DUBLIN--(BUSINESS WIRE)--The "Mushroom Cultivation Market by Type (Button mushroom, Oyster mushroom, Shiitake mushroom, Other types), By Phase, By Region (North America, Europe, Asia Pacific, South America, Rest of the World) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The mushroom cultivation market is estimated to account for a value of USD 16.7 billion in 2020.
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 across the globe. However, the lack of technical knowledge for spawn production among growers in developing countries can hinder the growth of the market.
The button mushroom segment, by type, is projected to dominate the market during the forecast period.
The button mushroom segment accounted for the largest market share in 2019. The button mushroom is a widely consumed mushroom type across the world and can potentially offer many health benefits. The mushroom type is commercially grown in almost all the major mushroom producing countries such as China, Japan, the US, the UK, Germany, and Poland. Increased R&D on the white mushroom to find the potential to prevent cancer, along with its availability at affordable prices as compared to special mushroom varieties, is projected to escalate the demand for button mushroom during the forecast period.It contributes more than 40% of global production.
The Asia Pacific market is estimated to account for the largest market share due to higher per capita mushroom consumption and adoption of modern mushroom cultivation techniques in the region.
According to the China Business Research Institute, the country was the largest edible mushroom producer at a global level and reached an estimated annual yield of 38.42 million tonnes in 2017. This accounted for about 75% of the total global output. Furthermore, the CCCFNA Edible Mushroom Branch (2018) stated that the export of edible mushrooms was valued at USD 3.8 billion in the same year. According to a research paper, mushroom cultivation is the fifth-largest agricultural sector in the country, valued at USD 24.0 billion. The Asia Pacific is the leading region in the global mushroom production market. The per capita consumption in China, the largest producer of mushrooms in the world, is higher than any other country. The consumption of mushroom in Asian countries such as Japan, India, and others are increasing at a significant rate accredited by increasing production. Increasing vegan population and shifting trend toward nutrition-rich food have led to the market growth of mushrooms in Asian countries.
Market Dynamics
Drivers
- Multifunctionality of Mushrooms
- Cost-Effectiveness Associated With Mushroom Cultivation
Restraints
- Spawn Production in Developing Countries
Opportunities
- Economic Viability of Mushroom Cultivation and Trade by Developing Countries
Challenges
- Lack of Improvised Mushroom Farm Management Practices
Companies Profiled
- Monaghan Mushrooms
- Walsh Mushrooms Group
- Mycelia
- South Mill Mushrooms Sales
- Smithy Mushrooms Limited
- Rheinische Pilz Zentrale GmbH
- Societa Agricola Italspawn Di Valentino E Massimo Sartor Ss
- Mushroom S.A.S
- Hirano Mushroom LLC
- Fujishukin Co. Ltd.
- Societa Agricola Porretta
- Gourmet Mushrooms, Inc.
- Fresh Mushroom Europe
- Commercial Mushroom Producers
- Lambert Spawn
- F.H.U Julita Kucewicz
- Polar Shiitake Oy
- Heereco Bv
- Bluff City Fungi
- Mycoterra Farm
For more information about this report visit https://www.researchandmarkets.com/r/kqj2t2
