Mushroom Market Size, Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2042
Mushroom market size is set to churn out optimum profit in the years to come, driven by the growing trend of health consciousness amongst people of various age groups in diverse regions. Mushrooms are deemed to be low in sodium, fat-free, low-calorie, and cholesterol-free as they are packed with vitamins, minerals, and fibers.
Worldwide outbreak of coronavirus pandemic has also triggered the consumption of mushrooms as they are highly rich in nutrition. In fact, WHO has advised adults to take proper diet rich in nutrition during these ongoing COVID times. These attributes are likely to shape up the growth curve of mushroom industry from 2021 to 2027.
Increasing vegan and vegetarian population worldwide is also likely to support the expanding dynamics of mushroom market over the stipulated time frame. This can be attributed to the mushroom’s ability to emerge as a fruitful alternative for meat. According to Deals on Health, 8% of the global population is registered to be vegetarian.
The global mushroom industry is highly characterized by different types, end-use, sales channels, and regional outlook.
Out of different types of mushrooms available in the global market, oyster mushrooms are likely to take over a considerable business share in the foreseeable time frame. This can be reasoned to their ability to provide beta-glucan, dietary fiber, and other ingredients that can help boost the immunity system and health. As per USDA figures, 1-cup serving of raw, sliced oyster mushrooms have 28 g of calories, 0.3g of fat, 5.2g carbohydrates, 0.95g of sugars, 2.9g of protein, and 15.5mg of sodium.
With regards to form, processed mushrooms, particularly frozen ones, have been gaining significant demand across various developing and developed economies. This is because these mushrooms boast of longer shelf life than the ordinary ones and are abundantly used as toppings in Italian pizza and pasta. Increased consumption of pizza is slated to have a positive impact on the growth structure of global mushroom market.
Food and Agriculture Organization (FAO) has regarded China as one of the major mushroom consumers and producers around the globe. About 7,797,929 tons of production volume per year is achieved by the country when it comes to cultivation of mushrooms. These factors are likely to help China mushroom market to secure a prominent position in the overall mushroom industry through 2027.
Favorable government initiatives for mushroom cultivation training by various governments and other regulatory authorities around the world is also propelling the market dynamics. For instance, the ICAR-Directorate of Mushroom Research in Solan district of Himachal Pradesh, Dr. VP Sharma, had in 2021 announced introducing a six-day virtual training on mushroom cultivation technology.
Based on the distribution channel, online delivery segment across mushroom market would project appreciable gains over the foreseeable time frame fueled by the consumer’s rising inclination towards e-commerce platforms for delivery of vegetables and fruits. Not to mention, the outbreak of COVID-19 has also substantially ramped up the online sales channel statistics for mushroom market as various brick-and-mortar stores switched to digital spaces.
The global mushroom industry is highly concentrated and boasts of the presence of some leading players including Costa Private Limited, Bonduelle Fresh Americas, Scelta Mushrooms BV, South Mill Champs, California Mushroom Farms, Inc., Tirupati Balaji Agro Products Pvt. Ltd., Shanghai FINC Bio Tech, Monaghan Mushrooms, The Mushroom Company, and British Agro Products. These companies have been focusing on establishing positive growth strategies like mergers and acquisitions, product diversification, facility expansion, and others to score an edge over the rivals in the overall industry.
In January 2021, South Mill Champs, one of the high-quality mushroom growers in America had announced acquisition of The Mushroom Company to expand its mushroom producing capabilities.
Also, in 2018, Scelta Mushrooms BV had declared receiving validation from EFSA for producing its first vitamin D enriched mushrooms to the global markets. It was reported that the group had planned to commence scaling the production of novel mushrooms at its then constructed facility in Vento.
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