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Button Mushrooms Market by Application (Fresh, Processed) And Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2023-2028

Published: March, 2023
ID: 6374
Pages: 175
Formats: report pdf report excel report power bi report ppt

Button Mushroom Market Size, Share, Growth (2023-2028)

Button Mushroom Market size was at USD 18.74 billion in 2023 to reach to an extent of USD 27.03 billion by 2028, with  a CAGR of about 7.60% throughout the foreseen period (2023-2028)

Button Mushroom Market Overview:

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.

Recent Developments in the Button Mushroom Market Industry:

  1. Highline Mushrooms, one of Canada's leading mushroom companies, purchased Prairie Mushrooms, the largest coast-to-coast mushroom grower in Canada.

  2. Highline Mushrooms announced a $ 20 million investment to establish a second crossfield mushroom farm. The new farm is expected to be built alongside Highline's existing Crossfield plant.

  3. Sylvan Inc., the world's largest producer of spawning mushrooms, announced its intention to sign a partnership agreement with Yuguan China. The agreement was intended to provide market expansion opportunities for both companies in the coming years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

7.38%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

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, Costa Pvt Ltd

Button Mushroom 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.

Button Mushroom Market Segmentation:

The Button Mushroom Market can be divided based on

  1. Type

  2. 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.

Button Mushroom Market Regional Analysis:

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • 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.

Leading Company

Cargill Inc. had a substantial share of the Global Button Mushroom Market in terms of sales and revenue in 2019.

Button Mushroom Market Key Players

  1. Shanghai Finc Bio-Tech Inc.

  2. Bonduelle Fresh Europe

  3. Okechamp S.A

  4. Lutece Holdings B.V.

  5. Monterey Button Mushrooms Inc.

  6. Monaghan Button Mushrooms Ireland

  7. Drinkwater’s Button Mushrooms Limited

  8. Costa Pvt Ltd

 

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