The processed mushrooms market has demonstrated strong growth, increasing from $19.12 billion in 2023 to $20.39 billion in 2024 at a CAGR of 6.6%. This expansion is attributed to the plant-based movement and increasing consumer demand for healthy foods. The market is projected to reach $26.71 billion by 2028 at a CAGR of 7.0%, driven by innovations in food processing and a focus on sustainability.
Major Driver In The Processed Mushrooms Market
The increase in the popularity of the food and beverage industry is expected to boost the growth of the processed mushrooms market. The food and beverage industry, which covers the production, processing, distribution, and sale of consumable goods, is expanding due to increased agriculture, higher consumption of processed foods, and growing consumer interest. Processed mushrooms enhance the efficiency, flavor diversity, nutritional value, and appeal of food and beverage products, making them a valuable ingredient. For instance, in May 2021, the Australian Bureau of Statistics reported that sales of food and non-alcoholic drinks reached 15.1 million tons in 2021–2022, up from 14.8 million metric tons in 2020–2021. Therefore, the growing popularity of the food and beverage industry is driving the processed mushrooms market.
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Processed Mushrooms Market Competitive Landscape
Greenyard NV, Bondulle S.A., Giorgio Fresh Co., Monterey Mushrooms Inc., South Mill Champs, To-Jo Mushrooms, Hughes Group, Banken Champignons B.V, Shanghai Fengke Biological Technology Co. Ltd, Scelta Mushrooms BV, Weikfield Foods Private Limited, OKECHAMP SA, The Mushroom Company, Valley Mushrooms Ltd., Ann Miller's Speciality Mushrooms Ltd., Agro Dutch Industries Ltd., Drinkwater Mushrooms Ltd., Sa Mushrooms Pty Ltd., Nasza Chata, Ecolink Baltic
Key Processed Mushrooms Market Trend
In the processed mushroom market, companies are innovating with products like organic mushroom complex capsules to enhance the nutritional profile and health benefits of their offerings. Organic mushroom complex capsules provide a convenient way to incorporate various medicinal mushrooms into daily diets, offering health benefits supported by natural ingredients. For example, Four Sigmatic, a US-based wellness company, launched Mushroom-Botanical-Vitamin Capsule Blends in August 2023. Available in three varieties—Focus, Calm, and Memory—the blends combine functional mushrooms, adaptogens, vitamins, and botanicals to deliver enhanced effects compared to standalone mushrooms, promoting memory, cognition, and mental stamina.
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Processed Mushrooms Market Segmentation
The processed mushrooms market covered in this report is segmented –
1) By Type: Button Canned Mushroom, Shiitake Canned Mushroom, Oyster Canned Mushroom, Morel Canned Mushroom, Other Types
2) By Form: Dried Mushroom, Frozen Mushroom, Canned Mushroom
3) By Distribution Channel: Hypermarket And Supermarket, Specialty Stores, Online Stores, Other Distribution Channels
4) By Application: Food Processing Industry, Retail Outlets, Direct Consumption, Pharmaceutical, Food Services, Other Applications
By Geography:The regions covered in the processed mushrooms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the processed msuhrooms market in 2023.
The Processed Mushrooms Global Market Report 2024 furnishes information about the global processed mushrooms market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
