Mushroom Market Size, Share, Trends, Growth Factors, Opportunities and Rapid Growth by 2027
The global mushroom market is expected to reach 20.84 million tons by 2026 while exhibiting a CAGR of 6.41% during the foreseeable future. This information is published by Fortune Business Insights™ in its report "Mushroom Market, 2019 - 2026 ". The report further observes that the market stood at 12.74 million tons in 2018. The conclusions by various research support the fact that consumption of the product help in boosting immunity, enhancement of overall health, gaining nutrition, weight management, and others. They have also been associated with reducing the risk of certain diseases, especially cancer of the prostate gland.
COVID-19 Impact
Anti-Inflammatory Property
to Boost Product Demand
The pandemic resulted in various logistical
issues. The availability of transport was erratic due to lockdown restrictions.
The Scandinavian Foundation for Immunology conducted research in 2021 on the
prophylactic or therapeutic effect against COVID-19 and its pneumonic
superinfection and complicating inflammation. The conclusion was that certain
fungus with their anti-inflammatory might be suitable for treatment post
COVID-19 infection. Search research is expected to boost the market even in a
pandemic situation.
Market Segmentation
Based on type, the market is segmented into
button, shiitake, oyster, and others. According to Polish Economic Institute,
Poland is the largest producer of the button type and accounts for more than
50% of European Union's exports. Based on form, the market is segregated into
fresh, frozen, dried, and canned. The market region is across North America,
Europe, Asia Pacific, South America, and the Middle East & Africa.
What Does the Report
Contain?
The report has an elaborate analysis of the
market dynamics and competitive landscape. The details of various mergers and
acquisitions affecting the market are enlisted for the client's requirement.
The positive and negative aspects of the trade are mentioned in the report to
facilitate well-informed decision-making by the client. The regulatory
scenarios of various prominent economies are also mentioned along with future
industry trends.
Driving Factor
Increasing Adoption of
Vegan Diet to Propel Market Growth
This high demand can be attributed to the shift
of consumption pattern from meat and dairy products to veganism. These fungi
are consumed in high volume by vegans as a replacement for high protein meat.
The growing investment in the research and development is expected to favor the
global mushroom market growth. For instance, Guizhou Bright Lingang Jotoku
Bio-tech, automated their harvesting process in 2021 and raised their
efficiency to produce 230 metric tons per 15 hectares. Owing to its
anti-inflammatory property, coupled with immunity-boosting quality, the demand
for the product is expected to surge during the forecast period.
Regional Insights
Growing Preference
for Exotic Food Products in Asia Pacific to Aid Growth
Asia Pacific is expected to hold a substantial
mushroom market share in the foreseeable future. The consumption of exotic food
products in countries like India, China, and Japan is expected to bode well for
the demand for the product.
Europe is expected to showcase considerable
growth due to the increasing number of health-conscious consumers. The demand
for the product in this region is primarily for two reasons. The medicinal uses
and nutritional gains of this product are several which has resulted in the
tremendous growth of this fungus.
Competitive Landscape
Market Players Improve
Distribution Channels to Expand Their Business Horizons
The producers of this market consist of both
large-scale and small-scale producers. The products available in the
Hypermarket/supermarkets are mostly produced by the large-scale producer while
the local grocery stores buy their stock from local farmers. Certain regions
across the globe are facing issues with distribution channels which are market
efficiency that can be explored by the new entrants. Moreover, investment in
the uses of the fungus is expected to rapidly gain profits.
Industry Development:
May 2021: Denis
Vidmar recently introduced Porcini variety at his store Magical Mushroom Hub.
This variety is highly sought after for its properties and costs about USD 50
for a pound.
Browse Detailed Summary of
Research Report with TOC:
https://www.fortunebusinessinsights.com/industry-reports/mushroom-market-100197
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