The oyster type is expected to witness the highest revenue-based CAGR of 11.3% over the forecast period. Around the same time, cultivation on sawdust was reported as a method for testing strains. 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. An Infographic Representation of Mushroom Market, To get information on various segments, share your queries with us. This is a preview of subscription content, access via What are the key regions in the global mushroom market? b. Moreover, it offers a strong natural umami flavor, allowing consumers to reduce salt proportion in mushroom meals by 30-40%, thereby benefitting health. Competitive Intelligence and Benchmarking, Table of The dried variant paves opportunities for the market as health-conscious consumers seek food with functional value. PubMedGoogle Scholar. The food application segment accounted for the largest revenue share of 86.8% in 2021. Looking forward to work together in the future, It has been a delightful experience working with you guys. India hardly produce 0.18 million tons of mushroom. Consumers are increasingly becoming label-conscious and seeking products made from natural ingredients. Defining the Specialty Mushroom Industry. Asia Pacific Mushroom Market Size, 2020 (Million Tonnes), To get more information on the regional analysis of this market, Request a Free sample. This type is commercially grown in almost all the major producing countries such as China, the United States, Italy, the U.K., Germany, Taiwan, and others. Insects and animal pests can pose serious hurdles for growers, especially in the fields. This is a new field being led by Ecovative located in New York state. Mushroom Res 26(2):111120, Singh M (2011) Mushroom production: an agribusiness activity. World J Agric Sci 4:630634, Devi K (2017) Ethnomycological studies of some wild edible and medicinal mushrooms in Kamrup District Of Assam, India. Edible mushroom industry in China: current state and perspectives Fresh Mushroom to Hold the Largest Share due to its Rising Demand in Healthier Food Products. 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. It helps strengthen immunity, promote weight loss, regulate blood pressure levels, and reduce the risks of various chronic diseases. 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. In July 2020, the International Union for Conservation of Nature (IUCN) published the latest Red List and designated Matsutake product type as an endangered species due to a decline in its global growth. Correspondence to Based on our analysis, the global market exhibited a higher growth of 6.3% in 2020 as compared to the average year-on-year growth during 2017-2019. Worldwide Mushroom Industry to 2027 - PR Newswire With the expansion of global industry, its commercial production and distribution have improved significantly. The rising preferences for mushroom as a protein, vitamin, and mineral rich substitute of meat among vegan population are primarily driving the global mushroom market. However, their systematic distribution via supermarkets/hypermarkets, convenience stores, specialty stores, and online is still a challenge across many countries and regions. Mushroom Market Size, Growth, Share | Global Analysis [2028] 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. To get more information on the regional analysis of this market, Request Sample. We are happy with the work that IMARC has provided, very complete and detailed. White Mushroom Market: Global Industry Analysis and Forecast 2029 The costs of the services were within our expectations. Furthermore, the governments support to improve the harvesting speed also aids the growth. Overall experience was good, and the data points were quite helpful. Remarkable job and great efforts by your research team. On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market. Demand for specialty mushrooms is rapidly rising, as consumers look to purchase more foods that are healthy, nutritious, and medicinal. Request a Free sample to learn more about this report. We could talk all day about psilocybe mushrooms, but for now a paragraph will do. In addition, fresh mushrooms offer the highest nutritional value compared to processed or preserved mushrooms. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 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. We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Worldwide Mushroom Industry to 2027 - Yahoo Finance 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. To get more information about this market, Request Sample. Growing demand for processed variants, especially across western countries, is generating export opportunities for major producing Asian countries. J Mushrooms 16(4):239249, Karthick K, Hamsalakshmi H (2017) Current scenario of mushroom industry in India. This can be attributed to the growing popularity of functional mushrooms as superfoods due to their numerous health advantages. ), wood-ear mushrooms (Auricularia spp.) What was the size of the global mushroom market in 2022? It has contributed to our business needs and provided the market visibility that we required, We were very happy with the collaboration between IMARC and Colruyt. There are many opportunities opening up involving the use of fungi in many different sectors. The U.S. government is continuously increasing import duties, which is also contributing to the higher prices of 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. What has been the impact of COVID-19 on the global mushroom market? All rights reserved. The market in many developed and developing economies is proliferating at a significant pace. per capita) and non-Hispanic white (3.0 lbs. The variants demand is likely to grow in the foreseeable years as the consumption of shiitake in Southeast Asian and European countries is increasing at a decent pace. Mushroom is one of the protein-rich vegan sources as it offers nearly 3.3 g of protein per 100 g of serving. Additionally, its consumption can potentially reduce the risk of diseases, such as prostate cancer and breast cancer, which, in turn, aids in boosting its consumption and sales performance. 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. 90%, 2-40% protein, 40-60% carbohydrates, 3-32% crude fibers, 8-10% ash and 2-8% fat making it as an ideal food for the human consumption.Protein. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. The global mushroom market is expected to witness 9.7% revenue growth from 2022 to 2030 to reach USD 115.8 billion by 2030. b. Asia Pacific region dominated the mushroom market with a revenue share of 78.6% in the year 2021 owing to high production rate and large consumer base present in the countries like China and India, b. This website is secure and your personal details are safe. Global Mushroom Cultivation Industry (2020 to 2025) 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. Free business intelligence platform with subscription, 4. 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. I ACCEPTX. Learn more about Institutional subscriptions, Ahlawat OP, Tewari RP (2007) Cultivation technology of paddy straw mushroom (Volvariellavolvacea). The demand is growing with its incorporation in food products to enhance fragrance and flavor and also to increase the nutritional value of food. A very good overall experience. Copyright 2023 Grand View Research, Inc. All rights reserved. Thus, the technique is expected to improve production as well as provide opportunities for the industry in upcoming years. This is a very good piece of work and will be very helpful to us going forward. It is rich in essential nutrients, including protein, fiber, potassium, sodium, antioxidants, carbohydrates, riboflavin, vitamin D, zinc, and selenium. Thus, mushroom cultivation has witnessed a tremendous growth. In the Netherlands, Germany, the U.K., Spain, and others, its medicinal applications are observing decent growth and the trend is expected to continue during the upcoming years. Global mushroom production has increased 13.8-fold to 42.8 million tons over the 30 years from 1990 to 2020 (FAOSTAT, 2022).Production quantities of the main mushrooms are considered to be highest for shiitake mushroom (Lentinula edodes), followed by oyster mushrooms (Pleurotus spp. Current Status, Challenges and Prospects of Mushroom Industry in Nepal logs and sold in supermarkets in the 1980s. Numerous companies are focusing on merger & acquisition strategies to remain prominent in the global market. Pune, Sept. 23, 2022 (GLOBE NEWSWIRE) -- The Global Functional Mushroom Market (2022-2029) research report offers an in-depth analysis of . 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. This includes button mushroom, shiitake, mushroom oyster mushroom and others. Production of edible fungi is a growing and labor-intensive business, with staff accounting for about one-third of production costs. The increasing vegan population demanding a protein-rich diet around the globe is expected to be a key driver for the mushroom market over the forecast period. It was a great and quick way to have the information I needed. per capita) then metropolitan (3.3 lbs. With the growth of small scale mushroom Before this time, only one species Agaricus bisporus was cultivated and sold to the public. We acknowledge the painful history of Gayogoh:n dispossession, and honor the ongoing connection of Gayogoh:n people, past and present, to these lands and waters. We use cookies to enhance your experience. Science and Technology for rural India and Inclusive Growth: Science and Technology, India, Indian Mushrooms. In 2017 there were only 226 growers commercially producing specialty mushrooms in the United States (USDA-NASS, 2018). One of the main attractions is that mushrooms are a . My overall experience with the IMARC Team was satisfactory. My experience with IMARC was excellent and I can not fault it. Thus, in line with changing consumer demands, cosmetic companies are increasingly introducing mushroom-based skincare. The increasing adoption of a vegan lifestyle and demand for meat substitutes meals is further driving the regional market. Mushroom Market Price Trends, Size, Share, Analysis 2023-28 In 2022, it is expected that the functional mushroom market would be worth US$9.3 billion. This new approach will use cameras to monitor growth and robot vehicles that help in picking, filling, and emptying the growing racks. Specialty mushrooms, in contrast, are unique among agricultural products as they are of highvalue, but production can be adapted to a wide range of production environments. In: Sharma S, Manjit M, Prasad S, Rathore H (eds) Mushrooms in Indiadiversity, improvement, cultivation, medicinal uses and value addition for Rural development. Mushroom Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. Based on the end use, the global mushroom market can be segregated into food processing industry, food service sector, direct consumption, and others. Fresh mushrooms are witnessing a considerable upsurge in demand from the past few years owing to an increased number of consumers focusing on organic and unprocessed food consumption to gain maximum health benefits of the product. A detailed breakup and analysis of the mushroom market based on the form has also been provided in the report. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. NEW YORK, April 27, 2022 /PRNewswire/ -- As per Zion Market Research study, Mushroom industry accrued earnings nearly about US$ 50.4 billion in 2021 and is anticipated to gain revenue of about. This led to significant losses to growers, as mushrooms have a limited shelf life. Current Status, Challenges and Prospects of Mushroom Industry in Nepal What are the factors driving the mushroom market. Products have been developed to replace packaging material, plastic parts, and even to be used as insulation. The extension program at Cornell Small Farms Program is the What are the key factors driving the global mushroom market? Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. The report was very accurate and as per my requirements. 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 . Land Acknowledgement: Cornell University is located on the traditional homelands of the Gayogoh:n (the Cayuga Nation). The global mushroom market size was 14.35 million tonnes in 2020. Among these, edible fungus consumption increased owing to its health-benefiting attributes and consumers' keen interest in plant-based food. 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. They have introduced the concept of using dried and molded mycelium as a textile. The study maps the leading, as well as the fastest-growing, regional markets. Protein is most important nutritional component of food. The most common specialty mushrooms are shiitake (Lentinula edodes) and oyster (Pleuterous ostreatus), which represent the second and third most produced mushrooms in the United States (USDA-NASS, 2018). Positive Growth due to Strong Demand Among Retailers amid COVID-19. According to the report, direct consumption accounted for the largest market share due to the freshness as mushrooms are highly perishable and have a relatively short shelf life. Plant Genet Resour 3:288303, Article Sustainability perspectives for future continuity of mushroom Clean label cosmetic products made from plant extracts, without the use of synthetic ingredients, are gaining considerable traction in the market. Growing demand for food with low fat and cholesterol content along with being packed with nutrients is expected to escalate the global market growth. 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. In China, there are over 10 mushroom institutes and hundreds of scientists studying mushroom cultivation. Indian Phytopathology Functional Mushroom Industry Report. In the initial months of the pandemic, the logistics or goods transportation industry also faced a slowdown due to the unavailability of personnel and uncertainty generated due to the pandemic. White Mushroom Market size was valued at USD 39.8 Mn. Shiitake mushrooms were the first specialty mushroom commercially cultivated in the United States. Full article: Different ways to exploit mushrooms: A review per capita) communities. According to the report, Europe was the largest market for mushroom. Results of the clinical and preclinical studies show it helps in supporting healthy immunity, weight management, and overall health performance. This includes supermarkets and hypermarkets, grocery stores, online stores, and others. It helps stakeholders to analyze the level of competition within the mushroom industry and its attractiveness. The specialty mushroom industry is still extremely young in the United States. 