Global Mushroom Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the global Mushroom Market is expected to record a CAGR of 10.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 61,797.6 Million. By 2033, the valuation is anticipated to reach USD 146,912.1 Million.

Agaricus and Specialty Mushroom Sales in the United States

Year	Volume of Sales (1,000 Pounds)
2019-2020	8,16,367
2020-2021	7,57,987
2021-2022	7,02,391

Source: According to USDA

The Mushroom Market refers to the global industry involved in the cultivation, production, distribution, and sale of various types of mushrooms for consumption and other applications. Mushrooms are fungi rich in essential nutrients, vitamins, and minerals, making them a popular ingredient in diverse cuisines worldwide.

The market encompasses a wide range of mushroom varieties, including button, shiitake, oyster, and portobello mushrooms, available in fresh and processed forms.

With increasing consumer awareness of their nutritional benefits and the rising popularity of plant-based diets, the Mushroom Market is experiencing steady growth, driven by factors such as innovation, sustainability, and changing dietary preferences.

Mushroom Market – Significant Growth Factors

The Mushroom Market presents significant growth opportunities due to several factors:

• Health and Wellness Trends: Growing consumer awareness of the nutritional benefits of mushrooms, including their high protein content, low calorie count, and various vitamins and minerals, drives demand for mushrooms as a healthy food option, boosting the market growth.

• Rising Popularity of Plant-based Diets: The increasing adoption of plant-based diets and vegetarianism/veganism fuels demand for mushrooms as meat substitutes and versatile ingredients in various cuisines, contributing to market expansion.

• Technological Advancements in Cultivation: Continuous advancements in mushroom cultivation techniques, such as controlled environment cultivation (CEC) methods and innovative farming practices, improve yield, quality, and efficiency, supporting market growth.

• Expansion of Distribution Channels: The mushroom market benefits from the expansion of distribution channels, including supermarkets, specialty stores, online retail platforms, and food service providers, enhancing accessibility and driving market penetration.

• Product Diversification and Innovation: Opportunities exist for product diversification and innovation in the mushroom market, including the development of value-added mushroom products, such as powders, extracts, supplements, and ready-to-eat meals, catering to evolving consumer preferences and expanding market reach.

• Sustainability Initiatives: With increasing focus on sustainability and environmental consciousness, there are opportunities for mushroom producers to adopt sustainable cultivation practices, promote eco-friendly packaging, and implement waste reduction initiatives, meeting consumer demand for environmentally responsible food choices and enhancing market competitiveness.

Mushroom Market – Mergers and Acquisitions

The Mushroom Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Mushroom Market include:

• In 2023, Meati, a startup specializing in whole-cut meat substitutes derived from mushroom roots, launched its inaugural steak fillet product. Utilizing mycelium, the vegetative part of a fungus, the steak fillet is offered directly to consumers via Meati’s website, showcasing innovation in plant-based protein alternatives.

• In 2022, Innomy, a Spanish company specializing in mushroom-based meat substitutes, announced €1.3 million (USD 1.26 million) in Pre Series A funding to expand its product presence across Europe. Highlighting mycelium’s nutritional benefits, Innomy aims to capitalize on its potential as a promising protein source for the future.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Mushroom Market. The trend is expected to continue as companies seek a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Mushroom Market	White Mushroom Market	Natural Food and Drinks Market
CAGR 10.1% (Approx)	CAGR 6.8% (Approx)	CAGR 9.1% (Approx)
USD 146,912.1 Million by 2033	USD 65.4 Billion by 2033	USD 35,085.5 Million by 2033

Mushroom Market – Significant Threats

The Mushroom Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Vulnerability to Pest and Disease Outbreaks: Mushroom cultivation is susceptible to various pests and diseases, which can significantly impact crop yields and quality, posing a threat to the overall stability of the market.

• Climate Change and Environmental Factors: Changes in climate patterns and extreme weather events can disrupt mushroom cultivation processes, affecting production volumes and increasing operational risks for mushroom growers.

• Competition from Substitutes: Mushrooms face competition from other food products and meat alternatives in the plant-based food segment, such as tofu, tempeh, and plant-based meat substitutes, which could potentially reduce consumer demand for mushrooms.

• Price Volatility and Market Fluctuations: Factors such as fluctuations in raw material costs, labor shortages, and market demand-supply imbalances can lead to price volatility in the mushroom market, impacting profitability and sustainability for growers and suppliers.

• Regulatory and Compliance Challenges: Compliance with food safety regulations, quality standards, and environmental regulations imposes additional costs and administrative burdens on mushroom producers, especially smaller-scale growers, potentially hindering market entry and growth.

Category-Wise Insights:

By Type of Mushroom

• Button Mushrooms: Button mushrooms, also known as white mushrooms, are the most commonly cultivated mushroom variety. They have a mild flavor and versatile culinary applications, making them popular in various cuisines worldwide. Trends include increasing demand for organic and locally sourced button mushrooms, as well as innovation in packaging and processing to extend shelf life and enhance convenience for consumers.

• Shiitake Mushrooms: Shiitake mushrooms are prized for their rich umami flavor and meaty texture. They are widely used in Asian cuisines and are gaining popularity in Western markets due to their health benefits and unique taste. Trends include the rise in specialty mushroom farms cultivating shiitake mushrooms, as well as the development of value-added products like shiitake mushroom extracts and supplements.

• Oyster Mushrooms: Oyster mushrooms have a delicate flavor and velvety texture, making them versatile ingredient in culinary applications. Trends include the growing interest in home cultivation kits for oyster mushrooms, as well as the use of oyster mushrooms in plant-based meat alternatives and vegan products due to their meat-like texture and umami taste.

• Portobello Mushrooms: Portobello mushrooms are large, mature cremini mushrooms with a meaty texture and robust flavor. They are commonly used as a meat substitute in vegetarian dishes and grilled for burgers and sandwiches. Trends include the increasing popularity of portobello mushroom steaks and burger patties in the plant-based food market, as well as the development of gourmet stuffed portobello mushroom recipes.

• Others: This category encompasses a wide range of mushroom varieties, including enoki, chanterelle, porcini, and more. Trends vary depending on the specific mushroom type but may include increased demand for exotic and specialty mushrooms in gourmet cuisine, as well as the development of innovative cultivation techniques and value-added mushroom products to meet consumer preferences for unique flavors and culinary experiences.

By Form

• Fresh Mushrooms: Fresh mushrooms refer to mushrooms that are sold in their natural state, without undergoing any significant processing. The trend in the fresh mushroom segment includes increasing consumer demand for organic and locally sourced varieties, as well as the popularity of exotic mushroom varieties like shiitake and oyster mushrooms. Additionally, there is a growing preference for pre-packaged and value-added fresh mushroom products to cater to convenience-oriented consumers.

• Processed Mushrooms: Processed mushrooms encompass a variety of mushroom products that have undergone processing methods such as canning, drying, freezing, or pickling. Trends in the processed mushroom segment include the rising demand for convenience foods and ready-to-eat meals containing processed mushroom ingredients. Additionally, there is a growing interest in value-added mushroom products such as mushroom powders, extracts, and supplements, driven by consumer interest in functional foods and nutritional supplements.

By Distribution Channel

• Supermarkets/Hypermarkets: Supermarkets and hypermarkets are major distribution channels for mushrooms, offering a wide range of fresh and packaged mushroom products. Trends include increased shelf space dedicated to organic and specialty mushroom varieties, strategic placement in produce sections to enhance visibility, and promotional activities such as discounts and bundle offers to attract consumers.

• Specialty Stores: Specialty stores, including gourmet markets and health food stores, cater to niche consumer preferences for premium and organic mushroom varieties. Trends include curated selections of exotic and specialty mushrooms, personalized customer service, and educational initiatives highlighting the health benefits and culinary uses of mushrooms.

• Online Retail: Online retail platforms provide convenience and accessibility for consumers to purchase mushrooms from the comfort of their homes. Trends include the emergence of dedicated online marketplaces for fresh and dried mushroom products, subscription services offering curated mushroom boxes, and innovative packaging solutions to ensure freshness and quality during transit.

• Food Service Providers: Food service providers such as restaurants, hotels, and catering companies source mushrooms for use in various culinary applications. Trends include menu diversification with mushroom-based dishes, collaboration with local mushroom growers for fresh and seasonal offerings, and the incorporation of mushrooms into plant-based and vegetarian menu options to cater to changing consumer preferences.

• Others: Other distribution channels for mushrooms may include farmers’ markets, community-supported agriculture (CSA) programs, and direct-to-consumer sales from mushroom farms. Trends include the rise of farm-to-table initiatives promoting locally sourced mushrooms, pop-up markets featuring specialty mushroom vendors, and the adoption of sustainable packaging practices to minimize environmental impact.

By End Use

• Household Consumption: Mushrooms are widely used in households for culinary purposes, adding flavor and nutritional value to various dishes. Trends include the increasing popularity of plant-based diets, driving demand for mushrooms as meat substitutes, and the rising consumer awareness of the health benefits of mushrooms, leading to their incorporation into everyday cooking routines and recipes.

