Mushroom Market, By Type (Button, Shiitake, Oysters, and Others), By Application (Fresh, Processed, Dried, Frozen, Canned, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

The market for Mushroom was valued at USD 55.1 billion in 2022 and is projected to grow at a CAGR of 10.1% to reach USD 143.0 billion by 2032.

Mushroom which is also known as toadstool, is the fleshy, spore-bearing fruiting body of a fungus which are grown above soil or ground. Mushrooms are of different shape like domed cap on stalk, and gills underside of the cap. Mushrooms are highly rich in nutrients like proteins, vitamins, and irons. Mushrooms have many health benefits such as relief from high cholesterol level, breast cancer, prostate cancer, and diabetes. Mushrooms are helpful in reducing weight and strengthening immune system. There are certain side effects of eating mushroom such as skin rashes, stomach pain, headache, etc.

Increasing use of mushrooms in medical applications and growing awareness among individuals pertaining to mushroom consumption are the major factor driving growth of the global mushroom market. Also, increasing use of mushroom in food and beverages is the another factor anticipated to aid in growth of the target market. Moreover, minimal land usage for mushroom cultivation, and increasing consumer preference for consumption of processed foods are other factors propelling growth of the target market.  The growing market of processed food and increasing dependency on imported items is another factor fueling growth of the target market.  Shifting consumer preferences towards vegan food and increasing meat substitute demand is expected to aid in growth of global mushroom market over the forecast period. However, high cost of preservation due to low shelf life is a major restraint for growth of the target market. In addition, low rate of return on production of mushrooms is another factor hampering growth of the target market. Also, consumption of mushroom can sometimes cause certain side-effects such as skin rashes which in turn can hamper growth of the target market. Improving the shelf life of mushroom with smart packaging and other advanced technologies can pump up growth of the target market over the forecast period.

The global mushroom market is segmented on the basis of type, application and region. Based on type, the global mushroom market is divided into button, shiitake, oysters, and others. On the basis of application, the target market is bifurcated into fresh, processed, dried, frozen, canned, and others.

Regional Insights:

On the basis of region, the global mushroom market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is accounted for largest market share in terms of revenue in the global mushroom market, owing to high demand for mushrooms from various end use industries in the region. North America is accounted for the second largest market share in terms of revenue in the target market due to the growing health awareness among individuals, and increasing use of mushrooms in food & beverage industry in countries in the region. Asia Pacific is expected to witness the significant growth in terms of revenue over the forecast period. This is attributed to the high consumption rate of mushroom in emerging economies such as China and South Korea.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032.

Few Other Promising Reports:

• Dried Vegetables Market
• Dairy Herd Management Market

Key players operating in the global mushroom market are Agro Dutch Industries Ltd., The Mushroom Company, Banken Champignons BV, OKECHAMP S.A., Bonduelle SA, Modern Mushroom Farms, Inc., Drinkwater Mushrooms Ltd., Hughes Mushroom, Weikfield Foods Pvt. Ltd., Scelta Mushrooms BV.

The New Launched Product News,

• In September 2023, Wiz Khalifa launches a grow-your-own mushroom brand “Mistercap’s”. You can have oyster, shitake, and lion's mane mushrooms ready to eat in your house by purchasing the $27.95 grow-your-own mushroom kits that are sold there. The startup wants to create more ways for people to incorporate mushrooms into their lives, nutrition, and wellbeing in order to increase interest in the health benefits of mushrooms.

• In August 2023, Applied Food Sciences Inc. is partnering with Finland-based Company KAPPA Biotech, who specializes in fungi cultivation and research. According to the firm, the cooperation will allow AFS to add Nordic cultivated functional mushroom extracts to its botanical offering for use in food, drinks, and supplements. Six organic powdered mushroom extracts are being introduced by AFS with the addition of the mushroom extract: shiitake, maitake, lion's mane, reishi, and cordyceps.

• In November 2023, Meati launches new mushroom-based meat-alternative products which includes; Spicy Crispy Cutlet, Crispy Bites, Garlic & Black Pepper Steak, and Italian-Seasoned Cutlet. The mycelium of Neurospora crassa, which does not develop mycotoxins or fruiting bodies, is used to make mushroomroot. A complete-protein whole food that ends up free of sugar, low in cholesterol, easily absorbed, and packed with fiber and vitamins," is how the business describes MushroomRoot. Eat Meati, the company's first product line, including steaks and cutlets manufactured from mushroom root.