The global mushroom market size was USD 50.40 Billion in 2021 and is expected to register a revenue CAGR of 9.6% during the forecast period, according to the latest analysis by Emergen Research. Growing trend of veganism and rising demand for plant-based proteins, such as mycoprotein and meat alternatives, are expected to drive revenue growth in the market.
In addition, rising research activities for development of innovative mushroom-based products are driving revenue growth in the market. For example, on 20 August 2020, Better Plant Sciences Inc. announced that its subsidiary Neonmind Biosciences completed the final product development of Four distinctive Ayurveda-inspired and botanically enhanced mushroom coffee blends. This organic coffee contains mushroom extracts and Ayurvedic herbs, is rich in nutrients- and antioxidants, and also helps to improve immunity. Special combinations of reishi, cordyceps, lion’s mane, and turkey tail mushrooms are found in the formulae.
Moreover, matsutake mushroom is high in demand in Asian countries due to their potent, spicy scent, meaty texture, and earthy flavor. This mushroom is very rarely produced and was listed as an endangered species in 2020 July Red List published by the International Union for Conservation of Nature (IUCN).
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The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Mushroom market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Companies profiled in the global Mushroom market:
Bonduelle, Drinkwater Mushrooms, CMP Mushrooms, The Green Yard, and Weikfield Foods PVT. LTD., BioFungi GmbH, Monaghan Group, Highline Mushrooms, Monterey Mushrooms, LLC., Basciani Foods, Costa’s Pty Ltd.
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Key Highlights From the Report
The oyster segment is expected to register a steady revenue growth rate during the forecast period. This mushroom has a high nutritional profile and is loaded with fibers, vitamins, minerals, and other antioxidants. It also supports heart health and promotes blood sugar regulation, which is driving revenue growth of this segment.
The online segment is expected to register a rapid revenue CAGR over the forecast period. Consumers prefer online platforms due to ease of transaction, convenience of shopping anytime, and fast delivery. It also offers a wide variety of products at high and discounted rates and saves time and effort. The online website also provides detailed information about the product, which is an added advantage and is driving revenue growth in this segment.
The Asia Pacific market is expected to register fastest revenue growth rate over the forecast period due to rising adoption of advanced processing techniques, increasing vegetarian population, and growing health awareness among consumers.
Emergen Research has segmented the global mushroom market based on product type, distribution channel, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
Oyster
Button
Truffle
Matsutake
Others
Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
Online
E-commerce Platforms
E-Groceries
Offline Stores
Supermarkets
Convenience Stores
Others
Application Outlook (Revenue, USD Billion; 2019–2030)
Meat Alternative
Faux Leather
Coffee
Packaging
Others
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Food
Building & Construction
Pharmaceuticals
Cosmetics
Others
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Mushroom market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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