Global Mushroom Cultivation Market Size to Reach USD 26.55 Billion in 2032 | Emergen Research
Increasing vegan consumer base and rising preference for more healthy and organic food products are some key factors expected to boost revenue growth of the global mushroom cultivation market
Vancouver, Nov. 02, 2023 (GLOBE NEWSWIRE) —
The global mushroom cultivation market size is expected to reach USD 26.55Billion in 2032 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Global mushroom market growth is expected to continue to incline steadily due to factors such as increasing demand for mushrooms due to various nutritional properties, cost-effectiveness of mushroom production, and growing preference for vegan food products. Increasing demand for organic food products owing to medicinal properties and growing adoption of healthier and more vegan diets globally are some other factors boosting demand for mushrooms and hence mushroom cultivation.
Mushrooms may be classified as vegetables, but are technically fungi. Mushrooms are low in calories, have no fat and cholesterol, and are very low in sodium. Mushrooms are also rich in nutrients, vitamin D, potassium, selenium, and antioxidants. This makes mushrooms highly beneficial for skin, cancer recovery, and heart diseases. Vegan consumers consider mushrooms as a substitute for meat products. Rising demand for food with low fat is expected to drive revenue growth of the global mushroom cultivation market going ahead. Governments in various developing countries are investing in mushroom production and cultivation processes in order to generate high revenue through the export of high-quality mushrooms.
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Scope of Research
|Market size value in 2020||USD 16.65 Billion|
|Revenue forecast in 2028||USD 26.55 Billion|
|Base year for estimation||2020|
|Quantitative units||Revenue in USD Billion, Volume: Million Tons and CAGR from 2023 to 2032|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, phase, forms, marketing channels and regions|
|Regional scope||North America; Europe; Asia Pacific; Central & South America; MEA|
|Country scope||U.S.; Canada; Mexico; Russia; U.K.; Germany; France; BENELUX; Italy, Spain; Ireland; Belgium; Rest of Europe; China; India; Japan; South Korea; Rest of APAC; Brazil; Rest of LATAM; Saudi Arabia; UAE; South Africa; Turkey; Rest of MEA|
|Key companies profiled||Monaghan Mushrooms, Walsh Mushrooms Group, Mycelia, South Mill Mushrooms Sales, Smithy Mushrooms Ltd., Rheinische Pilz Zentrale GmbH, Italspwan, Mushroom SAS, Fujishukin Co. Ltd., and Societa Agricola Porretta|
|Customization scope||10 hours of free customization and expert consultation|
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The global mushroom cultivation market is mostly fragmented, with a number of major as well as medium-sized companies and new entrants accounting for major share in the global market. Mushroom producers are focusing on maximizing yield and production in order to meet rising global demand. Some prominent players in the market include:
- Monaghan Mushrooms
- Walsh Mushrooms Group
- South Mill Mushrooms Sales
- Smithy Mushrooms Ltd.
- Rheinische Pilz Zentrale GmbH
- Mushroom SAS
- Fujishukin Co. Ltd.
- Societa Agricola Porretta
In January 2019, South Mill Mushrooms and Champ’s Mushrooms combined forces to create the leading mushroom producer and supplier in North America. This agreement helped South Mill Mushrooms meet rising demand in all mushroom marketplace segments throughout the United States and Canada.
In August 2019, Walsh Mushrooms Group signed a five-year supply deal with ALDI. This agreement helped Walsh Mushrooms Group to expand its supply chain in the United Kingdom.
In September 2018, Sylvan was acquired by Yuguan China. This acquisition has expanded business for both companies
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Some Key Findings in the Report:
- Europe accounted for second-largest revenue share in the global market in 2020. Rising demand for mushrooms due to medicinal properties and rapid adoption of advanced mushroom processing techniques are some key factors boosting revenue growth in this region.
- The fresh mushroom segment is expected to register a rapid revenue CAGR throughout the forecast period. Demand for fresh mushrooms is rising in developing countries due to growing awareness regarding consuming preservative-free foods.
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For the purpose of this report, Emergen Research has segmented the global mushroom cultivation market based on type, phase, form, marketing channel, and region as follows:
- Type Outlook (Revenue, USD Billion; Volume: Million Tons; 2019–2032)
- Button Mushroom
- Cremini Mushrooms
- Oyster Mushrooms
- Phase Outlook (Revenue, USD Billion; Volume: Million Tons; 2019–2032)
- Form Outlook (Revenue, USD Billion; Volume: Million Tons; 2019–2032)
- Marketing Channels Outlook (Revenue, USD Billion; Volume: Million Tons; 2019–2032)
- Regional Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2019–2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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