Mexico Dried Mushrooms Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2024-2032)

Mexico Dried Mushrooms Market Growth

In the year 2023, Mexico's imports of food ingredient products reached a total of $51 billion, with 63% of these products originating from the United States. The food processing sector in Mexico ranks as the third largest in the Americas, following the United States and Brazil, and is recognised among the top 15 globally. Dried mushrooms are extensively utilised within the food processing sector due to their robust flavour, long shelf life, and adaptability. They are instrumental in enhancing the flavour and nutrition profile of soups, sauces, and ready-to-eat meals. Additionally, dried mushrooms are transformed into powders for use in seasoning blends and flavour enhancers, thereby offering nutritional value and richness to a variety of food products.

The increasing popularity of plant-based diets and vegetarianism has led to a heightened demand for meat substitutes and plant-derived proteins. Dried mushrooms, consumed for their umami taste and texture reminiscent of meat, are increasingly favoured as an alternative to meat in numerous culinary applications. The trend towards plant-based eating is also closely linked to sustainability and environmental awareness, which further enhances the appeal of dried mushrooms as a sustainable food option. In Mexico, a notable proportion of the population adheres to plant-based diets, with 19% identifying as vegetarian, 15% as flexitarian, and 9% as vegan.

Furthermore, mushrooms are also recognised for their substantial protein content, averaging 23.80 g per 100 g of dry weight. In 2022, the market for plant-based protein ingredients (excluding animal-derived proteins) in Mexico was estimated at 96.6 thousand tonnes. Projections for the period from 2022 to 2027 indicate that sales of plant-based protein ingredients are expected to grow at a compound annual growth rate (CAGR) of 3.9%, reaching 117.1 thousand tonnes by 2026.

Key Trends and Developments

The growing popularity of Mexican cuisine, rising health and nutrition awareness, rise in plant-based diets, and increasing sustainability and environmental concerns are propelling the Mexico dried mushrooms market growth

June 2022

Farmmi, a company engaged in the processing and sale of agricultural products both domestically in China and internationally, secured an order from Mexico for dried shiitake mushrooms.

February 2024

South Mill Champs established a cross-border collaboration with Grupo APAL to create a 50/50 joint venture in Mexico, aimed at increasing mushroom production in the country.

Growing Popularity of Mexican Cuisines

The use of dried mushrooms is gaining traction in Mexican cuisine, attributed to their distinctive flavours and textures. They are incorporated into a range of traditional dishes as well as gourmet recipes, thereby increasing the allure of mushrooms in both domestic cooking and culinary establishments.

Health and Nutrition Awareness

Dried mushrooms are esteemed for their numerous health advantages due to their elevated amounts of vitamins, minerals, antioxidants, and dietary fibres. The increasing recognition of these nutritional properties motivates consumers to include dried mushrooms in their dietary regimens.

Rise in Plant-Based Diets

The growing popularity of plant-based diets and vegetarianism has led to a heightened demand for meat substitutes and plant-derived proteins. Dried mushrooms, desired for their texture reminiscent of meat, are increasingly favoured in a variety of culinary applications.

Application of Dried Mushrooms in Speciality Foods

There is an increasing demand for speciality and organic food products, particularly dried mushrooms. Consumers are prepared to invest more in high-quality, organic, and sustainably sourced items, thereby enhancing the market for premium dried mushrooms.

Expansion of Distribution Channels

The growth of online shopping and e-commerce platforms has facilitated consumer access to a diverse array of dried mushroom products. Online retail provides convenience and the opportunity to obtain speciality items that might not be found in local retail outlets.

Sustainability and Environmental Concerns

With the increasing awareness of environmental issues among consumers, there is a growing demand for products that are produced sustainably and exhibit a reduced environmental footprint. Dried mushrooms, which typically require fewer resources to produce than animal-based food items, resonate well with these consumer preferences.

Mexico Dried Mushrooms Market Trends

Advances in product development, including the launch of novel mushroom varieties and enhanced products like mushroom powders, blends, and snacks, generate consumer interest and broaden market options. The adaptability of dried mushrooms in a range of culinary uses, such as in soups, sauces, snacks, and seasonings, fuels their demand across various applications. In certain areas of Mexico, dried mushrooms have been a staple in traditional cooking for many years. This cultural legacy fosters ongoing utilisation and appreciation of dried mushrooms within local culinary practices.

Mexico Dried Mushrooms Industry Segmentation

Mexico Dried Mushrooms Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Button
• Shiitake
• Oyster
• Others

Market Breakup by Source

• Domestic
• Imported

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Grocery Stores
• Online
• Others

Market Breakup by Region

• Central Mexico
• Northern Mexico
• Pacific Coast
• The Bajío
• Yucatan Peninsula
• Baja California
• Others

Mexico Dried Mushrooms Market Share

Based on the type, the market is segmented into button, shiitake, oyster, and others. Shitake is projected to grow at a CAGR of 7.6% during the forecast period of 2024-2032. Shiitake mushrooms are highly demanded for their deep umami taste and substantial texture. They provide various health advantages, such as bolstering the immune system and supplying antioxidants, and are utilised in a wide range of culinary dishes, including soups and stir-fries.

Leading Companies in the Mexico Dried Mushrooms Market

Major players are focusing on the production of organic mushrooms to gain a competitive edge in the market.

• Monterey Mushrooms
• Monaghan Group
• Roland foods LLC
• Fungo Gourmet
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.