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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Mushroom Market Size
The global mushroom market reached approximately USD 68.03 billion in 2023. The market is projected to grow at a CAGR of 8% between 2024 and 2032, reaching a value of around USD 136.47 billion by 2032.
Key Takeaways
- Reportedly, there are over 10,000 species of mushrooms, varying greatly in size, shape, colour, and habitat.
- Advances in mushroom cultivation technology, such as controlled environment agriculture, are improving its yield, quality, and sustainability.
- The major production regions for mushroom are Asia, Europe, and North America.
Mushrooms are edible fungi (Agaricomycetes, Ascomycota) that are considered vegetables, but technically, they are not plants. Mushrooms are rich in riboflavin, potassium, vitamin D, selenium, and other ingredients that are beneficial for human health. They are low in calories and fat content and contain a modest amount of fibre, and a dozen minerals and vitamins, including magnesium, zinc, copper, and potassium.
The expanding food and beverage sector, along with the growing health consciousness among consumers across the globe, is one of the major factors aiding the mushroom market growth. Due to changing dietary preferences toward vegan foods, mushrooms are being preferred as a protein, vitamin, and mineral-rich substitute for meat, among consumers. Furthermore, increased use of mushrooms in the pharmaceutical sector as they consist of compounds that help in the treatment of diseases, such as hypercholesterolemia and hypertension also boosts the market expansion. They have anti-inflammatory, antioxidant, and antitumour properties, due to which they are heavily used in the manufacturing of medicines.
Mushroom Market Report Snapshots
Mushroom Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 68.03 billion.
The market is estimated to grow at a CAGR of 8% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 136.47 billion by 2032.
The major market drivers include the mushroom's strong nutritional and culinary capabilities, growing usage of mushrooms as a meat alternative, growing popularity of organic foods, increased urbanisation, growing technological advancements in mushroom packaging, and rising disposable incomes.
The key trends aiding the market growth include rising demand for plant-based food products, sustainable mushroom farming practices, growing demand for value-added mushrooms, and innovations in mushroom cultivation.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The major mushroom types considered in the market report are button, shiitake, and oyster, among others.
The various forms of mushroom are fresh, frozen, dried, and canned, among others.
The several distribution channels in the market are supermarkets and hypermarkets, grocery stores, and online, among others.
The major players in the market are Costa Group, Hughes Group, Monaghan Mushrooms, Monterey Mushrooms Inc., and Okechamp S.A., among others.
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