What is Mushroom Market?
Mushroom is defined as the fungal growth which naturally produced above ground on the soil. It is also known as a toadstool. It contains various nutrients namely potassium, selenium, vitamin and others. There is numerous benefit of eating mushroom food such as the rich source of selenium, lower cholesterol, prevent diabetes, improve bone health, nutrient absorption, boost the immune system, lower blood pressure, weight loss, and others.
The market study is being classified by Type (White Button Mushroom, Crimini Mushroom, Portobello Mushroom, Shiitake Mushroom, Oyster Mushroom, Enoki Mushroom, Chanterelle Mushroom, Porcini Mushroom, Shimeji Mushroom and Morel Mushroom), by Application (Food, Medicine and Others) and major geographies with country level break-up.
Costa Group (Australia), Bonduelle Italia S.r.l. (Italy), Monaghan Mushrooms (Ireland), Agro Dutch Industries Ltd. (India), The Mushroom Company (India), Banken Champignons (Netherlands), OKECHAMP S.A. (Poland), Bonduelle (France), Modern Mushroom Farms, Inc. (United States) and Drinkwater Mushrooms Ltd. (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are K. Hughes & Company Ltd. (United Kingdom), Weikfield Foods Pvt. Ltd. (India), Scelta Mushrooms BV (Netherlands), Monterey Mushrooms, Inc. (United States) and California Mushroom Farms Inc. (United States).
The mushroom market appears to be highly fragmented and with the presence of several companies including Costa Group (Australia), Bonduelle Italia S.r.l. (Italy), Monaghan Mushrooms (Ireland), among others Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Mushroom market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Mushroom market by Type, Application and Region. On the basis of Type, Button Mushroom are dominating the market in the year 2020 where as Shiitake Mushroom stood as second largest market share.
On the basis of geography, the market of Mushroom has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2020. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Awareness among the People about the Benefits of Mushrooms across the worldwide
- Rising Consumption of Processed Food Items and Increasing Investment by Firms
Market Trend
- One of the latest Trend of this Market is the Rigorous Research and Development Activities and Growth Activities by Various Companies such as Costa Group (Australia)
Restraints
- Issue related to the Extremely Low Shelf-Life of Mushroom and Poor Process Management for Manufacturing Product
Opportunities
- Increasing Disposable Income in the Urban Areas, and People Living in Metro Cities of Developing Nations such as China, India, Brazil, Philippines, among others
Challenges
- Issue Related to Mushroom Cultivation is the Necessity to Constantly Regulate the Temperature
Market Leaders and some development strategies
In December 2018, the Monaghan Mushrooms (Ireland) Company has completed the acquisition with Walkro Company, which is the leading producer of substrate for the mushroom industry. Hence, this acquisition would strengthen its position in the mushroom industry.
In February 2019, the Shrooms Snacks Company has launched four adventurous product lines of innovative mushroom-forward snacks, which includes mushroom jerky, crispy mushrooms, mushroom snack bars and others. Hence, this launched enabled the company to strengthen its mushroom product portfolio.
According to the Government of the United States, there is specific regulation regarding manufacturing mushrooms products. This guideline was provided by the American Mushroom Institute and Penn State University, which is standards for fresh mushroom growing, harvesting, as well as shipping
Key Target Audience
Manufacturers of Mushroom, Suppliers of Mushroom, Wholesalers, Distributors and Retailers of Mushroom, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others