Mushrooms are considered good for health as they contain negligible sodium and gluten content. Low fat and cholesterol content is presumed to result in higher mushroom acceptance among customers. Grouped under vegetables, mushroom contains different nutrients such as potassium, vitamin, and selenium. Animal and bio-based industrial wastes can be employed as a valid option for mushroom cultivation. Mushrooms have a varied life cycle compared to green plants. Land usage is very less in mushroom cultivation and they can be grown in lawns, woodlands, and polytunnels. Such minimal land usage is estimated to positively impact the market by encouraging mushroom growers to use small areas of cultivable land effectively. Global button mushroom market is estimated to grow at a CAGR of 7.37% from 2019 to 2024 and it is expected that the world market was worth at USD 16.7 billion in 2019 and is estimated to reach USD 23.8 billion by 2024.
Market drivers and restraints:
Growing commercial mushroom consumption in restaurants, supermarkets, cafeterias, and hotels is estimated to play a crucial role in shaping the market in the near future. Shifting consumer preferences towards vegan food and rising meat substitute demand is expected to assist the mushroom market over the forecast period. Button and shiitake mushrooms are rich protein sources making them desirable meat substitutes among customers. Shifting consumer preferences towards processed food consumption is another major factor expected to aid the market over the next seven years.
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Report segmented as:
- Fresh mushroom
- Processed mushroom
Europe led the global market in the recent past followed by Asia Pacific. Emerging economies such as China and India are estimated to witness high mushroom demand growth over the forecast period due to the growing population and health awareness.
Important market players:
Key market players operating in the global button mushroom market are Agro Dutch Industries Ltd., The Mushroom Company, Banken Champignons , OKECHAMP S.A., Bonduelle, Modern Mushroom Farms, Drinkwater Mushrooms Ltd., Hughes Mushroom, Weikfield Foods Pvt. Ltd., Scelta Mushrooms BV, Ecolink Baltic, Kulkarni Farm Fresh Pvt. Ltd., Monaghan Mushrooms, Monterey Mushrooms, Inc., Fresh Stock, and California Mushroom Farms Inc.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for a better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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