Mushroom Market size to hit USD 105.20 Bn by 2029 at a CAGR 9.6 percent – says Maximize Market Research
Mushroom Market in Asia Pacific is to grow rapidly during the forecast period. Global Mushroom Market analysis has been done by dividing the market into four main segments: Type, Form Type, Distribution Channel and Application. The bottom-up approach was used to estimate the Mushroom Market size.
Pune, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research a leading Food & Beverages research firm has published a market intelligence report on the Global Mushroom Market. As per the report, the total market opportunity by 2029 is expected to be USD 105.20 Bn. The total market was valued at USD 55.38 Bn in 2022 and it is expected to grow at a CAGR of 9.6 percent during the forecast period.
Market Size in 2022 | USD 55.38 Bn. |
Market Size in 2029 | USD 105.20 Bn. |
CAGR | 9.6% (2023-2029) |
Forecast Period | 2023-2029 |
Base Year | 2022 |
Number of Pages | 287 |
No. of Tables | 117 |
No. of Charts and Figures | 114 |
Segment Covered | Type, Form Type, Distribution Channel and Application. |
Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Mushroom Market Report Scope and Research Methodology
The Mushroom Market Report offers a detailed analysis of the Mushroom industry, covering the study of genes, functions, and their role in health and disease. The research methodology involves a rigorous approach, combining primary data collection through surveys and interviews with experts, alongside secondary data from reputable sources and databases. The report assesses market size, segmentation, and regional dynamics, providing valuable insights into the factors shaping the Mushroom market. This report provides insights into mushroom types (e.g., button, shiitake, oyster), their applications in various industries (food, pharmaceuticals, cosmetics), and regional market dynamics.
The report on the Mushroom Market covers key aspects of the market dynamics. The report's scope includes a comprehensive inspection of trends, growth drivers, challenges, and opportunities of the mushroom market. It also assesses key players, market share, and competitive strategies. The scope includes market size projections, CAGR analysis, and a holistic view of supply chain dynamics.
Mushroom Market Overview
Mushrooms are nothing but fungi that offer an extensive collection of culinary and nutritional benefits. Mushrooms are fat-free, and a good source of minerals, vitamins, and antioxidants. It is used to minimize the danger of illnesses such as breast cancer, and prostate cancer which assists in increasing its consumption and performance of sales. Asia Pacific region dominated the market and held the largest market share in the year 2022 and it is expected to dominate the global Mushroom market during the forecast period. The penetration of Supermarkets and hypermarkets is stronger in developed regions such as Europe and North America than in emerging regions.
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Mushroom Market Dynamics
Manufacturing of mushrooms needs a high level of managerial involvement. It requires special treatment, and high-quality outputs, humidity, temperature, and light have a deep influence on them. The short production cycles and strong yields decrease harvest windows, limiting output amount. Allergic responses during the creation of oyster varieties are expected to limit market expansion. Increasing health consciousness to drive high nutritional value consumption of food as a Growth Driver. Growing demand for foods with reduced fat and cholesterol levels that are also high in nutrients is predicted to drive global market expansion. It includes fiber and digestive enzymes that promote immunological health, which has led to an increase in its use in dietary supplements. The rapidly growing food service business is increasing demand in hotels, restaurants, and cafeterias. Fungi can also provide health and nutritional advantages by using edible fungus powders in soups, smoothies, and sauces.
Mushroom Market Regional Insights
Asia Pacific region dominated the market and held the largest market share of 78% in the year 2022 and it is expected to grow the market at the highest CAGR of 11.82% in the global Mushroom market during the forecast period. The changing eating habits of consumers and growing spending on processed food in developing countries of this region such as India and China increases the demand for mushrooms. The growth in food hotels and restaurants in this region is likely to boost the global mushroom market during the forecast period.
Europe held the second-largest market share in the year 2022 because of the rising consumption of mushrooms in this region. The North American region has solid market adoption in countries such as the United States and Canada, North America has a considerable part of the market. Consumers are ready to pay a greater price for quality items made with natural and organic components.
