Button Mushroom Market Research Analysis 2021-2026:
Button Mushroom Market size was at USD 16.69 billion in 2020 and is anticipated to reach to an extent of USD 23.79 billion, developing at a CAGR of about 7.38% throughout the foreseen period 2021-2026. Mushrooms are edible food products that are rich in riboflavin, potassium, vitamin D, selenium, and other ingredients that are beneficial to human health. The results of preclinical and clinical studies on the consumption of edible mushrooms suggest that their consumption can promote healthy immunity, weight control, and improvement of general health. Additionally, consuming mushrooms can potentially reduce the risk of diseases, such as prostate cancer and breast cancer. Button mushroom also called a common mushroom or Agaricus bisporus, is a widely cultivated and consumed mushroom in the world. The product is increasingly recognized and is becoming a crucial part of the diet not only in developed markets but also in developing markets. With the expansion of the global mushroom industry, the commercial production and distribution of button mushrooms has improved significantly. A positive business scenario for mushrooms, coupled with the start of cultivation of several varieties of mushrooms in major mushroom producing regions, which is expected to drive the global mushroom market growth in the coming years.
Market Drivers and Restraints:
The growing demand for foods low in fat and cholesterol and rich in nutrients such as selenium, potassium, vitamins and other micronutrients is expected to intensify the growth of the Global Button Mushrooms Market. The rapid expansion of the catering industry is driving the demand for mushrooms in hotels, restaurants and coffee shops. The increasing adoption of mushrooms as a meat substitute, along with a growing number of vegan populations, is expected to further drive market growth in the years to come. The growing demand for processed mushrooms, especially in Western countries, creates export opportunities for major mushroom producing countries. Governments in several countries are investing in the production of high-quality varieties of mushrooms that are not only safe for human consumption, but can also be exported to other countries to generate income. Adopting the advanced pest control system to control the damage caused by pest infection in fungi can lead to higher mushroom yields, which will ultimately help the growth of the Button Mushrooms Market.
The Button Mushroom Market can be divided based on the Type and Form. Button mushroom is the type of mushroom that is widely consumed around the world and has the potential to offer a number of health benefits. The demand for Shiitake mushrooms is expected to increase in the coming years, as Shiitake consumption in Southeast Asian and European countries is increasing at a decent rate.
Based on form, the demand for fresh mushrooms is find huge spike across the globe, especially in the nations like the United States and other developed countries, because of the growing call for healthier food products in which no preservatives are added. The United States is one of the largest producers of fresh mushrooms. In countries like South Korea, India and others, where certain varieties of mushrooms such as Button Mushrooms are grown in abundance, the cost of fresh mushrooms is comparatively less. The low price of fresh mushrooms compared to some forms of processed mushrooms can boost fresh mushroom sales in the aforementioned countries.
Impact of COVID-19 on Button Mushroom Market
Coronavirus is likely to continue its influence on the food industry and its businesses like button mushrooms. Meeting short-term demands shouldn't be a major challenge for most food companies, but industry experts and analysts have expressed a lack of clarity about the scope and extent of germs' impact. As a result of this uncertainty, the F&B sector experienced product supply delays. The increasing trend of veganism amid COVID-19 is likely to act positively for the development of the button mushrooms market in the following years.
The Global Button Mushroom Market has been categorized based on geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. The consumption of mushroom is higher in China compared to other areas in the Asia Pacific, which is also the largest producer of mushrooms in the world. The consumption of Button Mushrooms in Asian countries such as Japan, India and others is increasing at a significant rate attributed to the increased production and increased imports of mushrooms in these countries. The adoption of advanced and modern mushroom cultivation techniques by mushroom growers in the region is expected to fuel the region's Button Mushrooms for years to come. Volumetric consumption of Button Mushrooms in the Asia Pacific region was 10.25 million tonnes in 2018 and is likely to grow at a rapid rate during the foreseen years. Mushroom production and consumption in Europe is increasing rapidly due to the rising need for nutrient-rich foods in the region. In countries such as the UK, the Netherlands, Germany, Spain, and others, the demand for Button Mushrooms for medical use is growing decently and the trend is expected to continue for the next few years. The use of advanced mushroom processing techniques by mushroom growers and distributors in Europe is supposed to contribute to the growth of processed mushroom sales in the region. Button Mushrooms market trends in North America, especially the United States, are developing dramatically due to increased demand for the product attributed to the abundance of health benefits mushrooms provide. The United States is one of the largest Button Mushrooms producers in the world. Major players in the North American market are adopting advanced farming technology as well as M&A activities to increase their production capacity and maintain their dominant position in the regional market.
Cargill Inc. had a substantial share of the Global Button Mushroom Market in terms of sales and revenue in 2019.
The Global Button Mushroom Market is concentrated with well-established players such as Shanghai Finc Bio-Tech Inc., Bonduelle Fresh Europe, Okechamp S.A., Lutece Holdings B.V., Monterey Button Mushrooms Inc., Monaghan Button Mushrooms Ireland, Drinkwater’s Button Mushrooms Limited, and Costa Pvt Ltd.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Fresh Mushroom
5.1.3 Processed Mushroom
5.1.4 Y-o-Y Growth Analysis, By Application
5.1.5 Market Attractiveness Analysis, By Application
5.1.6 Market Share Analysis, By Application
5.2 Distribution Channel
5.2.3 Convenience Stores
5.2.5 Y-o-Y Growth Analysis, By Distribution Channel
5.2.6 Market Attractiveness Analysis, By Distribution Channel
5.2.7 Market Share Analysis, By Distribution Channel
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Application
126.96.36.199 Distribution Channel
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Application
220.127.116.11 Distribution Channel
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Application
126.96.36.199 Distribution Channel
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Bonduelle Fresh Europe
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Costa Pvt Ltd
8.3 Drinkwater’s Button Mushrooms Limited
8.4 Lutece Holdings B.V.
8.5 Monaghan Button Mushrooms Ireland
8.6 Monterey Button Mushrooms Inc.
8.7 Okechamp S.A.
8.8 Shanghai Finc Bio-Tech Inc.
8.9 The Button Mushroom Company
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures