Mushrooms

Mushrooms

Global Mushrooms Market to Reach US$83.7 Billion by 2030

The global market for Mushrooms estimated at US$52.7 Billion in the year 2023, is expected to reach US$83.7 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2023-2030. Food Application, one of the segments analyzed in the report, is expected to record a 7.0% CAGR and reach US$72.3 Billion by the end of the analysis period. Growth in the Cosmetics Application segment is estimated at 5.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$14.2 Billion While China is Forecast to Grow at 11.1% CAGR

The Mushrooms market in the U.S. is estimated at US$14.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.3 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Global Mushrooms Market – Key Trends & Drivers Summarized

What Are Mushrooms and How Are They Cultivated for Commercial Use?

Mushrooms, a type of edible fungi, are widely consumed for their nutritional and medicinal properties. Commercial mushroom cultivation involves growing various species, such as button mushrooms, shiitake, and oyster mushrooms, in controlled environments to meet the global demand for fresh, dried, and processed mushrooms. These fungi are grown in temperature-regulated facilities, often using organic substrates such as compost or wood chips, to provide the ideal conditions for mushroom growth. Mushrooms are rich in nutrients, including proteins, vitamins, and minerals, making them a popular ingredient in various cuisines worldwide. In addition to their culinary use, certain types of mushrooms, such as reishi and maitake, are valued for their medicinal properties and are used in supplements and herbal remedies.

How Are Technological Advances Improving Mushroom Cultivation?

Technological innovations in agriculture are enhancing mushroom production by improving yield, efficiency, and quality. Advances in climate control and automated irrigation systems are allowing growers to create optimal growing conditions, regardless of external environmental factors. Precision agriculture techniques, such as the use of sensors and data analytics, are helping farmers monitor moisture levels, temperature, and substrate quality more accurately, leading to better crop management. In addition, innovations in substrate preparation, such as the use of organic and enriched composts, are boosting mushroom yields and reducing cultivation cycles. These technological improvements are making mushroom farming more sustainable and scalable, allowing for year-round production to meet growing global demand.

How Is Consumer Demand Shaping the Mushroom Market?

The rising demand for plant-based and organic foods is driving the growth of the global mushroom market. As more consumers adopt vegetarian, vegan, and flexitarian diets, mushrooms are gaining popularity as a protein-rich, low-calorie alternative to meat. Mushrooms’ ability to mimic the texture and flavor of meat in dishes is contributing to their increased use in plant-based foods and meat substitutes. The growing awareness of the health benefits associated with mushrooms, including their immune-boosting and anti-inflammatory properties, is also driving their consumption in both fresh and supplement forms. Moreover, the demand for organic produce is boosting the market for organically cultivated mushrooms, as health-conscious consumers seek out sustainably grown, pesticide-free products.

What Are the Key Growth Drivers in the Mushrooms Market?

The growth in the mushrooms market is driven by several factors, including increasing consumer demand for plant-based foods, the rising popularity of organic produce, and technological advancements in mushroom cultivation. The global shift toward healthier eating habits and the growing popularity of vegetarian and vegan diets are pushing the demand for mushrooms as a nutritious and versatile food source. The health benefits associated with mushrooms, particularly their medicinal properties, are also contributing to their increased use in supplements and functional foods. Furthermore, innovations in cultivation techniques, such as climate-controlled farming and precision agriculture, are improving production efficiency and yield, helping meet the growing demand for mushrooms globally. The expansion of e-commerce and direct-to-consumer delivery models is further supporting the market by making fresh and processed mushrooms more accessible to a broader range of consumers.

Select Competitors (Total 64 Featured) -

• Costa Pty Ltd.
• Drinkwater's Mushrooms Limited
• Monaghan Mushrooms Ireland
• Monterey Mushrooms Inc.
• Okechamp S.A.
• Shanghai Finc Bio Tech Inc.
• The Mushroom Company

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