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Press release content from Wired Release. The AP news staff was not involved in its creation.

Mushroom Market Will Make a Huge Growth in Near Future | Business Growth, Industry Analysis and Forecast To 2026

February 14, 2020 GMT

Sanjose, CA USA, February 14, 2020 (Wired Release) Credence Research The global market for mushrooms accounted for US$ 38.13 billion in 2017 and increased to CAGR by 7.9 per cent from 2018 to 2026.

Mushrooms are basically low-sodium foods, fat and cholesterol free and are rich in nutrients such as vitamin, potassium and selenium and also contains antioxidants. These are alternative foods for flexitarians and vegetarians who satisfy the needs of health-conscious consumers. The quality of the mushroom depends on its aroma, taste and absence of a toxic content. The method of producing mushrooms is completely different from other vegetables, since mushrooms are largely dependent on other plant materials for food because they do not contain chlorophyll. The life span of the mushrooms is very limited as their life span is between one and thirty days. Rising consumption of processed food items, increasing consumer awareness of the health benefits offered by mushrooms and improving packaging technology are some of the key factors currently affecting the growth of the mushroom market. Presence of minerals such as selenium and antioxidants aids in combating cancer by detoxifying cancer-triggering compounds in the body and also plays a vital role in liver enzyme function. It also prevents inflammation and reduces tumor growth in the body. It also contributes to cardiovascular health, as it contains fiber, vitamin C and potassium. In addition, the consumption of mushrooms reduces the risk of high blood pressure and cardiovascular disease, since mushrooms are low in sodium and high in potassium. Governments in developing countries are also focusing on taking a number of initiatives to assist the various small-scale industries with the aim of benefiting the underprivileged labor force involved in the cultivation and production process. Growing commercial mushroom consumption in supermarkets, restaurants, hotels and cafeterias is also expected to boost market demand from 2018 to 2026. Increased demand for meat substitutes followed by increasing consumer preference for vegan food are other factors that are expected to increase market demand for the global mushroom market. However, the short shelf life of the mushrooms is limiting the growth of the market in the near future. In addition, mushroom cultivation requires high operational costs and is heavily labor intensive. This factor is also expected to hinder market growth. Biotechnology laboratories play an important role in the mushroom breeding process owing to the fact that they help to improve the cultivation environment required for better mushroom production. Such technological advances serve as a growth opportunity for players operating in the global market for mushrooms.

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The global market for mushrooms has been segmented by product type, form, distribution channel and geography. The global market for mushrooms dominated the product type market in 2017. Growth is mainly due to high nutritional benefits followed by increased use in soups, casseroles and salads. In terms of form, the fresh mushroom segment had the largest revenue in 2017 due to the wide availability of mushroom bags in the form of mushroom growing kits in hypermarkets and supermarkets. By distribution channel, hypermarkets and supermarkets are the most prominent segment in the global mushroom market that is expected to remain dominant during the forecast period. The increasing number of hypermarkets and supermarkets in developing countries, followed by key marketing strategies adopted by manufacturers for the innovative placement and packaging of mushroom products, are the primary factors responsible for the growth of this segment during the 2018-2026 forecast period. From a geographical point of view, Europe is the key market and has the largest market share of revenue in the global mushroom market. The high demand for fresh and canned mushrooms in Spain, the Netherlands, France and Germany is expected to trigger market growth in the European region. In addition, technologically advanced production facilities, followed by low production costs in Poland, have made it easier for mushroom growers to export mushroom products to non-European countries, which are expected to boost market growth during the forecast period.

Button Mushroom Propelling the Growth of Mushroom Market

Currently, button mushroom held the largest market share by value during the forecast period. It mainly finds application in casseroles, soups, and salads. These are one of the most widely cultivated mushrooms globally and are mainly sold in fresh and canned form. The market for button mushrooms is expected to grow at a significant rate owing to its high nutritional benefits as it is rich in vitamin B and potassium and are also cholesterol and sodium free. In June 2017, the state government of India started giving emphasis on spawn and button mushroom cultivation in Odisha where cash crops are yet in the process of getting popularity. Trend shows that manufacturers are focusing on merger and acquisition strategy to expand their button mushroom product portfolio and cater to the growing demand of it during the forecast period. For example, in March 2018, Highline Mushrooms, based in Ontario, the U.S, acquired Prairie Mushrooms that offers various mushrooms that includes oyster mushrooms and button mushrooms among others. This acquisition will facilitate the company to strengthen its mushroom product portfolio in Canada.

[The full explanation of the Global Mushroom Market report can be a thorough study of current market trends, industry growth drivers and constraints. It provides a market forecast of around 2018-2026 years, including market size and growth trends in different segments as well as their growth factors, traders, suppliers, investors, CEOs, research and media, global managers, etc.]

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Report Scope by Segments

Product Type Segment (20162026; US$ Bn)

Button MushroomShiitake MushroomOyster MushroomOthers (milky mushroom, paddy mushroom, reishi mushroom, and winter mushrooms)

Form Segment (20162026; US$ Bn)

FreshProcessedCannedDriedFrozenOthers (powder mushroom, pickled mushroom and mushroom sauces)

Distribution Channel Segment (20162026; US$ Bn)

Supermarkets HypermarketsConvenience StoresOnline ChannelsOthers (Retail outlets, specialty stores, etc)

Geographic Coverage

North America Mushroom Market Revenue and Forecast

Europe Mushroom Market Revenue and Forecast

Asia Pacific Mushroom Market Revenue and Forecast

Latin America Mushroom Market Revenue and Forecast

Middle East and Africa Mushroom Market Revenue and Forecast

List of Companies Covered:

Costa Pty Ltd.

Monterey Mushrooms Inc.

Bonduelle Fresh Europe

Drinkwaters Mushrooms Limited

The Mushroom Company

Monaghan Mushrooms Ireland

Okechamp S.A.

Lutece Holdings B.V.

Key questions answered in this report

Who are the distributors, traders and dealers of mushroom market?

What are expected largest product type, form and distribution channel segments in the market during the forecast period from 2018 to 2026?

What are the fastest-growing segments in the market for the forecast period?

What are the current market trends in the mushroom market and valuable opportunities for the players?

How the regulatory framework affects the global as well as the regional markets?

Which are the key players operating in the global market and what are the strategies adopted by them?

What are sales, revenue, business strategy and product portfolio of top manufacturers of mushroom market?

What is the market size and trend in emerging and developed markets?

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