According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of edible fungus are estimated to reach a value of USD 82.2 Bn by 2032, surging at 5.5% CAGR through the decade.
The global mushroom market is expected to grow in response to the rising demand for low-fat, low-cholesterol foods rich in nutrients such as potassium, selenium, vitamins, and other micronutrients. The mushroom demand in hotels, restaurants, and cafeterias is increasing due to the rapidly expanding foodservice industry.
The growing popularity of mushrooms as a meat substitute, combined with an increase in vegan populations, will drive market growth in the coming years. Growing demand for processed mushrooms, particularly in Western countries, is opening up new markets for major Asian mushroom-producing countries.
Several governments are investing in the development of higher-quality mushroom varieties that are not only safe for human consumption but also suitable for export to other countries. Adopting an advanced pest management system to control pest infestation damage in mushrooms can result in higher mushroom yields, which will eventually aid mushroom market growth.
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Key Takeaways from Market Study
- China is the world’s largest producer of mushrooms, with the country having the highest per capita consumption of edible fungus of any region.
- Fresh mushroom demand is increasing around the world, particularly in the United States and other developed economies.
- The button mushroom has a significant market share in the Edible Mushroom Market.
- Fresh Mushroom segment dominates the Global Edible Mushroom market due to easy availability, consumer acceptance, and increased awareness about the disadvantages of using processed food products.
“The growing acceptance of Western cuisine among networks in non-industrial countries contributes to the global development of edible mushrooms during the forecasted period,” says a lead analyst at Future Market Insights.
Competitive Landscape
The edible fungus market is expanding rapidly in many developed and emerging economies, but organized distribution remains a challenge in many countries and regions. Investment by market participants and the government in developing a fresh and processed distribution system for mushrooms would provide significant growth opportunities for global mushroom sales.
Some of the key players in the Edible Fungus Market include Xuerong Biotechnology, Ruyiqing, JUNESUN FUNGI, China Greenfresh Group, Shanghai Bright Esunyes, Starway Bio-technology.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of edible fungus presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Edible Fungus Market by Category
By Product Type, Edible Fungus Market is Segmented as:
- Shiitake
- Auricularia Auricula-judae
- Pleurotus Ostreatus
- Enokitake
- Agaricus Bisporus
By Application, Edible Fungus Market is Segmented as:
- Fresh Mushrooms
- Dried Mushrooms
- Canned Mushrooms
- Frozen Mushrooms
By Region, Edible Fungus Market is Segmented as:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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