Market Overview
Mushroom Market Size, Share, Analysis, 2021-2027
A comprehensive overview of the mushroom market is recently added by UnivDatos Market Insights to its humongous database. The mushroom market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the mushroom market. mushroom market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the mushroom market at the global and regional levels. The Global Mushroom Market is expected to grow at a CAGR of ~9% from 2021-2027 to reach above US$ 75 billion by 2027.
Market Overview
For the last sixty years, veganism has been the minority of vegetarianism which is another minority. However, this trend has been changed and it has been seen that since the last four years these minorities are taking over the world. Therefore, the demand for mushrooms has been rising across the globe on account of the growing vegan population as there is an increase in the number of people adopting a vegan diet that prefers protein-rich vegan products. For instance, in the United States, the number of vegans grew by 600% from 4 million in 2014 to 20 million in 2018. Also, this trend can be clearly stated by the data from google trends which shows that there has a high volume of vegan-related searches in any language.
Additionally, the growth of this market can be attributed to the growing consumption of mushrooms leading to the rise in the production of mushrooms. For instance, In 2019, China was ranked first with regards to truffles and mushrooms production as the country increased its net production of truffles and mushrooms by 3.4% in 2019 as compared to the previous year. Also, the growing demand for mushrooms and the need to meet consumer demand is leading to the increase in imports of mushrooms in various countries.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. All industries have suffered some form of loss due to the pandemic and the mushroom industry has not been left untouched by this unprecedented crisis of modern times. This industry has its share of challenges due to the COVID-19 pandemic as the lockdown restrictions have resulted in the widespread closure of many production functions. Also, there has been a decline in trade and transportation which has disrupted the supply chains of mushrooms because of which its market has witnessed shortfalls.
Global mushroom market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product Type, the market is primarily fragmented into
· Button
· Shiitake
· Oyster
· Others
Amongst Product Types, the button segment of the global mushroom market was valued at USD X billion in 2020 and is likely to reach USD X billion by 2027 growing at a CAGR of X% from 2021-2027. However, the shiitake mushroom is also expected to grow in the forthcoming years.
By Form, the market is primarily segmented into
· Fresh
· Processed
By Form, the fresh segment dominated the global mushroom market and will row at X% CAGR to reach US$ X billion by the year 2027.
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By Application, the market is primarily segmented into
· Food
· Pharmaceutical
· Cosmetics
By Application, the Food segment dominated the global mushroom market and will row at X% CAGR to reach US$ X billion by the year 2027.
By Distribution Channel, the market is primarily segmented into
· Hypermarket & Supermarket
· Convenience Stores
· Grocery Stores
· Online
By Distribution Channel, the hypermarket & supermarket segment dominated the global mushroom market and will row at X% CAGR to reach US$ X billion by the year 2027. However, online stores are anticipated to witness the fastest growth over the forecast period.
Mushroom Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
· Rest of the World
Geographically, the Asia-pacific region dominated the mushroom market with almost US$ X billion revenue in 2020 owing to an increase in production and consumption of mushrooms in countries such as China, Japan, Australia, etc.
The major players targeting the market includes
· Basciani Foods Inc.
· Monaghan Mushrooms
· BioFungi GmbH
· Mush-Boom Costa
· Bonduelle
· Weikfield Foods Pvt. Ltd.
· Greenyard
· Valley Mushrooms
· SA Mushrooms
· Scelta Mushroom BV
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the mushroom market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the mushroom market?
• Which factors are influencing the mushroom market over the forecast period?
• What are the global challenges, threats, and risks in the mushroom market?
• Which factors are propelling and restraining the mushroom market?
• What are the demanding global regions of the mushroom market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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