Mushroom Industry Overview
The global mushroom market size was valued at USD 50.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2030. The increasing vegan population demanding a protein-rich diet around the globe is expected to be a key driver for the market over the forecast period. Mushrooms are considered a superfood owing to their nutritional contents. Mushrooms are packed with four key nutrients namely selenium, vitamin D, glutathione, and ergothioneine. These nutrients help mitigate oxidative stress and prevent or decrease the risk of chronic conditions such as cancer, heart disease, and dementia. Moreover, it offers a strong natural umami flavor, allowing consumers to reduce salt proportion in mushroom meals by 30-40%, thereby benefitting health.
The U.S. was the second-largest producer accounting for approximately 375 million kg in the year 2019. The production in the country is declining since 2017 and has declined by 11% from 2017 to 2019. Whereas the demand from end-users is growing, which has resulted in an increase in the prices by 6% in 2017-18 and by 3% in 2018-19. The U.S. government is continuously increasing import duties, which is also contributing to the higher prices of mushrooms. Mushroom is one of the protein-rich vegan sources as it offers nearly 3.3 g of protein per 100 g of serving. Meat has been a key source of protein in the western diet; thus, the population adopting a vegan diet is anticipated to prefer protein-rich vegan products to fulfill their daily protein requirements.
Gather more insights about the market drivers, restraints and growth of the Global Mushroom Market
Consumers are increasingly becoming label-conscious and seeking products made from natural ingredients. Clean label cosmetic products made from plant extracts, without the use of synthetic ingredients, are gaining considerable traction in the market. Thus, personal care & beauty product manufacturers are increasingly using botanical ingredients in cosmetic formulations which are expected to have a positive impact on the demand. Mushrooms have a limited shelf life ranging from one to three days due to the high water content in them. Thus, post-harvest storage and transportation are a crucial part of successful cultivation.
Furthermore, the outbreak of COVID-19 has led to the imposition of lockdowns to contain the spread of the disease. In the initial months of the pandemic, the logistics or goods transportation industry also faced a slowdown due to the unavailability of personnel and uncertainty generated due to the pandemic. This led to significant losses to growers, as mushrooms have a limited shelf life. Therefore, the limited shelf life of mushrooms is anticipated to restrain the market growth over the forecast period.
Browse through Grand View Research's Processed & Frozen Foods Industry Related Reports
Plant-based Meat Market - The global plant-based meat market size was valued at USD 5.06 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 19.3% from 2022 to 2030.
Dairy Alternatives Market - The global dairy alternatives market size was valued at USD 23.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% from 2022 to 2030.
Mushroom Market Segmentation
Grand View Research has segmented the global mushroom market on the basis of product, form, distribution channel, application, and region:
Mushroom Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
- Button
- Shiitake
- Oyster
- Matsutake
- Truffles
- Other
Mushroom Form Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
- Fresh
- Processed
Mushroom Distribution Channel Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
- Direct to Customer
- Grocery Stores
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
Mushroom Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
- Food
- Pharmaceutical
- Cosmetics
Mushroom Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- MEA
Market Share Insights:
April 2019: Greenyard signed an agreement with Carrefour Belgium, a retail group, for the supply of the former’s assortment of fresh fruits and vegetables. The agreement was intended to strengthen the commercial relationship of both companies and to expand the clientele base for Greenyard.
Key Companies profiled:
Some prominent players in the global Mushroom market include
- Bonduelle Group
- Costa Group
- CMP Mushroom
- Drinkwater Mushrooms
- Greenyard
- Monaghan Group
- Monterey Mushroom, Inc
- OKECHAMP S.A
- Shanghai Fengke Biological Technology Co., Ltd
- The Mushroom Company
Order a free sample PDF of the Mushroom Market Intelligence Study, published by Grand View Research.
No comments:
Post a Comment