Global Mushroom Market Share to Hit USD 59.48 billion by 2021
Intense rivalry among the players due to the attendance of various vendors in the mushroom market forces the players to follow different plans such as product innovation to remain string in the market. Fresh Stock, Monaghan Mushrooms, Bonduelle, Agro Dutch Industries Ltd, Hughes Mushroom, Modern Mushroom Farms, Drinkwater Mushrooms Ltd, Scelta Mushrooms BV, the California Mushroom Farms Inc, Banken Champignons, Ecolink Baltic, Monterey Mushrooms, Inc, The Mushroom Company, OKECHAMP S.A., Kulkarni Farm Fresh Pvt. Ltd, and Weikfield Foods Pvt. Ltd. among others are some of the major players in the mushroom market.
Zion Market Research’s analysts claim that the global mushroom market was capitalized at more than USD 35.08 Billion in 2015. The mushroom market is anticipated to reach more than USD 59.48 Billion in 2021 and is expected to increase at a CAGR of slightly more than 9.2% from 2016 to 2021.
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Increasing Use Of Mushrooms As Food For The Patients Having Obesity And High Cholesterol To Tower The Mushroom Market
“Increasing use of mushrooms as ingredients in different food items powers the development of mushroom market,” claim the analysts at Zion Market Research. Mushroom has different nutritional characteristics such as low cholesterol and low fat that is employed as major food for the patients having obesity and high cholesterol. This factor, in return, fuels the development of the mushroom market. On the other hand, the low shelf life of the mushrooms elevates the preservation price of the market players. This might hamper the development of the mushroom market. Nonetheless, elevating food markets and food chain in the developing nations paired with in-progress research for untapped applications of mushrooms is expected to unlock new avenues for the mushroom market in the years to come.
Various R&D activities performed on mushrooms by market players as well as academic organizations are set to propel the mushroom market. For instance, in August 2018, it was discovered that mushrooms from the Far East area have the natural chemical compounds. This compound can be employed for the development of the modern drugs with low-toxicity and highly specific anti-tumor activities. These compounds might provide new chances for oncology, offering us with stand-alone options to chemopreventive medicines, chemotherapy, or drugs to be employed along with other therapies, boosting the mushroom market.
Elevated Usage Rate Of Mushroom In India, China, And Japan To Suffice The Development Of The Mushroom Market In Asia Pacific
In 2015, Asia Pacific added for the biggest market share and is anticipated to develop at the faster speed in the years to come. Some of the factors such as elevated usage rate of mushroom in India, China, and Japan suffice the development of the mushroom market in this area. Europe held the biggest market share in 2015 for the mushroom market.
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The global mushroom market is segmented as follows:
- Milky mushroom
- Button mushroom
- Shiitake mushroom
- Oyster mushroom
- Paddy mushroom
- Winter mushroom
- Reishi mushroom
- Fresh mushroom
- Processed mushrooms
- Dried mushrooms
- Canned mushrooms
- Frozen mushrooms
By End User
- Food industry
- Direct consumption
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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