Edible Fungus Market

Edible Fungus Market Size, Share, Growth (2023-2028)

Caviar Market  size was worth US$ 55.29 billion in 2023 and is anticipated to reach a valuation of US$ 80.88 billion by 2028 with a CAGR of 7.90%.

Edible Fungus Market Scenario:

Fungus or fungi are microorganisms, a subset of which contain various mushrooms and molds. Few mushrooms are grown either in controlled environments or plucked from the wild and since there is a global edible fungus market, which is seeing a steady rise in demand, one must wonder what sets mushrooms apart. The nutritional content of edible fungus is considerable, and it's used for a range of health benefits. They're chock-full of vitamins, selenium, and potassium. They help with cholesterol-lowering and metabolic improvement. They're used to treat cardiovascular disease because they're thought to lessen the risk. For example, edible mushrooms can be purchased fresh, frozen, or dehydrated, as well as in powdered and soup form. Mushroom growing has developed into a lucrative business that is propelling the global edible fungus market forward. As consumer disposable income develops in key developing nations like India and Thailand, the market for edible fungus is likely to grow. They aid in the enhancement of metabolism as well as cholesterol reduction. Mushrooms have also been demonstrated to lessen the risk of cardiovascular disease, therefore they are used medicinally. Mushrooms are a common pick among health-conscious shoppers since they are low in saturated fat and a good source of fibre. Edible mushrooms are commonly available fresh, canned, or dehydrated, but they can also be found in powder or soup form. As a result, mushroom cultivation has become a lucrative business, propelling the global edible mushroom market ahead.

Recent Developments in the Edible Fungus Industry:

• Highline Mushrooms, a leading mushroom company in Canada, purchased Prairie Mushrooms, a coast-to-coast mushroom producer and exporter in the same nation.

• 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.

Edible Fungus Market Drivers:

The growing awareness of the health benefits of various types of edible fungus is driving the market. Growing interest in plant-based products and changing consumer preferences for meat substitutes will also support growth.

Consumption of Shiitake Fungus, for example, is considerably high in Southeast Asian countries and Europe. According to studies, the demand for this variety will increase steadily in the coming years. The recent coronavirus pandemic is changing consumer consumption preferences. People are unlikely to buy meat products and turn to alternatives like Fungus. This could be the result of various rumors linking meat consumption and the spread of the virus. Forced foreclosure is also likely to have a significant impact on the market. For example, closures in the Asia-Pacific meat and seafood markets would lead people to buy fungus because they taste similar, due to increased demand. The global edible fungus market is gaining ground at a significant rate in many developed and emerging economies, but its organized distribution remains a challenge in many countries and regions. Investment by market players and government to develop the fresh and processed fungus distribution system would provide significant growth opportunities for global sales. Several key industry players depend on mergers and acquisitions to continue dominating the global market. Governments in several countries are investing in the production of high-quality Edible Fungus varieties that are not only safe for human consumption but can also be exported to other countries to generate income.

Edible Fungus Market Restraints:

Adopting the advanced pest control method to mitigate the damage caused by pest infection in fungi can also lead to higher fungus yields, which will eventually support the growth of edible fungus market. The demand for fresh fungus is increasing around the world, especially in the United States and other developed economies. The growing demand for healthy food products without added preservatives is increasing the growth prospects of the global edible fungus market. The United States is a major producer of fresh fungus. The demand for fresh fungus is expected to increase dramatically in Asia-Pacific and Europe due to the growing trend of customers toward organic food. In countries like India, South Korea, and others where there is an abundance of different types of fungus, such as button fungus, the rate of fresh fungus is comparatively lower. Low prices for fresh fungus compared to other types of processed fungus can boost sales in these regions. This, in turn, will promote the growth of the global edible fungus market.

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 accelerate the growth of the global market for edible fungus. Also, the rapid expansion of the restaurant industry has resulted in a growing demand for fungus in hotels, restaurants, and cafes. The growing acceptance of edible fungus as a meat substitute, combined with a growing vegan population, is expected to drive the market for the foreseeable future. The growing demand for processed fungus, especially in Western countries, creates export opportunities for the major fungus-producing countries in Asia. Edible fungus is rich in nutritional values ​​and are eaten due to their various health benefits. They are rich in vitamins, selenium, and potassium. They help improve metabolism and lower cholesterol. They are also consumed medicinally, as they are known to minimize the risk of cardiovascular disease. The edible fungus, for example, is generally sold fresh, frozen, or dried and can also be found in powder form and also in soup form. For this reason, fungus cultivation has become a profitable industry, boosting the global market for edible fungus. As market players partner with local emerging players, edible fungus sales are likely to increase in the coming years. Most companies are focusing on expansion and strategic partnerships to gain an advantage against dominant competition. Their strategies are likely to have a significant impact on the growth trajectory of the global edible fungus market.

REPORT COVERAGE:

Edible Fungus Market Segmentation:

 Based on application, it can be divided into

• Agaricus Bisporus

• Pleurotus Ostreatus

• Enokitake

• Auricularia Auricula-judae

• Shiitake

Depending on the type

• Frozen Fungus

• Canned Fungus

• Dried Fungus

• Fresh Fungus

Edible Fungus Market Regional Analysis:

• North America

• The Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Since China is the world's largest producer of Fungus, per capita consumption is higher in the country than in any other region. The consumption of edible fungus in Asian countries such as India, Japan and others is increasing at a significant rate due to increased production and imports and exports of fungus in these countries. In the coming years, the increasing adoption of advanced agricultural techniques by farmers is expected to boost the market for edible fungus in the region. The demand for edible fungus is likely to skyrocket as consumer disposable income increases in major developing countries, including India and Thailand. With the help of seasonal cultivation and conquering potential markets like the United States, Germany and France, China produced cheap fungus.

Edible Fungus Market Key Players:

1. Shandong Youhe

2. Beiwei Group

3. Ruyiqing

4. HuBei SenYuan

5. Jiangsu Hualv

6. Shanghai Finc Bio Tech

7. Starway Biotechnology

8. Shanghai Bright Esunyes

9. China Greenfresh Group

10. Xuerong Biotechnology