• Food Processing Industry: The food processing industry utilizes mushrooms as ingredients in various products such as soups, sauces, snacks, and ready-to-eat meals. Trends include the development of innovative mushroom-based products, such as meat alternatives and plant-based protein sources, to cater to the growing demand for healthier and sustainable food options.

• Pharmaceuticals: Mushrooms have medicinal properties and are used in pharmaceuticals for their potential health benefits, including immune system support and anti-inflammatory properties. Trends include research and development initiatives focusing on the therapeutic properties of mushrooms, leading to the development of mushroom-derived supplements and pharmaceutical products for various health conditions.

• Cosmetics and Personal Care Products: Mushrooms are increasingly used in cosmetics and personal care products for their skincare benefits, including hydration, anti-aging, and skin brightening properties. Trends include the incorporation of mushroom extracts and derivatives in skincare formulations, reflecting the growing consumer demand for natural and organic ingredients in beauty products.

• Others: Mushrooms find applications in various other industries, including dietary supplements, pet food, and biotechnology. Trends include the exploration of new uses and applications of mushrooms, such as in biodegradable packaging materials, animal feed additives, and environmental remediation solutions, driven by advancements in research and technology.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 61,797.6 Million
Projected Market Size in 2033	USD 146,912.1 Million
Market Size in 2023	USD 56,128.6 Million
CAGR Growth Rate	10.1% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Type of Mushroom, Form, Distribution Channel, End Use and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Mushroom Market – Regional Analysis

The Mushroom Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: In North America, a significant trend in the Mushroom Market is the growing popularity of specialty and exotic mushroom varieties such as shiitake, oyster, and lion’s mane mushrooms. Additionally, there’s a rising demand for organic and locally sourced mushrooms, driven by consumer preferences for sustainable and ethically produced food products.

• Europe: In Europe, key trends in the Mushroom Market include the increasing consumption of processed mushroom products such as canned, dried, and frozen mushrooms, reflecting changing consumer lifestyles and preferences for convenience foods. Furthermore, there’s a growing emphasis on mushroom cultivation using sustainable practices and organic farming methods to meet stringent food safety and environmental regulations.

• Asia-Pacific: In the Asia-Pacific region, a notable trend is the expansion of mushroom cultivation in countries such as China, India, and Japan, driven by favorable climatic conditions, technological advancements, and government support for agriculture. Additionally, there’s a growing interest in medicinal mushrooms and functional mushroom products, with research and development focused on exploring their therapeutic properties and health benefits.

• LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, key trends in the Mushroom Market include the increasing adoption of mushroom cultivation in urban areas and peri-urban regions, driven by rising urbanization and demand for fresh produce. Moreover, there’s a growing focus on value-added mushroom products such as mushroom powders, extracts, and supplements, catering to health-conscious consumers and dietary supplement markets in the region.

Competitive Landscape – Mushroom Market

The Mushroom Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

• Monaghan Mushrooms Ltd.
• The Mushroom Company
• Phillips Mushroom Farms
• Okechamp S.A.
• Modern Mushroom Farms
• Scelta Mushrooms BV
• Funguys Gourmet
• Costa Group Holdings Limited
• Monterey Mushrooms Inc.
• Giorgio Fresh Co.
• South Mill Mushrooms Sales
• Weikfield Foods Pvt. Ltd.
• Bonduelle SA
• Hirano Mushroom LLC
• The California Mushroom Farm Inc.
• Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New players entering the Mushroom Market with innovative approaches include companies like Smallhold, which specializes in vertical farming techniques for mushroom cultivation, utilizing technology to optimize production in urban environments.

Additionally, startups like MycoTechnology are focusing on novel mushroom-based ingredients for food and beverage applications. Dominant players in the market include Monaghan Mushrooms, which leverages extensive cultivation expertise and a global distribution network to maintain a leading position.

Furthermore, companies like Scelta Mushrooms and Okechamp S.A. dominate by offering a diverse range of mushroom products catering to various consumer preferences.

The Mushroom Market is segmented as follows:

By Type of Mushroom

• Button Mushrooms
• Shiitake Mushrooms
• Oyster Mushrooms
• Portobello Mushrooms
• Others

By Form

• Fresh Mushrooms
• Processed Mushrooms

By Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• Online Retail
• Food Service Providers
• Others

By End Use

• Household Consumption
• Food Processing Industry
• Pharmaceuticals
• Cosmetics and Personal Care Products
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America