Mushroom Market to Grow at a CAGR of 9.7% During the Forecast Period 2020-2025

October 7, 2020
Blessy

The Mushroom Market size is forecast to reach $49.7 Billion by 2025, growing at a CAGR of 9.7% during the forecast period 2020-2025. Mushroom or toadstool are edible fungi (Agaricomycetes, Ascomycota) that are considered as vegetables, but technically, they are not plants. Mushrooms are rich in riboflavin, potassium, vitamin D, selenium, and other ingredients that are beneficial for human health. Mushrooms have a very short life span, some of the mushrooms might last less than a day, and some survive for a week and few likely to survive for a month. With the expansion of the global mushroom industry, the commercial production and distribution of mushrooms have improved significantly. Positive trade scenario for mushroom, coupled with the initiation of cultivation of a number of mushroom varieties across the major mushroom producing countries/regions, is poised to fuel the growth of the mushroom market.

Key Takeaways

The Asia Pacific is the Leading Region in the Global Market in terms of market share in 2019, and Europe Market is poised to Witness Fastest Growth.

Increasing awareness among the people about the benefits of mushrooms, and investment by firms to fill the demand of customers with smart packaging, is set to increase shell life is driving the growth of the global mushroom market.

With Increase in urbanization and adoption of westernization, several multinational cuisines and flavors of mushroom, are provided to attract the consumers, thus generating substantial demand for mushroom and mushroom-based products.

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By Geography – Segment Analysis

The global Mushroom Market by geography has the dominant share in Asia Pacific with overall share of 39.3% in 2019. This is owing to the per capita consumption of mushroom in China, country from Asia pacific, is higher than any other country. The consumption of mushroom in Asian countries such as Japan, India, and others is increasing at a significant pace attributed by increasing production along with the increased import of mushrooms in these countries. Adoption of advanced and modern mushroom cultivation techniques by mushroom farmers of the region is set to fuel the mushroom market of the region in the forthcoming years.

Drivers – Mushroom Market

Improvements in Technology

Rising Health Awareness

Mushroom Industry outlook: Key companies of this market are Monaghan Mushrooms, Giorgio Fresh Co., Okechamp SA, Scelta Mushrooms, Greenyard, CMP Mushrooms, Costa Group, Gourmet Mushrooms, Inc, Monterey Mushrooms, Inc., and The Mushroom Company.

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