Mushroom Market Report 2024-2032: Global Market was Valued at $67.6 Billion in 2023 - Beta-Glucans and Antioxidants Unlocking Potential, Sustainable Cultivation Practices Propel Growth

News provided by

Mar 12, 2024, 11:00 ET

DUBLIN, March 12, 2024 /PRNewswire/ -- The "Mushroom Market Report by Mushroom Type, Form, Distribution Channel, End-Use, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.

The global mushroom market size reached US$ 67.6 billion in 2023. The market is projected to reach US$ 116.8 billion by 2032, exhibiting a growth rate (CAGR) of 6.27% during 2023-2032

The market is experiencing steady growth driven by a rising health-conscious consumer base attracted to the nutritional benefits, culinary versatility, and expanding applications in pharmaceuticals and nutraceuticals, making mushrooms a sought-after choice for diverse diets and industries.

Increasing consumer awareness of health benefits

As health consciousness becomes a pervasive trend, consumers are actively seeking nutritious and functional foods, with mushrooms gaining attention for their myriad health benefits. Mushrooms are a rich source of essential nutrients, including vitamins (such as B vitamins), minerals (like selenium), and dietary fiber.

Moreover, certain mushroom varieties exhibit medicinal properties, contributing to immune system support and anti-inflammatory effects. The heightened awareness of these nutritional and health-enhancing qualities has led to a rise in mushroom consumption, positioning them as a staple in the diets of individuals focused on overall well-being.

Growing culinary popularity and versatility

The culinary landscape is witnessing a product renaissance due to the fungi's exceptional versatility and ability to elevate flavors across a spectrum of cuisines. With an expanding interest in diverse and international culinary experiences, the product has become a cornerstone ingredient. From classic dishes to innovative recipes, they contribute a unique umami taste and a distinct texture. Their adaptability to various cooking methods and compatibility with both vegetarian and non-vegetarian dishes further solidify them as a culinary favorite, driving sustained demand from chefs, home cooks, and food enthusiasts alike.

Expanding application in pharmaceutical and nutraceutical industries

Mushrooms are increasingly recognized for their bioactive compounds, particularly beta-glucans, and antioxidants, which hold promising health benefits. This recognition has led to the integration of them into pharmaceutical and nutraceutical products. Beta-glucans, found in certain product species, exhibit immune-modulating properties, making them valuable in pharmaceutical formulations. Additionally, its' antioxidant content contributes to their role in the nutraceutical sector, where they are incorporated into dietary supplements. Ongoing research exploring the medicinal potential of the product further fuels their demand in these industries, establishing them as essential components in the development of health-promoting products.

Leading Key Players in the Mushroom Industry:

The key players in the market are actively engaged in strategic initiatives to capitalize on the growing demand and emerging trends. Many are focusing on expanding their product portfolios to offer a diverse range of mushroom varieties, addressing the preferences of health-conscious consumers and culinary enthusiasts.

Additionally, there is a notable emphasis on sustainable and organic practices in cultivation, aligning with the increasing consumer preference for environmentally friendly and ethically sourced products. Companies are also investing in research and development to explore innovative ways of incorporating mushrooms into new food products and enhancing their functional properties.

Market leaders are leveraging technological advancements in cultivation methods to ensure consistent quality and efficient production. Collaborations, mergers, and acquisitions are prevalent strategies among key players to strengthen their market presence, secure supply chains, and expand into new geographic regions, thereby maintaining a competitive edge in the dynamic and evolving mushroom market.

Key Questions Answered in This Report

What was the size of the global mushroom market in 2023?
What is the expected growth rate of the global mushroom market during 2024-2032?
What are the key factors driving the global mushroom market?
What has been the impact of COVID-19 on the global mushroom market?
What is the breakup of the global mushroom market based on the mushroom type?
What is the breakup of the global mushroom market based on the form?
What is the breakup of the global mushroom market based on the distribution channel?
What is the breakup of the global mushroom market based on the end-use?
What are the key regions in the global mushroom market?
Who are the key players/companies in the global mushroom market?

Mushroom Market Analysis:

Market Growth and Size: The global market is experiencing robust growth, driven by factors such as increasing consumer awareness of health benefits, culinary popularity, and expanding applications in pharmaceuticals and nutraceuticals.
Major Market Drivers: Key drivers growing health consciousness among consumers, coupled with the nutritional benefits of mushrooms, fuels demand.
Technological Advancements: Key players are investing in advanced cultivation methods and technology to ensure consistent quality, improve efficiency, and meet the rising demand for mushrooms.
Industry Applications: The product is extensively used in the food processing industry, food service sector, and for direct consumption, showcasing their versatility across various applications.
Key Market Trends: Sustainability and organic cultivation practices are prominent trends, aligning with consumer preferences for environmentally friendly products. Online stores are witnessing significant growth, reflecting changing consumer shopping habits.
Geographical Trends: Europe holds the largest market share, driven by traditional culinary preferences and a well-established mushroom cultivation infrastructure.
Competitive Landscape: Key players are diversifying product portfolios, focusing on sustainability, and engaging in strategic collaborations to strengthen their market positions.
Challenges and Opportunities: Challenges include susceptibility to pests and diseases, requiring innovative pest management strategies. Opportunities lie in expanding markets, especially in regions with growing health consciousness and a demand for diverse culinary experiences.
Future Outlook: The market is poised for continued growth, driven by evolving consumer preferences, technological advancements, and the exploration of new applications. Strategic initiatives, including sustainable practices and market expansion, will likely define the industry's future trajectory.

Competitive Analysis

Bonduelle Fresh Europe
Drinkwater Mushrooms Ltd.
Monaghan Mushrooms Inc.
Monterey Mushrooms Inc.
OKECHAMP S.A.
Shanghai Finc Bio-Tech Inc.
The Mushroom Company

For more information about this report visit https://www.researchandmarkets.com/r/zhhhs9

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets