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Mushroom Market worth USD 105.20 Bn. by 2029 Growth, Size, Share, Trends, Forecast, and Key Players

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Mushroom Market worth USD 105.20 Bn. by 2029 Growth, Size, Share, Trends, Forecast, and Key Players

December 05
20:16 2022
Mushroom Market worth USD 105.20 Bn. by 2029 Growth, Size, Share, Trends, Forecast, and Key Players
Mushroom Market
Mushroom Market was valued at USD 50.53 Billion in 2021, and it is expected to reach USD 105.20 Billion by 2029, exhibiting a CAGR of 9.6 % during the forecast period (2022-2029)

Pune,5, Dec 2022: According to Maximize Market Research’s Mushroom Market research, the market is expected to grow from USD 50.53 billion in 2021 to USD 105.20 billion in 2029, at a CAGR of 9.6 percent over the forecast period from 2022 to 2029. Rapid advancements and innovation in mushroom cultivation and processing technologies are key factors driving mushroom market revenue growth.

Mushroom Market Scope and Research Methodology

The research report relies heavily on both primary and secondary data sources. The research process entails the investigation of various factors affecting the industry, such as government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and the technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges. All conceivable elements influencing the markets included in this research study have been considered, examined in depth, validated through primary research, and evaluated to provide the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast. This data is combined and added with detailed inputs and analysis, and presented in the report.

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Mushroom Market Overview

Edible fungi are commonly referred to as mushrooms that have been classified as vegetables; nevertheless, they are not properly classified as plants. They are high in riboflavin, potassium, vitamin D, selenium, and other beneficial minerals. Clinical and preclinical studies show that it promotes healthy immunity, weight management, and overall health performance. Furthermore, its usage may reduce the risk of diseases such as prostate cancer and breast cancer, which contributes to increased consumption and sales performance. Edible mushrooms are frequently produced in a controlled environment with the appropriate quantity of light, circulation, moisture, nutrients, soil pH, and air pressure. They are high in potassium, riboflavin, selenium, and vitamin D and have been found to help boost immunity and manage weight, and reduce the risk of numerous chronic illnesses.

Mushroom Market Dynamics

Edible fungus manufacturing is a growing and labor-intensive sector, with labour accounting for around one-third of overall production costs. This has prompted a number of industry associations and firms to invest in automated procedures in their manufacturing plants. Panbo Systems BV, an edible fungus manufacturing, and consultancy organization plan to open a next-generation production facility in 2020 that will utilize high-tech control systems and robotics to relocate pickers away from growing areas and increase productivity by more than 300%. This revolutionary system will incorporate cameras to monitor growth as well as robot vehicles to help choose, load, and empty the growing racks. This increases yields while decreasing costs by making agricultural fields and plucking more efficient. As a result, technology is likely to boost output while also providing chances for the sector forecast period.

Mushroom Market Regional Insights

Asia Pacific is expected to have the highest CAGR of 11.82% in the global Mushroom market during the forecast period, with a market share of 78% in 2021. Because of shifting consumer eating habits and rising spending on processed food in emerging countries such as India and China. Furthermore, the growing number of food hotels and restaurants in this region is expected to enhance the global mushroom market during the forecast period. 

In 2021, Europe had the second largest market share. Because of the increased consumption of mushrooms in this region. Furthermore, evolving consumer preferences toward healthy and low-fat foods, as well as rising consumer concerns about health and fitness, are expected to drive global mushroom market growth throughout the forecast period. Furthermore, because to higher market acceptance in growing economies such as the United States and Canada, North America controls a sizable portion of the industry. Quality things manufactured from healthy components are more expensive, but consumers are prepared to pay more for them.

Mushroom Market Segmentation

By Type: 

  • Button Mushroom
  • Shiitake Mushroom
  • Oyster Mushroom
  • Others

By From Type: 

  • Fresh Mushroom
  • Processed Mushroom
  • Dried Mushroom
  • Frozen Mushroom
  • Canned Mushroom
  • Others

By Distribution channel:

  • Hypermarkets and Supermarkets
  • Conventional Store
  • Others 

By Application:

  • Food Processing Industry
  • Retail Outlets
  • Food Services
  • Others 

Mushroom Market Key Competitors: 

  • Drinkwater’s Mushrooms Ltd
  • Lutece Holdings B.V.
  • Okechamp S.A.
  • The Mushroom Company
  • Bonduelle SCA
  • Monterey Mushrooms Inc.
  • Costa Group Holdings Limited
  • Shanghai Finc Bio Tech Inc.
  • Monaghan Mushrooms Ltd.
  • CMP Mushrooms Greenyard NV
  • Fresh Stock
  • Agro Dutch Industries Ltd
  • Hughes Mushroom
  • Modern Mushroom Farms
  • Scelta Mushrooms BV
  • The California Mushroom Farms Inc
  • Banken Champignons
  • Ecolink Baltic
  • Kulkarni Farm Fresh Pvt. Ltd
  • Weikfield Foods Pvt. Ltd.

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Key questions answered in the Mushroom Market are: 

  • What is Mushroom? 
  • What is the growth rate of Mushroom Market over the forecast period? 
  • What is the nature of competition in Mushroom industry in developed economies and developing economies? 
  • Who are the key players in the Mushroom Market?
  • Who are the market leaders in Mushroom in Europe
  • Who are the market leaders in Mushroom in USA and Canada
  • Who are the market leaders in Mushroom in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Mushroom Market? 
  • Who held the largest market share in Mushroom Market? 
  • What are the factors for the growth of Asia-Pacific region in Mushroom Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Type, From Type, Distribution channel, Application, and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading research firm, has also published the following reports:

Reishi Mushroom Extract Market – The Reishi Mushroom Market was valued at US$ 3.5 Bn. in 2021. The Global Reishi Mushroom Extract Market size is estimated to grow at a CAGR of 8.8% over the forecast period. The Reishi Mushroom Extract Market is expected to be driven by the growing use of conventional and scientific medicines.

Vitamin D Market –The Vitamin D Market size was valued at US$ 1.15 Bn. in 2021 and the total Vitamin D revenue is expected to grow by 7.8% from 2022 to 2029, reaching nearly US$ 2.26 Bn. Vitamin D Market is expected to be driven by the rising incidence of diseases like Rickets is major driver for the market.

Leavening Agents Market –The Leavening Agents Market was valued at US $ 669.24 Million in 2021. The market is predicted to grow at a CAGR of 5.45% over the forecast period, reaching US$ 1023.1 Million in 2021. The Leavening Agents Market is expected to be driven by the convention of leavening agents in bread is increasing, which is helping to boost the market.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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