The Europe Mushroom Cultivation market is anticipated to progress with a notable compound annual growth rate in the foreseen period of 2022 to 2027. The market value is expected to increase more during the outlook period due to the increasing demand of fresh and canned mushrooms in nations Spain, Netherlands, France and Germany, promoting business growth in the European region.
MARKET DRIVERS
The rapid increase of demand for meat substitutes followed by growing consumer preference towards vegan food is driving the growth of the market for Mushroom Cultivation in the Europe region. Increasing investments by the companies for research and development for implementing novel products in this field also propels the growth of the Europe Mushroom Cultivation market.
Rising commercial mushroom availability in supermarkets, restaurants, hotels and cafeterias is also one of the driving factors of Europe Mushroom Cultivation market. Moreover, other major driving factors of Europe Mushroom Cultivation market are the increasing consumption of processed food items and rising consumer awareness regarding the health benefits of mushroom intake in this locale.
MARKET CHALLENGES
The short shelf life of mushrooms and high operational costs are some of the restraints affecting the growth of the market for Mushroom Cultivation in the European region.
Oyster Mushroom
Button Mushroom
Shiitake Mushroom
Among these, the button mushroom segment holds the major share of the market as they are widely consumed mushroom types around the world and also offers several health benefits.
Regional Analysis
Europe Mushroom Cultivation Market is expanding owing to the increasing availability of mushrooms in sales channels like supermarkets, and increasing intake as food in restaurants, hotels and cafeterias. Also, rising consumer demand for processed food items and awareness about its health benefits supports local business growth. Europe region is also expected to hold a significant share in the international market during the outlook period.
Key market players
Due to the coronavirus pandemic, all the companies in different verticals are suffering with the production and demand, supply chain and market disruption and financial impacts. So many companies all around the world have halted their production units due to the strict lockdown regulations imposed by the government authorities. All the companies have closed and due to the financial crisis since March 2020, they have terminated most of the employees as they are not in a position to pay the salaries.
Recently, the governments gave permissions to the companies to restart their manufacturing units with strict rules and regulations. All the companies have restarted their operations that in turn started the supply chain of their products and helping them to recover their financial crisis.
In the field of Europe Mushroom Cultivation market, the companies related to the market were expecting that the business will gain some profits in the upcoming two to three years with the rising consumption of commercial mushrooms, increasing call for processed food items, and growing awareness about the health benefits of mushrooms among local consumers. Furthermore, the surge in funding by the market players in the research and development for creating novel products in this field is also supposed to acts as a growth factor of the Europe Mushroom Cultivation market during the foreseen period.
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