The global mushroom market was valued at USD 50.3 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2030. The increasing demand for protein-rich diets among the vegan population worldwide is expected to drive the market during this period. Mushrooms are recognized as a superfood due to their abundant nutritional content, including selenium, vitamin D, glutathione, and ergothioneine. These nutrients help combat oxidative stress and reduce the risk of chronic conditions like cancer, heart disease, and dementia. Additionally, mushrooms provide a rich umami flavor, allowing consumers to reduce their salt intake by 30-40% in mushroom-based meals, thereby promoting better health.
Button Mushroom Holds the Majority Share in the Global Mushroom Market
In terms of volume, the button mushroom segment accounted for over 60% of the global mushroom market in 2021. This segment is expected to continue its growth trajectory with a projected CAGR of 8.9% over the forecast period. Button mushrooms are widely cultivated worldwide due to their abundant nutritional benefits and shorter spore incubation time compared to other varieties. Moreover, their competitive advantage lies in their lower cost, which contributes to their dominance in the market.
On the other hand, shiitake mushrooms are renowned for their deep savory flavors and numerous health advantages, making them one of the popular varieties across the globe. They are available in both fresh and processed forms, with dried shiitake mushrooms being particularly favored for their umami quality.
Analysis of Mushroom Market by Form
The fresh mushroom segment is expected to maintain its dominant position in the global mushroom market. In 2021, it accounted for over 89.5% of the total revenue. The increasing consumer preference for organic and unprocessed food, aiming to maximize the health benefits of mushrooms, has driven significant growth in demand for fresh mushrooms. However, the short shelf life of fresh mushrooms poses challenges in their distribution for producers and distributors. Nevertheless, advancements in technology, such as the use of modified environment packaging, have helped mitigate these obstacles and support the expansion of the fresh mushroom segment.
In conclusion, the global mushroom market exhibits a diverse landscape with various mushroom types and forms. Button mushrooms claim the largest market share due to their nutritional benefits and cost advantages. Meanwhile, shiitake mushrooms captivate consumers with their distinctive flavors and health benefits. The fresh mushroom segment remains dominant, driven by the growing demand for organic and unprocessed food. Technological innovations continue to play a crucial role in overcoming distribution challenges associated with the short shelf life of fresh mushrooms. Stay informed about these market trends and regional insights in North America, Europe, Asia-Pacific, South America, and MEA.
Companies & Market Share
In developed regions, key players in the market are placing increasing emphasis on sustainable production practices to attract environmentally conscious customers and enhance their brand position. A notable example is Monaghan Mushrooms, which has set a target to transition to reusable and recyclable packaging by 2025, demonstrating their commitment to sustainability throughout their business operations. As a result, sustainability, spanning from compost preparation and cultivation to packaging, is expected to become a significant factor shaping the market in the upcoming years. The following companies are among the key players operating in the mushroom market:
- Bonduelle Group
- Costa Group
- CMP Mushroom
- Drinkwater Mushrooms
- Greenyard
- Monaghan Group
- Monterey Mushroom, Inc.
- OKECHAMP S.A.
- Shanghai Fengke Biological Technology Co., Ltd
- The Mushroom Company
What is the global market size of Mushroom Market?
Global Mushroom Market size was valued at USD 50.3 billion in 2021 and is poised to grow from USD 55.18 billion in 2022 to USD 126.95 billion by 2030, growing at a CAGR of 9.7% in the forecast period (2023-2030).
What is the key market trend for Global Mushroom Market?
Mushrooms are abundant in antioxidants, polyphenolics, terpenoids, selenium, polysaccharides, and vitamins, all of which possess remarkable antioxidant properties, anti-aging effects, wrinkle reduction capabilities, as well as skin brightening and moisturizing benefits.
What are the factors driving the mushroom market?
There is an increasing awareness among consumers about the nutritional benefits and health advantages of mushrooms. Mushrooms are recognized for their rich content of vitamins, minerals, antioxidants, and other bioactive compounds.
Which segment accounted for the largest mushroom market share?
The Asia Pacific region held the largest market share in the mushroom industry, accounting for 78.6% of the revenue in 2021. This dominance can be attributed to the region’s significant production capacity and the presence of a substantial consumer base, particularly in countries like China and India.