Due to a growing trend in plant-based diet adoption, the mushroom market is on the rise.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Sept. 26, 2024 (GLOBE NEWSWIRE) — The mushroom industry (버섯 산업) was worth US$64.6 billion in 2023. A CAGR of 8.4% is predicted between 2024 and 2032 and is expected to reach US$ 133.5 billion. A mushroom extract may offer unique therapeutic benefits by enhancing synaptic plasticity.
Research and studies are expected to increase mushroom demand in the market. In collaboration with the Department of Botany at the University of Calicut, ICAR-Central Plantation Crops Research Institute (CPCRI), Vittal, and Kasaragod, scientists have discovered a new edible mushroom, coprinopsis cinerea, which grows naturally on arecanut husks.
A team from ICAR-CPCRI Kasargod has discovered this new species through morphological and multi-gene molecular investigation. Market prices could rise if mushrooms prove to be medicinally valuable.
According to a recent study, psilocybin-containing mushroom extract has a more robust and long-lasting impact on synaptic plasticity than its synthetic equivalent. This study demonstrates how naturally occurring psychedelic substances have the potential to transform the way mental illnesses are treated completely.
For More Details, Request for a Sample of this Research Report: https://www.transparencymarketresearch.com/mushroom-market.html
This study creates new opportunities for novel, nature-based psychiatric treatments because of the concerning data showing that a sizable portion of patients are not responsive to current drugs.
Key Findings of the Market Report
- Based on form, the processed mushroom is predicted to create a market for mushrooms.
- Increasing health benefits are expected to drive button mushroom demand.
- Retail outlets are expected to increase mushroom sales in the coming years.
- In terms of production, China accounts for 75.0% of mushroom production worldwide.
- A significant share of the global mushroom market was held by Asia Pacific in 2022.
Global Mushroom Market: Growth Drivers
- Increasing consumer awareness of mushrooms’ health benefits, including nutritional value, low calories, and possible medical uses, has increased consumer demand. As a result, mushrooms have become increasingly popular among vegetarians and vegans as meat alternatives.
- Specialty mushroom varieties have become increasingly popular owing to their versatility and growing popularity in gourmet cooking. Due to their smaller environmental impact, mushrooms are frequently considered a more sustainable meat source than beef. As a result, mushrooms are becoming more popular as an environmentally friendly food option.
- Technological advancements in mushroom growing, like vertical farming and controlled environment agriculture (CEA), have boosted productivity and reduced expenses, fostering market expansion. Various mushroom species, including shiitake, reishi, and lion’s mane, have shown therapeutic benefits, expanding the market for mushroom-based nutraceuticals and supplements.
- Processed mushroom products such as dried, frozen, and canned mushrooms have become more popular over the years due to their convenience and longer shelf life.
- Modifications to laws about agricultural techniques, food safety, and labeling may affect the mushroom industry through changes to production costs, market accessibility, and customer preferences.
Global Mushroom Market: Regional Landscape
- Many Asian cultures have used mushrooms both for culinary purposes and medicinal purposes for thousands of years. Fresh and processed mushrooms are in high demand since many traditional dishes incorporate different mushroom varieties.
- Developing nations like India, China, and Indonesia are experiencing rapid population growth and urbanization, making mushrooms an increasingly popular food option. Market growth is primarily driven by higher disposable incomes in the region, which allow consumers to purchase more premium and specialty types of mushrooms.
- The increased demand for natural and functional foods like mushrooms, which are thought to be nutrient-dense and health-promoting, is a result of rising health and wellness consciousness.
- The Asia Pacific is seeing a rise in the use of innovative mushroom cultivation techniques, such as controlled environment agriculture and indoor farming, which is increasing yields and efficiency.
- Several Asia Pacific nations, including China and Japan, are significant exporters of mushrooms to outside markets, capitalizing on the increasing demand for Asian mushroom species worldwide. By offering incentives for cultivation and distribution, government programs that encourage small-scale farming, advance agriculture, and guarantee food security can affect the mushroom sector.
Global Mushroom Market: Competitive Landscape
Leading mushroom producers invest a lot in developing advanced cultivation techniques to meet the increasing demand from lucrative pharmaceuticals, cosmetics, and food industries.
The key players in the mushroom industry employ various strategies to maintain a stronghold, such as mergers & acquisitions, regional expansion, outsourcing, and research collaborations.
Key Players Profiled
- Costa Group
- Bonduelle SA
- Greenyard NV
- Monterey Mushrooms Inc.
- Monaghan Mushrooms
- Okechamp S.A.
- The Mushroom Company
- Drinkwater’s Mushroom Limited
- Shanghai Finc Bio-Tech Inc.
- CMP Mushrooms
Key Developments
- In February 2024, Costa Group completed a major milestone in its 120-year history by changing ownership. As a result of its delisting from the Australian Securities Exchange (ASX) earlier this month, the company has begun its transition to the new exchange.
- Paine Schwartz Partners, Driscoll’s and British Columbia Investment Management Corporation unanimously approved the offer of AUD 3.20 per share from Costa Group shareholders.
For Complete Report Details, Request Sample Copy from Here – https://www.transparencymarketresearch.com/mushroom-market.html
Global Mushroom Market: Segmentation
Form
- Fresh Mushroom
- Processed Mushroom
- Dried Mushroom
- Frozen Mushroom
- Canned Mushroom
- Others
Type
- Button Mushroom
- Shiitake Mushroom
- Oyster Mushroom
- Others
End Use
- Food Processing Industry
- Retail Outlets
- Food Services
Region
- North America
- Latin America
- Eastern Europe
- Western Europe
- Middle East & Africa
- South Asia
- East Asia
- Oceania
More Trending Reports by Transparency Market Research –
Biscuits Market (ビスケットマーケット) – The global biscuits Market is projected to advance at a CAGR of 5.1% from 2024 to 2032.
Beef Extract Market (سوق استخراج لحوم البقر) – The global Beef Extract Market is projected to expand at a CAGR of 7.6% during the forecast period from 2023 to 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
- CORRECTION – Mersana Therapeutics Provides Business Update and Announces First Quarter 2025 Financial Results - May 15, 2025
- Beztak Recognized as a US Best Managed Company andNational Multifamily Housing Council 2025 Top 50 Managers - May 15, 2025
- BranchOut Food Reports Record $3.2M in Q1 Revenue Following Peru Factory Ramp-Up, National Retail Expansion, and $5–6M Ingredient Channel Partnership - May 15, 2025
