[Latest] Global Mushroom Market Size/Share Worth USD 146,912.1 Million by 2033 at a 10.1% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
Austin, TX, USA, June 14, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Mushroom Market Size, Trends and Insights By Type of Mushroom (Button Mushrooms, Shiitake Mushrooms, Oyster Mushrooms, Portobello Mushrooms, Others), By Form (Fresh Mushrooms, Processed Mushrooms), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail, Food Service Providers, Others), By End Use (Household Consumption, Food Processing Industry, Pharmaceuticals, Cosmetics and Personal Care Products, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Mushroom Market size & share was valued at approximately USD 56,128.6 Million in 2023 and is expected to reach USD 61,797.6 Million in 2024 and is expected to reach a value of around USD 146,912.1 Million by 2033, at a compound annual growth rate (CAGR) of about 10.1% during the forecast period 2024 to 2033.”
Click Here to Access a Free Sample Report of the Global Mushroom Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=47283
Mushroom Market: Growth Factors and Dynamics
- Increasing Consumer Awareness: Growing awareness about the nutritional benefits and health advantages of mushrooms, including their high protein content, low calorie count, and various vitamins and minerals, is driving demand for mushrooms as a healthy food option among consumers.
- Rising Preference for Plant-based Diets: The increasing adoption of plant-based diets and vegetarianism/veganism is fueling demand for mushrooms as meat substitutes and versatile ingredients in various cuisines, contributing to market growth.
- Expanding Application in Food Industry: Mushrooms are being increasingly used as ingredients in various food products, including soups, sauces, pizzas, burgers, and salads, owing to their unique flavor profiles and texture, thereby driving market expansion.
- Advancements in Cultivation Techniques: Technological advancements in mushroom cultivation techniques, including controlled environment cultivation (CEC) methods such as indoor farming and hydroponics, are improving yield, quality, and efficiency, leading to increased production and market growth.
- Growing Popularity of Exotic Varieties: Rising demand for exotic mushroom varieties such as shiitake, oyster, and enoki mushrooms, due to their distinct flavors and nutritional profiles, is driving market growth, with consumers seeking culinary diversity and gourmet experiences.
- Expanding Market Penetration: The mushroom market is witnessing increased market penetration and distribution channels, with supermarkets/hypermarkets, specialty stores, and online retail platforms offering a wide range of mushroom products, enhancing accessibility, and driving the market growth. Additionally, the growing popularity of farmers’ markets and direct-to-consumer sales channels is further contributing to market expansion.
- Health and Wellness Trends: Mushroom’s association with various health benefits, including immune system support, anti-inflammatory properties, and potential cancer-fighting properties, aligns with prevailing health and wellness trends. As consumers prioritize functional foods and natural remedies, the demand for mushrooms as a nutritional powerhouse continues to grow, contributing to market expansion.
- Sustainability and Environmental Concerns: Mushrooms are considered environmentally friendly due to their low carbon footprint and ability to grow in diverse conditions, including on agricultural waste. With increasing environmental consciousness, consumers are gravitating towards sustainable food choices, further driving the demand for mushrooms as an eco-friendly and sustainable food option, thereby fostering market growth.
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Mushroom Market: Partnership and Acquisitions
- In 2022, Upexi, a division of Grove Inc., a prominent player in the mushroom market, introduced a medicinal mushroom product line available directly to consumers and on Amazon. Featuring USDA Certified Organic extracts, including liquid extracts and gummies, cultivated in the Pacific Northwest and formulated in California.
- In 2022, Innomy, a Spanish company specializing in mushroom-based meat substitutes, announced €1.3 million (USD 1.26 million) in Pre Series A funding to expand its product presence across Europe. Highlighting mycelium’s nutritional benefits, Innomy aims to capitalize on its potential as a promising protein source for the future.
- In 2021, Psyence Group Inc. revealed that its joint venture, Goodmind, collaborated with Vida e Caffè, a major coffee retail chain in South Africa, to introduce its functional mushroom brand in the country, marking a strategic expansion into the South African market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 61,797.6 Million |
| Projected Market Size in 2033 | USD 146,912.1 Million |
| Market Size in 2023 | USD 56,128.6 Million |
| CAGR Growth Rate | 10.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type of Mushroom, Form, Distribution Channel, End Use and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Mushroom report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Mushroom report has been modified to include the COVID-19 impact study prior to delivery.)
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Mushroom Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the Mushroom Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Disruption in Supply Chain: The mushroom market experienced disruptions in the supply chain due to lockdown measures, transportation restrictions, and labor shortages during the COVID-19 pandemic, leading to challenges in harvesting, processing, and distribution.
- Shift in Consumer Behavior: Changes in consumer behavior, including stockpiling, reduced restaurant dining, and increased home cooking, impacted the demand for mushrooms. While there was a surge in retail sales initially, the closure of food service outlets led to a decline in demand for mushrooms in the hospitality sector.
