Market Research

Global Mushroom Cultivation Market Was Values USD 16.9 billion in 2019, and it is expected to advanced at USD 19.04 billion by 2026

May 27, 2020 12:00 PM ET

iCrowd Newswire – May 27, 2020

Rising commercial mushroom intake in restaurants, hotels, supermarkets, cafeterias are predictable to play an essential role in influencing the market shortly. The Global Mushroom Cultivation Market was prized at USD 16.9 billion in 2019, and it is predictable to reach USD 19.04 billion by 2026, at a CAGR of 4.3 %, over the forecast period 2020-2026. Shifting consumer likings towards vegan food and growing meat substitute demand is anticipated to help the mushroom market over the estimated time. Shiitake and Button mushrooms are rich protein sources, making them needed meat substitutes amid consumers. Flowing consumer likings towards processed food consumption is another crucial factor probable to help the market over the next seven years.

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The global mushroom cultivation market is predictable to witness substantial development due to factors such as the numerous health welfares of mushrooms, growing per capita mushroom intake, cost-effective production, growing request for vegan and natural food in the diet, and growing health mindful population across the sphere contributing the request for mushroom cultivation.

Mushrooms are measured well for fitness, as they comprise negligible sodium and gluten content. Low fat and lipid content are assumed to result in higher mushroom reception amid consumers. Mushroom covers various nutrients such as potassium, selenium and vitamin, button, and oyster. Demand for mushrooms has risen significantly over the past years in the processing industry. Processed mushroom comes in the profitable market as canned, dried, and frozen. Other than these categories, the processed mushroom also includes pickled mushroom, mushroom sauces, powder mushroom. Animal and bio-based industrial trash can be used as a valid choice for mushroom cultivation.

Mushrooms have a diverse life cycle likened to green plants. Land usage is very fewer in mushroom farming, and they can be full-grown in lawns, woodlands, and polytunnels. Such minimal land usage is probable to positively affect the market by hopeful mushroom growers to utilize small areas of cultivable land efficiently. Mushroom production can be used for medicinal aims due to its vitamin D and vitamin B content as well as magnesium, calcium, phosphorus, potassium, and other such minerals content.

Shiitake and Button mushrooms are rich protein sources making them wanted meat substitutes among customers. Flowing consumer likings towards managed food intake is an additional key factor probable to help the market over the next seven years. Mushrooms have a significantly short shelf life, which is expected to affect the market in the near future adversely. Mushroom farming is heavily labor rigorous and needs extra operational costs. This vital factor has the capability to hamper market development over the forecast period.

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Europe conquered the global mushroom market in the recent past, followed by the Asia Pacific. Emerging economies such as China and India are predicted to witness fast mushroom request development over the prediction period owing to rising population and growing health mindfulness. The per capita consumption in China, the primary producer of mushrooms in the world, is higher than any other country. The ingesting of mushroom in Asian countries such as Japan, India, and others are increasing at a vital rate accredited by growing production. 

Some of the leading players operating in the global mushroom cultivation market are Monaghan Mushrooms (Ireland), Walsh Mushrooms Group (Ireland), Mycelia (Belgium), South Mill Mushrooms Sales (US), Smithy Mushrooms Ltd. (UK), Rheinische Pilz Zentrale GmbH (Germany), Italspwan (Italy), Mushroom SAS (Italy), Hirano Mushroom LLC (Kosovo), Fujishukin Co. Ltd. (Japan) and other prominent players.

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