Global Mushroom Cultivation Market was valued at USD 16.9 billion in 2019
Published | 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.
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.
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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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