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2021
Mushroom Market

Mushroom Market

by Type (Button, Shiitake, Oyster, and Others), Form (Fresh and Processed), End Use (Residential, Commercial, and Industrial), and Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, and Online Sales Channel): Global Opportunity Analysis and Industry Forecast 2021-2027
Update Available On-Demand

Report Code: A05126
Pages: 203
Mar 2021 | 14855 Views
Author(s) : Aniket Kadam , Roshan Deshmukh
Tables: 150
Charts: 55
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COVID-19

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The mushroom market size was valued at $33,553.0 million in 2019, and is estimated to reach $53,342.0 million by 2027, registering a CAGR of 9.3% from 2021 to 2027. 

Mushrooms are fleshy and nutritious fruit bodies of certain macro-fungi groups, which can be hand-picked and appear below or above the ground. Its edibility can be described by absence of toxic effects on humans and desired taste and aroma.

Global-Mushroom-Market

The mushroom market segments are analyzed on the basis of type, form, end use, distribution channel, and region. On the basis of type, the market is categorized into button, shiitake, oyster and others. By form, it is bifurcated into fresh and processed. Depending on end use, it is divided into residential, commercial, and industrial. On the basis of distribution channel, it is divided into hypermarkets &supermarkets, convenience stores, specialty stores, and online sales channel. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In mushroom market analysis, button mushroom market share is higher, according to the type. According to form of mushrooms, fresh mushrooms hold the largest market share. On the basis of end use, commercial segment hold the largest market share. Depending on the basis of distribution channel, specialty stores’ market share is the highest.

Mushrooms can be used for medicinal purposes, owing to its nutritional values such as presence of vitamin B & vitamin D, calcium, phosphorus, potassium, and magnesium. In addition, owing to their reliance on other plants for food, mushrooms are considered as parasitic. Moreover, several initiatives have been taken by governments in developing areas, which are expected to assist this small-scale industry and help the underprivileged population involved in the industry's development process, which, in turn, is expected to propel the market growth.

Mushroom Market
By Type

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Button segment is expected to grow at highest CAGR of 11.40% during the forecast period

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Increase in commercial consumption of mushrooms in restaurants, supermarkets, cafeterias, and hotels is expected to play a vital role in the mushroom market demand and growth during the forecast period. In addition, change in consumer preferences toward vegan food and rise in demand for meat substitutes are also expected to propel the mushroom market growth in the future. For instance, button and shiitake mushrooms are rich sources of protein that make them attractive substitutes for meat among consumers. These are key mushroom market trends. Furthermore, change in customer tastes toward processed food consumption is the major factor expected to boost the growth of the mushroom market. However, mushrooms have a considerably short shelf life, which hampers the market growth .Moreover, cultivation of mushrooms is heavily labor intensive and requires high operational costs, which also restrains growth of the market. In addition, rapid growth in demand has led mushroom producers to use unhealthy methods for cultivation, which involve excessive chemicals and fertilizers. This has led to decline in consumption of mushroom as consumers have become highly health conscious and prefer organic food for consumption. Moreover, mushroom spores cause allergies and other respiratory diseases, which poses a threat for the labors working for the production of mushrooms. Hence, to curb these affects, equipment such as respirators are used, which contributes to the cost of production and hampers growth of the market, especially in developing countries.

Mushroom Market
By Form

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Fresh mushrooms segment is expected to grow at highest CAGR of 9.70% during the forecast period.

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Growth of the global mushroom market has been adversely affected by the COVID-19 outbreak. Lockdowns across the globe have led to travel restrictions, which have seriously affected distribution channel structure of the fresh mushroom industry. Moreover, manufacturing plants have stopped production, owing to low market demand. This has contributed to tremendous loss for owners of mushroom farms. In addition, it is expected to have a huge effect on farmers and the economy, which is largely dependent on the agricultural sector. During COVID-19, owing to certain circumstances considering safety and precaution measures, laborers had to go back to their homes leaving all the work on the farm. There was a loss of labor on farms due to migration of laborers. Presently, the only distribution channel available for supply of mushrooms is online channel. 

Mushroom Market
By End Use

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Commercial segment is expected to grow at highest CAGR of 10.4% during the forecast period.

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Coronavirus is likely to continue its impact on the food industry and mushroom market. For most food firms, meeting short-term demands is not a major challenge, however, industry experts and analysts have expressed a lack of understanding about the scope and scale of the effect of virus, which have also impacted the mushroom market globally. The F&B sector has encountered product supply delays as a result of this uncertainty. Moreover, rise in trend of veganism and COVID-19 is expected to have a positive effect on growth of the market for mushrooms in the coming years, owing to the fact that mushrooms such as Shiitake, Maitake, and Reishi contain medicinal properties. These mushrooms acts as immunity boosters. 

Mushroom Market
By Distribution Channel

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Online Sales Channel segment is expected to grow at highest CAGR of 12.20% during the forecast period.

