Mushroom Cultivation - Global Market Outlook (2021 - 2028)

Mushroom Cultivation - Global Market Outlook (2021 - 2028)

According to Stratistics MRC, the Global Mushroom Cultivation Market is accounted for $17.37 billion in 2021 and is expected to reach $26.12 billion by 2028 growing at a CAGR of 6.0% during the forecast period. Mushroom cultivation is a technical process. In the vegetable category, the mushroom is ranked with the heterotrophic organisms. In contrast to green plants, the mushroom is not capable of the photosynthesis method. In mushroom cultivation, waste products, which include straw, horse manure, gypsum, and wastewater, are used to cultivate high-quality mushrooms.

Market Dynamics:

Driver:

High nutritive properties of mushroom

Mushrooms contain a modest amount of fiber, over a dozen minerals & vitamins, including copper, potassium, magnesium, zinc and a number of B vitamins such as folate. They are low in calories and fat and cholesterol-free. Mushrooms are also high in antioxidants like selenium and glutathione, or GSH, substances believed to protect cells from damage and reduce chronic disease and inflammation. In addition to that, mushrooms are the richest dietary source of another antioxidant called ergothioneine, or ERGO. Due to these nutritive properties edible mushrooms are quite popular among the consumer globally, which is further driving the market for mushrooms.

Restraint:

Short shelf life of mushrooms

In general, fungi have a very short life span, though it differs greatly from species to species. Some types may live as short as a day, while others survive anywhere between a week and a month. Being fungi, mushrooms have a considerably short shelf life, which hampers the market growth.

Opportunity:

Increasing use of mushrooms as a substitute of meat products

Mushrooms, especially Cremini or Portobello are a good meat substitute as they have rich, earthy, meaty flavor and texture both. They are rich sources of vitamins and minerals for instance selenium, zinc, vitamin B1, B2, B5, B6 and B12. Moreover, they are full of substances with antioxidant and do not contain fat and carbohydrates. They are the only vegetable that contains vitamin D naturally as a result of their exposure to sunlight. Consumers who are vegetarian, flexitarian or opting for less meat consumption can use mushroom as meat substitute to make a dish lower in calories and delicious. Rising health concerns such as obesity and health benefits of plant-basedmeat substitutes has encouraged consumers towards vegan diet. This is likely to increased demand mushrooms to use as a meat replacer thus providing lucrative opportunities for mushrooms manufacturers.

Threat:

Allergies caused by mushroom spores

Mushroom spores cause allergies and other respiratory diseases, which poses a threat for the labors working for the production of mushrooms. Hence, to curb these affects, equipment such as respirators are used, which contributes to the cost of production and hampers growth of the market, especially in developing countries.

The button mushroom segment is expected to be the largest during the forecast period

The button mushroom is a widely consumed mushroom type across the world and can potentially offer many health benefits. The mushroom type is commercially grown in almost all the major mushroom producing countries such as China, Japan, the US, the UK, Germany, and Poland. Increased R&D on the white mushroom to find the potential to prevent cancer, along with its availability at affordable prices as compared to special mushroom varieties, is projected to escalate the demand for button mushroom during the forecast period.

The fresh segment is expected to have the highest CAGR during the forecast period

Fresh mushrooms are witnessing a considerable upsurge in demand from the past few years owing to an increased number of consumers focusing on organic and unprocessed food consumption to gain maximum health benefits of the product. The distribution of fresh form is challenging for the manufacturers or distributors due to their limited shelf life. However, increasing technological advancements such as the use of modified atmosphere packaging have curbed the challenges associated with the limited shelf life of mushrooms, thereby favoring segment growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share owing to the increasing vegan population and shifting trend toward nutrition-rich food. The Asia Pacific region has more prevalence of the traditional medicine systems, including Ayurveda and Traditional Chinese Medicines, which make use of several species of mushroom for the treatment of various diseases. Low calorie and high nutritional values, coupled with their immunity-boosting properties, are expected to drive the demand for mushrooms in the region.

Region with highest CAGR:

North America is projected to have the highest CAGR due to the higher market penetration in developed economies of the region, such as the U.S. and Canada. Consumers are willing to pay higher prices for premium products that are specifically produced using natural and organic ingredients. In addition, increasing preference for a vegan diet is expected to augment the demand for meat replacers such as mushrooms from food and dietary supplements industries over the forecast period.

Key players in the market

Some of the key players profiled in the Mushroom Cultivation Market include Smithy Mushrooms Limited, Gourmet Mushrooms, Inc., Walsh Mushrooms Group, South Mill Mushrooms Sales, Fujishukin Co. Ltd., Mycelia, Commercial Mushroom Producers, Hirano Mushroom LLC, Polar Shiitake Oy, Monaghan Mushrooms, Mushroom S.A.S, Fresh Mushroom Europe, Societa Agricola Italspawn Di Valentino E Massimo Sartor Ss, Rheinische Pilz Zentrale GMBH, and Lambert Spawn.

Key developments:

In August 2019: Walsh Mushrooms Group expanded to supply its mushrooms to ALDI, which is a supermarket company. A new five-year deal began in 2019 to supply mushrooms for ALDI by the growers of Evesham.

In September 2018: South Mill Mushrooms Sales acquired Champ’s Fresh Farm Inc., one of the leading premium-quality mushroom producers in Western North America. This helped the company to become one of the largest mushrooms growers in North America.

Types Covered:
Button Mushroom
Oyster Mushroom
Shiitake Mushroom
Portobello Mushroom/Cremini Mushroom
Other Types

Forms Covered:
Fresh
Canned
Dried
Frozen

Phases Covered:
Phase I - Composting
Phase II - Spawning
Phase III - Casing
Phase IV - Pinning
Phase V - Harvesting

Applications Covered:
Bedding
Cushions

Distribution Channels Covered:
Online
Offline

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances