Mushroom Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Mushroom Market covers analysis by Type (Button Mushroom, Shiitake Mushroom, Oyster Mushroom, and Others), Category (Organic and Conventional), and Application (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00003983
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 124
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The mushroom market size is expected to grow from US$ 13.67 billion in 2022 to US$ 19.63 billion by 2028; it is estimated to record a CAGR of 6.2% from 2022 to 2031.

Edible mushrooms are the fleshy and edible fruiting bodies of several species of macro fungi. Mushrooms are cultivated majorly in China, the US, the Netherlands, France, and Poland. White mushrooms, cremini mushrooms, shiitake mushrooms, oyster mushrooms, enoki mushrooms, chanterelle mushrooms, porcini mushrooms, portobello mushrooms, and brown mushrooms are commonly consumed mushroom types globally. Mushrooms are also high in antioxidants such as selenium and glutathione. In addition, they contain high levels of vitamins B and D, phosphorus, magnesium, calcium, and potassium.

In 2021, Asia Pacific held the largest share of the mushroom market; however, Europe is estimated to register the highest CAGR during the forecast period. The market growth in the region is attributed to consumer inclination toward the consumption of nutrition-rich food, and increasing medicinal use of mushrooms owing to their antibiotic properties. They have also been studied for their synergistic effects with anticancer drugs. The compounds or substances extracted from mushrooms can be utilized in immunosuppressants, cholesterol inhibitors, and psychotropic drugs. Asia Pacific is the largest producer of mushrooms, with countries such as China, Japan, India, Thailand, the Philippines, and Indonesia being prime contributors to the regional production volumes. Government initiatives to promote mushroom production also favor the growth of the market in this region. Asia Pacific Edible Mushroom Training Center located in Fuzhou is heavily engaged in research studies, development, and international technology training. It also engages in exchange, and economic and trade cooperation on edible mushrooms, in turn, promoting the industrialization and internationalization of edible mushrooms.

Strategic Insights

Impact of COVID-19 Pandemic on Mushroom Market

Lockdown impositions, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA). The social and commercial restrictions subsequently resulted in disruptions in supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. However, the demand for mushrooms increased owing to increasing consumer preference for plant-based food and rising awareness regarding the health benefits of mushrooms. Thus, the discontinuation of manufacturing activities and the rise in demand led to a demand and supply gap. In 2020, various businesses announced possible delays in mushroom consignments and projected a slump in future sales. Further, bans imposed by governments of various countries in Europe, Asia Pacific, and North America on international travel forced several companies to discontinue their collaboration and partnership plans.

Mushroom Market Breakdown, by Region

Mushroom Market Breakdown, by RegionMarket Insights

Strategic Developments by Key Players to Drive Mushroom Market During Forecast Period

Product innovation, plant capacity expansion, and mergers & acquisitions are among the key strategies implemented by mushroom manufacturers to strengthen their market positions and expand their customer base. For instance, Big Mountain Foods, announced its partnership with Sprouts Farmers Market, a leader in gut-healthy foods, to launch the first Lion’s Mane mushroom product line across North America. Therefore, continued strategic developments by market players are expected to provide immense opportunities to the mushroom market during the forecast period.

Type Insights

Based on type, the mushroom market is segmented into button mushroom, shiitake mushroom, oyster mushroom, and others. The button mushroom segment held the largest market share in 2021, and the shiitake mushroom segment is expected to register the highest CAGR from 2022 to 2031. Button mushroom is largely cultivated mushroom globally due to lower incubation time taken by their spores. In addition, the lower cost of button mushrooms than other types and numerous nutritional benefits favor the market growth for this segment.

Mushroom Market, by Type – 2022 to 2031

Mushroom Market, by Type – 2022 to 2031Category Insights

Based on category, the mushroom market is segmented into organic and conventional. The conventional segment held a larger market share in 2021. However, the organic segment is projected to register a higher CAGR during the forecast period. Variety of mushroom are grown conventionally in various countries using chemical fertilizers and pesticides. These category uses genetically modified organisms, which ensures the consistent crop yield. However, with the growing popularity of organic products because of their high quality and sustainability, the preference for conventional products may reduce in the coming years. However, local food manufacturers may continue to use conventional mushrooms owing to their affordability and availability.

Giorgio Fresh Co.; B and G FOODS INC; Banken Champignons B.V.; Monterey Mushrooms, LLC; Woodstock Foods; Bonduelle SA; Monaghan Group; WALSH MUSHROOMS GROUP; Smithy Mushrooms; and Bluff City Fungi are among the major players operating in the mushroom market. These companies mainly focus on product innovation to expand their market size and follow emerging market trends. Such products are expected to gain high traction among consumers during the forecast period.

Report Spotlights

  • Progressive industry trends in the mushroom market to help companies develop effective long-term strategies
  • Business growth strategies adopted by the market players in developed and developing countries
  • Quantitative analysis of the market from 2022 to 2031
  • Estimation of global demand for mushrooms
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the mushroom market
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, and market drivers and restraints
  • Assistance in the decision-making process by highlighting strategies of mushroom market players
  • Size of the mushroom market at various nodes
  • Detailed overview and segmentation of the market, as well as the mushroom industry dynamics
  • Size of the mushroom market in various regions with promising growth opportunities

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REGIONAL FRAMEWORK
World Geography
Strategic Insights

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MARKET PLAYERS
food-and-beverages
Research Criteria
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Category, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Frequently Asked Questions


By type, which was the leading type to hold the largest share in the market and by what CAGR?

Ans. The leading type of mushroom is the button mushroom that has noted to grow at a significant CAGR. Button Mushroom also known as table mushrooms, common mushrooms, Champignon de Paris, and Cultivated mushrooms is one of the most popular mushroom variety grown and consumed globally. Cultivation of button mushrooms was started in the sixteenth century by the Europeans. White button mushroom on a large scale is produced in central Europe (mainly western part), North America (USA, Canada) and S.E. Asia (China, Korea, Indonesia, Taiwan, and India). These white button mushrooms are traded as the fresh mushrooms for canning purposes and also is used to make soups, sauces and other food products. Protein in mushrooms is very high which helps for digestibility and contains all the essential amino acids. It also has medicinal properties, a high amount of retene is present in the button mushroom which is supposed to have an antagonistic effect on some forms of tumors. In Egypt, they were valued for the belief of giving the consumer special powers or eternal life. In France, the white button mushrooms were cultivated in the catacombs and White button mushrooms are still cultured underground in Western France today. In addition to cultural folklore, the mushrooms were used in traditional Chinese medicine to help regulate the body’s energy and to provide additional antioxidants to promote overall health and well-being.

Which was the region to account the largest share for the mushroom market?

Ans. The Asia Pacific region led the mushroom market with the highest market share in 2018. The continuous economic growth in developed and developing countries like India and China, coupled with the presence of huge disposable incomes with individuals in countries like Japan and Australia, has facilitated the rapid growth of the automotive industry in this region. China is the largest producer of mushrooms in the APAC region. The production in the region is mostly devoured by the change in eating habit of consumers and medicinal use of mushrooms since it includes antibiotics, anti-cancer drugs, cholesterol inhibitors, psychotropic drugs, an immunosuppressant. The Asia Pacific region is also the quickest increasing local market for mushrooms.

What is the major driving factor to favor the mushroom market all over the globe?

Ans. Growing demand for mushrooms is a major breakthrough in the food industry. Mushrooms have been used as food by mankind since time age-old times after collecting from the forests. However, mushrooms could not be domesticated due to its complex nature. Nevertheless, China was the first ones to do the artificial cultivation of the tropical and subtropical mushrooms about thousand years ago but the real commercial ventures started when the Europeans started cultivation in greenhouses and caves during 16th and 17th century.

The List of Companies

  1. CMP Mushrooms
  2. Costa Group
  3. Gourmet Mushrooms, Inc.
  4. Monterey Mushrooms, Inc.
  5. The Mushroom Company
  6. Monaghan Mushrooms
  7. Okechamp SA
  8. Scelta Mushrooms B.V.
  9. Greenyard
  10. Giorgio Fresh Co.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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