Edible Mushroom Market Size, Share, Growth, and Industry Analysis by Type (Button Mushroom, Shiitake Mushroom, Oyster Mushroom, Others) By Application (Supermarkets/Hypermarkets, Specialty Retailers, Convenience Stores, Online Store), Regional Insights, and Forecast To 2032

Updated On: 29 April 2024

Report Overview

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The global edible mushroom market size was 54610 million in 2021. As per our research, the market is expected to reach USD 72080 million by 2028, exhibiting a CAGR of 4.0% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the edible mushroom market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The market for edible mushrooms is a subset of the larger Fruit and Vegetable market. It's made up of a variety of mushrooms, including white button, portobello, shiitake, oyster, and morel varieties. These mushrooms can be found in a variety of meals, including soups, salads, pizzas, and pasta. They're also popular in vegetarian and vegan meals as meat replacements. Consumers like edible mushrooms because of their health benefits, such as being low in calories and fat while being high in fiber, vitamins, and minerals. Furthermore, they are regarded as a sustainable food source because they can be cultivated in a variety of climates and require few resources to produce. The Edible Mushroom industry is extremely competitive, with numerous competitors offering a wide range of goods.

Mushroom cultivation has evolved into a lucrative sector that is propelling the worldwide edible fungus market. The edible fungus industry is predicted to expand as consumer disposable income increases in important developing nations such as India and Thailand. They aid in metabolic improvement and cholesterol lowering. Mushrooms are also utilized medicinally, having been demonstrated to lower the risk of cardiovascular disease. Mushrooms are high in fiber and low in saturated fat, making them a popular choice among health-conscious consumers. Edible mushrooms are often sold fresh, canned, or dried, though they can also be found in powder or soup form. As a result, mushroom cultivation has become a viable company, propelling the global edible mushroom market ahead.

COVID-19 Impact: Positive Impact Owing to Strong Retailer Demand Increased the Market Demand

Following the pandemic epidemic, consumer consumption patterns shifted. Edible fungus consumption rose as a result of its health benefits and customers' growing interest in plant-based foods. Although, during the initial months of the lockdown, due to the forced closure of restaurants and cafés and restrictions on public transportation, the food service business saw a significant drop in sales, with mushroom manufacturers reporting a revenue drop of 50-80%. With the HORECA sector suffering a setback and consumers staying indoors, in-home consumption of numerous food products, particularly fresh ones, grew dramatically. Furthermore, the migration of consumers towards e-commerce platforms, as well as the slow resumption of normal operations in the food service industry, has enhanced the mushroom.

Latest Trends

"Changes in People’s Preference of Healthy Eating Habits to Accelerate the Market Growth and Expansion"

The industry is being driven by increased knowledge of the health benefits of various edible fungus species. Growing consumer interest in plant-based products, as well as evolving customer attitudes towards meat replacements, will aid in the development of the business. Shiitake mushroom consumption is particularly high in Southeast Asian and European countries, for example. According to polls, demand for this mushroom species is likely to rise substantially in the next years. As a result of the recent coronavirus pandemic, consumer tastes are changing. People are less likely to buy meat-based products and instead prefer alternatives such as mushrooms. This could be owing to various rumors linking meat consumption to the spread of the virus. The mandated stoppage is also likely to have an impact on the market.

Segmentation

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• By Type

According to type, the market can be segmented into button mushroom, shiitake mushroom, oyster mushroom, others. Button Mushroom is anticipated to be the leading segment.

• By Application

Based on application, the market can be divided into supermarkets/hypermarkets, specialty retailers, convenience stores, online Store. Supermarkets/hypermarkets will be the dominating segment.

Driving Factors

"Demand for Fresh Mushrooms has Skyrocketed Fueling the Market Growth"

Fresh mushroom consumption is expanding globally, notably in the United States and other wealthy economies. Rising demand for nutritious food products with no added preservatives boosts the edible fungus market's growth potential. The United States is a major supplier of fresh mushrooms. Fresh mushroom consumption is expected to surge across Asia Pacific and Europe as a result of increased customer demand for organic cuisine. Fresh mushroom prices are lower in countries such as India, South Korea, and others where a wide variety of mushroom species, such as button mushrooms, are prevalent. Low fresh mushroom pricing in comparison to other processed mushroom types may aid in driving fresh mushroom sales in these locations. As a result, these factors increases the edible mushroom market growth.

"Rising Health Awareness Will Drive Consumption of High Nutritional Value Food, Fueling market Growth"

Growing demand for foods with reduced fat and cholesterol levels that are also high in nutrients is predicted to drive global market growth. It also includes fiber and digestive enzymes that promote gut and immunological health, which has led to an increase in its use in dietary supplements. The growing acceptance of it as a meat substitute, combined with an increasing vegan population, is expected to drive market growth in the coming years. Fungi's rich, umami flavor makes it an ideal meat substitute and an efficient way to reduce fat and calories while increasing nutrition. The rapidly growing food service industry is increasing demand in restaurants, cafeterias, and hotels. Fungi can also provide health and nutritional benefits by using edible fungus powders into smoothies, sauces, and soups. Increased demand for processed varieties, especially in western countries, it is creating export prospects for major Asian producers. Furthermore, the high beneficial value of edible fungus and surge in public awareness are expected to drive expansion of the market in the next years.

Restraining Factor

"High Cultivation Operational Costs to Limit Market Growth"

Mushroom manufacturing necessitates a high level of management involvement and skill. A specific treatment is necessary to obtain high-quality yields, consistent. Humidity, temperature, and light all have an effect on them. Insects and animal pests can be significant challenges for growers, particularly in the outdoors. Pest control is crucial because some insects, such as fungus gnats, grow under the same conditions, increasing production expenses. Its strong yields decrease harvest windows and short production cycles, limiting production amount. Furthermore, allergic reactions during oyster cultivation are expected to impede market growth and expansion.

Regional Insights

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"Asia Pacific to Dominate the Market Growth Owing to the Increase in the Rate of Production"

Asia Pacific to hold the largest edible mushroom market share. China has emerged as the region's leading producer, with annual consumption of up to 10 kilograms per person. By manufacturing edible fungus at the highest per capita consumption rate of any country, China will control the world's largest market share. Its usage in Asian countries such as Japan, India, and others is increasing at a rapid pace, owing to increased production and imports. The region's farmers' adoption of new and modern growing practices, together with their use in making medical items to treat various diseases and for overall fitness, is likely to boost regional market expansion in the future years.

Key Industry Players

"Key Players to Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• The Mushroom Company (U.S.)
• Monaghan Mushrooms (Europe)
• Bonduelle Group (Europe)
• Okechamp (Europe)
• Lutèce Holding (U.S.)
• Monterey Mushrooms (U.S.)
• Shanghai Finc Bio-Tech (Asia Pacific)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.