The global mushroom market size is expected to be worth around US$ 100.20 billion by 2030, according to a new report by Vision Research Reports.
The global mushroom market size was valued at US$ 48.1 billion in 2020 and is anticipated to grow at a CAGR of 11.5% during forecast period 2021 to 2030.
|Market Size||USD 100.20 billion by 2030|
|Growth Rate||CAGR of 11.5% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Form, Distribution Channel, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Bonduelle Group; Costa Group; Greenyard; Monaghan Group; OKECHAMP S.A.; Shanghai Fengke Biological Technology Co., Ltd.|
The increasing popularity of vegan diets across developed economies on account of growing environmental concerns and consumer awareness regarding animal welfare is likely to have a positive impact on the industry growth.
Rising consumer preferences for natural ingredient-based food and cosmetic products owing to the growing awareness regarding the side effects of synthetic products are expected to drive demand for mushrooms. Furthermore, mushrooms are rich sources of vitamins, antioxidants, essential oils, proteins, and other bioactive compounds, which lead to its increasing demand in pharmaceutical applications.
By Product Analysis
Button product type was the highest segment with a volume share of 62.8% in 2020. It is expected to register a steady CAGR over the forecast period. They are widely cultivated across the world due to their nutritional benefits and lower incubation time taken by their spores. Furthermore, their lower cost as compared to their counterparts is expected to drive the segment over the forecast period.
the oyster type segment is expected to witness the largest CAGR of 12.2% over the forecast period. Oyster product types are popular in Chinese, Japanese, and Korean cooking due to their delicate texture and mild-savory flavor.
By Form Analysis
The fresh form segment accounted the market with a revenue share of 90.6% in 2020 due to the high demand for fresh mushrooms as a result of increased preference for organic and unprocessed foods. The distribution of fresh products is challenging for the manufacturers or distributors due to their limited shelf life.
the processed form is expected to witness the largest CAGR of 10% from 2021 to 2030. Processed types include dried, frozen, canned, pickled, and powdered forms. Additional processing, such as canning, freezing, or drying, is essential to extend the shelf life of the product.
By Distribution Channel Analysis
The supermarkets & hypermarkets segment dominated for the highest revenue share of over 40% in 2020 as mushrooms are majorly distributed through these distribution channels. In developed regions, such as Europe and North America, the penetration of supermarkets and hypermarkets is higher than that in the developing regions.
Grocery stores offer a broad range of processed products as compared to convenience stores with better discounts owing to their high-volume procurement than the latter. The limited space in most cities favors the establishment of grocery stores in place of supermarkets & hypermarkets.
By Application Analysis
The food application segment dominated for the largest revenue share of over 89% in the year 2020. This application considers the utilization of fresh and processed forms by the household as well as food service providers. Growing product popularity among health-conscious consumers and fitness enthusiasts is driving the segment growth.
Consumers are opting for healthier beverage and food products that are infused with nutrients extracted from clean or natural sources. To capitalize on this trend, food & beverage companies are launching mushroom-based food & beverages.
Mushrooms are rich sources of various bioactive compounds, such as polysaccharides, triterpenes, polyphenols, proteins, amino acids, and organic germanium. Mushrooms are rich in several key compounds, such as phenolics, polyphenolics, terpenoids, selenium, polysaccharides, and vitamins, which show excellent antioxidant, anti-aging, anti-wrinkle, skin whitening, and moisturizing effects.
By Regional Analysis
Asia Pacific led the market and dominated for over 79% share of global revenue in 2020. China, Japan, Malaysia, India, and Australia make some of the largest markets in the region. China led the market in 2020, in terms of production, with more than 78% contribution and per capita annual consumption of up to 10 kg.
Europe is one of the key consumers in the market and relies majorly on imports. Higher per capita income in the developed markets of the region is expected to create growth opportunities for exotic mushrooms like gourmet products.
The local demand from hotels, restaurants, and food chains was largely affected due to the lockdowns imposed in the region. North America holds a significant share in the market owing to higher market penetration in developed economies, such as the U.S. and Canada.
Shanghai Fengke Biological Technology Co., Ltd.
Direct to Customer
Supermarkets & Hypermarkets
Central & South America
Middle East & Africa
The Mushroom market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Mushroom market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Mushroom market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mushroom market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Mushroom market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Mushroom capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Mushroom by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Mushroom market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Mushroom market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Mushroom market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Mushroom industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Mushroom market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Mushroom market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Mushroom market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Mushroom market. These factors have benefited the growth of the global market for Mushroom. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Mushroom. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Mushroom are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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