Edible Mushrooms Market Scope
Metrics |
Details |
Market CAGR |
7.9% |
Segments Covered |
By Type, By Distribution Channel, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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Edible Mushrooms Market is expected to grow at a high CAGR of 7.9% during the forecasting period (2022-2029). Edible Mushrooms are currently one of the highly-valued horticultural crops grown in the United States. Edible mushrooms are fat- and cholesterol-free, low-sodium food, rich in essential nutrients, and antioxidants. The rapid shift in culinary practices across the globe and growing demand from health-conscious customers towards fat- and cholesterol-free products are contributing to the growth in sales of edible mushrooms globally during the forecast period. Improvements in mushroom production and harvesting technologies have resulted in greater yields, and advancements in packaging and transportation resulted in increased product quality and distribution worldwide.
Market Dynamics:
The increasing shift in culinary practices across communities towards fat-, cholesterol-free foods, is a major factor driving the global edible mushroom market. Increasing awareness among the communities towards the health-related advantages associated with the consumption of edible mushrooms is additionally contributing to the growth of the edible mushrooms market globally during the forecast period. According to the research published by National Cancer Institute, the antioxidant content in mushrooms has the potential the prevention of lung, prostate, breast, and other types of cancer. An increasing shift in dietary habits among the communities towards a healthy diet to overcome urban unhealthy lifestyles is contributing to the increased consumption of edible mushrooms. Additionally, the increasing adoption of western cuisine among the communities in developing nations is contributing to the growth of edible mushrooms globally during the forecast period.
However, high volatility in prices of raw material required for the production of edible mushrooms, and increasing agricultural labor wages are major factors hindering the growth of edible mushrooms production and sales globally during the forecast period.
Market Segmentation
The global edible mushrooms market is segmented based on product into button mushrooms, chanterelle mushrooms, cremini mushrooms, shiitake mushrooms, oyster mushrooms, and others.
Shiitake mushroom is the fastest-growing segment in the global edible mushroom market owing to its high consuming nature due to its varied physical and economical parameters including chewy texture, aromatic flavor, low fat, and fiber in these mushrooms that supports colon health. These mushrooms are frequently grown across small-scale farmers with natural logs due to their minimal investment and high economical nature. Shiitake mushroom is also used for boosting the immune system, HIV/AIDS, lowering blood cholesterol levels, hardening of the arteries, diabetes, eczema, colds, and flu, treating prostate or breast cancer, and as an anti-aging agent. It is majorly grown in the United States, Japan, China, Taiwan, and Korea.
Geographical Presentation
By region, the global edible mushrooms market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.
North America is dominating the global edible mushrooms market owing to the high presence of production of edible mushrooms and increasing penetration of edible mushrooms as a major ingredient in their cuisine. According to Pennsylvania’s Agricultural Development Council, Chester’s County 61 farms accounted for 47% of total United States mushroom production. Currently, more than 850 million pounds of mushrooms are being produced in the United States. Shiitake and Oyster mushrooms are two major specialty mushrooms grown in the United States. Increasing the raw material cost required for the production of raw materials and depleting the availability of labor resources are major factors contributing to the declining trend in the production of edible mushrooms across the region. The above factors led the United States to depend on the imports of edible mushrooms from countries such as India, and China,
Competitive Analysis
The global edible mushrooms market is fragmented with the presence of a huge number of private firms operating in the production and marketing of edible mushrooms. The global market is currently driven by direct sales through the respective company’s e-commerce sites. The global edible mushrooms market is experiencing new e-commerce site additions across the grower’s sites to increase the direct sales of their products.
Some of the key players in the global edible mushrooms market include The Mushroom Company, Monaghan Mushrooms, Bonduelle Group, OKECHAMP S.A., Greenyard, are among many others.
**The global edible mushrooms report will provide access to approximately 61 market data tables, 55 figures, and 180 pages.
What is the Projected CAGR value of the Edible Mushrooms Market?
Edible Mushrooms Market is expected to grow at a CAGR of 7.9% during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls the Edible Mushrooms Market during 2022-2029.
Which is the fastest growing region in the Edible Mushrooms Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.