Market Overview
The Global Edible Mushroom Market has become a pervasively flourishing space. The popularity of these mushrooms is on a constant rise. Edible mushrooms are consumed in high volume globally owing to their health benefits and low sodium and gluten content, which adds to its nutritional value. Mushrooms are also consumed for their medicinal properties to reduce the risk of cardiovascular diseases. Low in saturated fat, mushrooms are high in fiber content, which raises its demand among the health-conscious consumers. According to a leading research firm, Market Research Future (MRFR), the global edible mushroom market is expected to garner significant accruals by 2023. In its recently published analysis, MRFR also asserts that the market would register a substantial CAGR throughout the forecast period (2017 – 2023).
Spreading awareness regarding the health benefits and versatility of mushrooms are some of the key driving forces behind the growth of the market. Additional factors that are supporting the market growth include growing interest in plant-based products and changing consumer preferences for meat alternatives is driving the market. Inclination of consumers towards veganism has been influencing growth in the global edible mushroom market.
Conversely, factors, such as the volatility in prices and demand-supply gap of edible mushroom beans are expected to pose challenges in the growth of the market. Nevertheless, factors such as the emergence of organic edible mushroom and various functional foods based on edible mushroom would support market growth over the forecast period.
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Major Players
Highly competitive, the edible mushroom market appears to be fragmented with low entry barriers and rising competition. International players, alongside, the regional players as well as new entrants, form a competitive landscape in the market. New players and online players are challenging many retailers and manufacturers. Many leading producers and retailers continue to expand through merger & acquisition and collaborations strategies to gain a competitive share in the marketplace.
Players leading the edible mushroom market include
- Monaghan Mushrooms (Ireland),
- The Mushroom Company (US),
- Bonduelle Group (France),
- Lutèce Holding B.V. (the Netherlands),
- Okechamp S.A. (the Netherlands),
- Shanghai Finc Bio-Tech Inc. (China)
- Monterey Mushrooms, Inc. (US)
Industry Advancements/Related News
February 12, 2019 —- South Mill Champs (the US), one of the largest mushroom growers nationwide, launched a new snack food venture – Shrooms Snacks. Under the new product line, the brand aims to provide adventurous tasting, better-for-you snacks using mushrooms grown and handpicked at its own farms. The launch comes as plant-based snacking continues to make waves in the food industry, showing large-scale opportunities for growth.
Market Segmentation
The report is segmented into four market dynamics to widen the scope of understanding,
By Type : Button Mushroom, Shiitake Mushroom, and Oyster Mushroom, among others.
By Category: Fresh Mushrooms, Processed Mushrooms (Canned, Frozen, Dried others)
By Distribution Channel : Store-based (Supermarkets/Hypermarkets, Specialty Retailers, Convenience Stores, others) and Non-store Based (E-Commerce).
By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World.
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Regional Analysis
The edible mushroom market in the European region accounts for the major share, globally. Europe is the largest producer of edible mushroom in the world due to the rising cultivation of fiber-rich food commodities from the countries of these regions. Also, the European government supports the organic production of mushrooms. These two factors commutatively influence the high production volume of edible mushroom in the European region. Japan, Italy, France, Germany, and Spain are the major importers of edible mushrooms.
The Asia Pacific edible mushroom market takes the second lead in the global market, following the European market, closely. One of the largest producers of mushrooms, the APAC region has been witnessing remarkable growth over the past few years. Due to the changing food consumption pattern, the region is projected to generate high revenue during the given forecast period. Moreover, rising health awareness and increasing demand for meat substitutes escalate the market demand in the region.
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