Mushroom Market Forecasts to 2028 – Global Analysis By Form (Processed, Fresh), Product (Shiitake, Button, Oyster), Application, End User, and By Geography

Mushroom Market Forecasts to 2028 – Global Analysis By Form (Processed, Fresh), Product (Shiitake, Button, Oyster), Application, End User, and By Geography

According to Stratistics MRC, the Global Mushroom Market is accounted for $59,992.16 billion in 2021 and is expected to reach $128534.16 billion by 2028 growing at a CAGR of 11.5% during the forecast period. Mushrooms are fleshy and nutritious fruit bodies of certain macro-fungi groups, which can be hand-picked and appear below or above the ground. They are rich in riboflavin, potassium, vitamin D, selenium, and other ingredients that are beneficial for human health. Its edibility can be described by absence of toxic effects on humans and desired taste and aroma.

Market Dynamics:

Driver:

Rising health consciousness

Increasing demand for food with low fat and cholesterol content along with being loaded with nutrients is likely to raise the global market growth. It additionally contains fiber and digestive enzymes that support gut and immune health, which has led to its growing incorporation in various dietary supplements. The rapidly extending foodservice industry is supporting the demand across hotels, restaurants, and cafeterias. The health and nutritional advantages of fungi can also be obtained with the incorporation of edible fungus powders into soups, smoothies, and sauces. Increasing adoption of it as a substitute for meat, combined with the rising vegan population, is likely to further drive the growth of the market.

Restraint:

High operational costs

Mushroom production needs a high degree of management input and skill. It needs particular treatment to achieve consistent, high-quality yields. They are strongly affected by humidity, temperature, and light. Insects and animal pests can pose serious obstacles for growers, particularly in the fields. This makes pest control critical as some insects, such as fungus gnats, breed under the same conditions, which increases the production costs also.

Opportunity:

Increasing investments in R&D to improve commercial cultivation

Governments from several countries are investing in the development of high-quality varieties of these edible fungi that are not only safe for human consumption as well as be exported to different countries to generate income. Adoption of the advanced pest management system to control damage can additionally ensure higher yields, which, in turn, helps the market growth. Agaricus bisporus is a widely cultivated and consumed type in the world. Its growing recognition and inclusion in the diet have expanded its market performance. Moreover, increasing international trade, combined with the initiation of exotic varieties cultivation in the major producing countries/regions, provides ample opportunities for market growth in the forthcoming years.

Threat:

Limited Shelf-Life

The mushrooms are very delicate because of their short lifespan, which is very less ranging from as less as 1 week to 1 day. It is advisable to consume them within seven to ten days of purchase. This, limited shelf life of mushrooms is a challenge to look after which acts as a challenge to the growth of the mushroom market.

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

The button segment is estimated to have a lucrative growth as the button is the most widely consumed type across the world and can offer various health benefits. Increased R&D on white button variety to discover its potential in preventing cancer, coupled with its availability at economical prices as compared to specialty varieties, is projected to escalate the segment’s growth during the forecast period.

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

The fresh segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the growing demand for healthier preservatives-free food products. The demand is projected to witness a steep rise across developing economies of Asia Pacific and Europe due to rising consumer inclination toward organic food products. In the developing countries, where particular varieties such as the button variant are grown in abundance, the cost of fresh varieties is comparatively lower. Its low price compared to processed forms may further push the sales across the aforementioned countries.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to the product’s significantly growing demand attributed to its abundant health benefits. Prominent market players in North America are adopting advanced cultivation techniques, along with various merger and acquisition strategies to increase their production capacity and maintain their prominence in the regional market. Furthermore, the government’s support to improve the harvesting speed also aids the growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the consumption of mushrooms in China and adoption of advanced and modern mushroom cultivation techniques by mushroom farmers and increasing production along with the increased import of mushrooms in these countries. Mushroom production and consumption in the region are growing rapidly due to the surging demand for nutrient-rich food.

Key players in the market

Some of the key players profiled in the Mushroom Market include The Mushroom Company, Shanghai Fengke Biological Technology Co., Ltd, OKECHAMP S.A, Monterey Mushroom, Inc, Costa Group, Greenyard, Drinkwater Mushrooms, CMP Mushroom, Bonduelle Group, Monaghan Group, Big Mountain Foods and Walsh Mushrooms Group.

Key Developments:

In October 2021, Big Mountain Foods announced its partnership with Sprouts Farmers Market, a leader in gut-healthy foods, to launch the first Lion’s Mane mushroom product line across North America.

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 (England-based center).

Forms Covered:
• Processed
• Fresh
• Other Forms

Products Covered:
• Truffles
• Shiitake
• Oyster
• Matsutake
• Button
• Other Products

Distribution Channels Covered:
• Supermarkets & Hypermarkets
• Retail Outlets
• Online Stores
• Grocery Stores
• Direct to Customer
• Convenience Stores
• Specialty Stores

Applications Covered:
• Food
• Cosmetics
• Pharmaceutical

End Users Covered:
• Residential
• Industrial
• Commercial

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