March 30, 2020
Mushroom

Mushroom Market | Button mushroom segment dominated the global market

The global Mushroom market accounted for US$ 38.13 Bn in 2017, expanding at a CAGR of 7.9% from 2018 to 2026.

Market Insights

Mushrooms are basically low-sodium foods, fat and cholesterol-free and are rich in nutrients such as vitamin, potassium and selenium and also contains antioxidants. These are alternative food for flexitarians and vegetarians that satisfy the needs of health-conscious consumers. The quality of mushroom depends on its aroma, taste, and absence of poisonous content. The method of producing mushrooms is completely different compared to the other vegetables as mushrooms largely depends on other plant materials for food since they do not have chlorophyll in them. The life span of mushrooms is very limited as their lifespan ranges between one to thirty days.

Rising consumption of processed food items, rising consumer awareness regarding the health benefits offered by mushrooms, and improvement in packaging technologies are some of the key factors influencing the growth of the mushroom market at present. Presence of minerals such as selenium and antioxidants aids in combating cancer by detoxifying cancer-triggering compounds in the body and also plays a vital role in liver enzyme function. In addition, it also prevents inflammation and reduces tumor growth in the body. Moreover, it also contributes to cardiovascular health as it contains fiber, Vitamin C and potassium. Also, the consumption of mushrooms reduces the chances of high blood pressure and cardiovascular diseases since mushrooms are low in sodium content and are high in potassium.

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Government in developing countries are also focusing on taking several initiatives to assist the various small scale industries with an objective to benefit the underprivileged labor force involved in the cultivation and production process. Growing commercial mushroom consumption in supermarkets, restaurants, hotels and cafeterias is also expected to propel the market demand during the forecast period from 2018 to 2026. Increasing demand for meat substitutes followed by growing consumer preference towards vegan food are other factors that are expected to augment the market demand for global mushroom market. However, the short shelf life of mushrooms is restraining the growth of the market in the near future. In addition, mushroom cultivation requires high operational costs and is heavily labor-intensive. This factor is also expected to hamper the market growth. Biotechnology laboratories play an important role in the mushroom breeding process owing to the fact that they help to improve the cultivation environment required for better mushroom production. Such technological advancements serve as growth opportunities for the players operating in the global mushrooms market.

The global mushroom market has been segmented by product type, form, distribution channel and geography. In 2017, button mushroom segment dominated the global mushroom market by product type. The growth is mainly attributed to the high nutritional benefits followed by increasing applications in soups, casseroles, and salads. In terms of form, fresh mushrooms segment held the largest revenue in 2017 owing to wide availability of mushroom bags in the form of mushroom growing kits in hypermarkets and supermarkets. By distribution channel, hypermarkets and supermarkets is the most prominent segment in the global mushroom market that is expected to maintain its dominance during the forecast period. Rising number of hypermarkets and supermarkets in developing countries followed by key marketing strategies adopted by the manufacturers in the innovative placement and packaging of mushroom products are the primary factors responsible for the growth of this segment during the forecast period from 2018 to 2026.  In terms of geography, Europe is the key market and held the largest market revenue share in the global mushroom market. High demand of fresh and canned mushrooms in Spain, Netherlands, France and Germany is expected to trigger the market growth in Europe region. In addition, technologically advanced production facilities followed by low production cost in Poland has facilitated the mushroom growers to export mushroom products to non-European countries which in turn is expected to bolster the market growth during the forecast period.

Key market players in the global mushroom market include Costa Pty Ltd., Monterey Mushrooms Inc., Bonduelle Fresh Europe, Drinkwater’s Mushrooms Limited, The Mushroom Company, Monaghan Mushrooms Ireland, Okechamp S.A. and Lutece Holdings B.V. among others.

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ToC:

Chapter 1 Preface 121.1 Report Scope and Description 12
1.1.1 Study Purpose 12
1.1.2 Target Audience 12
1.1.3 USP and Key Offerings 12
1.2 Research Scope 13
1.3 Research Methodology 14
1.3.1 Phase I – Secondary Research 14
1.3.2 Phase II – Primary Research 15
1.3.3 Phase III – Expert Panel Review 15
1.3.4 Approach Adopted 15
1.3.5 Top-Down Approach 15
1.3.6 Bottom-Up Approach 16
1.3.7 Assumptions 17
1.4 Market Segmentation 17

Chapter 2 Executive Summary 182.1 Market Snapshot: Global Mushroom Market 19
2.1.1 Global Market, by Product Type, 2017 (US$ Bn) 20
2.1.2 Global Market, by Form, 2017 (US$ Bn) 20
2.1.3 Global Market, by Distribution Channel, 2017 (US$ Bn) 21
2.1.4 Global Market, by Geography, 2017 (US$ Bn) 21

Chapter 3 Market Dynamics 223.1 Introduction 22
3.2 Market Dynamics 23
3.2.1 Market Drivers 23
3.2.1.1 Rising demand for meat substitutes fueling the market growth of mushrooms 23
3.2.1.2 Rising consumption of processed food, especially in developing economies fueling market growth of mushrooms 24
3.2.1.1 Aggressive research & development activities adopted by leading mushroom manufacturers to improve the shelf life of mushrooms 25
3.2.2 Market Restraints 26
3.2.2.1 Low shelf life of mushrooms resulting in market slowdown 26
3.2.2.2 High cultivation costs for mushroom cultivations restraining market growth 27
3.2.3 Market Opportunities 28
3.2.3.1 Growing awareness about mushrooms and its capability of combat obesity to drive market in future 28
3.2.3.2 Technological advancements to improve mushroom yield 28
3.3 Attractive Investment Proposition, by Geography, 2017 29
3.4 Market Positioning of Key Players, 2017 30

Chapter 4 Global Mushroom Market, by Product Type 314.1 Overview 31
4.1.1 Global Market Share, by Product Type, 2017 & 2026 (Value, %) 32
4.1.2 Global Market, by Product Type, 2016 – 2026 (US$ Bn) 32
4.2 Button Mushroom 33
4.2.1 Global Market, by Button Mushroom, 2016 – 2026 (US$ Bn) 33
4.3 Shiitake Mushroom 34
4.3.1 Global Market, by Shiitake Mushroom, 2016 – 2026 (US$ Bn) 34
4.4 Oyster Mushroom 35
4.4.1 Global Market, by Oyster Mushroom, 2016 – 2026 (US$ Bn) 35
4.5 Others (milky mushroom, paddy mushroom, reishi mushroom, and winter mushrooms) 36
4.5.1 Global Market, by Other Mushrooms, 2016 – 2026 (US$ Bn) 36

Chapter 5 Global Mushroom Market, by Form 38……….

Chapter 6 Global Mushroom Market, by Distribution Channel 43……….

Chapter 7 Global Mushroom Market, by Geography 49………..

Chapter 8 Company Profiles 668.1 Bonduelle Group 66
8.2 Costa Pty Ltd. 68
8.3 CMP Mushrooms 69
8.4 Drinkwaters Mushrooms Ltd. 70
8.5 Lutece Holdings B.V. 71
8.6 Monaghan Mushrooms 72
8.7 Monterey Mushrooms Inc. 73
8.8 Okechamp S.A. 74
8.9 Shanghai Finc Bio-Tech Inc. 75
8.10 The Mushroom Company 76

………..toc continued

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