The global mushroom market was valued at 17.25 million tonnes in 2023 and is projected to grow from 18.39 million tonnes in 2024 to 32.04 million tonnes by 2032, exhibiting a CAGR of 7.18% during the forecast period (2024-2032). In 2023, Asia Pacific dominated the market with a 79.83% share. Additionally, the U.S. mushroom market is expected to expand significantly, reaching an estimated 1.22 million tonnes by 2032. This growth is driven by increased investments from local growers in advanced cultivation technologies and rising merger and acquisition activities by international players aiming to strengthen their presence in the country.
Mushrooms, commonly referred to as edible fungi, are classified as vegetables but are not technically considered plants. They are rich in essential nutrients such as riboflavin, potassium, vitamin D, and selenium, offering various health benefits. Clinical and preclinical studies indicate that mushroom consumption supports immune function, weight management, and overall health. Moreover, research suggests that regular consumption may reduce the risk of diseases such as prostate and breast cancer, further driving demand and boosting sales performance.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/mushroom-market-100197
Market Segmentation
Based on type, the market is divided into oyster, shiitake, button, and others. By form, it is categorized into canned, frozen, fresh, and dried. Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
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Incorporate the latest market trends influencing growth.
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Evaluates key drivers and restraints shaping the industry.
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Provides an in-depth analysis of the COVID-19 pandemic’s impact.
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Recommends innovative strategies for sustained growth.
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Highlights recent industry developments and advancements.
Drivers & Restraints
Rising Health Consciousness to Drive Nutritional Food Demand
The increasing awareness of health and nutrition among the growing global population is expected to boost the demand for foods low in cholesterol and fat. Mushrooms, widely used in households, restaurants, hotels, and cafeterias, are rich in fiber and digestive enzymes that enhance immunity and gut health. These nutritional benefits are expected to drive global mushroom market growth.
Growing investments in research and development for commercial cultivation will likely present lucrative opportunities for market expansion. Additionally, the rising international trade and cultivation of exotic mushroom varieties are projected to contribute to market growth.
Mushroom production is labor-intensive, accounting for a significant portion of overall costs. This has prompted manufacturers to integrate robotics and advanced control systems for automation. Increased investments in automated production processes are expected to further propel market growth.
However, high operational costs may pose a challenge to market expansion.
Regional Insights
Asia Pacific to Dominate Due to High Consumption Levels
Asia Pacific is expected to hold the largest market share during the forecast period, with China leading as the world’s top edible fungus producer. The growing consumption of mushrooms in India, Japan, and other countries, along with the increasing adoption of modern production techniques, will drive regional growth.
Europe to Witness Significant Expansion
Europe is projected to experience notable growth, driven by high demand for medicinal mushroom products in Spain, the Netherlands, and the U.K. Additionally, the region’s rising adoption of automation and advanced cultivation methods is expected to support market expansion.
North America to Experience Lucrative Growth
North America is anticipated to see substantial growth due to the adoption of advanced production methods by key market players and supportive government initiatives promoting mushroom cultivation.
South America to Benefit from Processed Food Demand
South America is expected to grow steadily, fueled by increasing consumption of processed food products and the rising adoption of vegan lifestyles.
Competitive Landscape
Major Players Focus on Mergers & Acquisitions for Global Expansion
Leading industry players are prioritizing mergers, acquisitions, and extensive research and development initiatives to strengthen their global footprint. Companies are actively focusing on product innovation to stay competitive.
List of Key Market Players-
- Weikfield Foods Pvt. Ltd. (Maharashtra, India)
- BioFungi GmbH (Bavaria, Germany)
- Monaghan Mushrooms (Monaghan, Ireland)
- Highline Mushrooms (Ontario, Canada)
- Scelta Mushrooms BV (Limburg, Netherlands)
- Monterey Mushrooms, Inc. (California, U.S.)
- Nasza Chata (Czaniec, Poland)
- Banken Champignons B.V. (Wijchen, Netherlands)
- Bonduelle S.A. (Villeneuve d’Ascq, France)
- Ecolink Baltic (Varena, Lithuania)
Key Industry Developments
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March 2021: New Wave Holdings Corp., an investment issuer in the nutraceutical sector, launched its first line of functional mushroom products under the Way of Will brand. The company introduced functional capsules and powder to the U.S. market.
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July 2020: Leap Foods introduced a new range of mushroom-blended burgers and sausages, expanding its product portfolio.
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