Mushroom Market by Product and Geography - Forecast and Analysis 2021-2025

The mushroom market share is expected to increase by USD 18.78 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.43%.

This mushroom market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers mushroom market segmentation by product (fresh mushroom, canned mushroom, and dried mushroom) and geography (Europe, APAC, North America, South America, and MEA). The mushroom market report also offers information on several market vendors, including BONDUELLE SA, Drinkwater Mushrooms, Giorgio Fresh Co., Highline Mushrooms, Hughes Mushroom, Lambert Spawn, Monaghan Mushrooms Ireland Unlimited Co., MycoTerraFarm, Okechamp SA, and The Mushroom Co. among others.

What will the Mushroom Market Size be During the Forecast Period?

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Mushroom Market: Key Drivers and Trends

The medicinal values associated with mushrooms are notably driving the mushroom market growth, although factors such as supply chain challenges and labor shortages may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mushroom industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mushroom Market Driver

One of the key factors driving growth in the mushroom market is the medicinal values associated with mushrooms. Mushrooms are considered a superfood, are high in antioxidants, and contain selenium, which is a mineral that is not present in most vegetables. This mineral plays a vital role in liver enzyme function and aids in combating cancer by detoxifying cancer-triggering compounds in the body. It also decreases tumor growth and prevents inflammation. Medicinal mushrooms are a type of mushrooms that have medicinal, functional, and nutritional features and are used for preventing, alleviating, or healing diseases or for their nutritional benefits. The increasing vegan population around the world will also play a significant role in the growth of the market.

Key Mushroom Market Challenge

The supply chain challenges and labor shortages will be major challenges for the mushroom market during the forecast period. This labor shortage existed prior to 2020, which the pandemic shutdown has compounded. For instance, some businesses in Pennsylvania are now facing a shortage of one-third of their workforce as winter approaches in 2021. The state that is described as the mushroom capital of the world faced the largest-ever labor crunch, even as the US emerged from the COVID-19 pandemic. The US food supply chain challenges were caused due to an increase in the demand for mushrooms during the post-pandemic era but the shortage in the supply of mushrooms. This imbalance was caused to the lack of farmers and other labors available to meet the demand requirements.

This mushroom market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Mushroom Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• BONDUELLE SA
• Drinkwater Mushrooms
• Giorgio Fresh Co.
• Highline Mushrooms
• Hughes Mushroom
• Lambert Spawn
• Monaghan Mushrooms Ireland Unlimited Co.
• MycoTerraFarm
• Okechamp SA
• The Mushroom Co.

This statistical study of the mushroom market encompasses successful business strategies deployed by the key vendors. The mushroom market is fragmented and the vendors are deploying growth strategies such as product innovation, partnerships, and expansions to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The mushroom market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Mushroom Market?

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38% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for mushrooms in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing vegan population and shifting trend toward nutrition-rich food will facilitate the mushroom market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Mushroom Market?

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The mushroom market share growth by the fresh mushroom segment will be significant during the forecast period. Globally, there has been an increase in the consumer base of this market. An increase in R&D activities and innovation in mushroom cultivation is expected to help the fresh mushroom market grow rapidly. There is also a high demand for fresh mushrooms, as consumers have increased their preference for organic and unprocessed foods.

This report provides an accurate prediction of the contribution of all the segments to the growth of the mushroom market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Mushroom Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive mushroom market growth during the next five years
• Precise estimation of the mushroom market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the mushroom industry across Europe, APAC, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of mushroom market vendors

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