The global dried mushroom market was valued at $3.9 billion in 2021, and is projected to reach $8.6 billion by 2031, growing at a CAGR of 8.6% from 2022 to 2031.
Dried mushrooms are made from fresh, edible, and cleaned mushrooms. They are then dried entirely or trimmed to the desired style before drying. Dried mushrooms can also be made from frozen mushrooms via lyophilisation; these are known as freeze-dried mushrooms. Fresh dried mushrooms on the European market can be cultivated, but a substantial portion of the market consists of wild dried mushrooms taken from their natural environment before drying. On average, 10 kg of fresh mushrooms are required to make 1 kg of dried mushrooms, but this ratio varies based on mushroom variety and external circumstances. Dehydrated or dried form of mushrooms are used as an ingredient in several food formulations like soup powder, pasta salads, snack seasonings, stuffing, casseroles, meat, and rice dishes.
Agaricus blazei is a mushroom originally native to a small village, name Piedade, in the highland areas of Atlantic forest. It is used in general medicine to treat conditions such as cancer, chronic hepatitis, diabetes, arteriosclerosis, and hyperlipidemia. The anticancer, anticarcinogenic, antiviral, anti-inflammatory, hypoglycemic, hypocholesterolemic, and antihypertensive actions of this mushroom and/or its extracts have sparked great interest in its usage as dietary supplements. Mushrooms are also used to treat chronic catarrh illnesses of the breast lower blood cholesterol levels, increase blood circulation, and treat night sweats in tuberculosis. In addition, they have anti-tumor, anti-viral, and anti-cancer properties.
One disadvantage of mushroom cultivation is that the temperature must be constantly maintained. Depending on the form, mushrooms require a temperature of 60 to 80 degrees F to develop properly. It is also critical to maintain a consistent temperature because mushrooms will not develop if it is too cold, and heat will destroy them if it is too hot. Mushroom production has substantial operating costs and is very labor intensive. Thus, the aforementioned reasons are likely to reduce fresh mushroom production, resulting in a scarcity of fresh mushrooms to produce dried mushrooms. Furthermore, restricted availability of dried mushroom products for retail sales and low knowledge of the benefits of dried mushrooms among household customers are expected to restrain the dried mushroom market growth during the forecast period.
The outbreak of the COVID-19 pandemic has adversely affected the dried mushroom market size. People were restricted to stay at their homes to stop the spread of the diseases which led to a decline in the sales of retail dried mushrooms. Food processing units stopped their production and reduced their workforce to restrict the growth of the coronavirus which significantly affected the production of dried mushrooms. Furthermore, during COVID-19 period, stagnated export and import activities, closures of the hotel, restaurants and fast food outlets which are considered to be highest dried mushroom end users highly and negatively impacted the global dried mushroom industry in 2020.
Dried mushrooms are not meant to be consumed immediately, but rather as an ingredient following rehydration. They are mostly used in home cooking, for example, they can be consumed by adding them in soups and risottos. Furthermore, mushrooms can be consumed as an ingredient in dried meals and spices, and as an ingredient in healthy food and pharmacy items. They can be prepared in the same way as fresh mushrooms after rehydrating (soaking in water for 30-60 minutes). The strength of the taste and flavor rises after drying, which is unique to dried mushrooms.
Dried mushrooms are just as delicious as fresh depending upon how they are used. For instance, when rehydrate, shiitake mushroom intensify its flavor and have a meatier texture than when it is fresh. Dried morels are nearly interchangeable with fresh morels. While reconstituted dried porcini mushrooms lose their delicate, buttery feel, they produce a soaking liquid that is highly flavored and a delightful complement to soups and sauces.
According to the market analysis, the dried mushroom market is segmented into type, application, sales channel, and region. As per type, the market is categorized into button, shiitake, oyster, and other. By application, it is segregated into food service industry, retail, and industrial. Industrial applications are further segregated into pharmaceutical industry, food processing industry, and others. Depending on sales channel, it is segmented into business to business and business to consumer. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, France, Spain, Italy, Netherlands, Germany, Turkey, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates, and Rest of LAMEA).
