Global Mushroom Market Insights Forecasts to 2033

• The Global Mushroom Market Size was Valued at USD 65.3 Billion in 2023
• The Market Size is Growing at a CAGR of 6.74% from 2023 to 2033
• The Worldwide Mushroom Market Size is Expected to Reach USD 125.4 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Mushroom Market Size is Anticipated to Exceed USD 125.4 Billion by 2033, Growing at a CAGR of 6.74% from 2023 to 2033. 

Market Overview

Edible fungi are frequently referred to as mushrooms, which have been categorized as vegetables; nonetheless, they are not plants. They are high in riboflavin, potassium, vitamin D, selenium, and other nutrients that benefit human health. Clinical and preclinical research has shown that it promotes healthy immunity, weight management, and general health performance. Furthermore, its use may lower the risk of diseases such as prostate cancer and breast cancer, which contributes to increased consumption and sales performance. Furthermore, sustainability and organic agriculture practices are popular trends, reflecting consumer preferences for environmentally beneficial products. Online retailers are rapidly expanding, reflecting shifting consumer shopping preferences. Moreover, key drivers of demand include increased consumer health consciousness and the nutritional benefits of mushrooms. Also, key firms are investing in sophisticated cultivation methods and technology to maintain consistent quality, increase efficiency, and meet the growing demand for mushrooms.

Report Coverage

This research report categorizes the market for the global mushroom market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global mushroom market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global mushroom market.

Driving Factors

The mushroom market is anticipated to expand rapidly, driven by growing demand for nutrient-dense, low-fat meals with medicinal properties. Increased use of processed mushrooms in Western countries is driving up exports from important Asian growers. Moreover, government investments in high-quality, export-ready types, in addition to the expansion of exotic mushroom production, are driving global market growth.

Restraining Factors

Mushroom farming faces market barriers due to its high management requirements, susceptibility to environmental conditions, and pest issues such as fungus gnats. Moreover, short production cycles hinder harvest volumes, and allergic issues from specific types, such as oyster mushrooms, hamper consistent growth and raise production costs.

Market Segmentation

The global mushroom market share is classified into mushroom type, distribution channel, and end-use.

• The button mushroom segment is expected to hold the largest share of the global mushroom market during the forecast period.       

Based on mushroom type, the global mushroom market is categorized as button mushroom, shiitake mushroom, oyster mushroom, and others. Among these, the s button mushroom segment is expected to hold the largest share of the global mushroom market during the forecast period.Button mushrooms are distinguished by their broad cultivation and popularity. The button mushroom is popular among a wide range of consumers due to its mild flavour and sturdy texture. This cultivar is often used in salads, soups, and other culinary uses. Its versatility and inexpensive cost contribute to its domination in both commercial and residential markets, making it a kitchen the foundation in many homes throughout the world.

• The supermarkets and hypermarkets segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the distribution channel, the global mushroom market is categorized as supermarkets and hypermarkets, grocery stores, online stores, and others. Among these, the supermarkets and hypermarkets segment is expected to grow at the fastest CAGR during the forecast period.  The fresh mushroom industry is expanding due to its adaptability in many cuisines and the high demand for premium, unprocessed ingredients. Fresh mushrooms' crisp texture and natural flavour enhance dishes, appealing to consumers seeking high-quality culinary experiences in both retail and food service settings. This trend contributes to increased market reach.

• The food processing industry segment is expected to hold the largest share of the global mushroom market during the forecast period.       

Based on end-use, the global mushroom market is categorized as the food processing industry, food service sector, direct consumption, and others. Among these, the food processing industry segment is expected to hold the largest share of the global mushroom market during the forecast period. Food Processed mushrooms have started being used in soups, sauces, ready meals, and snacks, which improves both flavour and nutrition. Their adaptability meets the growing consumer desire for convenient, time-saving eating solutions. This trend establishes mushrooms as vital ingredients in the food processing industry, resulting in major market expansion growth due to their health benefits and versatility.

Regional Segment Analysis of the Global Mushroom Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is projected to hold the largest share of the global mushroom market over the forecast period.

Europe is projected to hold the largest share of the global mushroom market over the forecast period. Europe's mushroom market is prospering as a consequence of a combination of traditional culinary practices, a robust agricultural economy, and a growing emphasis on health and wellness. Button, shiitake, and oyster mushrooms are common in many recipes, demonstrating the region's appreciation for their nutritional value. Furthermore, a well-established cultivation and delivery infrastructure reinforces Europe's leadership in the worldwide mushroom sector. This combination of variables drives steady growth and consumer interest in mushrooms throughout Europe.

North America is expected to grow at the fastest CAGR growth of the global mushroom market during the forecast period.  Mushrooms' appeal in North America is being driven by a growing interest in plant-based diets, culinary inventiveness, and awareness of the health advantages of mushroom eating. The region's unique culinary landscape, and also the inclusion of mushrooms into numerous cuisines, all contribute to their popularity. North America's cultivation and delivery networks, along with a vibrant food culture, position it as a major player in the global mushroom market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global mushroom market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Drinkwater Mushrooms
• Greenyard
• Monaghan Group
• Monterey Mushroom, Inc
• OKECHAMP S.A
• Shanghai Fengke Biological Technology Co., Ltd
• The Mushroom Company
• Bonduelle Group
• Costa Group
• CMP Mushroom
• Others

Key Market Developments

• In December 2023, Applied Food Sciences, Inc., an American dietary supplement manufacturer, recently introduced a new organic functional mushroom line that includes Lion's Mane, Cordyceps, Reishi, and Chaga mushroom varieties sourced from Finland.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global mushroom market based on the below-mentioned segments: 

Global Mushroom Market, By Mushroom Type

• Button Mushroom
• Shiitake Mushroom
• Oyster Mushroom
• Others

Global Mushroom Market, By Distribution Channel

• Supermarkets and Hypermarkets
• Grocery Stores
• Online Stores
• Others

Global Mushroom Market, By End-Use

• Food Processing Industry
• Food Service Sector
• Direct Consumption
• Others

Global Mushroom Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa