How Has The Computer Vision in Mushroom Market Size Evolved In Recent Years?
The mushroom market has seen considerable growth due to a variety of factors.
• In the past few years, the mushroom market has experienced substantial growth. It is projected to expand from $66 billion in 2024 to approximately $71.62 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.5%.
This growth during the historic period can be traced back to robust economic expansion in emerging markets, the rise in the vegan demographic, improved understanding of the health advantages of mushrooms, and a surge in demand for processed foods.
What is the Forecasted Growth of the Mushroom Market Size?
The mushroom market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience significant expansion in the upcoming years, the mushroom industry is projected to reach a value of $105.54 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.2%.
Factors contributing to this growth expected in the forecast period include heightened government backing, swift urbanization, an upsurge in demand for food items, an escalating vegetarian populace, expanding general population and an increase in health-minded consumers. Predominant trends expected during the forecast span consist of growing investment in mushroom cultivation, strategic acquisitions aimed at broadening market footprint, investment in cutting-edge technology to lessen production time and expenditure, a focus on creating novel and innovative mushroom types, and an emphasis on product innovation.
What Are The Essential Drivers Behind The Growth Of The Mushroom Market?
The mushroom market is projected to rise due to the growing favour for a vegan diet. This type of diet, which eliminates all animal-based items such as meat, dairy, and eggs, is gaining popularity among consumers for reasons such as health, animal welfare, and environmental sustainability. As a result, mushroom intake is escalating. For instance, Cook Unity, a US company that provides adaptable meal delivery services suited to customer preferences, reported that in 2022, 5% to 6% of Americans who abstain from meat or fish will identify as vegetarians. Moreover, as reported by the Plant Based Foods Association, a food group based in the US, sales of plant-based foods are mounting, climbing by 6.2% in 2021 following a record growth year in 2020. Therefore, the mushroom market is being bolstered by the surging demand for a vegan diet.
What Is The Segmentation Of The Global Mushroom Market?
The mushroom market covered in this report is segmented –
1) By Type: Button Mushrooms, Shiitake Mushrooms, Oyster Mushrooms, Other Products
2) By Forms: Fresh, Frozen, Dried, Canned
3) By Application: Food Processing, Retail Outlets, Food Services, Other Applications
4) By Distribution Channel: Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online Sales Channel
Subsegments:
1) By Button Mushrooms: Fresh Button Mushrooms, Canned Button Mushrooms, Dried Button Mushrooms
2) By Shiitake Mushrooms: Fresh Shiitake Mushrooms, Dried Shiitake Mushrooms, Shiitake Mushroom Extract
3) By Oyster Mushrooms: Fresh Oyster Mushrooms, Dried Oyster Mushrooms, Oyster Mushroom Powder
4) By Other Products: Enoki Mushrooms, Portobello Mushrooms, Wild Mushrooms
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What Emerging Trends Are Shaping The Mushroom Market Landscape?
Organizations operating in the market are honing their focus on incorporating cutting-edge technologies to shorten production timelines and minimize costs, thereby gaining competitive advantage. For instance, in 2023, BioInnovation Lab under the College of Science and Mathematics at Kennesaw State University introduced an automated mushroom production technology named MycoLogic. This ingenious technology enables farmers to cultivate higher quantities of superior quality specialty mushrooms in 40-foot shipping containers, tailored to offer growth-friendly conditions.
Who Are the Key Players in the Mushroom Market?
Major companies operating in the mushroom market include:
• Monaghan Mushrooms Ltd
• Monterey Mushrooms Inc
• Giorgio Fresh Co
• South Mill Champs
• Costa Group Holdings Limited
• Bonduelle Group
• Greenyard NV
• Scelta Mushroom BV
• Drinkwater Mushrooms Ltd
• Fresh Lawn Mushroom Pvt. Ltd
• Chenab Impex Pvt. Ltd
• Nuvedo Labs Pvt Ltd
• Shanghai Finc Bio-Tech Inc
• Fujian Junyuan Food Co Ltd
• White Prince Mushrooms
• Agro Dutch Industries Ltd
• Kawayo Green Farm
• Weikfiield Foods Pvt Ltd
• Okechamp SA
• CMP Mushrooms
• Hughes Group
• Nasza Chata
• Carleton Mushroom Farms Ltd
• Enviro Mushroom Farm Inc
• F & A Veggy-Symphony
• Highline Mushrooms
• Phillips Mushroom Farms
• Mushroom King Farm
• Kitchen Pride Mushroom Farms
• Corporacion Euro Caribe Andina
• Brasil Global Trade
• Shitakeiroscia Family Brazilian Farm
• Natural Cogumelos
• Ting Industria E Comercio Ltda
• Mn Propolis Industria Comercio E Exportacao Ltda
• Alejandro Varela
• DF NATURAL
• Huerta Dona Elvira
• Amoro farm
• Kinoko Mushroom Farms
• Champignon Farm
• Tekoa Farms
• Eco Fresh
• Below Farm
• Kinoko Farms
• Highveld Mushrooms
• African Mushroom Growers
• Medallion Mushrooms
• Country Mushrooms Ltd
• Denny Mushroom
• Mushroom Guru
• Mushroom Network
• Soko Mushrooms
What are the Regional Insights into the Mushroom Market?
Asia-Pacific was the largest region in the mushroom market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
