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. 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. This organic coffee contains mushroom extracts and Ayurvedic herbs, is rich in nutrients- and antioxidants, and also helps to improve immunity. Special combinations of reishi, cordyceps, lion’s mane, and turkey tail mushrooms are found in the formulae.
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Moreover, matsutake mushroom is high in demand in Asian countries due to their potent, spicy scent, meaty texture, and earthy flavor. This mushroom is very rarely produced and was listed as an endangered species in 2020 July Red List published by the International Union for Conservation of Nature (IUCN).
However, production of mushrooms requires a lot of management, effort, and expertise to get consistent and high-quality yields, which is a major factor hampering revenue growth of the market. In addition, mushrooms can cause allergies, nausea, and vomiting to a few people and have a pungent smell as it grows in moist conditions, which also restrains revenue growth of the market.
The Global Mushroom Market research study published by Emergen Research is an extensive collection of insightful information about the Mushroom Market industry. The report covers the Mushroom Market segmentation along with a detailed outline of the Mushroom Market size with regards to volume and valuation. The report provides comprehensive coverage of the Mushroom Market scenario for the current period and forecast timeline of 2020-2027. The Mushroom Market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
Some major companies in the market report include 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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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
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Food
Building & Construction
Pharmaceuticals
Cosmetics
Others
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
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
The report demonstrates the progress and advancement achieved by the global Mushroom market, including the historical analysis and progress through forecast years. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals. The report provides an accurate estimation by applying SWOT analysis and Porter’s Five Forces analysis. The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market.
Key Questions Answered in the Report:
What will be the estimated growth rate of the Mushroom market by 2030?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Mushroom market throughout the forecast period?
What are the current and future market trends of the Mushroom market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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