Mushrooms Global Report 2023-2030: Use of Mushrooms in Functional Foods Strengthens Business Case, Increasing Adoption in Nutraceuticals and Dietary Supplements Expands Applications - ResearchAndMarkets.com

Barchart · 10/17 12:45

The "Mushrooms - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Mushrooms was estimated at US$52.7 Billion in 2023 and is projected to reach US$83.7 Billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Mushrooms are rich in nutrients, including proteins, vitamins, and minerals, making them a popular ingredient in various cuisines worldwide. In addition to their culinary use, certain types of mushrooms, such as reishi and maitake, are valued for their medicinal properties and are used in supplements and herbal remedies.

The growth in the mushrooms market is driven by several factors, including increasing consumer demand for plant-based foods, the rising popularity of organic produce, and technological advancements in mushroom cultivation. The global shift toward healthier eating habits and the growing popularity of vegetarian and vegan diets are pushing the demand for mushrooms as a nutritious and versatile food source.

The health benefits associated with mushrooms, particularly their medicinal properties, are also contributing to their increased use in supplements and functional foods. Furthermore, innovations in cultivation techniques, such as climate-controlled farming and precision agriculture, are improving production efficiency and yield, helping meet the growing demand for mushrooms globally. The expansion of e-commerce and direct-to-consumer delivery models is further supporting the market by making fresh and processed mushrooms more accessible to a broader range of consumers.

How Are Technological Advances Improving Mushroom Cultivation?

Technological innovations in agriculture are enhancing mushroom production by improving yield, efficiency, and quality. Advances in climate control and automated irrigation systems are allowing growers to create optimal growing conditions, regardless of external environmental factors. Precision agriculture techniques, such as the use of sensors and data analytics, are helping farmers monitor moisture levels, temperature, and substrate quality more accurately, leading to better crop management.

In addition, innovations in substrate preparation, such as the use of organic and enriched composts, are boosting mushroom yields and reducing cultivation cycles. These technological improvements are making mushroom farming more sustainable and scalable, allowing for year-round production to meet growing global demand.

How Is Consumer Demand Shaping the Mushroom Market?

The rising demand for plant-based and organic foods is driving the growth of the global mushroom market. As more consumers adopt vegetarian, vegan, and flexitarian diets, mushrooms are gaining popularity as a protein-rich, low-calorie alternative to meat. Mushrooms' ability to mimic the texture and flavor of meat in dishes is contributing to their increased use in plant-based foods and meat substitutes.

The growing awareness of the health benefits associated with mushrooms, including their immune-boosting and anti-inflammatory properties, is also driving their consumption in both fresh and supplement forms. Moreover, the demand for organic produce is boosting the market for organically cultivated mushrooms, as health-conscious consumers seek out sustainably grown, pesticide-free products.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Food Application segment, which is expected to reach US$72.3 Billion by 2030 with a CAGR of a 7.0%. The Cosmetics Application segment is also set to grow at 5.8% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, which was valued at $14.2 Billion in 2023, and China, forecasted to grow at an impressive 11.1% CAGR to reach $19.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Costa Pty Ltd., Drinkwater's Mushrooms Limited, Monaghan Mushrooms Ireland, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report Attribute Details
No. of Pages 334
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $52.7 Billion
Forecasted Market Value (USD) by 2030 $83.7 Billion
Compound Annual Growth Rate 6.8%
Regions Covered Global 

Key Topics Covered:

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Mushrooms - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

  • Growing Demand for Plant-Based and Vegan Foods Expands Market for Mushrooms as Meat Substitutes
  • Rising Consumer Awareness of Health Benefits Propels Growth in Mushroom Consumption
  • Increasing Use of Mushrooms in Functional Foods Strengthens Business Case for Medicinal Mushroom Products
  • Expansion of Organic Farming Practices Spurs Growth in Organic Mushroom Production
  • Growing Popularity of Exotic Mushroom Varieties Expands Addressable Market for Gourmet Mushrooms
  • Growing Use of Mushrooms in Alternative Medicine Expands Opportunities for Medicinal Mushroom Products
  • Rising Focus on Sustainable Agriculture Expands Market for Mushrooms in Vertical and Indoor Farming
  • Increasing Adoption of Mushrooms in Nutraceuticals and Dietary Supplements Expands Health and Wellness Applications
  • Growth in Processed Food Industry Drives Demand for Canned, Dried, and Frozen Mushrooms
  • Rising Popularity of Mushroom-Based Beverages and Supplements Expands Market for Functional Foods and Drinks
  • Increasing Interest in Edible Mushrooms as Immunity Boosters Fuels Growth in Consumer Health Markets
  • Expansion of Mushrooms in Plant-Based Meat Alternatives Drives Demand for Mycelium-Based Products

FOCUS ON SELECT PLAYERS (Total 64 Featured)

  • Costa Pty Ltd.
  • Drinkwater's Mushrooms Limited
  • Monaghan Mushrooms Ireland
  • Monterey Mushrooms Inc.
  • Okechamp S.A.
  • Shanghai Finc Bio Tech Inc.
  • The Mushroom Company

For more information about this report visit https://www.researchandmarkets.com/r/wzn0rk

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