Global Mushroom Market Size, Share, Growth Analysis, By Type(Button Mushroom, Shiitake Mushroom), By Form(Fresh Mushroom, Frozen Mushroom) - Industry Forecast 2022-2028

Global Mushroom Market size was valued at USD 50.3 billion in 2021 and is poised to grow from USD 55.18 billion in 2022 to USD 126.95 billion by 2030, growing at a CAGR of 9.7% in the forecast period (2023-2030).

It is possible to hand-pick mushrooms, which are fleshy, nutritious fruit bodies of specific macrofungal groups that grow above or below ground. The absence of harmful effects on people, as well as a pleasing smell and scent, identify something as edible. The demand for mushrooms is increasing significantly on the global market with each passing year. They can be used in a variety of cuisines and are a healthful, nutrient-rich food. They are also relatively simple to raise, which makes them more and more popular with both farms and backyard gardeners. Mushrooms can also be utilised as a natural source of medication, and many individuals think they are healthy.

Top-down and bottom-up approaches were used to estimate and validate the size of global Mushroom Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Segments covered in this report

The global mushroom market is segmented by type and form. Based on type, mushroom market is categorized into: button mushroom, shiitake mushroom, oyster mushroom, and others. Based on form, mushroom market is categorized into fresh mushroom, frozen mushroom, dried mushroom, and canned mushroom. Based on region, the global mushroom market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

The mushroom market is anticipated to develop as mushroom consumption rises in cafeterias, supermarkets, and restaurants. In addition, the mushroom industry is anticipated to be driven by changes in consumer preferences towards vegan cuisine and rising demand for meat substitutes. For instance, because they are strong in protein, shiitake and button mushrooms are desirable meat substitutes for consumers. These are the most significant trends in the mushroom industry.

Restraint

Mushrooms only last a very short time.

Because mushroom farming requires a lot of labour and has high operational costs, there is little space for market growth.

Some farmers in poor countries have been using damaging agricultural practises, like the excessive use of pesticides and fertilisers, to meet the demand for mushrooms.

Those who work in the mushroom industry are at danger because mushroom spores can lead to allergies and other respiratory conditions.

Market Trends

Antioxidants, polyphenols, terpenoids, selenium, polysaccharides, and vitamins are abundant in mushrooms and have been shown to have excellent anti-aging, anti-wrinkle, skin-brightening, and moisturising qualities. Customers are also favourably reviewing goods with natural or clean label labelling. As a result, to keep up with changing consumer demands, cosmetic companies are increasingly making skincare products based on mushrooms.

Although premium products manufactured with natural and organic ingredients cost more, people are still prepared to pay extra for them. Additionally, the rising acceptance of vegan diets is anticipated to increase demand for meat replacements like mushrooms in the food and dietary supplement sectors, which is anticipated to be advantageous for the mushroom market.