On the basis of type, the shiitake segment accounted for around 41.3% of global dried mushroom market share in 2021, and is expected to sustain its share during the forecast period. The Shiitake, which is cultivated and eaten in many East Asian countries, is an edible mushroom native to East Asia. Other names are black forest, black winter, brown oak, Chinese black, black mushroom, Oriental black mushroom, golden oak, and Donko. Shiitake means "oak fungus" in Japanese, which describes where the mushrooms can be found in the wild. It is one of the most used mushrooms for both food and medication. It ranks second globally after the dried oyster mushroom. Dried shiitake mushroom has been gaining major traction in dietary supplements, functional foods, and pharmaceutical industry as it helps in reducing the risk of heart disease, diabetes, autoimmune disorders, and certain kind of cancers as it contains vitamin D which is essential for health. Owing to its medical benefits it is considerably used in the pharmaceutical industry, which accelerates the growth of the dried mushroom market through shiitake segment during the forecast period. Furthermore, one half cup of shiitake mushroom contains Calories (34), Protein (2.5 grams), Fat (0.5 grams), Carbohydrates (7 grams), Fiber (3 grams), Sugar (2 grams), Cholesterol (0 milligrams), and Sodium (9 milligrams). Thus, owing to its nutritional constituents, the demand for dried shiitake has been increasing to be used in dietary supplements in many European cuisines.
On the basis of application, the industrial segment was valued at $1,514.8 million in 2021, and is expected to reach $3,215.1 million by 2031, with a CAGR of 8.1%. Pharmaceutical industry, food processing industry, medical, and cosmetic are some of the applications considered in the industrial applications of dried mushrooms. Food processing industry has been the major end user of dried mushroom owing to its versatile application as it is used in a variety of food products, including soup powder, pasta salads, snack spices, stuffing, casseroles, and meat & rice meals. Dried or powder form of the dried mushroom is considerably used in the various health and nutritional food products such as dietary food supplements and functional food. Mushrooms are regarded as next-generation healthy food ingredients. They are appropriate for the creation of low-calorie functional and dietary food supplements foods due to their low-fat content, high-quality proteins, dietary fiber, and presence of nutraceuticals. Furthermore, growing food processing industry with government support and dynamic changes in the food habits of the people especially in the developing countries are likely to supplement the mushroom market growth through food processing industry segment during the forecast period. Mushrooms are also therapeutic foods that can help prevent diseases like hypertension, diabetes, hypercholesterolemia, and cancer. These functional properties of mushrooms are mostly related to the presence of dietary fiber, specifically chitin and beta glucans. Some mushroom species have anticancer, antiviral, antithrombotic, and immunomodulatory effects, and others may have the potential to reduce blood sugar levels. Thus, above factors collectively increase demand for dried mushroom through the industrial application segment.
According to the dried mushroom market trends, depending on sales channel, the business to business segment was valued at $2,767.1 million in 2021, and is expected to reach $6,032.2 million by 2031, with a CAGR of 8.3%. Direct sales from dried mushroom producer to various end use industries including food processing, pharmaceutical, cosmetic, and beauty care industries are considered. Furthermore, e-commerce websites also play vital role to supplement the growth of the dried mushroom market through business to business segment during the forecast period. Increasing use of the dried or powder form of mushroom in various dietary supplements and the functional food industry is likely to generate more lucrative opportunities for dried mushroom industry through business to business segment.
According to the dried mushroom market opportunity, region wise, Europe dominated the dried mushroom market size in 2021, and is expected to sustain its dominance throughout the dried mushroom market forecast period. The dried mushroom market in Europe is predicted to develop steadily over the forecast period. This is majorly attributed to changes in consumption patterns of European consumers, the growing popularity of vegan cuisine, and alternatives to animal proteins. Furthermore, increased interest in medicinal mushrooms, which are abundant in micronutrients and help the immune system, would be another motivating factor. The most opportunities for suppliers from developing countries are found in Poland, Germany, Italy, France, the United Kingdom, and the Netherlands. Thus, above mentioned factors are likely to supplement the Europe dried mushroom market demand growth.
