Mushroom Market Size – Worldwide & India
Mushroom – A High Nutrition Superfood: Mushrooms don’t just taste nice. Mushrooms are popular valuable foods because they are low in calories, carbohydrates, fat, and sodium: also, they are cholesterol-free. Besides, mushrooms provide important nutrients, including selenium, potassium, riboflavin, niacin, vitamin D, proteins, and fiber. They also pack a nutritional punch as they are loaded with vitamins, promote a healthy immune system, and boost your bone health. That’s why they are considered a superfood. And for those looking for weight loss benefits, mushrooms contain no cholesterol or gluten either. Greeks believed that mushrooms provided strength for warriors in battle, and the Romans perceived them as the “Food of the Gods.” The Chinese culture has treasured mushrooms as a health food, an “elixir of life” for centuries.
• Growing Demand Worldwide: The supermarkets & hypermarkets segment accounted for the highest revenue share of over 38% in 2020 in the mushroom market, as mushrooms are majorly distributed through these distribution channels. Demand for specialty mushrooms is rapidly rising, as consumers look to purchase more foods that are healthy, nutritious, and medicinal. The global mushroom cultivation market is projected to witness significant growth due to factors such as the multiple health benefits of mushrooms, increasing per capita mushroom consumption, cost-effective production and rising demand for vegan and natural food in the diet, and increasing health-conscious population
• Global Consumption of Mushroom: The global mushroom market was valued at 12.74 million tons (MT) in 2018 and is projected to reach 20.84 million tons (MT) by 2026. With the increasing vegan population, low-calorie content and high nutritional content are expected to attract diet-conscious consumers over the forecast period. The global mushroom industry has expanded very rapidly in the last two decades by the addition of newer types of mushrooms for commercial cultivation.
• Type Analysis: The button mushroom is the widely consumed mushroom type across the world and can potentially offer some health benefits. Button mushroom is the most produced mushroom in the world and even widely consumed across the globe. According to FAO and EUROSTAT, more than 50% of the world’s mushroom production is button mushroom. Oyster and shiitake mushrooms are the best gourmet mushrooms for part-time growers, with high prices and proven demand.
• Form Analysis: The fresh form segment dominated the market with a revenue share of 89.6% in 2020 due to the high demand for fresh mushrooms as a result of increased preference for organic and unprocessed foods. Increasing technological advancements have curbed the challenges associated with the limited shelf life of mushrooms. Many Companies Comes Up With Processed And Value Added Mushroom Products. Processed types include dried, frozen, canned, pickled, and powdered forms. Additional processing, such as canning, freezing, or drying, is essential to extend the shelf life of the product. The manufacturing companies are increasingly introducing packaged products to tap the markets of processed and convenient food products.
• Key Factors: Mushrooms are considered a superfood owing to their nutritional contents, such as selenium, vitamin D, glutathione, and ergothioneine. These nutrients help mitigate oxidative stress and prevent or decrease the risk of chronic conditions, such as cancer, heart disease, and dementia. Increasing awareness regarding the nutritional benefits of mushrooms is driving the growth of the mushroom market. The increasing vegan population demanding a protein-rich diet is also expected to be a key factor driving the market over the forecast period.
• Mushroom Market Size and growth rate: The global mushroom market was estimated at USD 46,107.9 million in the year 2020 and is expected to reach 50,275.4 million in 2021. The mushroom market is expected to grow at a compound annual growth rate of 9.5% from 2021 to 2028 to reach USD 95,245.3 million by 2028. The Asia Pacific is the leading region in the global, Asia Pacific led the market and accounted for over 78% share of global revenue in 2020. China, Japan, Malaysia, India, and Australia make some of the largest markets in the region. In terms of production, China led the market in 2020, with more than 78% contribution. Europe is one of the key consumers in the market and relies majorly on imports. By considering the production statistics, the spawn demand in India is estimated at 8000-10000 tons per annum.
• Business opportunities: Mushroom farming is one of the most profitable agri-business that you can start with low investment and less space. The lockdown has sparked a new opportunity for mushroom farming across the country. Mushrooms are the next high-value agriculture crop that can transform the incomes of small and marginal farmers. Mushrooms are used as the finest nutritious food in the country. Apart from this, value-added mushroom products such as mushroom papad, supplementary powder for the gym-goers, pickles, biscuits, toast, cookies, noodles, jam, sauces, soups, kheer, bread, chips, sev, chakli, etc. can be made. All these products can also be sold online. All these products can be exported as witnessing a growing demand from many American, European countries. Some Ready-to-Eat food brands have come forward with mushroom ‘Heat & Eat’ packaged recipes.
• How do we help? : Do you want to mushroom-based business? Do you want to create a Mushroom brand? Do you need complete guidance about this?
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