Mushroom Market to grow by USD 22.20 billion from 2022 to 2027; Growth potential in untapped markets to drive market growth – Technavio

NEW YORK, Nov. 23, 2023 /PRNewswire/ — The mushroom market is expected to grow by USD 22.20 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 6.62% during the forecast period. Medicinal values associated with mushrooms are notably driving the mushroom market. However, factors such as supply chain challenges and labor shortages may impede market growth. The market is segmented by type (fresh mushroom, canned mushroom, and dried mushroom), product (button mushroom, shiitake mushroom, oyster mushroom, and others), and Geography (Europe, APAC, North America, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The Free sample report is available in PDF format 

Key Segment Analysis

The market share growth by the fresh mushroom segment will be significant during the forecast period. Increased R&D and innovation in mushroom cultivation are driving a broadening of the consumer base in the Global Fresh Mushroom Market. The demand for fresh mushrooms is underpinned by growing consumer interest in organic and unprocessed foodstuffs. Technological advances are helping to resolve the challenges of shelf life, including through modifications in atmosphere packaging and this is contributing to market growth. Leveraging a large volume of procurement, new mushrooms are now available for purchase on the Internet with excellent discounts. Hence, these factors are expected to drive segment growth during the forecast period. 

To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.

Geographical Market Analysis 

APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Europe is another which is expected to grow during the forecast period. quality mushrooms at competitive prices. Italy, Spain, France, Poland, Romania, the Netherlands, and Germany are some of the top mushroom-producing countries in 2022, as defined by Eurostat. Since 2020 there has been a marked increase in the consumption of shiitake mushrooms in countries such as Spain, leading to increased local production. Ukraine has followed suit, with local supermarket chains offering exotic native mushrooms such as Eringium, Shimeji, Yenoki, and Honey that are frequently grown in China, South Korea, or the Netherlands. Hence, these factors are expected to drive market growth in the region during the forecast period. 

Company Insights 

The mushroom market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including Banken Champignons B.V., Basciani Foods Inc., BioFungi GmbH, BONDUELLE SA, Commercial Mushroom Producers Co. Operative Society Ltd., Drinkwater Mushrooms, Fujishukin Co. Ltd., Giorgio Fresh Co., Greenyard NV, Highline Mushrooms, Hughes Group, Lambert Spawn, Monaghan Mushrooms Ireland Unlimited Co., Monterey Mushrooms Inc., MycoTerraFarm, NABIA, OKECHAMP S.A., Phillips Mushroom Farms, South Mill Champs, and Weikfield Foods Pvt. Ltd.

View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

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The Olive Leaf Extract Market size is projected to increase by USD 485.18 million and the market size is estimated to grow at a CAGR of 4.43% between 2022 and 2027.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Distribution Channel 

Market Segmentation by Product Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio