PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1639013
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1639013
The India Button Mushroom Products Market was valued at USD 1.19 million in 2023 and is expected to grow at a CAGR of 11.1% during the forecast period 2024-2032. This growth is driven by increasing health consciousness among consumers and a growing preference for nutritious, low-calorie diets. Button mushrooms, rich in essential vitamins D and B12, selenium, dietary fiber, and phenolic compounds, are increasingly being incorporated into functional foods, dietary supplements, and beverages.
The surge in vegan and plant-based diets has amplified the demand for button mushrooms as a protein-rich meat substitute, appreciated for their umami flavor and versatility. Mushroom-infused functional food and beverages, such as health bars, teas, coffees, and protein drinks, accounted for the largest market share of 51.8% in 2024, as consumers seek natural ingredients that support immune health, energy levels, and overall well-being.
The phenolic compounds segment is expected to witness the fastest growth at a CAGR of 12.3%, owing to their potent antioxidant and anti-inflammatory properties. These compounds help combat oxidative stress, improve cardiovascular health, and reduce risks of chronic diseases, positioning button mushrooms as a key ingredient in health-focused food and pharmaceutical products.
Technological advancements in mushroom cultivation and packaging have ensured year-round production and extended shelf life, addressing seasonal supply issues and improving distribution efficiency. Additionally, government initiatives promoting mushroom farming have empowered local farmers, fostering production growth and export opportunities.
Key players, including Now Foods, DSM, Cargill, and Kerry Group, are increasingly focusing on innovation and product diversification to cater to evolving consumer needs for health-boosting supplements, mushroom proteins, and polysaccharides.