The players operating in the global dried mushroom industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Sun Hing Foods, Inc., Merchant Gourmet, Agro Dutch Industries Ltd., Monterey Mushrooms, Inc., California Mushroom Farms Inc., Monaghan Mushrooms, Weikfield Foods Pvt. Ltd., Hughes Mushroom, Drinkwater Mushrooms Ltd., Bonduelle, OKECHAMP S.A., Banken Champignons, The Mushroom Company, White Prince Mushrooms Pty. Ltd., and Ann Miller's Specialty Mushrooms Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dried mushroom market analysis from 2021 to 2031 to identify the prevailing dried mushroom market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the dried mushroom market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global dried mushroom market trends, key players, market segments, application areas, and market growth strategies.
Dried Mushroom Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 8.6 billion |
 Growth Rate | CAGR of 8.6% |
 Forecast period | 2021 - 2031 |
 Report Pages | 260 |
 By Type |
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 By Application |
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 By Sales Channel |
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 By Region |
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 Key Market Players | Borde, Sun Hing Foods, Inc., Roland Foods, LLC, Renaud Champignons, Fresh Mushroom Europe, Merchant Gourmet, Monaghan Group, Hughes Mushrooms, Ann Miller's Speciality Mushrooms Ltd, Sabarot Wassner, Monterey Mushrooms, LLC, Weikfield Foods Pvt. Ltd., Banken Champignons Group, White Prince Mushrooms, Sapna Foods, Inc. |
Analyst Review
Mushrooms consumption has been increasing day by day due to their multifunctional benefits. They have grown in popularity as a result of their high national value and are predicted to be classified as "super foods" in the future. Mushrooms are high in protein and contain little to no cholesterol or fat, hence they are widely consumed in most parts of the world. The rise in global consumption of processed foods is one of the primary drivers of the mushroom market. Mushroom cultivation, which is both promising and profitable, is being rapidly adopted by cultivators all over the world. R&D and advancements to increase acceptability and improve mushroom shelf-life are also predicted to fuel mushroom market expansion in the approaching years. Processed mushroom has been gaining major popularity in food service, food processing, and industrial applications owing to its convenience. Processed mushrooms are comprised of dried, frozen, and canned mushrooms.
Increasing demand for dried form of mushroom from various end use industries such as food processing, food service, cosmetic and pharmaceutical industry are likely to generate more demand for dried mushroom market during forecast period. For instance, powder form of mushroom is considerably and increasingly used in cosmetic products. Mushrooms have long been appreciated as a traditional source of natural bioactive substances, and they have lately been investigated as potential cosmetics ingredients. Several mushrooms and their compounds have been shown to benefit the skin and hair. The following are the mushroom derived active ingredients: phenolics, polyphenolics, terpenoids, selenium, polysaccharides, vitamins, and volatile organic compounds. These chemicals have great antioxidant, anti-aging, anti-wrinkle, skin brightening, and moisturizing properties, making them excellent choices for cosmetics. Same how, mushroom has medical benefits which is why the pharmaceutical industry is emphasizing on use of dried mushrooms and investing in R&D for mushrooms.
The global dried mushroom market size was valued at $3,857.8 million in 2021, and is estimated to reach $8,626.6 million by 2031.
8.6% is the CAGR of dried mushroom market.
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2021 is the base year calculated in the dried mushroom market report.
Sun Hing Foods, Inc., Merchant Gourmet, Agro Dutch Industries Ltd., Monterey Mushrooms, Inc., California Mushroom Farms Inc are some of the top companies in the dried mushroom market report.
The dried mushroom market is segmented into type, application, sub-applications, sales channel and region.
Rise in popularity for mushrooms, and expansion of retail sector and dynamic changes in consumption patterns and rise in adoption for vegan diet are some of the key factors shaping the growth of the dried mushroom market.
Europe region holds the maximum market share of the dried mushroom market.
Outbreak of COVID-19 was negatively impacted the growth of the dried mushroom market in 2020.
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