Mushroom Market Revenue, Future Growth, Trends, Top Key Players, Business Opportunities, Industry Share, Size Analysis by Forecast 2026
The global mushroom
market is set to surge at a CAGR of 6.41% till 2026, with worldwide
mushroom consumption slated to reach 20.84 million tons (MT) during the
forecast period. Rising vegan population, especially in the developed
countries, is expected to be the key driver of the global mushroom market
growth in the forecast period. According to the Vegan Society, veganism in the
UK alone has increased by 350% since 2010. Reports released by the Canadian
Government reveals that veganism has been gaining traction in the country since
2017. These changing dietary preferences can be understood in the context of
unhealthy lifestyles including faulty food habits, increasing pollution levels,
and erratic climate changes.
Fortune
Business Insights, through its report, titled “Mushroom Market Size, Share & Industry Analysis, By Type (Button
Mushroom, Shiitake Mushroom, Oyster Mushroom, & Others), Form (Fresh
Mushroom, Frozen Mushroom, Dried Mushroom, and Canned Mushroom), and Regional
Forecast, 2019 – 2026”, brings out a comprehensive analysis of the trends,
factors, and the regional and competitive dynamics that will influence the
market during the forecast period.
Browse In-depth Summary of This Research Insight@
https://www.fortunebusinessinsights.com/industry-reports/mushroom-market-100197
Increasing Production and
Consumption of Mushrooms to Favor the Market in Asia-Pacific
With
overall mushroom consumption at 10.25 MT in 2018, Asia-Pacific is expected to
be the leading region in the global mushroom market. Being the largest mushroom
producer in the world, China is slated to dominate the mushroom market in
Asia-Pacific. Lastly, advancements in mushroom cultivation in Japan and
increasing imports in India will further bolster market growth in the region.
In North America, growth is anticipated to be steady owing to presence of major
companies and production of button mushrooms in the US. Europe is also
projected to hold a sizeable portion of the global mushroom market share as
demand for mushrooms for medicinal purposes is rising among European Union
member countries, spurring production of the fungus as a result.
Innovations and Mergers and Acquisitions to
Intensify Competition
Key players
in the global mushroom market are adopting different strategies to gain a
competitive edge in the market. One of the preferred strategies is increasing
R&D activities to develop and launch new products. For example, Monaghan
Mushrooms launched their Vitamin D Mushrooms line in August 2016 that provides
daily bodily requirement of Vitamin D in a single serving. Another move favored
by market players is acquisition of other companies. For example, Canada-based
Highline Mushrooms acquired Prairie Mushrooms in March 2018 to strengthen their
position in the region.
Fortune
Business Insights identifies some of the important participants in the global
mushroom market:
·
Monaghan Mushrooms
·
Agro Dutch Industries Ltd.
·
Ecolink Baltic
·
Weikfield Foods Pvt. Ltd.
·
Highline Mushrooms
·
Banken Champignons B.V.
·
California Mushroom Farms Inc.
·
Monterey Mushrooms, Inc.
·
Bonduelle
Mushrooms
are fruits of some kinds of fungus. They have millions of spores and are fleshy
to touch. They grow aboveground and while some are edible, others can be toxic
or poisonous.
Growing Environmental Concerns and Multiple
Health Benefits of Mushrooms to Fuel the Market
A research
study undertaken by the University of Oxford found that a global switch to
plant-based diets can bring down greenhouse gas emissions by 67%, saving almost
8 million lives by 2050 in the process. More importantly, vegetarian diets can
save up to $1.5 trillion annually in terms of healthcare costs. Mushrooms are
forming an important part of the vegetarian diet owing to their high
nutritional properties, which will grease the wheels of the global mushroom
market revenue till 2026.
Mushrooms
are a rich source of a variety of nutrients and have multiple long term health
benefits. For example, the City of Hope Medical Research Center found that
mushrooms can help fight breast and prostate cancer cells, in both animals and
humans. The Mushroom Council states that mushrooms contain large amount of
antioxidants, especially selenium, that boost the immune system and prevent
occurrence of chronic diseases in the body. Furthermore, mushrooms have low
levels of sodium and fat, making them the ideal food as recommended by the
2015-2020 Dietary Guidelines for Americans. Rising inclusion of mushrooms in
daily diets, therefore, will expand the global mushroom market size in the near
future.
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