Button Mushrooms Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Button Mushrooms Market is estimated to be USD 15.57 billion in 2018 and predicted to rise to USD 22.15 billion by 2023 with a CAGR of 7.30%. The market is segmented by Application (Fresh, Processed). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Mushroom contains proteins with low-cholesterol and low-fat content. The market is mainly driven by increasing demand from the food industry. Surging use of mushrooms as ingredients in various food products fuels the market growth. Consumption of organic food is increasing dramatically in almost all developed and developing countries. Growing awareness among consumers regarding health, diet, and nutrition has increased interest in organic food products, including canned organic fruit and vegetables. However, strict regulations for processing of mushrooms led by the FDA due to the presence of various harmful mushroom species may impede the growth of the market. Moreover, the low shelf life of mushrooms is the other factor impacting on the growth of the mushroom market. Nonetheless, growing demand for mushrooms and escalating food chains and emerging food markets is likely to open a new avenue for the mushroom market in the near future. Furthermore, growing awareness among people about button mushroom is expected to show high consumption in future.
The global Button Mushrooms market is segmented on the basis of Product. On the basis of Product, it is segmented into Fresh and Processed Mushrooms. Both fresh and processed mushrooms are used in food industry for the production of several food products. The fresh mushroom held the largest share of the market due to the increased production of the food industry in developing countries. Fresh mushroom dominated the global button mushroom market in terms of revenue. Processed mushroom sub-segment is anticipated to register the highest growth in the coming years owing to increasing demand for dried, frozen, canned, mushroom powder and mushroom sauces.
Based on geography, the market is segmented into Europe, North America, Asia Pacific, Latin America and Middle East and Africa. The global button mushroom market was dominated by Europe in 2016. This region is also considered to be the largest producing and processing region for mushroom. Mushroom is very popular among Asian countries. Thus, Asia Pacific is likely to gain attraction in coming years. Increasing demand for organic and high protein content food in North America is expected to raise a growth of the button mushroom market. The Middle East & Africa will show sustainable growth over the forecast period. Latin America is anticipated to show decent growth in forecast period due to the use of mushroom in pizza and various different foods.
Some of the key players dominating the market are Bonduelle Fresh Europe, Costa Pvt Ltd, Drinkwater’s Button Mushrooms Limited, Monaghan Button Mushrooms Ireland, Monterey Button Mushrooms Inc., Lutece Holdings B.V., The Button Mushroom Company., Okechamp S.A. and Shanghai Finc Bio-Tech Inc.
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