Hyderabad, July 13, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Functional Mushroom Market Report (2023-2028)," the market is estimated at USD 29.88 billion in 2023. Some of the factors driving the Europe mushroom market included shifting dietary preferences toward vegan foods, extensive research and development activities by leading players, and the development of innovative mushroom-based products. Dublin, May 26, 2021 (GLOBE NEWSWIRE) -- The "Mushroom Market by Type, Form, End Use, and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021-2027" report has been added . The processed form is expected to witness a revenue-based CAGR of 10.2% from 2022 to 2030. This can be attributed to the growing popularity of functional mushrooms as superfoods due to their numerous health advantages. They are strongly affected by humidity, temperature, and light. Global Mushroom Cultivation Industry (2020 to 2025) This site uses cookies to improve user experience. These mushrooms can be consumed in fresh or processed forms such as dried form; although dried shiitake mushrooms are more popular due to their umami flavor. Mushroom Market Size, Share, Growth | Report Forecast - 2027 A 2015 Chatham University study interviewed 23 Northeastern buyers who reported needing 7,075 pounds of shiitake (307 lbs. Furthermore, consumers are showing a positive response for products with natural or clean label tags. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Copyright 2023 Grand View Research, Inc. All rights reserved. Protein is most important nutritional component of food. Slowly the demand for specialty mushrooms is increasing and clearly there is lots of room for growth. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. Proceedings of the Indian mushroom conference 1997, pp 291304, Sharma VP, Annepu SK, Gautam Y, Singh M, Kamal S (2017) Status of mushroom production in India. Fresh Mushroom to Hold the Largest Share due to its Rising Demand in Healthier Food Products. Seventy percent of these buyers expected demand for forest grown shiitakes to increase over the next five years (Matthews, 2015). Mushroom Market Size, Share & Industry Analysis, By Type (Button Mushroom, Shiitake Mushroom, Oyster Mushroom, and Others), Form (Fresh Mushroom, Frozen Mushroom, Dried Mushroom, and Canned . Google Scholar, Singh Y, Sidhu HS (2014) Management of cereal crop residues for sustainable rice-wheat production system in the Indo-gangetic plains of India. According to recently published Future Market Insights research, in 2022, the . The industry faced disruptions in the supply chain due to lockdown measures, travel restrictions, and labor shortages. The circular economy in the mushroom industry Fungi can be allies in breaking down plastics, petrochemicals, pesticides, and organic matter. CAS However, increasing technological advancements such as the use of modified atmosphere packaging have curbed the challenges associated with the limited shelf life of mushrooms, thereby favoring segment growth. The acquisition will support and expand South Mills product innovation and capabilities. An Infographic Representation of Mushroom Market, To get information on various segments, share your queries with us. My overall experience with the IMARC Team was very good. According to the report, button mushroom represented the largest segment due to the high global demand. For instance, in January 2021, South Mill Champs, a leading North American grower and supplier, acquired Cambridge-based the Mushroom Company, one of the largest processors of the product in North America. Defining the Specialty Mushroom Industry, If you have a disability and are having trouble accessing information on this website or need materials in an alternate format, please contact Cornell University via email at. The fresh form dominated the mushroom market with a revenue share of 89.5% in 2021. However, among the cultivated mushrooms in Nepal, Oyster mushroom occupies 86% of the total production, followed by button mushroom (10%), shiitake mushroom (2%) and other mushrooms (2%) (Raut . A detailed breakup and analysis of the mushroom market based on the distribution channel has also been provided in the report. United States per capita consumption of all mushroom species was only 0.69 lbs. This includes fresh mushroom, canned mushroom, dried mushroom, and others. World production of cultivated, edible mushrooms has increased more than 30-fold since 1978. For instance, Monaghan Mushrooms aims to transit towards reusable and recyclable packaging by 2025 to bring sustainability to business operations. This new approach will use cameras to monitor growth and robot vehicles that help in picking, filling, and emptying the growing racks. Based on the distribution channel, the global mushroom market has been categorized into supermarkets and hypermarkets, grocery stores, online stores, and others. In: Jinxia Z, Hexiang W, Mingjie C (eds) Proceedings of the 18th Congress of the International Society for Mushroom Science. To get more information on the regional analysis of this market, Request Sample. Before this time, only one species Agaricus bisporus was cultivated and sold to the public. All rights reserved. Increasing awareness regarding the nutritional benefits offered by the product is driving the market growth. In developed regions, such as Europe and North America, the penetration of supermarkets and hypermarkets is higher than that in the developing regions. In a previous USDA-SARE-sponsored national survey of shiitake growers, 89% of respondents indicated that demand consistently exceeded supply in their region (Mudge, 2011). 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. Very good. portobello mushroom, ( Agaricus bisporus ), also spelled portabella or portabello, also called cremini, crimini, common white mushroom, white button, brown mushroom, or baby bella, widely cultivated edible mushroom (order Agaricales, phylum Basidiomycota ). Shiitake mushrooms were the first specialty mushroom commercially cultivated in the United States. The pandemic has also led to restrictions on international trade, including export and import limitations, which affected the supply and distribution of mushrooms. Accessed on 01 Nov 2018, Verma RN (2013) Indian mushroom industry past and present. In addition, processed food manufacturers have urged the packaging raw material suppliers as well as contract packers to ensure a steady flow of goods during the lockdown related to COVID-19. You have a satisfied customer. These nutrients help mitigate oxidative stress and prevent or decrease the risk of chronic conditions such as cancer, heart disease, and dementia. The rise in CAGR is attributable to this markets demand and growth, returning to pre-pandemic levels once the pandemic is over. Different key insights given in the report are the overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, and key industry trends. The Confederacy precedes the establishment of Cornell University, New York state, and the United States of America. Furthermore, the high medicinal value of edible fungus and increasing awareness among people is expected to contribute to the market growth during the foreseeable years. Consumers are increasingly becoming label-conscious and seeking products made from natural ingredients. In: Proceedings of national symposium mushrooms, Trivandnum, India, IPCC (2014) Climate Change 2014: Mitigation of Climate Change. in a remediation setting would allow local solutions to toxic problems. 1. It also explores issues and challenges facing the Nepalese's mushroom industry by using a critical and SWOT analysis. September 23, 2022 07:19 ET | Source: Industry Research. It is rich in essential nutrients, including protein, fiber, potassium, sodium, antioxidants, carbohydrates, riboflavin, vitamin D, zinc, and selenium. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI100197. This website is secure and your personal details are safe. To know how our report can help streamline your business, Speak to Analyst, Button Type to Hold the Largest Mushroom Market Share Due to its Health Benefits. According to the report, fresh mushroom accounted for the largest market share due to rising consumer demand for freshness, as fresh variants offer superior taste, texture, and overall quality compared to processed or preserved mushrooms. Indian Institute of Technology, Hauz Khas, pp 167193, Thakur MP (2018) Advances in post-harvest technology and value additions of edible mushrooms. Get data as per your format and definition, Gain a deeper dive into a specific application, geography, customer, or competitor. The U.S. was the second-largest producer accounting for approximately 375 million kg in the year 2019. 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. In addition, fresh mushrooms offer the highest nutritional value compared to processed or preserved mushrooms. In: Edenhofer O, Pichs-Madruga R, Sokona Y, Farahani E, Kadner S, Seyboth K, Adler A, Baum I, Brunner S, Eickemeier P, Kriemann B, Savolainen J, Schlmer S, von Stechow C, Zwickel T, Minx JC (eds) Contribution of working group III to the fifth assessment report of the intergovernmental panel on climate change. In line with this, several major companies are focussing on developing new varieties and broad product ranges, including organic versions, which are gaining widespread prominence across the country. Functional Mushroom analysis includes a market forecast outlook to (2023to2028 and historical overview. Mushroom Market was valued at USD 50.53 Billion in 2021, and it is expected to reach USD 105.20 Billion by 2029, exhibiting a CAGR of 9.6 % during the forecast period (2022-2029) Edible fungi are generally referred to as mushrooms that have been categorised as vegetables; nevertheless, they are not strictly considered plants. 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. Apart from this, the increasing utilization of mushroom in the diet as it contains a rich amount of fiber and digestive enzymes that promote gut and immunological health is catalyzing the product demand. The study maps the leading, as well as the fastest-growing, regional markets. We expect the global mushroom market to exhibit a CAGR of 5.8% during 2023-2028. Mushrooms are considered as substitute for meat and its nutritional value is comparable to several vegetables. Google Scholar, Chang ST, Wassar SP (2012) The role of culinarymedicinal mushroom on human welfare with a pyramid model for human health. China, Japan, Malaysia, India, and Australia make up some of the largest markets in the region. The utilization of advanced processing techniques by producers and distributors in Europe is predicted to contribute to the processed product sales growth across the region. https://www.fortunebusinessinsights.com/industry-reports/mushroom-market-100197, Scelta Mushrooms BV (Limburg, Netherlands), Bonduelle S.A. (Villeneuve dAscq, France), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Besides, various advancements in mushroom packaging technologies, such as the development of humidity-regulating packaging materials that prevent water condensation on mushrooms from extending their shelf-life, are acting as another major growth-inducing factor. The World Mushroom Industry: Trends and Technological Development DOI: Authors: Shu-Ting Chang Request full-text Abstract Approximately 14,000 described species of the 1.5 million fungi. More than 40 new varieties of high market In: Deepak V, Paliwal GS, Khare PK, Gupta RK (eds) Microbial biotechnology and ecology. This accounted for about 75% of the total global output. Discounted price for multiple reports across domains, 2. Although, during the initial months of lockdown, due to firm closure of restaurants and cafes and restrictions in public mobility, the foodservice segment witnessed a steep fall in their sales, with a revenue decrease of 50-80% for mushroom manufacturers. Demand for specialty mushrooms is rapidly rising, as consumers look to purchase more foods that are healthy, nutritious, and medicinal. Results of the clinical and preclinical studies show it helps in supporting healthy immunity, weight management, and overall health performance. J Mushrooms 16(4):239249, Karthick K, Hamsalakshmi H (2017) Current scenario of mushroom industry in India. Spawn production. Furthermore, growing international trade, coupled with the initiation of exotic varieties cultivation in the major producing countries/regions, is anticipated to fuel market growth in the forthcoming years. J Ind Microbiol Biotechnol 20:367375, Directorate of Instructions, Indira Gandhi Krishi Vishwavidyalaya, Raipur, Chhattisgarh, 490 006, India, You can also search for this author in Wu San Kwung is credited as the first shiitake cultivator in the world. Reishi is one great species for making mycotextiles because of the density of the mycelium. Nutr Bull 35:292299, Daba AS, Kabeil S, Botros WA, El-Saadani M (2008) Production of mushroom (Pleurotusostreatus) in Egypt as a source of nutritional and medicinal food. The button segment is expected to be the leading segment under type in the market during the forecast period. This led to significant losses to growers, as mushrooms have a limited shelf life. Please fill out the form below for a free PDF report sample & Worldwide Mushroom Industry to 2027 - Increased Use of American Mushroom Institute - The PA Mushroom Industry in 2022 and the total White Mushroom revenue is expected to grow by 6.9 % from 2023 to 2029, reaching nearly USD 63.49 Mn. Functional Mushroom Industry Overview and Competitive - FMIBlog I ACCEPTX. Based on the form, the global mushroom market can be divided into fresh mushroom, canned mushroom, dried mushroom, and others. Here in the US, there is really only one academic department at the University of Pennsylvania that studies mushroom cultivation. The market structure is fragmented with a number of small and large players operating in the industry due to low product differentiation and reduced switching costs. In: Sharma S, Manjit M, Prasad S, Rathore H (eds) Mushrooms in Indiadiversity, improvement, cultivation, medicinal uses and value addition for Rural development. Thus, sustainability in business operations ranging from compost preparation and cultivation to packaging is likely to emerge as a key factor in the market in the coming years. Mushroom is an excellent source of nutrition, tonic, medicine and dietary food items being produced and consumed all over the world. My experience with IMARC was excellent and I can not fault it. Mushroom Market - Global Industry Analysis and Forecast (2022-2029) According to the report, Europe was the largest market for mushroom. https://guardian.ng/features/mushrooms-to-end-food-scarcity/. The food application segment accounted for the largest revenue share of 86.8% in 2021. IMARC Group provides an analysis of the key trends in each sub-segment of the global mushroom market report, along with forecasts at the global, regional and country level from 2023-2028. What are the