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Latest market study on “Global Mushroom Market to 2027 – Analysis and Forecasts by Type (Button Mushroom, Shiitake Mushroom, Oyster Mushroom, Others); Form (Fresh Mushroom, Processed Mushroom); Application (Food Processing Industry, Retail Outlets, Food Services, Others); and Geography”, The global Mushroom market is accounted to US$ 38,665.0 Mn in 2018 and is expected to grow at a CAGR of 6.3% during the forecast period 2019 – 2027, to account to US$ 66,195.0 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The global Mushroom market, by type, has been segmented into button mushroom, shiitake mushroom, oyster mushroom, and others. The button mushroom segment dominated the global Mushroom market in 2018. Moreover, the shiitake mushroom segment is anticipated to grow at a faster pace over the projected period. The multiple health benefits of shiitake mushroom has favored its demand in the global market on a large scale after the button mushrooms, which is expected to drive the market in the forecast period.

Companies such as The Mushroom Company, Monterey Mushrooms, Inc., Gourmet Mushrooms, Inc., Scelta Mushrooms, and Monaghan Mushrooms have been implementing various strategies that have helped the growth of the company and in turn, have brought about various changes in the market. Mergers and acquisitions and product launches are some market initiatives which have been a few of the activities undertaken by these companies to expand their market shares. Strategies such as product launch and mergers and acquisitions have helped them grow their business. Few of the recent developments in the global mushroom market are listed below:

Impact of COVID-19 Pandemic on Mushroom Market

The COVID-19 pandemic has negatively impacted various industries due to lockdowns, travel bans, the shutdown of manufacturing units, and supply shortages. The food and beverage industry faced operational difficulties caused by disruption of supply chains, labor shortage, and shortage in raw material supply. Moreover, the prices of Mushroom got significantly dropped as there was a decline in demand from various industries, such as food and beverage and personal care. This factor also affected the profitability of the market players and the farmers engaged in cultivating Mushroom. Thus, the COVID-19 pandemic substantially affected the global Mushroom market’s growth. However, as the governments of various countries introduced relaxation in the restrictions and rising vaccination rates, the food and beverage industry is recovering from its losses. The demand for Mushroom is projected to grow over the forecast period.

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Mushroom are among those plant-based foods which help the human body to avoid obesity, heart disease, and mortality in general. It is rich in fiber, selenium, choline, Vitamin D, Vitamin C, Vitamin B, and among others. The market for mushrooms is projected to grow significantly across the globe in the upcoming years. The growth of this market is majorly going to be triggered by factors such as rise in the consumption the product and growing awareness about health and wellness. Mushrooms are also high in antioxidants like selenium and glutathione, or GSH, substances believed to protect cells from damage and reduce chronic disease and inflammation. In addition to that, mushrooms are the richest dietary source of another antioxidant called ergothioneine, or ERGO. Due to these nutritive properties edible mushrooms are quite popular among the consumer globally, which is further driving the market for mushrooms.

Based on the type, the global mushroom markethas been segmented into Button mushroom, Shiitake mushroom, Oyster mushroom and the others. Others segment include Chanterelle Mushrooms, Porcini Mushrooms, Hedgehog Mushrooms, Chicken of The Woods Mushrooms, Black Trumpet Mushrooms and many others edible mushrooms. Among these the button mushroom held largest i.e. 37% share of global market. Button mushroom also known as table mushrooms, common mushrooms, champignon de paris and cultivated mushrooms. It is one of the most popular mushroom variety grown and consumed globally. It is sold as fresh mushroom or is canned and used into soups, sauces and other food products. It also has a high amount of retene which is supposed to have an antagonistic effect on some forms of tumours. It is also helps to regulate the body’s energy and to provide additional antioxidants to promote overall health and well-being. Wide use in food applications due to high nutritional value has driven the growth of button mushrooms during the forecast period.

The global mushroom market by form has been segmented into fresh and processed. Among these processed mushroom segment is expected to grow at a higher CAGR of 6.8% during the forecast period. Due to the short life span of fresh mushroom, they are processed directly after harvest in order to maintain their supply to consumers throughout the year. The mushroom food processing industry provides a wide range of canned and processed mushroom products including frozen, dried, sterilized, marinated, pickled, salted mushroom, powdered and paste forms as well. The growing demand of products like mushroom-based biscuits, nuggets, preserve, noodles, papad, candies and readymade mushroom curry in retort pouches has increased the demand for processed mushrooms in recent years. Moreover, enhanced post-harvest practices for the storage and processing of the mushrooms including value-addition, readymade or ready-to-make products will add to the returns to the growers as well as processors.

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