Mushroom Market Size is projected to reach USD 112.71 billion by 2030, growing at a CAGR of 9.4%: Straits Research

New York, United States, March 14, 2023 (GLOBE NEWSWIRE) -- Mushrooms are a type of edible fungi that have been categorized as vegetables even though they are not technically plants. They contain many beneficial nutrients like riboflavin, potassium, vitamin D, and selenium. Dried mushrooms, frozen mushrooms, sliced mushrooms, powdered mushrooms, and mushroom extracts are all processed forms of the original mushroom. As a result, a mushroom is a primary input for the processed mushroom industry. Mushrooms are used in many processed foods, like mushrooms in a jar, mushrooms in a can, mushrooms that have been customized, and mushrooms that have been processed.

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High Nutritional Properties of Mushroom Drives the Global Market

Mushrooms are the perfect food for the health-conscious and fitness-obsessed because they are low in calories and nearly 99% fat-free. These nutrients reduce oxidative stress and lower the probability of developing serious diseases like cancer, cardiovascular disease, and dementia. Mushrooms are an excellent source of riboflavin, with just one serving providing more than 20% of the recommended daily intake. Riboflavin contributes to healthy red blood cell formation, normal vision function, and decreased tiredness and fatigue. The high therapeutic value of edible fungus and growing public awareness are also expected to fuel market growth over the next few years.

Increasing Use of Mushrooms as a Substitute for Meat Products Creates Tremendous Opportunities

Cremini and Portobello mushrooms have a rich, earthy, meaty flavor and texture, making them a good meat substitute. Mushrooms can be used as an alternative to meat to reduce calories and improve the taste of a dish for vegetarian, flexitarian, or meat-reduced consumers. Consumers are increasingly adopting a vegan diet in response to rising health concerns like obesity and the health benefits of plant-based meat substitutes. As a result, the mushroom industry benefits from the anticipated rise in demand for its product as a meat substitute.

Report Scope

Report Metric	Details
Market Size	USD 112.71 billion by 2030
CAGR	9.4% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product, Form, Distribution Channel, Applications
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Bonduelle Group, Costa Group, CMP Mushrooms, Drinkwater Mushrooms, Greenyard, Monaghan Group, Monterey Mushrooms, Inc., OKECHAMP S.A., and Shanghai Fengke Biological Technology Co., Ltd.
Key Market Opportunities	Increasing Use of Mushrooms as a Substitute for Meat Products
Key Market Drivers	High Nutritional Properties of Mushroom

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Regional Analysis

Asia-Pacific is the most significant shareholder in the global mushroom market and is expected to grow at a CAGR of 9.65% during the forecast period. Traditional Chinese medicine has long made use of mushrooms. Due to nutritional and medicinal benefits, mushroom consumption is rising across the country. As a result of their widespread acceptance and consumption, mushrooms have found the most success in the food industry in China. The mushroom market in India will be driven by the growing interest in mushroom farming among farmers looking to increase their bottom lines through increased export opportunities.

Europe is expected to grow at a CAGR of 9.52%, generating USD 16,378.24 million during the forecast period. Europe is a significant player in the international mushroom trade and a major destination for mushroom imports. Opportunity for niche mushrooms like gourmet mushrooms expands as the region's per capita income rises and its markets mature. The European Union's most important industries are food, pharmaceutical, and cosmetics. In addition, demand for meat alternatives like mushrooms is anticipated to increase in the region due to consumers' shifting preferences toward plant-based diets and healthier lifestyles. Due to their widespread inclusion in modern diets, fresh oyster mushrooms are produced commercially in this country.

North America is a prominent regional mushroom market because of higher market penetration in the region's developed economies, such as the United States and Canada. The mushroom market is being pushed forward by a growing consumer base in developing economies like Mexico. The food, pharmaceutical, and beauty product industries are particularly robust in the developed nations of North America. Premium products made with organic and natural materials command a higher price point from consumers. Demand for meat substitutes like mushrooms in the food and dietary supplement industries is expected to rise over the forecast period due to increasing consumer awareness toward health and wellness in the region and a growing preference for a vegan diet.

