The global mushroom market size is expected to reach USD 136.90 billion by 2032, according to a new study by Polaris Market Research. The report “Mushroom Market Share, Size, Trends, Industry Analysis Report, By Product (Button, Shiitake, Oyster, Matsutake, Truffles); By Application; By Form; By End Use, By Distribution Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing popularity of vegetarian and vegan diets, and growing demand for healthy and natural food has been driving the demand for mushrooms in the last few years. Several other factors projected to support the market include mushroom health benefits, increasing consumer awareness, growth of food industry, and innovations and product development in the market.
Mushrooms are a type of fungi that have been used for centuries in traditional medicine and cuisine. They come in various shapes, sizes, and colors, and can be found in almost every corner of the world. Several benefits of consuming mushrooms including its nutritional value, immune-boosting properties, anti-inflammatory properties, cancer-fighting properties, and improved cognitive functions. Mushrooms are low in calories, fat-free, and rich in nutrients such as potassium, vitamin D, and B vitamins.
For instance, as per USDA, the mushroom sales for 2021 – 2022 in the United States were 702 million pounds, worth 1.01 billion USD, while the total value of mushrooms sold in Canada rose 5.1% to $619.7 million in 2020.
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Higher operational costs in mushroom cultivation is a key factor that limits the growth of mushroom market. Another limiting factor for the mushroom market is the perishability of mushrooms. Perishability and seasonal fluctuations remained as the other key limiting factors of the market.
The covid 19 pandemic has had an overall positive impact on the long term growth of mushroom market. Increased demand, shifting of consumer dietary habits towards healthy and sustainable foods, e-commerce growth, and increased demand for mushrooms in home cooking are some the factors that supported the market in the pandemic period. Besides the positive side, disruptions in supply chains and reduced demand for mushrooms from foodservice and hospitality industry has hampered the market in the short run.
Mushroom Market Report Highlights
Polaris Market Research has segmented the Mushroom Market report based on product, form, application, distribution channel, and region:
Mushroom Market, Product Outlook (Volume, Kilotons; Revenue - USD Billion, 2019 - 2032)
Mushroom Market, Form Outlook (Volume, Kilotons; Revenue - USD Billion, 2019 - 2032)
Mushroom Market, Application Outlook (Volume, Kilotons; Revenue - USD Billion, 2019 - 2032)
Mushroom Market, Distribution Channel Outlook (Volume, Kilotons; Revenue - USD Billion, 2019 - 2032)
Mushroom Market, Regional Outlook (Volume, Kilotons; Revenue - USD Billion, 2019 - 2032)