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. 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.
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).
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The Global Mushroom Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
Companies profiled in the global Mushroom market:
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
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
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)
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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