Global mushroom market value is expected to exceed USD 50 million in the next seven years due to growing mushroom demand in from the recent past. Mushrooms are considered good for health as they contain negligible sodium and gluten content. Low fat and cholesterol content is presumed to result in higher mushroom acceptance among consumers. Grouped under vegetables, mushroom contains various nutrients such as potassium, vitamin, and selenium.
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Key mushroom products include shiitake, button, oyster, and others which contain paddy mushroom, milky mushroom, reishi mushroom, and winter mushrooms. The market can be further segmented by its application which includes dried and processed categories. Demand for mushroom has risen considerably over the past years in processing industry. Processed mushroom comes in the commercial market as canned, dried, and frozen. Other than these categories processed mushroom also includes pickled mushroom, powder mushroom, and mushroom sauces.
Animal and bio-based industrial wastes can be used as a valid option for mushroom cultivation. Mushrooms have a different life cycle compared to green plants. Land usage is very less in mushroom cultivation and they can be grown in lawns, woodlands, and polytunnels. Such minimal land usage is expected to positively impact the market by encouraging mushroom growers to utilize small areas of cultivable land effectively.
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Mushroom production can be used for medicinal purposes due to its vitamin B and vitamin D content as well as calcium, phosphorus, potassium, and magnesium and other such minerals content. Mushrooms are often called parasitic due to their dependence on other plants for food.
Governments in developing regions have taken several initiatives that are expected to assist this small-scale industry and in turn benefit the underprivileged population involved in the production process of the industry.
Growing commercial mushroom consumption in restaurants, supermarkets, cafeterias, and hotels is expected to play a vital role in shaping the market in the near future. Shifting consumer preferences towards vegan food and increasing meat substitute demand is projected to aid the mushroom market over the forecast period. Button and shiitake mushrooms are rich protein sources making them desirable meat substitutes among consumers. Shifting consumer preferences towards processed food consumption is another key factor expected to aid the market over the next seven years.
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