mushroom industry overview

The mushroom market size was valued at $33,553.0 million in 2019, and is estimated to reach $53,342.0 million by 2027, registering a CAGR of 9.3% from 2021 to 2027. The study provides insights on its future prospects as a major agro-industry. Governments across several countries are investing in the production of high-quality varieties of these edible fungi that are not only safe for human consumption but can also be exported to other countries to generate revenue. Mushroom growing is a potential activity to convert waste into best nutritional food with high protein conversion efficiency. All rights reserved. Indian J Tradit Knowl 17(2):327335, Chang ST (1996) Mushroom research and development equality and mutual benefit. I appreciate the timeliness and responsiveness of you and your team., The global mushroom market is projected to grow from 15.25 million tonnes in 2021 to 24.05 million tonnes in 2028 at a CAGR of 6.74% in forecast period, 2020 Fortune Business Insights . Global Mushroom Market By Type, By Form, By Distribution - GlobeNewswire Overall experience was good, and the data points were quite helpful. Consumers will likely want to shift away from foreign produced supplements as well as away from mycelial-based products.This positions American mushroom farms strongly to begin offering value-added products Mushroom Res 26(1):2139, Lakhanpal TN, Rana M (2005) Medicinal and nutraceutical genetic resources of mushrooms. They are strongly affected by humidity, temperature, and light. The global mushroom market was valued at US$ 63.0 Billion in 2022. Also, detailed profiles of all major companies have been provided. Consumers are opting for healthier beverages and food products that are infused with nutrients extracted from clean or natural sources. The market will grow at a 9.1% CAGR throughout the projection period, reaching US$ 22.3 Bn by 2032. Shiitake mushrooms have been a part of traditional medicines in countries such as Japan, China, and South Korea, as their consumption boosts health and longevity, along with improved blood circulation. This includes food processing industry, food service sector, direct consumption, and others. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. According to the report, button mushroom represented the largest segment due to the high global demand. Mushroom Market Size, Share, Growth | Report Forecast - 2027 The mushroom market has been experiencing continuous growth. Consumers are willing to pay higher prices for premium products that are specifically produced using natural and organic ingredients. Asia Pacific is anticipated to hold the highest market share in the market. For instance, in January 2021, South Mill Champs, a leading North American grower and supplier, acquired Cambridge-based the Mushroom Company, one of the largest processors of the product in North America. Discounted price for multiple reports across domains, 2. Home Projects Specialty Mushrooms Specialty Mushroom Cultivation 3. Hyderabad, July 13, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Functional Mushroom Market Report (2023-2028)," the market is estimated at USD 29.88 billion in 2023. In the developing countries such as South Korea, India, and others, where particular varieties such as the button variant are grown in abundance, the cost of fresh varieties is comparatively lower. Shiitake mushrooms were the first specialty mushroom commercially cultivated in the United States. February 26, 2021 Here, we learn about the circular economy when it comes to the mushroom industry, including the research of the Mushroom Research Technological Center of La Rioja ( CTICH) This makes pest control critical as some insects, such as fungus gnats, breed under the same conditions, which increases the production costs as well. The possible impact they could have on our world is huge. My overall experience with IMARC was good. In addition, increasing preference for a vegan diet is expected to augment the demand for meat replacers such as mushrooms from food and dietary supplements industries over the forecast period. The research study provides the latest information on the market drivers, challenges, and opportunities in the global mushroom market. Based on the distribution channel, the global mushroom market has been categorized into supermarkets and hypermarkets, grocery stores, online stores, and others. These mushrooms can be consumed in fresh or processed forms such as dried form; although dried shiitake mushrooms are more popular due to their umami flavor. Functional Mushroom analysis includes a market forecast outlook to (2023to2028 and historical overview. In: Jinxia Z, Hexiang W, Mingjie C (eds) Proceedings of the 18th Congress of the International Society for Mushroom Science. The data offered to us was exactly what we were looking for. Thus, personal care & beauty product manufacturers are increasingly using botanical ingredients in cosmetic formulations which are expected to have a positive impact on the demand. Around the same time, cultivation on sawdust was reported as a method for testing strains. This can be attributed to the growing popularity of functional mushrooms as superfoods due to their numerous health advantages. Furthermore, the allergic reactions while producing oyster variants are expected to restrain the market growth. Furthermore, consumers are showing a positive response for products with natural or clean label tags. Pune, Sept. 23, 2022 (GLOBE NEWSWIRE) -- The Global Functional Mushroom Market (2022-2029) research report offers an in-depth analysis of . Get a sample of this industry analysis as a free report PDF download. 1996 pen state University ISBN I-883956-01-3, Chang ST (2006) The world mushroom industry: trends and technological development. Int J Commerce Manag Res 3:2326, Koopmans A, Koppejan J (1997) Agricultural and forest residuesgeneration, utilization and availability. These investments, plus long learning curves on production and marketing, tend to limit who can enter traditional The food application segment accounted for the largest revenue share of 86.8% in 2021. Along with all of these new opportunities specialty mushroom consumption continues to increase in the United States and will keep growing in the American diet. We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. per capita) communities. We also would like to associate for more assignments this year. See our Privacy Policy for more. Sales of PA mushrooms and of the inputs to produce mushrooms - including spawn, casing, and compost - bring money from around the country to PA and supports local firms and jobs. your institution. Low-calorie content and high nutritional content are expected to attract diet-conscious consumers over the forecast period, We never share your personal data. The market in many developed and developing economies is proliferating at a significant pace. Mushroom Market Size Worth $100.1 Bn, Globally, by 2028 at 9.8% CAGR In the 2000s with the continued growth of the local agriculture movement, small-scale mushroom farms started to pop up around the country. Int J Med Mushrooms 8:297314, Article Int J Curr Adv Res 6(5):39543959. Currently, supermarkets and hypermarkets account for the majority of the global market share. Who are the key players in the mushroom market? Increasing demand for healthy and natural ingredients currently represents one of the primary drivers resulting in the increasing sales of mushrooms. Explore purchase options. Prominent market players in North America are adopting advanced cultivation techniques, along with various merger and acquisition strategies to increase their production capacity and maintain their prominence in the regional market. Mushroom refers to the fleshy, spore-bearing fruiting bodies of certain fungi that come in various shapes, sizes, and colors. Very inefficient methods of cultivation relying on spores colonizing the logs were used until the mid 1940s. For instance, in September 2021, the U.S. Department of Agricultures National Institute of Food and Agriculture granted approximately USD 4 million to Pennsylvania States College of Agricultural Sciences to help a team of researchers as they investigate technologies to address shortages of labor on edible fungus cultivation farms. Top 8 Global Mushroom Companies & Brands 2023 | IMARC Group - LinkedIn Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. American Mushroom Institute - The PA Mushroom Industry 2023 Portobello Mushroom global market overview today - Tridge Mushroom Market Size & Analysis Report, 2022-2030 I ACCEPTX. Its consumption in Asian countries such as Japan, India, and others is increasing at a significant pace attributed to its growing production, along with a rise in imports. The industry faced disruptions in the supply chain due to lockdown measures, travel restrictions, and labor shortages. What is the breakup of the global mushroom market based on the end-use? See for yourself. We are happy with the work that IMARC has provided, very complete and detailed. In the U.K., a leading health food chain, Holland & Barrett is capitalizing on producing several types of food supplements from dried or powdered forms, which is anticipated to drive the regional market growth. Building materials and art installations have all been created using organic matter and mushroom They are rich in riboflavin, potassium, vitamin D, selenium, and other ingredients that are beneficial for human health. White Mushroom Market size was valued at USD 39.8 Mn. agricultural production of crops and livestock. Worldwide Mushroom Industry to 2027 - Yahoo Finance What has been the impact of COVID-19 on the global mushroom market? Sharondale produces fresh, organic mushrooms for restaurants, grocery, markets, as well as mushroom spawn and other mushroom growing tools and supplies for mushroom farms and mushroom farmers. Daya Publishing House, New Delhi, pp 320343, Thakur MP, Singh HK (2013) Mushrooms, their bioactive compounds and medicinal uses: a review. The Asia Pacific region has more prevalence of the traditional medicine systems, including Ayurveda and Traditional Chinese Medicines, which make use of several species of mushroom for the treatment of various diseases. According to the report, fresh mushroom accounted for the largest market share due to rising consumer demand for freshness, as fresh variants offer superior taste, texture, and overall quality compared to processed or preserved mushrooms. For instance, Monaghan Mushrooms aims to transit towards reusable and recyclable packaging by 2025 to bring sustainability to business operations. With the expansion of global industry, its commercial production and distribution have improved significantly. Worldwide Mushroom Industry to 2027 - Increased Use of - GlobeNewswire This is a preview of subscription content, access via Different key insights given in the report are the overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, and key industry trends. in a remediation setting would allow local solutions to toxic problems. Rising at a CAGR of 6.74%, the market will exhibit steady growth in the forecast period (2021-2028). Mushroom Market Price Trends, Size, Share, Analysis 2023-28 and button mushroom (Agaricus bisporus) (Royse et al., 2017). This site uses cookies to improve user experience. Proceedings of the Indian mushroom conference 1997, pp 291304, Sharma VP, Annepu SK, Gautam Y, Singh M, Kamal S (2017) Status of mushroom production in India. https://guardian.ng/features/mushrooms-to-end-food-scarcity/. Moreover, the shutting down of quick service restaurants (QSRs) and food service segments has led to a decline in the demand for mushrooms. Mushroom Res 26(2):111120, Singh M (2011) Mushroom production: an agribusiness activity. The Global Mushroom Market size is expected to reach $52 billion by 2026, rising at a market growth of 12.4% CAGR during the forecast period. Advances in mushroom production: key to food, nutritional and employment security: Areview. Higher per capita income in the developed market in the region is expected to create an additional opportunity for exotic mushrooms like gourmet products. CAS In: Sharma S, Manjit M, Prasad S, Rathore H (eds) Mushrooms in Indiadiversity, improvement, cultivation, medicinal uses and value addition for Rural development. Global Mushroom Market (2020 to 2026) - by Type, Form, Distribution I appreciate the timely follow ups and post purchase support from the team. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Mushroom Market Size, Share & Industry Analysis, By Type (Button Mushroom, Shiitake Mushroom, Oyster Mushroom, and Others), Form (Fresh Mushroom, Frozen Mushroom, Dried Mushroom, and Canned . Investment in increasing production and adoption of smart packaging techniques are the key market trends driving the growth of the market. Happy researching! Google Scholar, Singh Y, Sidhu HS (2014) Management of cereal crop residues for sustainable rice-wheat production system in the Indo-gangetic plains of India. Privacy Policy. Functional Mushroom Industry Overview and Competitive - FMIBlog Indian Phytopathology However, increasing technological advancements such as the use of modified atmosphere packaging have curbed the challenges associated with the limited shelf life of mushrooms, thereby favoring segment growth. Furthermore, the longer shelf life makes this more convenient and cost-saving, which further contributes to the segments growth. The pandemic has also led to restrictions on international trade, including export and import limitations, which affected the supply and distribution of mushrooms. They have introduced the concept of using dried and molded mycelium as a textile. The production in the country is declining since 2017 and has declined by 11% from 2017 to 2019. The global functional mushroom market size was valued at USD 26.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.8% from 2022 to 2030. Free business intelligence platform with subscription, 4. In: Manjit S, Bhuvnesh V, Shwet K, Wakchaure GC (eds) Mushrooms cultivation, marketing and consumption global and National Scenario. Investment by market players as well as governments to improve the distribution channel of fresh and processed edible fungus can bring immense growth opportunities for sales across the world. MSI, Solan, pp 215227, Kumar S, Sharma VP, Shirur M, Kamal S (2017) Status of milky mushroom (Calocybeindica) in Indiaa review. in 1978, but by 1999, averaged 4 lbs. Changes in production technology and diversification have led to exponential growth of mushroom production world over by doubling or tripling the farmers income within a year. Free upgrade to enterprise license (allows to share across all company locations), 5. The global mushroom market size was estimated at USD 50.3 billion in 2021 and is expected to reach USD 54.9 billion in 2022. b. All rights reserved. This has influenced various organizations and manufacturers in the industry to invest in automated techniques in their processing facilities. Frozen varieties are expected to witness substantial growth owing to their wide application in food and extended shelf life, which is around 24 months. Mushrooms are rich sources of various bioactive compounds such as polysaccharides, triterpenes, polyphenols, proteins, amino acids, and organic germanium. It is now considered as an important activity for recycling of agro-waste to provide better nutrition and medicinal attributes to the vegetarian population. This application considers the utilization of fresh and processed forms by the household as well as food services. Increased R&D on white button variety to discover its potential in preventing cancer, coupled with its availability at economical prices as compared to specialty varieties, is projected to escalate the segments performance during the forecast period. (PDF) AN OVERVIEW OF MUSHROOM FARMING - ResearchGate After a single session with psilocybin mushrooms, eighty percent of participants reported a significant reduction in depression and anxiety six months later. Whereas the demand from end-users is growing, which has resulted in an increase in the prices by 6% in 2017-18 and by 3% in 2018-19. Mushrooms are the fungus that has various. What are the factors driving the mushroom market. per capita) then metropolitan (3.3 lbs. The demand for fresh variety is increasing worldwide, especially across the U.S. and other developed economies due to the growing demand for healthier preservatives-free food products. You have a satisfied customer. What is the breakup of the global mushroom market based on the form? Terms & Conditions | Privacy Policy | SiteMap, We use cookies, including third-party, for better services. Production of edible fungi is a growing and labor-intensive business, with staff accounting for about one-third of production costs.

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