Mushroom Market Size - By Type (Button Mushrooms, Shiitake Mushrooms, Oyster Mushrooms, Matsutake Mushrooms, Truffles Mushrooms), Application (Food and Beverages, Cosmetics, Pharmaceutical), Form, Distribution Channel & Global Forecast, 2024-2032

Mushroom Market Size

Mushroom Market was valued at 58.2 billion in 2023 and it is estimated to register a CAGR of over 6.7% between 2024 and 2032. The trend toward plant-based diets and sustainable food sources has also played a pivotal role in the market's expansion.
 

Mushrooms are a versatile and sustainable source of protein for vegetarians and vegans, and they can be cultivated with relatively low environmental impact. This aligns with the growing consumer preference for eco-friendly and ethical food choices. In addition, advancements in mushroom cultivation techniques, including controlled environment farming and genetic engineering, have increased production efficiency and expanded the variety of mushroom species available year-round. These innovations have made mushrooms more accessible and affordable for consumers, driving the market's growth.
 

The primary challenges are the limited shelf life of fresh mushrooms. Mushrooms are highly perishable, and their short shelf life can lead to food waste and logistical difficulties in distribution, which can be costly for producers and retailers.
 

COVID-19 Impact

Covid 19 had significant impact on the market. The perishable nature of mushrooms made it challenging to adapt to sudden changes in demand, leading to some supply chain disruptions and potential food waste. Farmers and distributors faced difficulties in transporting and distributing fresh mushrooms to consumers and businesses during lockdowns. However, the mushroom market also demonstrated resilience and adaptability during the pandemic.
 

As consumers became more health-conscious and sought immune-boosting foods, there was a surge in demand for mushrooms due to their nutritional benefits. This trend benefited mushroom producers and retailers that were able to pivot to meet the growing demand for fresh and packaged mushrooms, particularly those marketed for their immune-boosting properties.
 

Mushroom Market Trends

Sustainability remains a critical trend in the food industry, and mushrooms are seen as a sustainable protein source. Mushroom cultivation typically requires less land and water compared to traditional livestock farming, making them an environmentally friendly option. This sustainability aspect is resonating with eco-conscious consumers and contributing to the market's demand.
 

Mushroom Market Analysis

Based on product type, the button mushroom segment dominated around USD 38.2 billion revenue in 2022. Button mushroom are re one of the most widely consumed and recognized mushroom varieties globally. Their mild flavor and versatile culinary applications make them a staple ingredient in a wide range of dishes, from salads to stir-fries and pizzas. This familiarity and versatility have contributed to their consistent demand and growth in the market.
 

Based on form, the fresh mushroom market held over 83.7% of revenue share in 2022, as fresh mushrooms are favored by chefs and home cooks alike for their versatility in various cuisines. They can be used in a wide range of dishes, from salads and stir-fries to soups and pasta sauces, adding depth of flavor and a unique texture. This culinary adaptability has led to an increased demand for fresh mushrooms in the foodservice industry and among consumers experimenting with new recipes at home.
 

Based on application, food and beverages segment accounted for 79.6% of the mushroom market share in 2022. Mushrooms can be incorporated into various dishes, including soups, stir-fries, and even meat substitutes for vegetarians and vegans. This adaptability has made mushrooms a favourite among chefs and home cooks alike, further boosting their demand in the food industry.
 

Based on distribution channel, hypermarket and supermarket segment recorded 37.9% of the market share in 2022, as these large retail outlets offer a wide variety of products under one roof, making them convenient shopping destinations for consumers seeking mushrooms and related products. Shoppers can find fresh and packaged mushrooms, mushroom-based processed foods, and other ingredients needed to create mushroom-based dishes, all in one place.
 

The Asia pacific mushroom market size reached USD 24 billion in 2022, attributed to growing awareness of the health benefits associated with mushroom consumption. Mushrooms are rich in nutrients, low in calories, and contain various bioactive compounds that have been linked to improved immunity, reduced inflammation, and potential anti-cancer properties. As the consumers become more health-conscious, the demand for nutritious foods like mushrooms has risen. In addition, Mushrooms are a versatile ingredient used in a wide range of Asian cuisines. They are a staple in dishes like stir-fries, soups, and hot pots. As the popularity of Asian cuisine continues to grow globally, so does the demand for mushrooms, particularly in the Asia-Pacific region.
 

Mushroom Market Share

Major companies operating in the mushroom industry includes:

• Bonduelle Group
• Costa Group
• CMP Mushroom
• Drinkwater Mushrooms
• Greenyard
• Monaghan Group
• Monterey Mushroom, Inc.
• OKECHAMP S.A.
• Shanghai Finc Bio-Tech Inc.
• The Mushroom Company

The companies are undergoing various strategic initiatives such as mergers and acquisitions, partnerships, and new product launches. 
 

The Bonduelle Group is a global food processing company specializing in ready-to-eat vegetables and vegetable-based products. The company offers a wide range of products, including canned vegetables, frozen vegetables, fresh-cut salads, and other convenience foods. They offer both branded and private-label products. The company places a strong emphasis on innovation in the food sector. They continually develop new products and packaging solutions to meet changing consumer preferences and dietary trends.
 

Mushroom Industry News

• In Feb, 2023 Bonduelle Group announced merger of two manufacturing plants on the east coast of the US. It seeks to increase efficiency and cover fixed costs while optimizing the production of all goods for consumers across the country.
   

The mushroom market research report includes in-depth coverage of the industry with estimates & forecast in terms of transactional value (USD Billion) and transactional volume (Kilo Tones) from 2018 to 2032, for the following segments:

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Market, By Type

• Button Mushrooms
• Shiitake Mushrooms
• Oyster Mushrooms
• Matsutake Mushrooms
• Truffles Mushrooms
• Others

Market, By Form

• Fresh Mushrooms
• Processed Mushrooms

Market, By Application

• Food and Beverages
• Cosmetics
• Pharmaceutical
• Others

Market, By Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Online Sales Channel

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa