The mushroom market is estimated to be valued at USD 66.58 Bn in 2024 and is expected to reach USD 128.11 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 66.58 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
9.80% |
2031 Value Projection: |
US$ 128.11 Bn |
Figure. Mushroom Market Share (%), By Region 2024
The global mushroom market has witnessed significant growth over the past few years owing to increasing awareness among consumers about the health benefits associated with mushrooms. Mushrooms are low in calories and rich in riboflavin, niacin, pantothenic acid, and minerals like potassium, phosphorus, copper, and selenium. The protein and fiber content in mushrooms aid in weight management and digestion. Further, mushrooms possess anti-inflammatory and antioxidant properties that help boost immunity and reduce the risk of chronic diseases. Over the years, the demand for specialty mushrooms like shiitake, oyster, and enoki has increased as they add unique flavor and texture to dishes. Consumer preference for organic and vegan food products is expected to drive the future growth of the mushroom market.
Market Dynamics:
Growing health consciousness, increasing popularity of plant-based diets, and focus on sustainable food production are some of the major factors propelling the growth of the global mushroom market. Rising vegan population, changing consumer food preferences, and availability of varied mushroom types have significantly contributed to the market expansion. However, volatile mushroom prices due to unstable climatic conditions, supply chain disruptions caused by the ongoing pandemic, and high production costs continue to challenge the industry growth. Adoption of innovative mushroom farming technologies provides opportunities for the sustainable cultivation of mushrooms and catering to varied consumer needs.
Key Features of the Study:
- This report provides in-depth analysis of the global mushroom market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global mushroom market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Holyland Group, The Mushroom Company, Bonduelle Group, Kiril Mischeff Group, Costa Group, Okechamp SA., Monterey Mushrooms Inc., Greenyard, Prochamp, Monaghan Mushrooms, Muniraj Mushroom Farm, Dhruv Agro, Shanghai Finc Food Co. Ltd., B&G Foods Inc., Prochamp B.V, Shanghai Finc Foods Co. Ltd, Dev Bhoomi Frozen Food Products, Hariom Mushroom Farms, and Fruitin Agro Pvt Ltd
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global mushroom market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mushroom market
Detailed Segmentation-
- By Product Type:
- Button Mushrooms
- Shiitake Mushrooms
- Oyster Mushrooms
- Crimini/Portobello Mushrooms
- Enoki Mushrooms
- Others
- By Form:
- By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores/Wet Markets
- Online Retailers
- Food Service Distributors
- Direct Sales/Farmer's Markets
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Holyland Group
- The Mushroom Company
- Bonduelle Group
- Kiril Mischeff Group
- Costa Group
- Okechamp SA.
- Monterey Mushrooms Inc.
- Greenyard
- Prochamp
- Monaghan Mushrooms
- Muniraj Mushroom Farm
- Dhruv Agro
- Shanghai Finc Food Co. Ltd.
- B&G Foods Inc.
- Prochamp B.V
- Shanghai Finc Foods Co. Ltd
- Dev Bhoomi Frozen Food Products
- Hariom Mushroom Farms
- Fruitin Agro Pvt Ltd