The Edible Fungus market is expected to grow at a rate of 8.5 percent annually till 2030. Edible fungus is high in nutritional value and used for a variety of health reasons. Vitamins, selenium, and potassium are abundant in them. They aid in the improvement of metabolism and the reduction of cholesterol. They are used for therapeutic purposes, as they are thought to lower the risk of cardiovascular disease. Edible mushrooms, for example, are commonly marketed fresh, frozen, or dried, as well as in powder and soup form. Mushroom cultivation has become a profitable industry that is driving the global edible fungus market. The market for edible fungus is expected to rise as consumer disposable income rises in key developing countries such as India and Thailand. They aid in the improvement of metabolism and the reduction of cholesterol. Mushrooms are also used medicinally, as they have been shown to reduce the risk of cardiovascular disease. Mushrooms are low in saturated fat and high in fiber, making them a popular choice among health-conscious consumers. Edible mushrooms are often offered fresh, canned, or dried, although they can be available in powder or soup form. As a result, mushroom growing is a profitable business, which propels the global edible mushroom market forward.
COVID-19 Impact analysis
- Due to lockdowns, travel bans, and commercial shutdowns, the COVID-19 has had a negative impact on economies and industries like as the food and beverage industry in a number of countries.
- China accounts for over 70% of the global edible fungus production volume. Exports of edible fungus to the U.S. and Europe suffered a setback during the pandemic, however, exports to Asian countries remained strong since mushrooms are a staple of traditional cuisine, and customers in these countries are more aware of the health advantages.
- Exports have fallen as a result of the prolonged global slump, which has been exacerbated by COVID-19. The latter resulted in widespread supply chain and demand disruptions, resulting in order cancellations.
- When China reopened its economy, global exports first recovered across the board. However, forecasts for recovery in 2021 are dubious, with outcomes primarily dependent on the length of the outbreak and the efficiency of governmental interventions.
Top Impacting Factors
- In many industrialized and emerging economies, the edible fungus market has grown rapidly; however, structured distribution remains a challenge in many countries and areas. Market participants and the government investing in the development of a fresh and processed mushroom distribution infrastructure would provide considerable growth potential for worldwide mushroom sales. Mergers and acquisitions are used by a number of major companies in the business to maintain their dominance in the worldwide market.
- Several governments are investing in the cultivation of high-quality edible fungus species that are not only safe for human consumption but can also be sold to earn cash in other nations. Adopting an advanced pest management strategy to control damage caused by pest infection in mushrooms can result in higher mushroom harvests, which would eventually assist the market expansion of edible fungi.
- Commercial production and distribution have greatly increased as the worldwide edible fungus market has grown.
- The market is predicted to develop in the next years due to a favorable trade environment and the cultivation of a variety of mushroom types throughout the key mushroom producing countries. In emerging countries, there is room for increase due to the demand for a well-balanced diet.
- Among the product types, Auricularia auricula-judae has the highest share of the edible fungus market.
Market Trends
Changes in Eating Habits Propel Growth
The market is being driven by rising awareness of the health advantages of various varieties of edible fungus. Growing consumer interest in plant-based products and shifting customer attitudes toward meat substitutes will also help the industry develop. In Southeast Asian and European countries, for example, Shiitake mushroom consumption is very high. According to surveys, the demand for this mushroom type is expected to continue to surge steadily in the future years.Consumer tastes are altering as a result of the recent coronavirus outbreak. People are less likely to purchase meat-based items and are instead opting for alternatives such as mushrooms. This could be due to different rumors associating meat consumption to the virus's spread. The market is also likely to be affected by the imposed shutdown. Lockdowns in Asia-Pacific meat and fish markets, for example, would lead to a surge in demand for mushrooms, which taste similar.
The Demand for Fresh Mushrooms has Rapidly Increased
Fresh mushroom demand is increasing around the world, particularly in the U.S. and other developed economies. The edible fungus market's growth prospects are bolstered by rising demand for nutritious food products with no additional preservatives. The U.S. is a major producer of fresh mushrooms. As a result of rising customer demand for organic food, demand for fresh mushrooms is predicted to skyrocket across Asia Pacific and Europe.Fresh mushroom rates are lower in nations such as India, South Korea, and others where diverse mushroom species, such as button mushrooms, are abundantly available. Low fresh mushroom pricing relative to other processed mushroom kinds may help to drive fresh mushroom sales in these areas. As a result, the edible fungus market is expected to rise.
Rise in Health Consciousness is a Factor that has Helped the Market Grow
The global edible fungus market is predicted to rise at a faster rate due to rising demand for low-fat, low-cholesterol foods that are high in minerals like selenium, potassium, vitamins, and other micronutrients. In addition, the fast growth of the food service industry has increased demand for mushrooms in hotels, restaurants, and cafes. In the near future, the industry is expected to be driven by growing acceptability of edible fungus as a meat substitute, as well as an increase in the vegan population. The growing demand for processed mushrooms, particularly in Western countries, is opening up new export potential for Asia's leading mushroom producers.
Key Benefits of the Report
- This study presents the analytical depiction of the edible fungus industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the edible fungus market share.
- The current market is quantitatively analyzed to highlight the edible fungus market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed edible fungus market analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered in the Edible Fungus Market Research Report
- Which are the leading players active in the edible fungus market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is "edible fungus market" prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the "edible fungus market"?
Edible Fungus Market Report Highlights
| Aspects | Details |
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 Key Market Players | Greenyard,, JUNESUN FUNGI,, China Greenfresh Group,, Northwest Wild Foods,, Sattvic Goa LLP,, Ruyiqing,, Xuerong Biotechnology,, Smithy Mushrooms,, Rohan Foods Limited.,, StarwayBio-technology,, Monterey Mushrooms, Inc., WEIKFIELD FOODS PVT. LTD.,, Green Roots,, Shanghai Bright Esunyes,, HIGHLINE MUSHROOMS, |
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