Mushroom Market Size & Share 2024 to 2032
Market Size by Type (Button Mushrooms, Shiitake Mushrooms, Oyster Mushrooms, Matsutake Mushrooms, Truffles Mushrooms), Application (Food and Beverages, Cosmetics, Pharmaceutical), Form, Distribution Channel & Global Forecast.
Report ID: GMI7027
|
Published Date: October 2023
|
Report Format: PDF
Download Free PDF
Authors:
Kiran Pulidindi, Kunal Ahuja
Mushroom Market Size
Mushroom Market was valued at 58.2 billion in 2023 and it is estimated to register a CAGR of over 6.7% between 2024 and 2032. The trend toward plant-based diets and sustainable food sources has also played a pivotal role in the market's expansion.
Mushroom Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Mushrooms are a versatile and sustainable source of protein for vegetarians and vegans, and they can be cultivated with relatively low environmental impact. This aligns with the growing consumer preference for eco-friendly and ethical food choices. In addition, advancements in mushroom cultivation techniques, including controlled environment farming and genetic engineering, have increased production efficiency and expanded the variety of mushroom species available year-round. These innovations have made mushrooms more accessible and affordable for consumers, driving the market's growth.
The primary challenges are the limited shelf life of fresh mushrooms. Mushrooms are highly perishable, and their short shelf life can lead to food waste and logistical difficulties in distribution, which can be costly for producers and retailers.
COVID-19 Impact
Covid 19 had significant impact on the market. The perishable nature of mushrooms made it challenging to adapt to sudden changes in demand, leading to some supply chain disruptions and potential food waste. Farmers and distributors faced difficulties in transporting and distributing fresh mushrooms to consumers and businesses during lockdowns. However, the mushroom market also demonstrated resilience and adaptability during the pandemic.
As consumers became more health-conscious and sought immune-boosting foods, there was a surge in demand for mushrooms due to their nutritional benefits. This trend benefited mushroom producers and retailers that were able to pivot to meet the growing demand for fresh and packaged mushrooms, particularly those marketed for their immune-boosting properties.
Mushroom Market Trends
Sustainability remains a critical trend in the food industry, and mushrooms are seen as a sustainable protein source. Mushroom cultivation typically requires less land and water compared to traditional livestock farming, making them an environmentally friendly option. This sustainability aspect is resonating with eco-conscious consumers and contributing to the market's demand.
Mushroom Market Analysis
Based on product type, the button mushroom segment dominated around USD 38.2 billion revenue in 2022. Button mushroom are re one of the most widely consumed and recognized mushroom varieties globally. Their mild flavor and versatile culinary applications make them a staple ingredient in a wide range of dishes, from salads to stir-fries and pizzas. This familiarity and versatility have contributed to their consistent demand and growth in the market.
Based on form, the fresh mushroom market held over 83.7% of revenue share in 2022, as fresh mushrooms are favored by chefs and home cooks alike for their versatility in various cuisines. They can be used in a wide range of dishes, from salads and stir-fries to soups and pasta sauces, adding depth of flavor and a unique texture. This culinary adaptability has led to an increased demand for fresh mushrooms in the foodservice industry and among consumers experimenting with new recipes at home.
Based on application, food and beverages segment accounted for 79.6% of the mushroom market share in 2022. Mushrooms can be incorporated into various dishes, including soups, stir-fries, and even meat substitutes for vegetarians and vegans. This adaptability has made mushrooms a favourite among chefs and home cooks alike, further boosting their demand in the food industry.
Based on distribution channel, hypermarket and supermarket segment recorded 37.9% of the market share in 2022, as these large retail outlets offer a wide variety of products under one roof, making them convenient shopping destinations for consumers seeking mushrooms and related products. Shoppers can find fresh and packaged mushrooms, mushroom-based processed foods, and other ingredients needed to create mushroom-based dishes, all in one place.
The Asia pacific mushroom market size reached USD 24 billion in 2022, attributed to growing awareness of the health benefits associated with mushroom consumption. Mushrooms are rich in nutrients, low in calories, and contain various bioactive compounds that have been linked to improved immunity, reduced inflammation, and potential anti-cancer properties. As the consumers become more health-conscious, the demand for nutritious foods like mushrooms has risen. In addition, Mushrooms are a versatile ingredient used in a wide range of Asian cuisines. They are a staple in dishes like stir-fries, soups, and hot pots. As the popularity of Asian cuisine continues to grow globally, so does the demand for mushrooms, particularly in the Asia-Pacific region.
Mushroom Market Share
Major companies operating in the mushroom industry includes:
The companies are undergoing various strategic initiatives such as mergers and acquisitions, partnerships, and new product launches.
The Bonduelle Group is a global food processing company specializing in ready-to-eat vegetables and vegetable-based products. The company offers a wide range of products, including canned vegetables, frozen vegetables, fresh-cut salads, and other convenience foods. They offer both branded and private-label products. The company places a strong emphasis on innovation in the food sector. They continually develop new products and packaging solutions to meet changing consumer preferences and dietary trends.
Mushroom Industry News
The mushroom market research report includes in-depth coverage of the industry with estimates & forecast in terms of transactional value (USD Billion) and transactional volume (Kilo Tones) from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Type
Market, By Form
Market, By Application
Market, By Distribution Channel
The above information has been provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →