Edible Mushroom Market

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

Edible Mushroom Market size was worth USD 58.39 billion in 2023 and is estimated to be growing at a CAGR of 7.13%, to reach USD 82.4 billion by the end of 2028

Edible Mushroom Market is showcasing the evident potential in the mentioned forecasting period. The Edible Mushroom Market continues to gain momentum with the rapid development in the food industry. Edible Mushrooms are so, fleshy, and fruity fungus, and are generally grouped as vegetables. Edible Mushrooms is one of the most popular food across the world because of the variety it offers. Edible Mushrooms are rich in many nutrients, mainly proteins. They are a vital ingredient in the dishes of many countries. Edible mushrooms are species of microfungi that have edible fleshy bodies and are grown for consumption. Edible mushrooms are strong in dietary value and are also eaten as a part of their health advantages. Mushrooms are a vitamin, selenium, and potassium-rich source. They assist in improving the metabolism of the body and reducing cholesterol as well. Mushrooms are also eaten for medicinal purposes as the risk of cardiovascular diseases is known to be reduced. Mushrooms are small in saturated fat and high in fiber content, which tends to increase their demand among customers who are health conscious. They have low levels of sodium and gluten that tend to add to their nutrition. Edible Mushrooms are soft, fleshy, and fruity fungi, and are generally grouped as vegetables. Edible Mushrooms is one of the most popular food across the world because of the variety it offers. Edible Mushrooms are rich in many nutrients, mainly proteins. They are a vital ingredient in the dishes of many countries.

Edible Mushroom Market Drivers and Restraints:

Highly nutritious, Potassium, riboflavin, selenium, and Vitamin D are all abundant in them. They've been proved to be quite beneficial in terms of developing resistance, controlling weight, and reducing the risks of many chronic conditions.

The most well-known edible mushroom varieties are shitake, button, oyster, paddy, smooth, and reishi. Used as a meat substitute, with the growing food-eating culture of veganism, edible mushrooms around the world are being tried and developed to serve as a meat protein substitute. The texture and the quality of the mushroom flesh help in the simulation of a vegan substitute for the meat version. The edible mushroom market industry has caught on to this early and if they are able to harness this then demand is expected to skyrocket.Short shelf life, like mushrooms, belongs to the fungi family which thrives in specific conditions, they are susceptible to a change in their storing conditions. Once mushrooms are packaged in plastic packets, they tend to have a shelf life ranging between one to five days due to moisture. 

Difficult and expensive to transport, as edible mushrooms have a short shelf life, it is difficult to transport them around the world. The logistics involved increasing the final cost to the consumer which makes this a niche segment. A great example of this would be the shitake mushrooms, they are native to Japan, when they are transported from Japan to another country their cost increases. This is a restraint plaguing the Edible Mushroom Industry. The Edible Mushroom Industry can tap into the growing culture of veganism as mushrooms are used to simulate the texture of meat. It is a great substitute to meat and the industry can harness this to grow its sales volume.An increasing trend in the consumer’s attitude to switch to a healthier lifestyle can be another opportunity. Mushrooms which are considered a superfood as it is very healthy are a very attractive option for consumers looking for a healthy food option. Lack of proper equipment and cultivation houses, growing mushrooms is very meticulous as it requires the soil to be moist and at the right pH level, atmospheric humidity, etc. for it to grow and propagate. Also, the farming space and storing facility will also be very capital extensive.

Quality of spawn also matters a lot as it decides the yield, if the quality of spawn is low then there are high chances that yield will be quite low and vice versa. A good quality yield should also be disease-free.

Recent Developments in the Market:

Top class manufacturers are investing in research to develop hybrid mushrooms, with even more fiber and less fat content. Apart from that, a lot of companies are experimenting with the conditions to generate figure out the ideal conditions to produce the mushrooms. These advancements are expected to push the market forward by a substantial amount.

Classification of the Edible Mushroom Market:

Based on Type:

• Button

• Shiitake

• Oyster

By Type, Button mushroom is found to hold a major share in Edible Mushroom Market, owning to high application in salads, soups, and others.

Based on Application:

• Fresh Mushrooms

• Processed Mushrooms.

• Dried

• Frozen

• Canned

Among these segments, the Fresh mushrooms segment dominates the Global Edible Mushroom market based on easy availability, consumer acceptance, and also due to the awareness about demerits of using processed food products.

Based on Distribution Channel:

• Store-based

• Supermarkets/hypermarkets

• Specialty retailer

• Convenience stores

• Non-store based (e-commerce)

Edible Mushroom Market is led by a store based on the distribution channel. Sale through store-based channels dominates based on the convenience one-stop shopping experience of the consumers.

Edible Mushroom Market Regional Analysis:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle-east and Africa

Global Edible Mushroom Market was dominated by Europe, with the largest market share globally. The Europe Edible Mushroom market is also predicted to show the highest CAGR during the forecasting period, followed by the Asia Pacific. Rising production of fiber-rich food commodities from the countries of these regions has an impact on the high volume of production of edible mushrooms. Due to a changing pattern of food consumption, the edible mushroom market is projected to generate high revenues during the forecast period in these regions.

Some of the leading players operating in the market are:

1. Costa Group

2. Okechamp S.A

3. Monterey Mushrooms Inc.

4. Monaghan Mushrooms

5. Drinkwater's Mushroom Ltd.

6. The Mushroom Company

7. Shanghai Finc Bio-Tech Inc

8. CMP Mushrooms Green yard NV (Lutèce)

9. Bonduelle SA

10. Intended Audience