Mushroom Market Segmentation
By Type
Button Mushroom
Shiitake Mushroom
Oyster Mushroom
Others
By Form Type
Fresh Mushroom
Processed Mushroom
Dried Mushroom
Frozen Mushroom
Canned Mushroom
Others
Based on Form Type, the global Mushroom market is segmented into Fresh Mushrooms, Processed Mushrooms, and Others. The Fresh Mushroom segment dominated the global market in 2022 by holding the largest mushroom market share and is expected to continue its dominance during the forecast period. As a result of a growing taste for organic and undercooked foods, it has substantial demand for fresh mushrooms. Whereas, the increase in emerging technologies, and the use of modified environment packaging, have relieved the limits inherent with mushrooms' limited shelf life, resulting in segment growth.
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By Distribution Channel
Hypermarkets and Supermarkets
Conventional Store
Others
By Application
Food Processing Industry
Retail Outlets
Food Services
Others
Based on Application, the food Processing Industry application segment dominated the global market in the year 2022 and is expected to dominate the market throughout the forecast period. The benefits of mushrooms are that they are low in fat and cholesterol, and have very little salt and gluten. Mushrooms also include significant elements such as vitamins, minerals, and proteins in it. Consumers need healthier drinks and food products that contain nutrients, from clean or natural sources. Food and beverage firms are creating mushroom-based foods and beverages to capitalize on this trend.
Mushroom Key Competitors include:
Drinkwater’s Mushrooms Ltd
Lutece Holdings B.V.
Okechamp S.A.
The Mushroom Company
Bonduelle SCA
Monterey Mushrooms Inc.
Costa Group Holdings Limited
Shanghai Finc Bio Tech Inc.
Monaghan Mushrooms Ltd.
CMP Mushrooms Greenyard NV
Fresh Stock
Agro Dutch Industries Ltd
Hughes Mushroom
Modern Mushroom Farms
Scelta Mushrooms BV
The California Mushroom Farms Inc
Banken Champignons
Ecolink Baltic
Kulkarni Farm Fresh Pvt. Ltd
Weikfield Foods Pvt. Ltd.
Key questions answered in the Global Mushroom Market are:
What is the expected CAGR of the Mushroom Market during the forecast period?
What was the Mushroom Market Size in 2022?
What is the expected Mushroom Market size in 2029?
What are the global trends in the Mushroom Market?
What are the upcoming industry applications and trends for the Mushroom Market?
What recent industry trends can be implemented to generate additional revenue streams for the Mushroom Market?
What growth strategies are the players considering to increase their presence in the Mushroom Market?
What major challenges could the Mushroom Market face in the future?
Who held the largest market share in the Mushroom Market?
Key Offerings:
Past Market Size and Competitive Landscape (2017 to 2022)
Past Pricing and price curve by region (2017 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by Type, Form Type, Distribution Channel and Application.
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
Oyster Mushroom Market- The market size is expected to reach USD 84.33 Bn by 2029 at a CAGR of 7.6 percent during the forecast period. Asia Pacific region dominated the Oyster Mushroom Market in the year 2022 and is expected to dominate the global market during the forecast period.
Chaga Mushroom Market - The market size is expected to reach USD 1.34 Bn by 2029 at a CAGR of 8.2 percent during the forecast period. Chaga extract protects liver tissue from the effects of tetra-butyl hydroperoxide, and it supports the Immune System and Reduces Inflammation.
Functional Mushroom Market - The market size is expected to reach USD 6.37 Bn by 2029 at a CAGR of 7.8 percent during the forecast period. Asia-Pacific is leading the market and this region is the biggest manufacturer of Functional Mushroom. China is the country that manufactures and accounts for more than 40% of the global production of Functional mushrooms.
White Mushroom Market - The market size is expected to reach USD 63.49 Mn by 2029 at a CAGR of 6.9 percent during the forecast period. The Asia Pacific dominated the white mushroom market and China accounted for 82.8% of total production in the year 2022.
Reishi Mushroom Extract Market - The market size is expected to reach USD 6.87 Bn by 2029 at a CAGR of 8.8 percent during the forecast period. The necessary production skills are lacking the limitation of the Reishi Mushroom Extract Market that can restrict its growth and hamper the market.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
CONTACT: Contact Maximize Market Research: 3rd Floor, Navale IT Park, Phase 2 Pune Banglore Highway, Narhe, Pune, Maharashtra 411041, India sales@maximizemarketresearch.com +91 96071 95908, +91 9607365656
