What is Porcini Mushroom Powder Market?
Porcini mushrooms are also called penny bun which belongs to family Boletaceae. They are the most widely consumed wild mushrooms. They are used for their earthy, meaty flavour in recipes for Italian pasta and rice dishes, soups and sauces, and savoury specialties like risotto. However, they are difficult to cultivate with distinct harvest seasons, and hence, they are more expensive as compared to other types. The porcini mushroom powder has a floury texture and a rich flavour. The powder can be stirred into liquids for added flavour in sauces and broths, or added to flour when making bread or pasta dough. Moreover, it is used as a cosmetic ingredient in Europe and Asia Pacific.
The market study is being classified, by Application (Cosmetic, Food and Pharmaceuticals) and major geographies with country level break-up.
Hoosier Hill Farm (United States), Whole Earth Harvest (United States), D'Artagnan, LLC (United States), Planetary Herbals (United States), WildEarth (Australia), Quay Ingredients Ltd. (United Kingdom), Woodland Foods (United States), Sayan Health (United States), Spices Inc. (United States) and Baikal Herbs (Russia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are EQUAGOLD Limited (New Zealand), Etsy, Inc. (United States) and Delicious & Sons (Spain).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Porcini Mushroom Powder market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Porcini Mushroom Powder market by Type, Application and Region.
On the basis of geography, the market of Porcini Mushroom Powder 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Health Benefits of Porcini Mushrooms
- Increasing Usage of Porcini Mushrooms in Food Industry
Market Trend
- Growing Usage of Porcini Mushroom Powder for Medicine and Cosmetics
Restraints
- High Costs Associated with Porcini Mushroom as Compared to Other Types
Opportunities
- Rising Disposable Income
- Growing Awareness Among the Consumers
Challenges
- Stiff Competition Among the Emerging and Major Players
- Difficult to Cultivate Porcini Mushrooms
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others