Pune, India, June 15, 2021 (GLOBE NEWSWIRE) – The world mushroom market is expected to reach 20.84 million tonnes by 2026 while posting a CAGR of 6.41% for the foreseeable future. This information is published by Fortune Business Insights ™ in its report “Mushroom market, 2019 – 2026 The report further observes that the market amounted to 12.74 million tons in 2018. The findings of various research support that consumption of the product helps to boost immunity, improve overall health, gaining in nutrition, managing weight, etc. have also been linked to reduced risk of certain diseases, especially prostate cancer.
Impact of COVID-19
Anti-inflammatory property to stimulate product demand
The pandemic has caused various logistical problems. Transportation availability was irregular due to lockdown restrictions. The Scandinavian Immunology Foundation conducted research in 2021 on the prophylactic or therapeutic effect against COVID-19 and its pulmonary superinfection and complicating inflammation. The conclusion was that some fungi with their anti-inflammatory drugs might be suitable for treatment after COVID-19 infection. Research research is expected to stimulate the market even in a pandemic situation.
The list of top 10 players presented in the mushroom market is:
- Agro Dutch Industries Ltd.
- Weikfield Foods Pvt. Ltd.
- BioFungi GmbH
- California Mushroom Farms Inc.
- Monaghan mushrooms
- Highline mushrooms
- Scelta Mushrooms BV
- Monterey Mushrooms, Inc.
- Nasza Chata
- Banken Mushrooms BV
- Ecolink Baltic
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Based on type, the market is segmented into bud, shiitake, oyster, and others. According to the Polish Economic Institute, Poland is the largest producer of button type and accounts for more than 50% of European Union exports. On the basis of form, the market is separated into fresh, frozen, dried and canned. The market region is in North America, Europe, Asia-Pacific, South America, Middle East and Africa.
What does the report contain?
The report contains in-depth analysis of market dynamics and competitive landscape. Details of various mergers and acquisitions affecting the market are enlisted for the needs of the client. The positive and negative aspects of the business are mentioned in the report to facilitate informed decision making by the client. Regulatory scenarios of various major economies are also mentioned along with future industry trends.
Growing adoption of vegan diet to propel market growth
This high demand can be attributed to the change in consumption patterns from meat and dairy products towards veganism. These mushrooms are consumed in large quantities by vegans as a replacement for protein-rich meat. The growing investment in research and development is expected to promote the growth of the global mushroom market. For example, Guizhou Bright Lingang Jotoku Bio-tech, automated its harvesting process in 2021 and increased its efficiency to produce 230 metric tons per 15 hectares. Due to its anti-inflammatory property together with immune system boosting quality, demand for the product is expected to increase during the forecast period.
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Growing preference for exotic food products in Asia-Pacific to drive growth
Asia-Pacific is expected to hold a substantial share of the mushroom market for the foreseeable future. The consumption of exotic food products in countries like India, China and Japan is expected to bode well for the demand for the product.
Europe is expected to show considerable growth due to the growing number of health-conscious consumers. The demand for the product in this region is mainly for two reasons. The medicinal uses and nutritional gains of this product are numerous, which has resulted in the enormous growth of this fungus.
Market players improve distribution channels to broaden their business horizons
Producers in this market are made up of both large and small producers. The products available in hypermarkets / supermarkets are mainly produced by the large scale producer while local grocery stores buy their stock from local farmers. Some regions of the world are facing distribution channel issues which are a market efficiency that can be explored by new entrants. In addition, investment in the uses of the fungus should quickly pay off.
May 2021: Denis Vidmar recently introduced the Porcini variety to his Magical Mushroom Hub store. This strain is highly sought after for its properties and costs around $ 50 per pound.
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Detailed table of contents:
- Scope of research
- Market segmentation
- Research methodology
- Definitions and assumptions
- Market dynamics
- Conductors, restraints
- Market opportunities
- Emerging trends
- Key ideas
- Overview of parent / related markets
- Supply chain and regulatory analysis
- Mushroom trade analysis (import and export)
- Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers and Acquisitions
- Global Mushroom Market Analysis, Outlook and Forecast, 2015-2026
- Main conclusions / Summary
- Market size estimates and forecasts
- By type (volume)
- By shape (volume)
- Fresh mushroom
- Frozen mushroom
- Dried mushroom
- Canned mushroom
- By region
- North America
- Asia Pacific
- South America
- Middle East and Africa
- By type (volume)
Table of contents continued…!
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