The Mushroom Market size is expected to reach at US$ 19.63 billion by 2028; registering at a CAGR of 6.2% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
The fleshy, edible fruit bodies of some species of macrofungi are known as mushrooms. In many nations, white mushrooms are popular foods. Due to increased consumer interest in plant-based foods and growing knowledge of the health benefits of mushrooms, consumption of mushrooms has surged recently. Type, category, distribution channel, and geographic analysis of the mushroom market have all been done. The highest market share belongs to the kind of button mushrooms, and the expansion of this category is attributed to the rising demand for white button mushrooms for use in clinical research. Asia Pacific had the greatest market share for mushrooms in 2021.
A fungus that produces mushrooms usually does so above ground, on soil, or on its food source. Mushrooms are spore-bearing bodies. 92% of raw brown mushrooms are composed of water, 4% of them of carbs, 2% of proteins, and less than 1% of lipids. They are fortified with selenium, copper, and the B vitamins riboflavin, niacin, and pantothenic acid. Additionally, phosphorus, zinc, and potassium are present in mushrooms in a moderate amount. A mushroom's vitamin D level is influenced by postharvest management, particularly accidental sun exposure. Cremini and portobello mushrooms in particular give dishes a deep, earthy, and meaty flavour. They can be used in place of meat in any recipe because they are wholesome and filling.
Mushrooms are a good meat substitute although they contain lower levels of protein than meat. Moreover, they are full of antioxidants and lack fats and carbohydrates. In dishes containing large quantities of meat, a quarter to a half of the meat can be replaced with mushrooms to make a dish lower in calories, along with retaining the taste.
Giorgio Fresh Co.; B and G FOODS INC; Banken Champignons B.V.; Monterey Mushrooms, LLC; Woodstock Foods; Bonduelle SA; Monaghan Group; WALSH MUSHROOMS GROUP; Smithy Mushrooms; and Bluff City Fungi are a few key players operating in the global mushroom market. These companies have a diverse geographic presence and offer extensive product portfolios to cater to different consumer trends emerging in the mushroom market.
Lockdown impositions, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA). The social and commercial restrictions subsequently resulted in disruptions in supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. However, the demand for mushrooms increased owing to increasing consumer preference for plant-based food and rising awareness regarding the health benefits of mushrooms. Thus, the discontinuation of manufacturing activities and the rise in demand led to a demand and supply gap. In 2020, various businesses announced possible delays in mushroom consignments and projected a slump in future sales. Further, bans imposed by governments of various countries in Europe, Asia Pacific, and North America on international travel forced several companies to discontinue their collaboration and partnership plans.
The mushroom market is divided into many types, including button mushrooms, shiitake mushrooms, oyster mushrooms, and others. The market is divided into organic and conventional products according to category. Supermarkets and hypermarkets, convenience stores, internet retail, and other outlets make up the supermarket and hypermarket distribution channel portion of the mushroom market. The mushroom market is divided into regions based on geography: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
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