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One of the primary factors aiding the market's growth is the developing food and beverage industry and the growing health-consciousness among consumers around the world. Mushroom is becoming favoured as a protein, vitamin, and mineral-rich alternative for meat due to changing dietary preferences toward vegan cuisine. The increased use in the pharmaceutical industry is also aiding the market growth. Compounds found in mushrooms also support the treatment of disorders like hypercholesterolemia and hypertension. They are widely employed in the pharmaceutical industry because of their anti-inflammatory, antioxidant, and anticancer effects. Various technological advancements in mushroom packaging are propelling the market forward. Manufacturers have devised humidity-controlling packaging that keeps water from condensing on mushrooms, extending their shelf life. Globally, the food processing industry is booming due to the rising demand for a variety of processed foods. Due to a busy lifestyle, customers have a strong desire for convenience and ready-to-eat food products, which is propelling this industry even further. A favourable trading environment for mushrooms, combined with the start of cultivation of a number of mushroom types in several of the world's key mushroom producing countries/regions, is expected to propel the mushroom market forward.
Biotechnology, which is crucial for breeding, is advancing at a rapid pace, and this is expected to propel the mushroom market forward over the forecast period. Government and international agencies are continuously investing in research and development for improving mushroom quality and increasing the shelf life. For instance, High line mushrooms announced a USD 20 million investment in the creation of a second cross-field mushroom in August 2019. This will result in the creation of 120 jobs, while also helping to meet the demand for local goods.
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The major players in the global mushroom industry are Costa Group, Hughes Group, Monaghan Mushrooms, Monterey Mushrooms Inc., and Okechamp S.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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