key factors driving the global mushroom market? A Schedule 1 drug is classified as having no currently accepted medical use and a high potential for abuse (DEA, 2019) Confirming what many have known all along, based on the 8 factors of controlled The local demand from hotels, restaurants, and food chains was largely impacted due to the lockdowns imposed to contain the spread of COVID-19. We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Asia Pacific is anticipated to hold the highest market share in the market. Costa Group, Monterey Mushrooms, Inc., and Bonduelle are a few of the key players in the market. Increasing usage of powder form and extracts by food and cosmetics manufacturers is expected to support industry growth over the projected period. Button is the most widely consumed type across the world and can potentially offer a number of health benefits. Therefore, the limited shelf life of mushrooms is anticipated to restrain the market growth over the forecast period. Frozen varieties are expected to witness substantial growth owing to their wide application in food and extended shelf life, which is around 24 months. Increasing Investments in R&D to Improve Commercial Cultivation to Offer Growth Opportunities. They are widely cultivated across the world due to their numerous nutritional benefits and lower incubation time taken by their spores. substances, the scientists recommended it be switched to a Schedule 4 drug, similar to prescription sleeping aids. For instance, in February 2021, U.S.-based FreshCap Mushrooms Ltd. introduced mushroom-infused functional beverages. Functional Mushrooms Market Size and Business Opportunities 2022-2029 The rapidly expanding foodservice industry is boosting the demand across hotels, restaurants, and cafeterias. The Asia Pacific region has more prevalence of the traditional medicine systems, including Ayurveda and Traditional Chinese Medicines, which make use of several species of mushroom for the treatment of various diseases. The report was very accurate and as per my requirements. The functional mushroom industry is expanding rapidly with expected sales of $34.3 billion by 2024, up from 20 billion in 2018. Additional processing such as canning, freezing, or drying is essential to extend the shelf life of mushrooms. Complimentary 10 hours free analyst time for market review, 3. Psilocybin mushrooms are also being explored for their ability to help decrease addiction, cope with PTSD, reduce anxiety and depression, and Anyone you share the following link with will be able to read this content: Sorry, a shareable link is not currently available for this article. Some popular variants of mushrooms consumed across the globe include milky, paddy, and reishi. Current Status, Challenges and Prospects of Mushroom Industry in Nepal Provided by the Springer Nature SharedIt content-sharing initiative, https://doi.org/10.1007/s42360-020-00244-9, access via MYCOTEXTILES With the growth of small scale mushroom This means that the method of cultivation MOST specialty mushroom farms in the world use has only been around for about 50 years! What are the factors driving the mushroom market. The presence of a large variety of this product in one place and ease of buying contributed to the dominance of supermarkets & hypermarkets as distribution channels, as of 2021. Now in 2019, over 300 small-scale mushroom farms are located around the country growing anywhere from 20 pounds to thousands of pounds per week. Mushrooms are rich in crude fibre, protein, vitamins, minerals, contain low fat, calories and no starch. M. P. Thakur. Kudos to your team. The extension program at Cornell Small Farms Program is the The global market for the mushroom industry in 2005 was valued at over $45 billion (Chang Citation 2006) while in 2013 was valued at nearly $63 billion, the world market for edible mushrooms continues to rise from US$ 34.1 billion in 2015 to US$ 69.3 billion by the end of 2024 due to the nutritional, culinary and health benefits of mushrooms . of people and resources studying and working with mushrooms in all of these different ways will hopefully grow in the coming years. Production of edible fungi is a growing and labor-intensive business, with staff accounting for about one-third of production costs. High Operational Costs in Cultivation to Hamper the Market Growth. Global Mushroom Market (2021 to 2027) - by Type, Form, End-use The global mushroom report delivers quantitative and qualitative on the industry and a detailed analysis of the market growth rate and size. The market will grow at a 9.1% CAGR throughout the projection period, reaching US$ 22.3 Bn by 2032. The key market player in the mushroom Market includes Bonduelle Group; Coasta Group; CMP Mushroom; Drinkwater Mushrooms; Greenyard; Monaghan Group; Menterey Mushroom, Inc; OKECHAMP S.A; Shanghai Fengke Biological Technology Co., Ltd; The Mushroom Company, b. Edible mushroom industry in China: current state and perspectives 2023 Portobello Mushroom global market overview today - Tridge The study provides insights on its future prospects as a major agro-industry. The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of mushroom. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. After a single session with psilocybin mushrooms, eighty percent of participants reported a significant reduction in depression and anxiety six months later. per capita. Which region is expected to hold the highest market share in the market? 6. The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. China is the main producer of cultivated, edible mushrooms. In: Bulletin 8 of World Society for Mushroom Biology and Mushroom Products, p 16, Verma RN, Uphadhyay RC, Singh SK, Rai RD (2003) Genetic resources of commercial mushrooms, their conservation, characterization and improvement. The specialty mushroom industry is still extremely young in the United States. The shiitake type is expected to witness growth owing to its rising production and high nutrition quotient. Extensive Focus on Merger & Acquisition Activities by International Market Players. Mushrooms are rich in several key skin benefitting compounds such as phenolics, polyphenolics, terpenoids, selenium, polysaccharides, and vitamins, which show excellent antioxidant, anti-aging, anti-wrinkle, skin whitening, and moisturizing effects. North America holds a significant share in the market owing to higher market penetration in developed economies of the region, such as the U.S. and Canada. China emerged as the largest producer in the region and has per capita annual consumption of up to 10 kg. Sample, Mushroom Type, Form, Distribution Channel, End-Use, Region, Asia Pacific, Europe, North America, Latin America, Middle East and Africa, United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Agro Dutch Industries Ltd., Bonduelle Fresh Europe, Drinkwater Mushrooms Ltd., Monaghan Mushrooms Inc., Monterey Mushrooms Inc., OKECHAMP S.A., Shanghai Finc Bio-Tech Inc. and The Mushroom Company, PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request). They have introduced the concept of using dried and molded mycelium as a textile. At what CAGR is the Mushroom Market projected to grow in the forecast period (2021-2028)? Consumption is also positively correlated with income (Lucier et al., 2003). Mushroom production requires a high degree of management input and skill. Which segment accounted for the largest mushroom market share? Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. Slowly, supplies like flow hoods, pressure cookers, and the necessary information became available for potential growers of specialty mushrooms. in 1978, but by 1999, averaged 4 lbs. Processed types include dried, frozen, canned, pickled, and powdered forms. The mushroom market has been experiencing continuous growth. They are rich in riboflavin, potassium, vitamin D, selenium, and other ingredients that are beneficial for human health. The consumption pattern of consumers changed upon the pandemic outbreak. These investments, plus long learning curves on production and marketing, tend to limit who can enter traditional 37 Trending Mushroom Farming Businesses [2023] (PDF) U.S. Organic Mushroom Industry Overview What are the key regions in the global mushroom market? The U.S. government is continuously increasing import duties, which is also contributing to the higher prices of mushrooms. By continuing to visit this site you agree to our use of cookies . PDF Tools Share Summary Edible, medicinal, and wild mushrooms are the three major components of the global mushroom industry. 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. Home Projects Specialty Mushrooms Specialty Mushroom Cultivation 3. The IMARC team was very reactive and flexible with regard to our requests. More mushrooms will be cultivated and consumed, while the applications and areas of use will expand. Furthermore, the longer shelf life makes this more convenient and cost-saving, which further contributes to the segments growth. Please wait while we are processing your request Mushroom Market Size & Analysis Report, 2022-2030. Each of these three sectors can require completely different infrastructure, skill levels, and contacts to operate successfully. The specialty mushroom industry seems to be heading for more growth and expansion. Market Overview: The global mushroom market size reached US$ 63.0 Billion in 2022. Indian Phytopath 67:113125, Thakur MP (2016) Present Scenario and Future Scope of Mushroom Cultivation in Chhattisgarh. Get a sample of this industry analysis as a free report PDF download. Proc Indian Natn Sci Acad 80:95114, Thakur MP (2014) Present status and future prospects of tropical mushroom cultivation in India: a review. Find out more about the industry Mother Earth Organic Mushrooms - and many others - have dedicated their lives to. 4.1 Overview 4.2 Key Industry Trends 5 Global Mushroom Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Mushroom Type 6.1 Button .
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