Global Mushroom Cultivation Market was valued at USD 16.9 billion in 2019
Published | 23 April 2020
Rising commercial mushroom
intake in restaurants, hotels, supermarkets, cafeterias are predictable to play
an essential role in influencing the market shortly. The Global MushroomCultivation Market
was prized at USD 16.9 billion in 2019, and it is predictable to reach USD
19.04 billion by 2026, at a CAGR of 4.3 %, over the forecast period 2020-2026. Shifting
consumer likings towards vegan food and growing meat substitute demand is anticipated
to help the mushroom market over the estimated time. Shiitake and Button
mushrooms are rich protein sources, making them needed meat substitutes amid
consumers. Flowing consumer likings towards processed food consumption is
another crucial factor probable to help the market over the next seven years.
Mushrooms have a significantly short shelf life, which is predicted to affect
the market in the near future negatively. Mushroom cultivation is heavily
labored exhaustive and requires high operational costs. This vital factor can
hamper market growth over the forecast period.
The global mushroom
cultivation market is predictable to witness substantial development due to
factors such as the numerous health welfares of mushrooms, growing per capita
mushroom intake, cost-effective production, growing request for vegan and
natural food in the diet, and growing health mindful population across the
sphere contributing the request for mushroom cultivation.
Mushrooms
are measured well for fitness, as they comprise negligible sodium and gluten
content. Low fat and lipid content are assumed to result in higher mushroom
reception amid consumers. Mushroom covers various nutrients such as potassium,
selenium and vitamin, button, and oyster. Demand for mushrooms has risen
significantly over the past years in the processing industry. Processed
mushroom comes in the profitable market as canned, dried, and frozen. Other
than these categories, the processed mushroom also includes pickled mushroom,
mushroom sauces, powder mushroom. Animal and bio-based industrial trash can be
used as a valid choice for mushroom cultivation. Mushrooms have a diverse life
cycle likened to green plants. Land usage is very fewer in mushroom farming,
and they can be full-grown in lawns, woodlands, and polytunnels. Such minimal
land usage is probable to positively affect the market by hopeful mushroom
growers to utilize small areas of cultivable land efficiently. Mushroom
production can be used for medicinal aims due to its vitamin D and vitamin B
content as well as magnesium, calcium, phosphorus, potassium, and other such
minerals content. Mushrooms are often called parasitical due to their
dependence on other plants for food. Governments in emerging regions have taken
several initiatives that are probable to assist this small-scale industry and,
in turn, benefit the deprived population involved in the production process of
the industry.
Growth
Drivers
Shifting consumer
preferences towards vegan food and increasing meat substitute and processed
food demand
Shiitake and Button mushrooms are rich protein
sources making them wanted meat substitutes among customers. Flowing consumer
likings towards managed food intake is an additional key factor probable to
help the market over the next seven years. Mushrooms have a significantly short
shelf life, which is expected to affect the market in the near future
adversely. Mushroom farming is heavily labor rigorous and needs extra
operational costs. This vital factor has the capability to hamper market
development over the forecast period.
Contributions made by governments and international agencies
Contributions made by
governments and international agencies to progress mushroom excellence by
inspiring mushroom cultivators to develop newer R&D technologies is one of
the vital factors that help in improving the global mushroom cultivation
market. Biotechnology laboratories play an essential role in the mushroom
refinement process as they enhance the cultivation environment for healthier
mushroom yield. Such technological progressions and favorable government
initiatives promise ample growth opportunities for industry participants.
Global
Mushroom Cultivation Market: Competitive Landscape
Europe
conquered the global mushroom market in the recent past, followed by the Asia
Pacific. Emerging economies such as China and India are predicted to witness
fast mushroom request development over the prediction period owing to rising
population and growing health mindfulness. The per capita consumption in China,
the primary producer of mushrooms in the world, is higher than any other
country. The ingesting of mushroom in Asian countries such as Japan, India, and
others are increasing at a vital rate accredited by growing production. Increasing vegan population and the flowing
trend toward nutrition-rich food have led to the market growth of mushrooms in
Asian countries.
Some
of the leading players operating in the global mushroom cultivation market are Monaghan Mushrooms (Ireland),
Walsh Mushrooms Group (Ireland), Mycelia (Belgium), South Mill Mushrooms Sales
(US), Smithy Mushrooms Ltd. (UK), Rheinische Pilz Zentrale GmbH (Germany),
Italspwan (Italy), Mushroom SAS (Italy), Hirano Mushroom LLC (Kosovo),
Fujishukin Co. Ltd. (Japan) and other prominent players.
Do
not miss the business opportunity of Global Mushroom Cultivation market.
Consult our analyst, gain crucial insights, and facilitate your business
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The in-depth analysis of the report
provides the growth potential, upcoming trends, and statistics of the Global
Mushroom Cultivation Market size & forecast. The report promises to provide
state-of-the-art technology of Global Mushroom Cultivation Market and industry
insights, which help decision-makers to make sound strategic decisions. Furthermore,
the report also analyzes the market drivers, challenges, and competitive
analysis of the market.
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