Global COVID-19 Pandemic Impact on Edible Mushroom Market 2020 shares rose to new heights after the stock splits took effect due to the Coronavirus pandemic, extending meteoric stocks this year. Market Research Future states in its report that the market, during the period from 2019 to 2024, would generate revenue of USD 37.46 billion if the rate of growth was kept at 7.33%. This pace of growth will not only stream the market’s valuation in the future but also take at a higher level of business at a global level.
Edible Mushroom Boomers & Decliners
Growing demand for low-fat food and cholesterol content packed with nutrients such as potassium, vitamins, selenium, and other micronutrients might escalate the growth of the global mushroom market. The rapidly expanding the foodservice industry is boosting the demand for mushroom across restaurants, hotels, and cafeterias. The escalating adoption of mushrooms as a substitute for meat, coupled with the growing number of vegan populations, is also anticipated to drive the growth of the market during the foreseeable years.
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MRFR further noticed while studying that the growing demand for processed mushrooms, especially across western countries, is generating export opportunities for major mushrooms producing Asian countries. This is also contributing to the market’s expansion considerably. On the other side, various governments of countries are investing in the making of sky-scraping-quality mushrooms that are safe for human consumption as well as could be exported to other countries for revenue generation purpose. Adoption of the advanced pest management system to control damage caused owing to pest infection in mushrooms can further result in higher mushroom yields, which will eventually aid the market growth of mushrooms.
On the other side, the production of mushrooms worldwide has been progressively increasing, mainly support from contributions from developing countries such as India, China, and Vietnam. There is also an escalation in experimentally based evidence to support centuries of observations regarding the nutritional and medicinal benefits of mushrooms. The value of mushrooms has recently is promoted to tremendous levels with edible mushrooms, which is yet another important factor leading the market’s growth.
The Mushroom Company (India), Bonduelle Group (France), Lutèce Holding BV (Netherlands), Shanghai Finc Bio-Tech Inc. (China), Ecolink Baltic (Lithuania), and California Mushroom Farm Inc. (US) are some of the top players in the Global COVID-19 Pandemic Impact on Edible Mushroom Market.
Global COVID-19 Pandemic Impact on Edible Mushroom Market has been studied over various segments such as type, category, and distribution channel.
The global market by the segment of type has included portobello, white button, oyster, shiitake, and others.
The global market by the segment of the category has included organic and conventional.
Global COVID-19 Pandemic Impact on Edible Mushroom Market by the segment of the distribution channel has included store-based and non-store-based. Among these, the store-based segment has also included supermarkets & hypermarkets, convenience stores, and more.
Mushroom production and consumption in the Europe region are proliferating owing to rising demand for nutrition-rich food. In countries such as the Netherlands, the U.K., Spain, Germany, and others, the demand for mushroom for medicinal purposes is observing decent growth, and the trend might continue during the forthcoming years. The utilization of advanced mushroom processing techniques by mushroom producers and distributors in Europe is also predicted to throw into the growth of the processed mushroom sales across the Europe region.
The per capita consumption of mushroom in China, which is the largest producer of mushroom in the world, is superior to any other country. The consumption of mushrooms in Asian countries such as India, Japan, is escalating at a noteworthy pace ascribed by mounting production along with the augmented import of mushrooms in these countries. Adoption of advanced and modern mushroom cultivation techniques by mushroom farmers in the APAC region is expected to fuel the mushroom market of the region in the forthcoming years. The volumetric consumption of mushroom in the Asia Pacific was 10.25 Million Ton in 2019 and is now ready to inflate at a rapid pace during the forecast years.
The mushroom market trends in North America, especially in the U.S., are expanding significantly. The factor is counted to be a higher demand for the product attributed to the abundance of health benefits offered by mushrooms. The U.S. is one of the top producers of button mushrooms in the world. Top market players in North America are adopting advanced cultivation technology along with merger and acquisition activities to boost production capacity and maintain a reputation in the regional market.
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