Global Mushroom Market Poised for Remarkable Growth, Projected to Reach USD 115.30 Billion by 2030

The global mushroom market is on an impressive growth trajectory, with valuations rising from USD 60.69 billion in 2023 to an anticipated USD 115.30 billion by 2030. This expansion represents a compound annual growth rate (CAGR) of 9.6% during the forecast period of 2024 to 2030.

Competitive Landscape and Regional Demand

The mushroom industry is witnessing significant advancements, particularly through investments in smart automation for production. Companies are increasingly adopting high-tech control systems and robotics to enhance yield and reduce labor costs. Notably, Asia Pacific dominated the mushroom market with a market share of 79.83% in 2023, highlighting the region's substantial demand and production capabilities. 

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United States: Growth and Consolidation Opportunities

The United States mushroom market is projected to experience substantial growth, with an estimated market size reaching 1.22 million tonnes by 2032. This surge is driven by increased investments in advanced cultivation technologies and heightened merger and acquisition activities by international players aiming to expand their presence in the U.S. market. 

Asia Pacific: Trends and Market Expansion

Asia Pacific countries have a rich culinary heritage that includes mushrooms in traditional meals such as stir-fries, soups, and noodle dishes. This cultural preference, combined with increasing urbanization and disposable incomes, is propelling the mushroom market forward in the region. The market is expected to maintain its dominance, driven by both production and consumption growth. ​

Europe: Market Trends and Key Developments

Europe remains a significant player in the global mushroom market, with countries like the Netherlands, Poland, and Spain leading in production. The region is witnessing a trend towards organic and specialty mushrooms, catering to the growing consumer demand for healthy and gourmet food options. Additionally, European companies are engaging in strategic partnerships and acquisitions to strengthen their market positions.​

Middle East and Africa: Emerging Opportunities

The Middle East and Africa region is experiencing a gradual increase in mushroom consumption, driven by rising awareness of their nutritional benefits and a growing hospitality sector. While still in nascent stages compared to other regions, the market presents opportunities for expansion, particularly through the introduction of exotic and functional mushroom varieties.

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Mushroom Market segmentation : 

by Type

Button Mushroom
Shiitake Mushroom
Oyster Mushroom
Others

The button mushroom, shiitake mushroom, oyster mushroom, and others are the different types of mushrooms that make up the global mushroom market. In 2023, the button mushroom sector had the biggest market share, accounting for 61.8%. These are widely cultivated all over the world because of their antioxidant qualities and the spores' accelerated incubation period. Additionally, the market is anticipated to expand throughout the projected period as a result of their lower costs when compared to their competitors.

by Form Type

Fresh Mushroom
Processed Mushroom
Dried Mushroom
Frozen Mushroom
Canned Mushroom
Others

The worldwide mushroom market is divided into two segments based on form type: fresh mushrooms and processed mushrooms. With a market share of 89.7% in 2023, the Fresh Mushroom sector led the pack. Fresh mushrooms are in high demand due to a growing preference for organic and uncooked foods. It is challenging for manufacturers and suppliers to distribute fresh products due to their short shelf life. However, the limitations imposed by the short shelf life of mushrooms have been alleviated by the use of modified environment packaging and an increase in emerging technologies, leading to the expansion of this market.

by Distribution Channel

Hypermarkets and Supermarkets
Conventional Store
Others

The hypermarket/supermarket is predicted to dominate the market during the projection period based on the distribution channel. Supermarkets and hypermarkets, which accounted for 38.3% of sales in 2023, are the primary distribution channels for the mushrooms. In industrialized regions like North America and Europe, supermarkets and hypermarkets are more prevalent than in emerging ones.

by Application

Food Processing Industry
Retail Outlets
Food Services
Others

In 2023, the market was dominated by the food application segment. With an 86.8% sales share in 2023, the food application category led the pack. This application considers how households and food services use both fresh and processed versions. In addition to having very little salt and gluten, mushrooms are low in fat and cholesterol.

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Learn about the top players driving innovation in the Mushroom Market :

1. Drinkwater’s Mushrooms Ltd
2. Lutece Holdings B.V.
3. Okechamp S.A.
4. The Mushroom Company
5. Bonduelle SCA
6. Monterey Mushrooms Inc.
7. Costa Group Holdings Limited
8. Shanghai Finc Bio Tech Inc.
9. Monaghan Mushrooms Ltd.
10. CMP Mushrooms Greenyard NV
11. Fresh Stock
12. Agro Dutch Industries Ltd
13. Hughes Mushroom
14. Modern Mushroom Farms
15. Scelta Mushrooms BV
16. The California Mushroom Farms Inc
17. Banken Champignons
18. Ecolink Baltic
19. Kulkarni Farm Fresh Pvt. Ltd
20. Weikfield Foods Pvt. Ltd.

Get answers to critical questions shaping the Mushroom Market  

• What is Mushroom ?
• What is the growth rate of the Mushroom Market?
• Which are the factors expected to drive the Mushroom market growth?
• What is the CAGR at which the Mushroom market will grow during the forecast period?
• What are the different segments of the Mushroom Market?
• Which is the fastest growing region in the Mushroom market?
• What growth strategies are the players considering to increase their presence in Mushroom  ?
• What are the upcoming opportunities and trends for the Mushroom Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Mushroom Market?
• Who are the leading companies and what are their portfolios in Mushroom Market?
• What segments are covered in the Mushroom Market?
• Who are the key players in the Mushroom market?

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Get a closer look at the game-changing products driving success :   

• Past Size and Competitive Landscape
                         • Past Pricing and price curve by region
                         • Size, Share, Size Forecast by different segment
                         • Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
                         • Segmentation A detailed analysis by segment with their sub-segments and Region
                         • Competitive Landscape Profiles of selected key players by region from a strategic perspective

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