Market Research Future published a Half Cooked Research Report on the Global Edible Mushroom Market, which is estimated to grow at a CAGR 8.7% during the forecast period 2017-2023
Edible mushrooms are species of micro fungi possessing fleshy edible bodies and are cultivated for consumption purpose. Edible mushrooms are rich in nutritional value and are also consumed owing to the health benefits obtained from it. Mushrooms are a rich source of vitamins, selenium, and potassium. They help in improving the body’s metabolism and also reduces cholesterol. Mushrooms are also consumed for medicinal purpose as they are known to reduce the risk of cardiovascular diseases. Mushrooms are low in saturated fat and high in fiber content which tends to raise its demand among the health conscious consumers. They are low in sodium and gluten content which tends to add to its nutritional value. Rising health awareness among the mass population has a positive impact on global mushroom market and is further projected to have high growth during the given forecast period.
Rising inclination of consumers towards veganism is adding fuel to the edible mushroom market. High fiber content and low fat content of mushroom helps in reducing excess fat of the body and also boosts the body’s metabolism. Shift in consumers’ food consumption pattern and adoption of healthy life is propelling the positive growth of this market. Low production cost and requirement of less land area for the cultivation of mushroom is encouraging the manufacturers to enter into the market and regenerate revenues. High focus on R&D has resulted in enhanced production capacity due to which good quality of edible mushroom is now available across the globe.
Key players have more inclination towards enhancing the production of organic edible mushroom to satiate the growing demand from consumers end. Also, product innovations through mushroom processing is of one of the key focus areas where manufacturers are found to put more emphasis to deliver fine quality mushrooms and to create their brand name.
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On the basis of type, button mushroom holds a lion’s share in the global market based on consumer’s side demand for mushrooms for salad and soup preparations. However, based on the increasing application of mushroom for medicinal purpose, the demand for shiitake mushroom is anticipated to be growing at a high rate. Further, based on the category, fresh mushroom dominates the market based on high and easy availability in supermarket/hypermarkets.
Additionally, sale of edible mushroom through store based channels will hold a significant share in the global market. However, technological strides and consumers readily adapting the advanced lifestyle might spur the sale through e-commerce.
The Major Key Players in the Edible Mushroom Market are
- Monaghan Mushrooms (Ireland)
- Bonduelle Group (France)
- Okechamp S.A. (Netherlands)
- Lutèce Holding B.V. (Netherlands)
- Monterey Mushrooms, Inc. (U.S.)
- The Mushroom Company (U.S.)
- Shanghai Finc Bio-Tech Inc. (China)
Edible Mushroom manufacturers across various regions are following the strategy of product improvisations and geographical expansion to penetrate the global market and to meet the growing demand for the product. Furthermore, key players are investing more in R & D sector to improve their existing products line and to enhance the quality as well as the productivity of their mushroom variety. In the Asia Pacific, China dominates edible mushroom market and exports the product to various other countries, which include the Japan, Italy, Korea, Brazil and others.
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Edible Mushroom Market is segmented into North America, Asia Pacific, Europe and rest of the world (RoW). Europe holds a major market share followed by Asia Pacific. High demand for mushroom owing increasing health awareness from the developed countries of these regions is contributing to the positive growth of the edible mushroom market. Italy, Japan, France, Germany, and Spain are the major importers of edible mushroom. Developed trading channels and high demand for fiber rich food commodities are also driving the growth of the market in these countries.
List of Tables
TABLE 1 PESTLE ANALYSIS – U.S.
TABLE 2 PESTLE ANALYSIS- FRANCE
TABLE 3 PESTLE ANALYSIS- CHINA
TABLE 4 PESTLE ANALYSIS- NETHERLANDS
TABLE 5 PESTLE ANALYSIS- IRELAND
TABLE 6 KEY SUPPLIERS OF EDIBLE EDIBLE MUSHROOM
TABLE 7 GLOBAL MARKET FOR EDIBLE MUSHROOM, BY TYPE, (2017-2023), USD MILLION
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