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Global Mushroom Market to Grow at a CAGR of 8% in the Forecast Period, Aided by the Growing Health Consciousness Among Consumers

According to a new report by EMR titled, ‘Global Mushroom Market Report and Forecast 2022-2027’, the global mushroom industry reached a value of USD 54 billion in 2020. The industry is further expected to grow at a CAGR of 8% in the forecast period of 2022-2027.

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.

Market Analysis by Types, Forms, Distribution Channels, and Regions:

  • The various types of mushrooms in the market are the button, shiitake, and oyster, among others.
  • The several forms in the market are fresh, frozen, dried, and canned, among others.
  • The several distribution channels include supermarkets and hypermarkets, grocery stores, and online, among others.
  • The regional markets for mushroom include North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The increasing usage of organic food products are projected to drive the market growth.
  • Rapid urbanisation and rising disposable incomes are also propelling the market growth.
  • Increasing use of mushrooms as a substitute for meat products is one of the major opportunities for the market.
  • The hot nutritive and culinary properties of mushrooms are among the primary drivers of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global mushroom market for the periods (2017-2021) and (2022-2027). 
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for types, forms, distribution channels, and major regions of mushrooms.
  • It assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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