As per the reports by MRFR, the global Edible Mushroom Market Share is projected to acquire a valuation of over USD 37.46 billion by the end of 2024 while recording a healthy CAGR of 7.33% during the review timeframe from 2019 to 2024.
Mushroom is basically a fungus, which is usually seen and edible and appears as an essential part of various cooking styles across the globe. Edible mushrooms are generally filled in a well-ordered climate with fitting light, gaseous tension, soil pH levels, ventilation, supplements, and moistness. The global edible mushrooms market has been witnessing massive growth over recent times owing to the factors such as growing inclination in the dried Edible Mushroom Market Share towards fat-, without cholesterol food sources, rising awareness among people regarding healthy diet, rising shift in dietary propensities, increasing adoption of western culinary among developing nations, and rising adoption in the pharma sector. However, the market's growth is likely to be hampered by the fluctuations in the prices of unrefined substances required to grow these edible mushrooms and rising agrarian work compensation.
Competitive Analysis
The global edible mushrooms market has an intensely competitive landscape with a wide number of players spread worldwide. The players in the market are adopting several new strategies such as mergers, partnerships, acquisitions, etc., to strengthen their global market position and grow their customer base. The list of prominent players in the edible mushrooms market includes Scelta Mushrooms BV (Netherlands), Monterey Mushrooms, Inc. (the US), Okechamp S.A. (Poland), Monaghan Mushrooms (Ireland), California Mushroom Farm Inc. (US), Ecolink Baltic (Lithuania), The Mushroom Company (India), Shanghai Finc Bio-Tech Inc. (China), Lutèce Holding BV (Netherlands), Bonduelle Group (France), and many others.
Segment Analysis
The global edible mushrooms market is divided into numerous segments based on type, end-users, distribution channel, and region.
Based on type, the edible mushrooms market is split into porcini mushrooms, portobello mushrooms, lion's mane mushrooms, oyster mushrooms, enoki mushrooms, cremini mushrooms, morel mushrooms, button mushrooms, and shiitake mushrooms.
End-users bifurcate the global market into healthcare and pharma industries, food, and agriculture.
Considering the distribution channels, the edible mushrooms market is split into store-based and non-store-based channels.
Regional Analysis
The global edible mushrooms market is studied across five major regions: Asia-Pacific, South America, North America, Europe, and the Middle East & Africa.
The North American regional Edible Mushroom Market Shares has led the market globally over the years. The growing penetration of edible mushrooms is driving the regional market's growth as a key ingredient in their cuisine and the high presence of major producers of edible mushrooms. As per the report by Pennsylvania's Agricultural Development Council, Chester County's 61 farms contributed to over 47% of net United States mushroom production. The United States is the major growth contributor to the regional market, producing over 850 million mushrooms. The regional market is recognized for Oyster and Shiitake mushrooms. However, the rise in the cost of raw materials needed to grow mushrooms might hamper the regional market's growth over the forecasted era.
The European region will likely grow significantly in the global Edible Mushroom Market Share over the review timeframe. The regional market's growth is attributed to the growing production of fiber-rich commodities and changing pattern of food consumption across the region.
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Recent Developments
· October 2021- an agricultural products supplier, processor and retailer of mu'er mushrooms, shiitake mushrooms, other edible fungi and other agricultural products, Farmmi, disclosed that Zhejiang Farmmi Biotechnology Co., one of the company's health care subsidiaries, has been evaluated and has received the certificate for compliance with the requirements of BRC Global Standard Food Safety Issue 8: February 2019, and also received a certificate for compliance with GB/T 27341-2009 Hazard Analysis and Critical Control Point (HACCP) System — General Requirements for Food Processing Plant GB 14881-2013 General Hygienic Regulation for Food Manufacturing HACCP Additional Requirements v1.0. The company said that both of these certificated further authorize the company's food safety system.
· July 2021- biotech startup studying whether magic mushrooms could treat illnesses, Tampa, Floria, has been funded with USD2.5 million from investors with a Florida venture capital firm in the lead.
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Global Edible Mushroom Market – OverviewDue to the large number of advantages associated to mushroom consumption, the market is growing at an incremental pace of development on the global stage.
Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Edible mushroom Market Research Report- Forecast to 2022 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.Health awareness and rising population of vegan consumers have prompted the growth of edible mushroom in the daily diet of individuals.
Global Edible mushroom Market - Competitive AnalysisKey players in the global mushroom market are focusing on delivering fresh mushrooms with better shelf-life to the consumers.
Additionally, based on growing demand for medicinal mushrooms, players in the mushroom market are identified to invest hugely in order to strengthen their business portfolio in the global edible mushroom market.
The best long-term growth opportunities for this sector can be captured by ensuring ongoing product improvements and financial flexibility to invest in the optimal strategies.The key players profiled in edible mushroom are The Mushroom Company (U.S.), Monaghan Mushrooms (Ireland), Bonduelle Group (France), Okechamp S.A. (the Netherlands), Lutèce Holding B.V. (the Netherlands), Monterey Mushrooms, Inc. (U.S.), and Shanghai Finc Bio-Tech Inc. (China) among many others.
The company engages in the production of a bitter blocker called ClearTaste and a vegan Shiitake mushroom-based protein called PureTaste.Aug 2017 To-Jo Mushrooms partnered with Food Lion in order to launch Mushroom Chop.
