mergers and acquisitions, distribution and strategic partnerships. Notable companies include:​

Moore: Monaghan Developments is one of the world's largest fungi manufacturers invests in sustainable production methods and diversified its product spectrum to cater to the many other needs of its customers. ​

Bonduelle Fresh Europe: Focused on processed vegetables, Bonduelle has added a variety of mushroom products to its portfolio within the area of ease of use and quality. ​

Okechamp S.A.: Polish Okechamp has broadened its product range by creating new mushroom varieties and working on their processing technologies. ​

The Mushroom Company: The Mushroom Company focuses on both the fresh and processed sectors, placing an emphasis on quality control and customer satisfaction. ​

SCELTA Mushrooms – Specializing in mushroom based ingredient, SCELTA Mushrooms works with food manufacturers to develop new products. ​

These companies are involved in mergers, acquisitions and partnerships to take a firm stand in the market and to expand their reach across the globe. ​

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Conclusion

The world mushroom market is gaining significant momentum due to the health benefits offered by mushrooms, as well as their versatility and flexible culinary forms aided by technological advancements in the cultivation and commercialization of mushrooms. Given the continued evolution of consumer tastes for healthy, nutritious and sustainable foods, mushrooms are poised to become a more important role in the global food supply.

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