The latest research report by Emergen Research, named ‘Global Mushroom Market – Forecast to 2032 The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
The global mushroom market size was USD 50.40 Billion in 2021 and is expected to register a revenue CAGR of 9.6% during the forecast period, according to the latest analysis by Emergen Research. Growing trend of veganism and rising demand for plant-based proteins, such as mycoprotein and meat alternatives, are expected to drive revenue growth in the market. In addition, rising research activities for development of innovative mushroom-based products are driving revenue growth in the market. For example, on 20 August 2020, Better Plant Sciences Inc. announced that its subsidiary Neonmind Biosciences completed the final product development of Four distinctive Ayurveda-inspired and botanically enhanced mushroom coffee blends.
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Drivers of Mushroom Market Growth:
The growth of the Mushroom Market is driven by a confluence of factors, with consumer preferences for healthier dietary options playing a pivotal role. Mushrooms are low in calories, rich in essential nutrients, and serve as a valuable source of vitamins, minerals, and antioxidants, making them an attractive choice for health-conscious individuals. Moreover, the rising popularity of plant-based diets has elevated mushrooms to a prominent position as a versatile and nutritious meat alternative. The sustainability of mushroom cultivation, characterized by its low environmental impact, further contributes to the market’s growth amid increasing concerns about ecological responsibility.
Challenges and Cultivation Dynamics:
Despite the positive trajectory, the Mushroom Market faces challenges related to cultivation complexities and perishability. Mushroom cultivation requires specific environmental conditions, and fluctuations in temperature or humidity can impact yields. Additionally, the perishable nature of fresh mushrooms necessitates efficient supply chain management to maintain product quality and freshness. Meeting the growing demand while overcoming these cultivation and logistical challenges remains a key consideration for stakeholders in the mushroom industry.
Growth Factors Propelling the Market Forward:
The Mushroom Market is poised for sustained growth due to various factors amplifying its momentum. Ongoing research highlighting the medicinal properties of certain mushroom varieties, such as immune-boosting and anti-inflammatory effects, contributes to the expanding consumer interest in functional foods. Innovations in packaging and processing techniques extend the shelf life of mushrooms, addressing concerns related to perishability.
Overview of the Mushroom Market Report:
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
- In-depth analysis of the risks, restraints, and limitations in the Mushroom Market industry
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Mushroom Market , with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Major Companies and Competitive Landscape
The global Mushroom Market is fragmented, with a number of small- and medium-sized players accounting for majority revenue share. Established companies are engaged in various research and development activities and initiatives to develop and deploy new and more efficient technologies and solutions in the
Mushroom Market . Some prominent players operating in the market are: Bonduelle, Drinkwater Mushrooms, CMP Mushrooms, The Green Yard, and Weikfield Foods PVT. LTD., BioFungi GmbH, Monaghan Group, Highline Mushrooms, Monterey Mushrooms, LLC., Basciani Foods, Costa’s Pty Ltd.
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The market’s growth is further propelled by technological advancements and innovations aimed at developing safer, more effective, and environmentally friendly biocidal products. Companies are investing in research and development to create novel formulations with enhanced efficacy while meeting regulatory standards. The advent of bio-based biocides derived from natural sources presents a promising avenue for sustainable and eco-friendly solutions, catering to the increasing demand for greener alternatives.
Emergen Research has segmented the global mushroom market based on product type, distribution channel, application, end-use, and region:
· Product Type Outlook (Revenue, USD Billion; 2019–2030)
- Oyster
- Button
- Truffle
- Matsutake
- Others
· Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- Online
- E-commerce Platforms
- E-Groceries
- Offline Stores
- Supermarkets
- Convenience Stores
- Others
· Application Outlook (Revenue, USD Billion; 2019–2030)
- Meat Alternative
- Faux Leather
- Coffee
- Packaging
- Others
Segmentation:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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