Key Highlights

• The global mushroom market size was valued at USD 49.8 billion in 2021. It is projected to reach USD 112.71 billion by 2030, growing at a CAGR of 9.4% during the forecast period (2022–2030).
• Based on the product, the global mushroom market is bifurcated into button, shiitake, oyster, matsutake, truffles, and others. The shiitake segment is the highest contributor to the market and is expected to grow at a CAGR of 9.73% during the forecast period.
• Based on form, the global mushroom market is bifurcated into fresh and processed. The fresh segment owns the highest market share and is expected to grow at a CAGR of 9.47% during the forecast period.
• Based on distribution channels, the global mushroom market is bifurcated into direct-to-customer, grocery stores, supermarkets and hypermarkets, convenience stores, and online stores. The supermarket and hypermarket segment is the highest contributor and is expected to grow at a CAGR of 9.68% during the forecast period.
• Based on applications, the global mushroom market is bifurcated into food, pharmaceuticals, and cosmetics. The food segment owns the highest market share and is expected to grow at a CAGR of 9.59% during the forecast period.
• Asia-Pacific is the most significant shareholder in the global mushroom market and is expected to grow at a CAGR of 9.65% during the forecast period.

The global mushroom market’s major key players are

• Bonduelle Group
• Costa Group
• CMP Mushrooms
• Drinkwater Mushrooms
• Greenyard
• Monaghan Group
• Monterey Mushrooms Inc.
• OKECHAMP S.A.
• Shanghai Fengke Biological Technology Co.Ltd

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Segmentation of Global Mushroom Market

By Product

• Button
• Shiitake
• Oyster
• Matsutake
• Truffles
• Others

By Form

• Fresh
• Processed

By Distribution Channel

• Direct to Customer
• Grocery Stores
• Supermarkets & Hypermarkets
• Convenience Stores
• Online Stores

By Applications

• Food
• Pharmaceuticals
• Cosmetics

By Regions

• North America
• Europe
• Asia-Pacific
• Central and South America
• The Middle East and Africa

Table of Content

1. Executive Summary
2. Research Scope & Segmentation
   1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered
3. Market Opportunity Assessment
   1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM
4. Market Trends
   1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors
5. Market Assessment
   1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Raw Material Analysis
   4. Sales And Distribution Channel Analysis
   5. Trade Analysis
   6. M & A Agreements & Collabration Analysis
   7. Export Import Analysis
   8. Cost Structure Analysis
6. ESG Trends
7. Global Mushroom Market Size Analysis
   1. Global Mushroom Market Introduction
   2. By Product
      1. Introduction
         1. Product By Value
      2. Button
         1. By Value
      3. Shiitake
         1. By Value
      4. Oyster
         1. By Value
      5. Matsutake
         1. By Value
      6. Truffles
         1. By Value
      7. Others
         1. By Value
   3. By Form
      1. Introduction
         1. Form By Value
      2. Fresh
         1. By Value
      3. Processed
         1. By Value
   4. By Distribution Channel
      1. Introduction
         1. Distribution Channel By Value
      2. Direct To Customer
         1. By Value
      3. Grocery Stores
         1. By Value
      4. Supermarkets & Hypermarkets
         1. By Value
      5. Convenience Stores
         1. By Value
      6. Online Stores
         1. By Value
   5. By Applications
      1. Introduction
         1. Applications By Value
      2. Food
         1. By Value
      3. Pharmaceuticals
         1. By Value
      4. Cosmetics
         1. By Value
8. North America Market Analysis
   1. Introduction
   2. By Product
      1. Introduction
         1. Product By Value
      2. Button
         1. By Value
      3. Shiitake
         1. By Value
      4. Oyster
         1. By Value
      5. Matsutake
         1. By Value
      6. Truffles
         1. By Value
      7. Others
         1. By Value
   3. By Form
      1. Introduction
         1. Form By Value
      2. Fresh
         1. By Value
      3. Processed
         1. By Value
   4. By Distribution Channel
      1. Introduction
         1. Distribution Channel By Value
      2. Direct To Customer
         1. By Value
      3. Grocery Stores
         1. By Value
      4. Supermarkets & Hypermarkets
         1. By Value
      5. Convenience Stores
         1. By Value
      6. Online Stores
         1. By Value
   5. By Applications
      1. Introduction
         1. Applications By Value
      2. Food
         1. By Value
      3. Pharmaceuticals
         1. By Value
      4. Cosmetics
         1. By Value
   6. U.S.
      1. By Product
         1. Introduction
            1. Product By Value
         2. Button
            1. By Value
         3. Shiitake
            1. By Value
         4. Oyster
            1. By Value
         5. Matsutake
            1. By Value
         6. Truffles
            1. By Value
         7. Others
            1. By Value
      2. By Form
         1. Introduction
            1. Form By Value
         2. Fresh
            1. By Value
         3. Processed
            1. By Value
      3. By Distribution Channel
         1. Introduction
            1. Distribution Channel By Value
         2. Direct To Customer
            1. By Value
         3. Grocery Stores
            1. By Value
         4. Supermarkets & Hypermarkets
            1. By Value
         5. Convenience Stores
            1. By Value
         6. Online Stores
            1. By Value
      4. By Applications
         1. Introduction
            1. Applications By Value
         2. Food
            1. By Value
         3. Pharmaceuticals
            1. By Value
         4. Cosmetics
            1. By Value
   7. Canada
9. Europe Market Analysis
   1. Introduction
   2. By Product
      1. Introduction
         1. Product By Value
      2. Button
         1. By Value
      3. Shiitake
         1. By Value
      4. Oyster
         1. By Value
      5. Matsutake
         1. By Value
      6. Truffles
         1. By Value
      7. Others
         1. By Value
   3. By Form
      1. Introduction
         1. Form By Value
      2. Fresh
         1. By Value
      3. Processed
         1. By Value
   4. By Distribution Channel
      1. Introduction
         1. Distribution Channel By Value
      2. Direct To Customer
         1. By Value
      3. Grocery Stores
         1. By Value
      4. Supermarkets & Hypermarkets
         1. By Value
      5. Convenience Stores
         1. By Value
      6. Online Stores
         1. By Value
   5. By Applications
      1. Introduction
         1. Applications By Value
      2. Food
         1. By Value
      3. Pharmaceuticals
         1. By Value
      4. Cosmetics
         1. By Value
   6. U.K.
      1. By Product
         1. Introduction
            1. Product By Value
         2. Button
