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The mushroom market size is forecast to increase by USD 22.20 billion between 2022 and 2027, accelerating at a compound annual growth rate (CAGR) of 6.62%. In 2017, China held the largest market share, projecting an annual revenue of USD 5.80 billion. The market growth is being driven by the potential for growth in untapped markets. The cultivation industry is witnessing increased R&D and innovation, which is leading to the expansion of the global fresh mushroom market and its consumer base. In this market analysis and report the market size, historical market size (2017-2021), and forecasts are provided on the basis of value (USD billion) for all the segments.
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Growth potential in untapped markets is a key factor driving the market growth. The global market benefits from untapped markets that contribute to its growth. Asian countries dominate production, with China accounting for 75% of global production in 2021. Europe's top producers include Italy, Spain, France, Poland, Romania, Germany, and the Netherlands, although they produce less than Asia. The United States ranks third in the global production.
Interestingly, European and Asian countries boast substantial consumption, with Europe, in particular, showcasing high per capita consumption. Changing food preferences among millennials in Europe, North America, South America, and the Middle East and Africa, focusing on healthier and vegan options, boosts demand. Effective marketing and awareness campaigns emphasizing the health benefits and are expected to drive market growth in the forecast period.
Fresh Mushroom Segment is the Fastest Growing Segment in this Market
As per the latest market trends and analysis, the fresh segment was valued at USD 42.64 billion in 2017 and continued to grow until 2021. The global market is expanding its consumer base, driven by increased R&D and innovation in cultivation. Growing consumer preference for organic, unprocessed foods fuels the demand for fresh mushrooms. Technological advancements, such as modified atmosphere packaging, address shelf-life challenges, fostering market growth. They are now available online with attractive discounts, capitalizing on high-volume procurement. The rising online retail penetration is poised to benefit the market. Despite record-high consumer demand, this trend is expected to persist and grow post-pandemic. Initiatives like Costa's "Mush-Boom" in Australia aim to boost fresh consumption.
Revenue Share by Market Segment, 2017-2027
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APAC Holds a Prominent Position in the Market
APAC is estimated to contribute 40% to the growth of the global market during the forecast period. The European market is fiercely competitive, with player survival hinging on supplying quality fresh, dried, and canned at competitive prices. Leading producing countries in 2022, as per Eurostat, include Italy, Spain, France, Poland, Romania, Germany, and the Netherlands. Europe has witnessed a growing appetite for exotic mushrooms since 2018, spurred by imports from China. Countries like Spain have seen a surge in Shiitake mushroom consumption since 2020, leading to increased local production. Ukraine also reflects this trend, with supermarket chains consistently offering homegrown exotic ones like Eringi, Shimeji, Yenoki, and Honey mushrooms, often imported from China, South Korea, and the Netherlands.
Market Size, By Region, Global, 2017-2027
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This market is fragmented in nature. Some significant players include Banken Champignons B.V., Basciani Foods Inc., BioFungi GmbH, BONDUELLE SA, Commercial Mushroom Producers Co. Operative Society Ltd., Drinkwater Mushrooms
This market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Fujishukin Co. Ltd., Giorgio Fresh Co., Greenyard NV, Highline Mushrooms, Hughes Group, Lambert Spawn, Monaghan Mushrooms Ireland Unlimited Co., Monterey Mushrooms Inc., MycoTerraFarm, NABIA, OKECHAMP S.A., Phillips Mushroom Farms, South Mill Champs, and Weikfield Foods Pvt. Ltd.
The market is experiencing robust growth, driven by factors such as the increasing vegan population and demand for protein-rich diet alternatives. Mushrooms are rich in essential nutrients like selenium, vitamin D, glutathione, and ergothioneine, which combat oxidative stress and reduce the risk of chronic conditions such as cancer, heart disease, and dementia. As consumers seek natural ingredients and clean-label cosmetic products, they are gaining popularity for their role in plant extracts and formulations. The shelf life and post-harvest storage and transportation ensure their availability year-round, catering to diverse culinary preferences and traditional medicines. With varieties like oyster and matsutake, offering a delicate texture and mild-savory flavor, the market is set for continuous growth, despite concerns about endangered species and sustainability.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Mushroom Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.62% |
Market growth 2023-2027 |
USD 22.20 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.92 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key countries |
US, Canada, China, Japan, and The Netherlands |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Banken Champignons B.V., Basciani Foods Inc., BioFungi GmbH, BONDUELLE SA, Commercial Mushroom Producers Co. Operative Society Ltd., Drinkwater Mushrooms, Fujishukin Co. Ltd., Giorgio Fresh Co., Greenyard NV, Highline Mushrooms, Hughes Group, Lambert Spawn, MycoTerraFarm, NABIA, OKECHAMP S.A., South Mill Champs, and Weikfield Foods Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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