NEW YORK, Dec. 23, 2021 /PRNewswire/ — The global mushroom market is set to grow by $18.78 billion between 2020 and 2025, accelerating at a CAGR of 6.43% during the forecast period.
The market is segmented by product (fresh mushroom, canned mushroom, and dried mushroom) and geography (Europe, APAC, North America, South America, and MEA). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.
Purchase our full report on the Mushroom market for a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
Key takeaways from the mushroom market study
- Mushroom market size to increase by USD 18.78 billion at 6.43% CAGR between 2020 and 2025
- 5.69% year-over-year growth expected in 2021
- 38% market growth to originate in APAC during the forecast period
- The fresh mushroom segment accounted for maximum growth in the market in 2020
- Dominant vendors include BONDUELLE SA, Drinkwater Mushrooms, Giorgio Fresh Co., Highline Mushrooms, Hughes Mushroom, Lambert Spawn, Monaghan Mushrooms Ireland Unlimited Co., MycoTerraFarm, Okechamp SA, and The Mushroom Co.
Mushroom Market: Growth Drivers and Restraints
The mushroom market is driven by the medicinal benefits associated with the consumption of mushrooms. Mushrooms are considered superfoods as they are rich in antioxidants. They contain selenium which is not found in most vegetables. It plays a vital role in liver enzyme function and combating cancer by eliminating cancer-triggering compounds.
This mineral also inhibits tumor growth and reduces inflammation. Mushrooms also contain vitamin C, fiber, and potassium that promote cardiovascular health by reducing high blood pressure. Many such health benefits are increasing the consumption of mushrooms by consumers across the world, which is driving the growth of the market.
“Although the growth potential through untapped markets and new product launches and market expansion strategies will further boost the market growth, uncertain economic conditions, supply chain challenges and labor shortages, risks related to diseases, abnormal temperature change, and extreme weather events, and stringent regulations and guidelines might reduce the growth opportunities for market players”, says an analyst at Technavio.
The Mushroom market report answers questions such as:
Is the market structure fragmented or concentrated?
What was the market size in 2020 and the forecast of the Mushroom market through 2025?
Which are the best segment areas to invest in over the forecast period?
What is the market share of dominant and strong vendors in the Mushroom market?
What are the latest trends and regulatory frameworks in the Mushroom market?
Get all your questions answered in our full report.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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