            1. By Value
         3. Shiitake
            1. By Value
         4. Oyster
            1. By Value
         5. Matsutake
            1. By Value
         6. Truffles
            1. By Value
         7. Others
            1. By Value
      2. By Form
         1. Introduction
            1. Form By Value
         2. Fresh
            1. By Value
         3. Processed
            1. By Value
      3. By Distribution Channel
         1. Introduction
            1. Distribution Channel By Value
         2. Direct To Customer
            1. By Value
         3. Grocery Stores
            1. By Value
         4. Supermarkets & Hypermarkets
            1. By Value
         5. Convenience Stores
            1. By Value
         6. Online Stores
            1. By Value
      4. By Applications
         1. Introduction
            1. Applications By Value
         2. Food
            1. By Value
         3. Pharmaceuticals
            1. By Value
         4. Cosmetics
            1. By Value
   7. Germany
   8. France
   9. Spain
   10. Italy
   11. Russia
   12. Nordic
   13. Benelux
   14. Rest Of Europe
10. APAC Market Analysis
    1. Introduction
    2. By Product
       1. Introduction
          1. Product By Value
       2. Button
          1. By Value
       3. Shiitake
          1. By Value
       4. Oyster
          1. By Value
       5. Matsutake
          1. By Value
       6. Truffles
          1. By Value
       7. Others
          1. By Value
    3. By Form
       1. Introduction
          1. Form By Value
       2. Fresh
          1. By Value
       3. Processed
          1. By Value
    4. By Distribution Channel
       1. Introduction
          1. Distribution Channel By Value
       2. Direct To Customer
          1. By Value
       3. Grocery Stores
          1. By Value
       4. Supermarkets & Hypermarkets
          1. By Value
       5. Convenience Stores
          1. By Value
       6. Online Stores
          1. By Value
    5. By Applications
       1. Introduction
          1. Applications By Value
       2. Food
          1. By Value
       3. Pharmaceuticals
          1. By Value
       4. Cosmetics
          1. By Value
    6. China
       1. By Product
          1. Introduction
             1. Product By Value
          2. Button
             1. By Value
          3. Shiitake
             1. By Value
          4. Oyster
             1. By Value
          5. Matsutake
             1. By Value
          6. Truffles
             1. By Value
          7. Others
             1. By Value
       2. By Form
          1. Introduction
             1. Form By Value
          2. Fresh
             1. By Value
          3. Processed
             1. By Value
       3. By Distribution Channel
          1. Introduction
             1. Distribution Channel By Value
          2. Direct To Customer
             1. By Value
          3. Grocery Stores
             1. By Value
          4. Supermarkets & Hypermarkets
             1. By Value
          5. Convenience Stores
             1. By Value
          6. Online Stores
             1. By Value
       4. By Applications
          1. Introduction
             1. Applications By Value
          2. Food
             1. By Value
          3. Pharmaceuticals
             1. By Value
          4. Cosmetics
             1. By Value
    7. Korea
    8. Japan
    9. India
    10. Australia
    11. Taiwan
    12. South East Asia
    13. Rest Of Asia-Pacific
11. Middle East And Africa Market Analysis
    1. Introduction
    2. By Product
       1. Introduction
          1. Product By Value
       2. Button
          1. By Value
       3. Shiitake
          1. By Value
       4. Oyster
          1. By Value
       5. Matsutake
          1. By Value
       6. Truffles
          1. By Value
       7. Others
          1. By Value
    3. By Form
       1. Introduction
          1. Form By Value
       2. Fresh
          1. By Value
       3. Processed
          1. By Value
    4. By Distribution Channel
       1. Introduction
          1. Distribution Channel By Value
       2. Direct To Customer
          1. By Value
       3. Grocery Stores
          1. By Value
       4. Supermarkets & Hypermarkets
          1. By Value
       5. Convenience Stores
          1. By Value
       6. Online Stores
          1. By Value
    5. By Applications
       1. Introduction
          1. Applications By Value
       2. Food
          1. By Value
       3. Pharmaceuticals
          1. By Value
       4. Cosmetics
          1. By Value
    6. UAE
       1. By Product
          1. Introduction
             1. Product By Value
          2. Button
             1. By Value
          3. Shiitake
             1. By Value
          4. Oyster
             1. By Value
          5. Matsutake
             1. By Value
          6. Truffles
             1. By Value
          7. Others
             1. By Value
       2. By Form
          1. Introduction
             1. Form By Value
          2. Fresh
             1. By Value
          3. Processed
             1. By Value
       3. By Distribution Channel
          1. Introduction
             1. Distribution Channel By Value
          2. Direct To Customer
             1. By Value
          3. Grocery Stores
             1. By Value
          4. Supermarkets & Hypermarkets
             1. By Value
          5. Convenience Stores
             1. By Value
          6. Online Stores
             1. By Value
       4. By Applications
          1. Introduction
             1. Applications By Value
          2. Food
             1. By Value
          3. Pharmaceuticals
             1. By Value
          4. Cosmetics
             1. By Value
    7. Turkey
    8. Saudi Arabia
    9. South Africa
    10. Egypt
    11. Nigeria
    12. Rest Of MEA
12. LATAM Market Analysis
    1. Introduction
    2. By Product
       1. Introduction
          1. Product By Value
       2. Button
          1. By Value
       3. Shiitake
          1. By Value
       4. Oyster
          1. By Value
       5. Matsutake
          1. By Value
       6. Truffles
          1. By Value
       7. Others
          1. By Value
    3. By Form
       1. Introduction
          1. Form By Value
       2. Fresh
          1. By Value
       3. Processed
          1. By Value
    4. By Distribution Channel
       1. Introduction
          1. Distribution Channel By Value
       2. Direct To Customer
          1. By Value
       3. Grocery Stores
          1. By Value
       4. Supermarkets & Hypermarkets
          1. By Value
       5. Convenience Stores
          1. By Value
       6. Online Stores
          1. By Value
    5. By Applications
       1. Introduction
          1. Applications By Value
       2. Food
          1. By Value
       3. Pharmaceuticals
          1. By Value
       4. Cosmetics
          1. By Value
    6. Brazil
       1. By Product
          1. Introduction
             1. Product By Value
          2. Button
             1. By Value
          3. Shiitake
             1. By Value
          4. Oyster
             1. By Value
          5. Matsutake
             1. By Value
          6. Truffles
             1. By Value
          7. Others
             1. By Value
       2. By Form
          1. Introduction
             1. Form By Value
          2. Fresh
             1. By Value
          3. Processed
             1. By Value
       3. By Distribution Channel
          1. Introduction
             1. Distribution Channel By Value
          2. Direct To Customer
             1. By Value
          3. Grocery Stores
             1. By Value
          4. Supermarkets & Hypermarkets
             1. By Value
          5. Convenience Stores
             1. By Value
          6. Online Stores
             1. By Value
       4. By Applications
          1. Introduction
             1. Applications By Value
          2. Food
             1. By Value
          3. Pharmaceuticals
             1. By Value
          4. Cosmetics
             1. By Value
    7. Mexico
    8. Argentina
    9. Chile
    10. Colombia
    11. Rest Of LATAM
13. Competitive Assessment
    1. Adoption Matrix
    2. Mushroom Market Share By Manufacturers
    3. Mushroom Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
14. Market Players Assessment
    1. Bonduelle Group
       1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments
    2. Costa Group
    3. CMP Mushrooms
    4. Drinkwater Mushrooms
    5. Greenyard
    6. Monaghan Group
    7. Monterey MushroomsInc.
    8. OKECHAMP S.A.
    9. Shanghai Fengke Biological Technology Co.LTD
15. RESEARCH METHODOLOGY
    1. Research Data
       1. Secondary Data
          1. Major Secondary Sources
          2. Key Data From Secondary Sources
       2. Primary Data
          1. Key Data From Primary Sources
          2. Breakdown Of Primaries
       3. Secondary And Primary Research
          1. Key Industry Insights
    2. Market Size Estimation
       1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection
    3. Research Assumptions
       1. Assumptions
    4. Limitations
    5. Risk Assessment
16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/mushroom-market/toc

Recent Development

• In January 2021, South Mill Champs ("SMC"), one of North America's largest producers of premium mushrooms, acquired The Mushroom Company of Cambridge, Maryland.
• In February 2022, Monterey Mushrooms introduced a new product line consisting of organic full spectrum and Mycelium Plus mushroom powders for use as ingredients by food and supplement manufacturers.

News Media

Plant-Based Meat: A Delicious Way to Be A Part of Growing Veganism

Top 10 Vegan Food Companies In The world In 2020

Global Mycelium Market Grows Steadily at a CAGR of 7.8%

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