Global Mushroom Cultivation Market Report and Forecast 2024-2032

Global Mushroom Cultivation Market Outlook

The global mushroom cultivation market size is expected to grow at a CAGR of 4.40% during the forecast period of 2024- 2032, driven by the health benefits of mushroom.

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Key Trends in the Market

Mushrooms are the fruiting body of particular types of fungus that are a low-calorie food that offers several health benefits, including a wealth of vitamins and minerals. Riboflavin, potassium, vitamin D, selenium, and other nutrients that are good for human health are abundant in mushrooms. Growing mushrooms utilising plant, animal, and industrial waste is known as mushroom cultivation. Due to the relevance of the dietary fibre and protein content of mushrooms, techniques of mushroom cultivation have acquired popularity throughout the world.

• Consumers are becoming more concerned with their health and want nutritious foods, which is predicted to drive the market for mushroom cultivation. Further, increasing development of health issues and the demand for vegetarian cuisine will create additional potential growth possibilities for the mushroom cultivation market in the years to come.

• Increasing efforts by market participants to adopt advanced technologies will increase the commercial production of mushrooms, which is anticipated to spur numerous opportunities for market participants to grow their businesses in the global market for mushroom cultivation over the course of the forecast period.

• The mushroom cultivation market development is driven by the population's rising need cost-effective food production, the versatility of mushrooms, improvements in packaging technology, and the rising popularity of mushroom recipes. However, the market may be impacted by the absence of improvised methods for managing mushroom farms and spawn production in underdeveloped nations.

• The growth of the food service sector is opening up new opportunities for mushroom consumption in high-end eateries, hotel chains, and cafeterias. Effective pest management techniques can help increase the volume of mushroom cultivation by preventing infections on crops.

Global Mushroom Cultivation Market Analysis

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Based on type, the market is divided into button mushroom, oyster mushroom, and shiitake mushroom, among others. The market on the basis of phase is divided into composting, spawning, casting, pinning, and harvesting, among others. On the basis of distribution channels, the market is bifurcated into offline and online. The regional markets for mushroom cultivation can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global mushroom cultivation market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• Walsh Mushrooms Group

• Monaghan Group

• Hirano Mushroom LLC

• Smithy Mushrooms

• Fujishukin co. Ltd.

• Gourmet Mushrooms, Inc.

• Commercial Mushroom Producers Ltd.

• Lambert Spawn

• Heereco BV

• Phillips Mushroom Farms

• Mushroom SAA

• Others

Market Share by Type

Over the forecast period, the button mushroom segment in the market for mushroom cultivation is anticipated to experience significant expansion. Due to their multiple nutritional advantages and shorter spore incubation times, button mushrooms are widely cultivated around the world. Over the forecast period, the market is anticipated to be driven by their reduced cost when compared to other types of mushrooms. 

As per the mushroom cultivation market research, shiitake mushrooms are well-liked all over the world, largely because of their delicious flavour and wide range of health advantages. These mushrooms can be eaten fresh or processed in the form of dried mushrooms; however, due to their umami flavour, dried shiitake mushrooms are more widely consumed. Shiitake mushrooms have long been used in traditional medicine in nations like Japan, China, and South Korea because they promote longevity, improved health, and better blood circulation when consumed.

Market Share by Region

Due to a surge in per capita consumption of mushrooms compared to other regions, the Asia Pacific is predicted to dominate the mushroom cultivation market. During the anticipated period, the market for mushroom cultivation in the region will develop as a result of rising mushroom cultivation and increasing consumption. 

Traditional medical practises, such as Traditional Chinese Medicines and Ayurveda, which use diverse mushroom species to treat a variety of ailments, are more common in the Asia Pacific region. The region's demand for mushrooms is anticipated to be driven by their high nutritional value, low calorie content, and immunity-boosting qualities.

As a result of an increase in demand for foods with high nutritional value, Europe is expected to experience high growth in the market for mushroom cultivation during the forecast period. In addition, rising consumer concerns about their health and fitness as well as a shift in consumer choice toward low-fat and healthy foods are predicted to fuel market expansion throughout the forecast period. 

The demand for mushrooms for therapeutic purposes is increasing moderately in nations like the United Kingdom, the Netherlands, Germany, Spain, and others, and the trend is expected to continue in the future years. The use of cutting-edge mushroom processing methods by mushroom farmers and distributors in Europe is expected to help mushroom cultivation market throughout the continent.

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Competitive Landscape

Walsh Mushrooms Group, founded in 1979 is a vertically integrated food company that supplies more than 500 tonnes of fresh mushrooms to the United Kingdom market each week. It grows more than 150 tonnes of fresh mushrooms in Ireland and the United Kingdom, and produces about 2,000 tonnes of substrate for those markets.

Monaghan Group is one of the biggest producers of mushrooms worldwide. The company grows, harvests, and packages finished goods that are transported to supermarket shelves. It also produces compost for growing mushrooms. Its operations are spread across Canada, Ireland, the United Kingdom, and Europe, with its headquarters in Co. Monaghan, Ireland. 

Hirano Mushroom LLC, since its establishment in 2013, has been committed to supplying the European, Asian, and American markets with premium mushrooms. It is the only producer of unique shiitake mushrooms in Eastern Europe. 

Other market players include Smithy Mushrooms, Fujishukin co. Ltd., Gourmet Mushrooms, Inc., Commercial Mushroom Producers Ltd., Lambert Spawn, Heereco BV, Phillips Mushroom Farms, and Mushroom SAA, among others.

Key Highlights of the Report