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Mushroom Market was valued at 58.20 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.
Report Attribute | Details |
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Base Year: | 2023 |
Mushroom Market Size in 2023: | USD 58.2 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 6.7% |
2032 Value Projection: | USD 102.6 Billion |
Historical Data for: | 2018 - 2023 |
No. of Pages: | 180 |
Tables, Charts & Figures: | 332 |
Segments covered: | Type, Form, Application, Distribution Channel |
Growth Drivers: |
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Pitfalls & Challenges: |
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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.