Mushroom Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2042
The expanding agriculture industry is a major growth driver for mushroom market. With increasingly modernized agricultural practices and rising need to cultivate food for the ever-growing population, the demand for mushrooms has surged in the last few years. Mushrooms have been scientifically proven to be healthy for the human body. Not to mention, they are used in the pharmaceutical sector as well, given their ability to fight against certain disorders.
The ongoing shift from traditional farming to organic farming has also had a massive impact on mushroom industry outlook. More and more cultivators have been shifting to organic farming given the fact that it does not pollute the soil or the atmosphere and is also environment friendly. Organic mushroom cultivation in particular, has seen a massive rise in the last few years. Rising vegan population will also contribute to the expanding demand for mushrooms.
Asia Pacific is touted to be a major revenue pocket for mushroom market. This can be credited to the huge agro-based industries in the region. The increasing population and the shifting trends toward veganism will also propel APAC mushroom industry, especially from China and India. Increasing R&D activities being conducted by government entities and private parties to improve the quality of mushrooms will further contribute to the regional mushroom market growth.
Button, oyster, and shiitake mushrooms are the most common types of mushrooms. Of these button mushrooms is expected to gain extensive traction worldwide. According to a report in ‘Nutrients’ published in October 2018, white button mushrooms can make sufficient amount of vitamin D when exposed to the sun. The vitamin D – basically vitamin D2 in these mushrooms, is as effective as the vitamin D2 in supplements and will increase the vitamin D levels in blood. Thereby, increased consumption of white button mushrooms may help maintain strong bones, boost immunity, reduce inflammation, and keep the heart healthy.
The competitive landscape of the global mushroom market is inclusive of companies such as Costa Private Limited, California Farms Inc., Bonduelle Fresh, Butet, Scelta, Monterey Mushrooms, Phillips farms Inc., Tirupati Balaji Agro Private, Shanghai FINC bio tech, Kulkarni farm fresh Private limited, and British Agro. These companies have been consistently working to bring about new strategies that would enhance the adoption of mushrooms across various sectors.
For instance, a few years back, Shanghai Finc Bio-tech, a major company famous for producing specialty mushrooms, stated that it would triple the production of its specialty mushroom Shimeji and expand its distribution across various international markets.
A couple of years ago, Scelta Mushrooms expanded its business and constructed three new factories with a planned fourth in the pipeline. The increase in capacity was planned keeping in consideration the rising demand for vegetable appetizers and processed mushrooms. With the construction of all these new manufacturing plants, the company increased its total capacity to 8 state-of-the-art factories in the Netherlands.
The COVID-19 Impact
The COVID-19 has hit the world hard, with many economies experiencing a downward spiral and businesses shutting down due to nationwide lockdowns. With most manufacturing and production activities coming to a standstill, mushroom market has indeed been impacted. While small farming businesses and private mushroom growers opting for alternate means of farming such as hydroponics or aquaponics have been able to stay afloat, major mushroom businesses seem to have been negatively impacted.
However, the impact has been felt more on account of the standstill brought about in supply chain and imports and exports. It is expected that mushroom production and distribution is likely to gain pace soon enough, with the stabilization of the global economy and the restoration of normalcy.
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