A recent report published by Infinium Global Research on the mushroom market provides in-depth analysis of segments and sub-segments in the global as well as a regional mushroom market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mushroom market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global mushroom market. According to the report, the global mushroom market is projected to grow at a CAGR of 8.83% over the forecast period of 2019-2025.
The ever-growing population and changing the economic, social, and demographic scenario of the world is exerting pressure on food supply. These changes in the world have posed new challenges for food manufacturers and consumers. Some of the foods have emerged as superfoods. These superfoods have high nutrients content and low on fats, cholesterol, and other harmful ingredients. Mushroom is one of the superfoods available in the market. Mushrooms contain potassium, vitamin C, fiber, and selenium, which helps in reducing the chances of cardiovascular diseases and high blood pressure. The mushroom market is highly competitive and fragmented in nature. A large number of local as well as multinational companies compete with each other in the market. The key players in the market including The Mushroom Company, Costa Group, Bonduelle Group, and others are focusing on investing in the R&D to reduce the operational cost of mushroom cultivation and merger and acquisition of the distributors to expand the geographical presence.
The increase in consumer awareness about the health benefits of mushrooms is the major driving factors for the mushroom market. The mushrooms are high in beneficial nutrients and low in cholesterol and gluten. This makes them favorable for health-conscious consumers. Moreover, the rise in demand for processed food products is expanding the growth of the mushroom market. Furthermore, the growing consumer preference for packaged foods is supporting the growth of the mushroom market. Rapid industrialization and urbanization have changed the demographics and lifestyle of the consumers. The fast-paced the lifestyle of the population has also affected their eating habits, which shift their preference towards packed foods. However, mushroom cultivation is a labor-intensive process, which acts as the major restraining factor for the growth of the mushroom market. Nevertheless, growing mergers and acquisitions with food and beverages companies are expected to offer favorable business opportunities for the key players in the mushroom market.
In terms of region, Europe held the highest market share, dominating the global mushroom market. The dominance of the European mushroom market attributed to the rise in the supply of quality fresh and dried mushrooms at the reasonable prices in this region. The Asia-Pacific mushroom market is anticipated to grow at the highest rate owing to the growing demand from the health-conscious population, rising production of a variety of mushrooms, and the rising investments in R&D activities in food and beverages industry.
The report on the global mushroom market covers segments such as type, form, and end-use. On the basis of type, the sub-markets include button mushroom, shiitake mushroom, oyster mushroom, reishi mushroom, milky mushroom, and other types. On the basis of form, the sub-markets include fresh mushroom, and processed mushroom. On the basis of end-use, the sub-markets include the food industry, medical, direct consumption, and other end-uses.
The report provides profiles of the companies in the market such as The Mushroom Company, Costa Group, Monaghan Mushrooms, Banken Champignons B.V., Okechamp S.A., Hughes Mushrooms, Bonduelle Group, Monterey Mushrooms Inc., Giorgio Fresh Co., Kulkarni Farm Fresh Pvt. Ltd., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the mushroom market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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