- Diversification of Sales Channels: Mushroom producers are diversifying their sales channels by focusing on retail sales through supermarkets, online platforms, and direct-to-consumer channels to compensate for the decline in food service demand.
- Promotion of Health Benefits: Highlighting the nutritional benefits and immunity-boosting properties of mushrooms through marketing campaigns and product labeling to capitalize on the growing consumer interest in health-conscious food choices.
- Investment in Automation and Technology: Mushroom growers are investing in automation and technology to streamline operations, reduce labor dependency, and improve efficiency in harvesting, processing, and packaging, mitigating the impact of labor shortages and ensuring continuity in production.
- Expansion into Value-added Products: Exploring opportunities in value-added mushroom products such as powders, extracts, supplements, and ready-to-eat meals to diversify product offerings, cater to evolving consumer preferences, and capture new market segments.
- Adoption of Sustainable Practices: Embracing sustainable cultivation practices, such as organic farming, regenerative agriculture, and waste reduction initiatives, to align with consumer demand for environmentally friendly food products and enhance the market appeal of mushrooms as a sustainable and ethical choice.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Mushroom Market, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
- What is the size of the Mushroom market and what is its expected growth rate?
- What are the primary driving factors that push the Mushroom market forward?
- What are the Mushroom Industry's top companies?
- What are the different categories that the Mushroom Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Mushroom market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Mushroom Market – Regional Analysis
The Mushroom Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, a significant trend in the Mushroom Market is the growing popularity of specialty and exotic mushroom varieties such as shiitake, oyster, and lion’s mane mushrooms. Additionally, there’s a rising demand for organic and locally sourced mushrooms, driven by consumer preferences for sustainable and ethically produced food products.
- Europe: In Europe, key trends in the Mushroom Market include the increasing consumption of processed mushroom products such as canned, dried, and frozen mushrooms, reflecting changing consumer lifestyles and preferences for convenience foods. Furthermore, there’s a growing emphasis on mushroom cultivation using sustainable practices and organic farming methods to meet stringent food safety and environmental regulations.
- Asia-Pacific: In the Asia-Pacific region, a notable trend is the expansion of mushroom cultivation in countries such as China, India, and Japan, driven by favorable climatic conditions, technological advancements, and government support for agriculture. Additionally, there’s a growing interest in medicinal mushrooms and functional mushroom products, with research and development focused on exploring their therapeutic properties and health benefits.
- LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, key trends in the Mushroom Market include the increasing adoption of mushroom cultivation in urban areas and peri-urban regions, driven by rising urbanization and demand for fresh produce. Moreover, there’s a growing focus on value-added mushroom products such as mushroom powders, extracts, and supplements, catering to health-conscious consumers and dietary supplement markets in the region.
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List of the prominent players in the Mushroom Market:
- Monaghan Mushrooms Ltd.
- The Mushroom Company
- Phillips Mushroom Farms
- Okechamp S.A.
- Modern Mushroom Farms
- Scelta Mushrooms BV
- Funguys Gourmet
- Costa Group Holdings Limited
- Monterey Mushrooms Inc.
- Giorgio Fresh Co.
- South Mill Mushrooms Sales
- Weikfield Foods Pvt. Ltd.
- Bonduelle SA
- Hirano Mushroom LLC
- The California Mushroom Farm Inc.
- Others
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The Mushroom Market is segmented as follows:
By Type of Mushroom
- Button Mushrooms
- Shiitake Mushrooms
- Oyster Mushrooms
- Portobello Mushrooms
- Others
By Form
- Fresh Mushrooms
- Processed Mushrooms
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Retail
- Food Service Providers
- Others
By End Use
- Household Consumption
- Food Processing Industry
- Pharmaceuticals
- Cosmetics and Personal Care Products
- Others
Click Here to Get a Free Sample Report of the Global Mushroom Market @ https://www.custommarketinsights.com/report/mushroom-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Mushroom Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Mushroom Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Mushroom Market? What Was the Capacity, Production Value, Cost and PROFIT of the Mushroom Market?
- What Is the Current Market Status of the Mushroom Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Mushroom Market by Considering Applications and Types?
- What Are Projections of the Global Mushroom Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Mushroom Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Mushroom Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Mushroom Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Mushroom Industry?
Click Here to Access a Free Sample Report of the Global Mushroom Market @ https://www.custommarketinsights.com/report/mushroom-market/
Reasons to Purchase Mushroom Market Report
- Mushroom Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Mushroom Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Mushroom Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Mushroom Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Mushroom market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
Buy this Premium Mushroom Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/mushroom-market/
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Mushroom market analysis.
- The competitive environment of current and potential participants in the Mushroom market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Mushroom market should find this report useful. The research will be useful to all market participants in the Mushroom industry.
- Managers in the Mushroom sector are interested in publishing up-to-date and projected data about the worldwide Mushroom market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Mushroom products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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