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Prominent industry participants include The Mushroom Company, Monaghan Mushrooms, SA Mushrooms, White Prince Mushrooms, NABIA, To-Jo Mushrooms, Basciani Foods, Mush-boom Costa Pty. Ltd, Valley Mushrooms, and Ann Miller’s Specialty Mushrooms. 

Mushroom Market
By Regions

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific dominates the market and is expected to grow at highest CAGR of 11.80% during the forecast period.

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Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global mushroom market from 2019 to 2027 to identify the prevailing market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
  • The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.

Mushroom Market Report Highlights

Aspects Details
By Type
  • Button Mushrooms
  • Shiitake Mushrooms
  • Oyster Mushrooms
  • Others
By Form
  • Fresh Mushrooms
  • Processed Mushrooms
By End Use
  • Residential
  • Commercial
  • Industrial
By Distribution Channel
  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Sales Channel
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, France, Spain, Italy, The Netherlands, Germany, Turkey, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, United Arab Emirates, Rest of LAMEA)
Key Market Players BASCIANI FOODS INC., MUSH-BOOM COSTA (COSTA PTY LTD.), MONAGHAN MUSHROOMS, TO-JO MUSHROOMS (TO-JO), VALLEY MUSHROOMS, THE MUSHROOM COMPANY, ANN MILLER'S SPECIALTY MUSHROOMS LTD. (ANN MILLER'S), WHITE PRINCE MUSHROOMS PTY LTD (WHITE PRINCE), SA MUSHROOMS, NABIA
 

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In the food industry, mushrooms are the primary target for their multi-functional advantages. They have gained high popularity, owing to their high national value and are expected to be considered under "super foods" in the future. Mushrooms are a rich source of protein and have very little or no cholesterol and fat, thus are generally accepted in most regions of the world. One of the key drivers of the mushroom market is rise in consumption of processed food worldwide.

Mushroom cultivation, being promising and profitable, is widely adopted by cultivators across the globe. Factors such as R&D and advances to boost acceptability and improve mushroom shelf-life are also expected to drive the mushroom market growth in the coming years.

Growth of the global mushroom market has been adversely affected by the COVID-19 outbreak. Lockdowns across the globe have led to travel restrictions, which have seriously affected distribution channel structure of the fresh mushroom industry around the globe. Mushrooms are generally rich in vitamins and nutrients, which propels their demand among consumers. However, limited shelf life, regulation of temperature, and high operational costs associated with mushroom production hamper the market growth.

As people are shifting toward vegan and organic food products, their preferences are changing day by day. This has created new opportunities for growth of the mushroom market. As a result, consumers are demanding more of mushroom which is a lucrative opportunity for mushroom market.

 

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FREQUENTLY ASKED QUESTIONS?

A. The global mushroom market size was valued at $33,553.0 million in 2019, and is estimated to reach $53,342.0 million by 2027, registering a CAGR of 9.3% from 2021 to 2027. Technological developments such as automated mushroom harvesting, substrate, sterilization and spawn preparation and increase in investments in R&D are expected to drive growth of the mushroom market during the forecast period.

A. The global mushroom market was valued at $33,553.0 million in 2019, and is projected to reach $53,342.0 million by 2027, registering a CAGR of 9.3%. The improvements in food preferences and rise in knowledge of balanced diets among consumers are expected to propel the global mushroom market growth.

A. The sample report of global mushroom market is available on Allied Market Research website on request.

A. Asia-Pacific region dominates the global mushroom market as compared to North America, Europe and LAMEA regions. On the basis of country, the mushroom market has been segmented into China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific in the region of Asia-Pacific.

A. The mushroom market is segmented into type, form, end use, distribution channel, and region. On the basis of type, it is categorized into button, shiitake, oyster, and others. On the basis of form, it is segmented into fresh and processed. By end use, it is segregated into residential, commercial and industrial. On the basis of the distribution channel, the mushroom market is categorized into hypermarkets & supermarkets, convenience stores, specialty stores and online sales channel. Region wise, the market is segmented into North America (the U.S., Canada, and Mexico), Europe (the UK, France, Spain, Italy, the 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, the United Arab Emirates, and rest of LAMEA).

A. The major players operating in the global mushroom market are Basciani Foods, Mush-boom Costa, Monaghan Mushrooms, To-Jo Mushrooms, Valley Mushrooms, The Mushroom Company, Ann Miller’s Specialty Mushrooms, White Prince Mushrooms, SA Mushrooms, and NABIA.

A. Rise in disposable incomes in urban areas and people living in metro cities in developing regions are key contributors in the food sector. Firms in the food sector are also taking advantage of increasing trends in food ready-to-eat consumption, processed foods, and advanced packaging. These major trends are going to help mushroom market to propel in coming years.

A. Growth of the global mushroom market has been adversely affected by the COVID-19 outbreak. Lockdowns across the globe have led to travel restrictions, which have seriously affected distribution channel structure of the fresh mushroom industry around the globe.

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