According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of edible fungus market are expected to rise at a rate of 5.5% CAGR and reach USD 82.2 billion in value by 2032.
The desire from consumers for low-fat, low-cholesterol foods that are also high in vitamins, minerals, and other micronutrients like potassium and selenium is expected to fuel the growth of the worldwide mushroom industry. The rapid expansion of the foodservice business is driving up demand for mushrooms in lodging facilities, dining establishments, and cafeterias.
The industry will grow in the next years due to rising consumer demand for mushrooms as a meat alternative and a rise in the number of vegans. Important Asian countries that produce mushrooms are being compelled to look into new markets due to the rising demand for processed mushrooms, especially in Western nations.
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A number of governments are making investments to produce higher-quality mushroom species suitable for export to other nations and human consumption. More mushroom yields might be obtained by employing an improved pest control technique to decrease the damage caused by bug infestations, which would ultimately aid in the expansion of the mushroom market.
Key Takeaways from Market Study
- China is the world’s largest producer of mushrooms, with the country having the highest per capita consumption of edible fungus of any region.
- Fresh mushroom demand is increasing around the world, particularly in the United States and other developed economies.
- The button mushroom has a significant market share in the Edible Mushroom Market.
- Fresh Mushroom segment dominates the Global Edible Mushroom market due to easy availability, consumer acceptance, and increased awareness about the disadvantages of using processed food products.
“The growing acceptance of Western cuisine among networks in non-industrial countries contributes to the global development of edible mushrooms during the forecasted period,” says a lead analyst at Future Market Insights.
Competitive Landscape
The edible fungus industry is expanding rapidly in many developed and emerging economies, but organized distribution remains a challenge in many countries and regions. Investment by market participants and the government in developing a fresh and processed distribution system for mushrooms would provide significant growth opportunities for global mushroom sales.
Some of the key players in the Edible Fungus Industry include Xuerong Biotechnology, Ruyiqing, JUNESUN FUNGI, China Greenfresh Group, Shanghai Bright Esunyes, Starway Bio-technology.
Under Chinese leadership, fresh mushrooms are emerging: Shifting Global Attitudes Raise the market for fungi that can be eaten! Finding the Main Players, Trends, and Growth Prospects in the US, Europe, and Other Areas
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Future Market Insights, in its new offering, provides an unbiased analysis of edible fungus presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Edible Fungus Market by Category
By Product Type, Edible Fungus Industry is Segmented as:
- Shiitake
- Auricularia Auricula-judae
- Pleurotus Ostreatus
- Enokitake
- Agaricus Bisporus
By Application, Edible Fungus Market is Segmented as:
- Fresh Mushrooms
- Dried Mushrooms
- Canned Mushrooms
- Frozen Mushrooms
By Region, Edible Fungus Market is Segmented as:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
Frequently Asked Questions
- At what rate will the Edible Fungus Industry grow?
- What is the expected value of the Edible Fungus Industry by 2032?
- What are the key factors driving the Edible Fungus Industry?
- Which region adds to the highest Edible Fungus Industry Valuation?
- What are the key strategies adopted by the major players of the Edible Fungus Industry?
- Who are the key players in the Edible Fungus Market?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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