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. Furthermore, the allergic reactions while producing oyster variants are expected to restrain the market growth. Fekadu described that, mushrooms contains higher amount of water i.e. To get more information aboutthis market, Request Sample. of people and resources studying and working with mushrooms in all of these different ways will hopefully grow in the coming years. Adoption of advanced and modern cultivation techniques by farmers in the region, coupled with its use for manufacturing medicinal products to treat various diseases and for overall fitness, is expected to fuel the regional market growth in coming years. Looking forward, IMARC Group expects the market to reach US$ 90.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028. Mushroom Res 26(1):2139, Lakhanpal TN, Rana M (2005) Medicinal and nutraceutical genetic resources of mushrooms. In the developing countries such as South Korea, India, and others, where particular varieties such as the button variant are grown in abundance, the cost of fresh varieties is comparatively lower. In: Jinxia Z, Hexiang W, Mingjie C (eds) Proceedings of the 18th Congress of the International Society for Mushroom Science. Please fill out the form below for a free PDF report sample & With the help of a Japanese scientist, they began production of oysters on straw, shiitakes on logs, and enoki in bottle culture. 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. We also would like to associate for more assignments this year. Mod Agric 2:5455, Fekadu A (2015) Cultivation of Shiitake mushroom (Lentinusedodes) on coffee husk at Dilla University, Ethiopia. They are widely cultivated across the world due to their numerous nutritional benefits and lower incubation time taken by their spores. Provided by the Springer Nature SharedIt content-sharing initiative, https://doi.org/10.1007/s42360-020-00244-9, access via cancer patients. 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. In 2017, production of specialty mushrooms grew by four percent from 2016 levels to 25.4 million pounds with a sales value of $96.2 million. The Global Mushroom Market size is expected to reach $52 billion by 2026, rising at a market growth of 12. The presentation of the study was neat and easy to analyse. See our Privacy Policy for more. Worldwide Mushroom Industry to 2027 - Increased Use of The response time was minimum in each case. Mushrooms are low in fat and cholesterol; besides, they contain negligible sodium and gluten content. Slowly the demand for specialty mushrooms is increasing and clearly there is lots of room for growth. Medicinal Mushrooms Market CAGR of 9.15% by 2022-2025 - GlobeNewswire Brown edible fungus dollar sales surged by 3.6%. Consumption is also positively correlated with income (Lucier et al., 2003). Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. In the 2000s with the continued growth of the local agriculture movement, small-scale mushroom farms started to pop up around the country. Key Benefits This report provides a quantitative analysis of current trends, estimations, and dynamics of the global mushroom market from 2019 to 2027 to identify the prevailing market. 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. Privacy Policy. The oxford Research Encyclopaedia, Environmental Science (c) Oxford University Press, Oxford, p 43, Cheung PCK (2010) The nutritional and health benefits of mushrooms. Food Chem 73(3):321325, Poppe J (2000) Use of agricultural waste materials in the cultivation of mushrooms. In: Singh M, Vijay B, Kamal S, Wakchaure GC (eds) Mushroom: cultivation, marketing and consumption. Johns Hopkins University is leading the charge in taking magic mushrooms out of the medieval dungeons they were placed in during the 1960s to reveal the opportunities for working with these mushrooms. Which region is expected to hold the highest market share in the market? Mushroom Biology and Mushroom Products, Royse (de.) One study they looked at was improving depression and anxiety in terminally ill Also, detailed profiles of all major companies have been provided. Prominent market players in North America are adopting advanced cultivation techniques, along with various merger and acquisition strategies to increase their production capacity and maintain their prominence in the regional market. The key companies operating in the mushroom market are as follows: Shanghai Fengke Biological Technology Co., Ltd, Volume in kilo tons, revenue in USD million, and CAGR from 2022 to 2030, Volume and revenue forecast, company ranking, competitive landscape, growth factors, and trends, Product, form, distribution channel, application, region, North America; Europe; Asia Pacific; Central & South America; Middle East & Africa, U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; Australia; Brazil; Argentina; Saudi Arabia, Bonduelle Group; Costa Group; CMP Mushroom; Drinkwater Mushrooms; Greenyard; Monaghan Group; Monterey Mushroom, Inc; OKECHAMP S.A; Shanghai Fengke Biological Technology Co., Ltd; The Mushroom Company.
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