Top 5 Companies Leading the Global Mushroom Market

The global mushroom market reached USD 68.03 billion in 2023. The market is expected to grow at a CAGR of 8%, in the forecast period of 2024-2032, to reach a value of USD 136.47 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the health benefits of mushrooms.

Mushrooms are a nutrient-rich and versatile food which is increasing their adoption in recipes. They are rich in vitamins, minerals, and antioxidants and come in different varieties, such as baby button mushrooms, closed-cup mushrooms, flat mushrooms, and medicinal mushroom varieties, like Shiitake and Hericium cultivated widely in China, Japan, and South Korea. As per the mushroom market report, mushrooms are consumed as therapeutic foods as they can prevent various diseases, including hypertension, hypercholesterolemia, and atherosclerosis due to their chemical composition. Further, mushrooms are comprised of eight important amino acids and polyunsaturated fatty acids essential for human well-being.

Mushroom is inherently considered sustainable food as it is resourcefully cultivated from waste in the absence of sunlight. These also require a fraction of the water and land needed for other foods. They are also cost-effective and ideal during times of rising food costs. Mushrooms are a superfood and compared to more expensive superfoods, are economical and highly nutritious. They are widely available in supermarkets and local grocery stores. 

The largest producer and consumer of mushrooms globally is China. According to the Food and Agriculture Organisation of the United Nations, in 2020, China produced 40 million metric tons of mushrooms. The country was followed by Japan with 471,810 tons, and the United States of America with 370,280 tons. The Chinese government assists poor rural farmers with loans, helping them to cultivate mushrooms and aid market expansion.  In 2020, in the Chinese village of Wayaogou, around 90% of the government agricultural loans were deployed to help mushroom businesses. China is also experiencing the development of modern farms.

Top 5 Mushroom Companies in the World:

Costa Group

Costa Group is Australia’s renowned grower, packer, and marketer of high-quality fresh fruits and vegetables. The Costa Mushroom team is made up of more than 1,200 people who produce premium quality, fresh, and affordable mushrooms. The company’s fully vertically integrated farms are located across Australia, enabling Costa to supply fresh quality mushrooms within 24 hours of harvest. Within the Mushroom Category, the company’s brands include Costa Mushrooms, Mush-Boom, and Adelaide Mushrooms. 

Hughes Group

Hughes Group works with a network of growers to produce top-grade mushrooms and vegan and vegetarian product lines. Additionally, it provides superior service to its customers and business partners across the United Kingdom and Ireland. Hughes Group is a multi-faceted company comprising four divisions, namely Mushrooms, Prepared Food, Health, and Transport. The company supplies 300 tonnes of mushroom varieties per week to retailers in the United Kingdom and to the food service sector. It also markets its own branded range, "Gathered" which is made up of selenium-enriched mushrooms.

Monaghan Mushrooms

Monaghan Mushrooms is a prominent substrate and mushroom company. It is a vertically integrated agribusiness, controlling its entire mushroom production process. Monaghan mushrooms are packed and delivered to supermarket shelves across Canada, Ireland, the United Kingdom, and Europe.   The company produces a variety of mushrooms, including chestnut and portobello as well as organically grown mushrooms and mushroom powders. 

Monterey Mushrooms Inc.

Monterey Mushrooms® provides fresh, locally grown mushrooms to major cities in the United States throughout the year. The company has 10 farms located strategically across the United States and Mexico. Monterey Mushrooms is the largest mushroom grower in North America. The company is known for the portabella mushrooms, its mushroom washing processes, and a patented “sunlight” system that enriches mushrooms with vitamin D naturally. 

Okechamp S.A.

OKECHAMP S.A. specialises in the production and processing of mushrooms. The company’s business model is vertically integrated, allowing the company to control the safety of its production process. In Poland, OKECHAMP owns the OLE! brand, a key player in the category of vegetable and mushroom delicacies. OKECHAMP’s production plant is in Grodzisk Wielkopolski as well as in Borucino. The company’s trade, finance, and IT divisions are in Poznan.