The North America Mushroom Cultivation market is expected to increase with a significant CAGR in the outlook period of 2022 - 2027 due to the increasing awareness of high nutritional values of mushrooms. Also, the surge in the consumption of processed food in the countries such as United States, Mexico and Canada is promoting the expansion of the market for Mushroom Cultivation in the North American region.
Increasing investments by major players in the mushroom cultivation market in North America in research and development to introduce new products to the market and the 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 North American nations.
Rising commercial mushroom consumption in hotels, restaurants and cafeterias, along with the easy availability in different sales channels like supermarkets/hypermarkets, rising consumer awareness regarding the health benefits of these products and surge in the intake of processed food items are some other prominent driving factors of the North America Mushroom Cultivation market.
High operational costs associated with the mushroom cultivation is one of the major restraints effecting the growth of the market of Mushroom Cultivation in North America region.
Among these, the button mushroom segment accounts for the protruding portion of the regional market as it is considered as the widely consumed mushroom type all around the world, including North America and also known to offer several health advantages.
North America Mushroom Cultivation market is likely to progress in the coming years, owing to the surge in the call for meat substitutes followed by growing customer base for vegan food and increasing awareness about the medicinal benefits of these mushrooms in local consumers. Furthermore, rising commercial mushroom consumption in hotels, cafeterias and restaurants also supports the growth in the revenue of North America region. The local market is anticipated to hold significant portion in terms of revenue over the prediction period.
Key Market Players
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