Market Overview:
The Mushroom Cultivation market estimated at USD 51.96 Billion in the year 2022, is projected to reach a revised size of USD 90.62 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2023-2030.
Mushrooms, which are macrofungi or edible fungi visible to the naked eye, offer a range of essential nutrients and come in various types, from common varieties to luxurious delicacies like truffles. As they grow, mushrooms can decompose organic matter and absorb nutrients from their surroundings. They are a valuable source of protein, containing all the essential amino acids, and can be purchased in fresh, dried, or canned forms. The button mushroom is the most widely cultivated and consumed variety worldwide Mushrooms are considered low-calorie food options that provide numerous health benefits, further driving the demand for mushroom cultivation.
Top Key Players Covered in The Mushroom Cultivation Market:
- Monaghan Mushrooms (Ireland)
- Walsh Mushrooms Group (Ireland)
- Mycelia (Belgium)
- South Mill Mushrooms Sales (US)
- Smithy Mushrooms Ltd. (UK)
- Rheinische Pilz Zentrale GmbH (Germany)
- Italspwan (Italy)
- Mushroom SAS (Italy)
- Hirano Mushroom LLC (Kosovo)
- Fujishukin Co. Ltd. (Japan)
- Lambert Spawn (US)
- Mycoterra Farm (US)
- Commercial Mushroom Producers (Europe)
- Societa Agricola Porretta (Italy)
- Bluff City Fungi (US) and other major players.
Market Dynamics and Factors:
The increasing number of health-conscious individuals has significantly contributed to the growth and demand for mushroom cultivation in recent times. Mushrooms are highly valued for their nutritional composition, as they are rich sources of proteins, antioxidants, vitamins, and minerals. The antioxidant properties found in mushrooms have been associated with potential cancer prevention, including breast, lung, prostate, and other types of cancers. mushrooms contain potassium, which plays a crucial role in maintaining healthy blood pressure levels and reducing the risk of cardiovascular diseases and hypertension. The Surge in Health Awareness and Adoption of Veganism drives the Mushroom Market.
Governments in numerous countries are making significant investments and implementing initiatives to support the production of high-quality and novel mushroom varieties. This focus on cultivating safe edible fungi, which can be both exported for profitability and consumed domestically, presents promising growth prospects in the coming years. The adoption of advanced pest management systems plays a vital role in controlling losses or damages in mushroom cultivation. Increasing Initiatives in Research and Development for Commercial Cultivation provides an opportunity for Mushroom Market.
The Mushroom Cultivation Market Report Highlight:
- By Type, the Button segment is expected to dominate the Mushroom Cultivation Market during the forecasted period. The button mushroom is a major consumed mushroom type in all types of the world as it offers potential health benefits.
- By Phase, the Composting segment is expected to dominate the Mushroom Cultivation Market during the forecasted period. It is essential for almost all garden plants as it is a good soil amendment for vegetable gardens.
- By Form, the Fresh Mushroom is dominating the segment in Mushroom Cultivation Market. Fresh mushrooms are witnessing a rise in demand due to the rising number of consumers that are focused on organic and unprocessed food consumption that offers maximum health benefits.
- By Distribution Channel, the supermarkets/hypermarkets segment dominates the mushroom cultivation market. The penetration of supermarkets or hypermarkets is higher in developed countries such as North America and Europe, rather than the developing regions, which is the major for the segment growth.
- The Asia Pacific region is expected to have the highest share of the Mushroom Cultivation market over the projected period. The Asia Pacific region has the largest per capita consumption of mushrooms as compared to other countries which fuel the rapid growth.
Key Industry Development:
- In May 2023, Rang De, Mission Samriddhi partners to launch the Mushroom Fund for TN farmers. Rang De, a peer-to-peer social investing platform, has collaborated with social impact enterprise, Mission Samriddhi to launch a Mushroom Fund. The fund intends to support underserved farmers in Tamil Nadu to drive sustainable income from mushroom cultivation.
- In February 2023, Bengaluru taps into medicinal mushroom cultivation. After the successful cultivation of multiple varieties of mushrooms, Bangaloreans have now set their sights on medicinal mushrooms, cultivated only in Japan, China, and South Korea until recently.
Mushroom Cultivation Market Segmentation:
By Type
- Button
- Oyster
- Shiitake
- Porcini
- Chanterelle
- Shimeji
By Phase
- Composting
- Spawning
- Casing
- Pinning
- Harvesting
By Form
- Fresh
- Dried
- Canned
By Distribution Channel
- Direct to customers
- Supermarkets/Hypermarkets
- Online stores
- Convenience stores
