PUBLISHER: The Business Research Company | PRODUCT CODE: 1672511
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672511
A mushroom is a reproductive structure formed by certain fungi, resembling a plant's fruit in some aspects. However, instead of producing seeds, it generates millions of tiny spores that develop in the pores or gills situated beneath the top of the mushroom. It is a complex, large, fleshy fruiting body of a fungus, typically a basidiomycete, consisting of a stalk supporting a pileus.
The primary types of mushrooms include button mushrooms, shiitake mushrooms, oyster mushrooms, and others. Button mushrooms are gilled fungi that naturally occur in Europe and North America. They are generally rich in minerals and vitamins, with a notable content of potassium and vitamin B. Mushrooms are available in various forms, including fresh, frozen, dried, and canned, and are sold through diverse distribution channels such as hypermarkets and supermarkets, convenience stores, specialty stores, and online sales channels. Mushrooms find applications in various sectors, including food processing, retail outlets, food services, and others.
The mushroom market research report is one of a series of new reports from The Business Research Company that provides mushroom market statistics, including mushroom industry global market size, regional shares, competitors with a mushroom market share, detailed mushroom market segments, market trends, and opportunities, and any further data you may need to thrive in the mushroom industry. This mushroom market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mushroom market size has grown strongly in recent years. It will grow from $66 billion in 2024 to $71.62 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the increasing vegan population, the increased awareness about the health benefits of mushrooms, and the rise in demand for processed foods.
The mushroom market size is expected to see rapid growth in the next few years. It will grow to $105.54 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to the increasing government support, rapid urbanization, the rising demand for food products, the increasing vegetarian population, the rising population, and the growing number of health-conscious consumers. Major trends in the forecast period include increasing investments in mushroom farms, focusing on strategic acquisition to expand their market presence, investing in advanced technology to reduce production time and cost, focusing on developing new and innovative mushroom varieties, and focusing on product innovations.
The mushroom market is anticipated to experience growth, driven by the increasing demand for a vegan diet. A vegan or plant-based diet, which excludes animal products such as meat, dairy, and eggs, is gaining popularity among consumers due to health, animal welfare, and environmental considerations. This shift in dietary preferences is contributing to a rise in mushroom consumption. In 2022, Cook Unity, a US-based company offering flexible meal delivery plans, reported that 5% to 6% of Americans abstaining from meat or fish identified as vegetarians. Consequently, the growing demand for a vegan diet is a significant factor propelling the mushroom market.
The growth of the mushroom market is expected to be further fueled by government support. Various countries are backing the mushroom sector to develop innovative solutions that better serve the industry. In March 2022, the Japanese government allocated over $16.4 billion in subsidies for agriculture and related industries affected by major free trade pacts. Meanwhile, in October 2022, the Russian government initiated a program offering grants for the enhancement of the material and technical base of agricultural consumer cooperatives, stimulating the cooperation of agricultural consumers. Thus, increasing government support is poised to drive the mushroom market.
Companies operating in the market are directing their efforts towards investing in advanced technology to enhance production efficiency and competitiveness. In 2023, the BioInnovation Lab at Kennesaw State University's College of Science and Mathematics introduced MycoLogic, an automated mushroom product technology. MycoLogic enables farmers to cultivate a higher quantity and superior quality of specialty mushrooms in specially equipped 40-foot shipping containers optimized for growth conditions.
In October 2024, Highline Mushrooms, a Canada-based mushroom production company, announced a partnership with Christiaens Group, a Netherlands-based mushroom cultivation technology firm. This collaboration aims to optimize farming practices and enhance sustainability in mushroom cultivation. Together, they will focus on creating a modern and efficient farming environment by leveraging advanced technologies and innovative practices to improve mushroom production. This initiative reflects a commitment to enhancing efficiency while addressing sustainability challenges in the mushroom farming industry.
In June 2022, Instar Asset Management, a Canada-based private equity firm, acquired Greenwood Mushrooms Development Corp. for an undisclosed amount. This strategic acquisition aims to strengthen Instar's position in the agricultural sector, particularly within the rapidly growing mushroom production market. By leveraging Greenwood's established operations and customer base, Instar seeks to enhance its investments in sustainable agriculture and capitalize on the increasing demand for mushrooms. Greenwood Mushrooms Development Corp. is known for its expertise in mushroom production in Canada.
Major companies operating in the mushroom market include Monaghan Mushrooms Ltd, Monterey Mushrooms Inc, Giorgio Fresh Co, South Mill Champs, Costa Group Holdings Limited, Bonduelle Group, Greenyard NV, Scelta Mushroom BV, Drinkwater Mushrooms Ltd, Fresh Lawn Mushroom Pvt. Ltd, Chenab Impex Pvt. Ltd, Nuvedo Labs Pvt Ltd, Shanghai Finc Bio-Tech Inc, Fujian Junyuan Food Co Ltd, White Prince Mushrooms, Agro Dutch Industries Ltd, Kawayo Green Farm, Weikfiield Foods Pvt Ltd, Okechamp SA, CMP Mushrooms, Hughes Group, Nasza Chata, Carleton Mushroom Farms Ltd, Enviro Mushroom Farm Inc, F & A Veggy-Symphony, Highline Mushrooms, Phillips Mushroom Farms, Mushroom King Farm, Kitchen Pride Mushroom Farms, Corporacion Euro Caribe Andina, Brasil Global Trade, Shitakeiroscia Family Brazilian Farm, Natural Cogumelos, Ting Industria E Comercio Ltda, Mn Propolis Industria Comercio E Exportacao Ltda, Alejandro Varela, DF NATURAL, Huerta Dona Elvira, Amoro farm, Kinoko Mushroom Farms, Champignon Farm, Tekoa Farms, Eco Fresh, Below Farm, Kinoko Farms, Highveld Mushrooms, African Mushroom Growers, Medallion Mushrooms, Country Mushrooms Ltd, Denny Mushroom, Mushroom Guru, Mushroom Network, Soko Mushrooms
Asia-Pacific was the largest region in the mushroom market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the mushroom market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The mushroom market consists of sales of volva, mycelium, and hyphae. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mushroom Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mushroom market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mushroom ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mushroom market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.