Global Market Study on Mushroom (2019-2027) - Spiralling Rate of Processed Food Consumption Promises Uptake Opportunities
- Rep Id : XPLREP3887
- Published On : May, 2019
- No. of Pages : 250
- Category : Food
In terms of value, the global mushroom market is expected to reach a market value of US$ 58,109.9 Mn by the end of 2027, with an expected CAGR of 9.1% over the forecast period. The key factors responsible for the growth of mushroom market include increasing demand for processed food, health benefits associated with the consumption of mushroom, ease of usability of mushroom via innovative packaging solutions, the expanding HoReCa (hotels, restaurants, and cafes) culture, and rising demand for mushroom-based products.
The escalating urbanization and growing westernization are paving the path for the already thriving HoReCa sector, playing a vital role in introducing several multinational cuisines and flavors to the consumers – thus generating substantial demand for mushroom and mushroom-based products.
Thriving Processed Food Demand Pushing Consumption of Mushroom as Key Ingredient
There is increasing demand for ready-to-eat food and meals among the consumers, and this is attributed to the busy lifestyles, demanding work cultures, and hectic schedules. The consumers have started preferring processed and ready-to-eat food over the conventional options available in the market, to cater to their hunger needs.
However, the consumers are nowadays becoming more conscious about the food products they consume, and thus are seeking healthier options in the processed food category. Mushroom is widely used in processed foods and is itself available in several formats including dried, canned, and frozen formats, to satisfy the changing consumers need for more significant convenience processed food without compromising the health of consumers.
Mushroom’s Rich Nutritional Profile Fostering Sales
Increasing consumer inclination towards maintaining a healthy lifestyle has led to higher consumption of food and food ingredients with potential health benefits. Recently, consumers in both developed as well as developing economies are becoming more conscious about their dietary intake and are getting more inclined towards consumption of healthy foods and products, which fulfill the nutritional need of their body.
Mushroom-based processed food products are rich in vitamins, minerals, dietary fibers, proteins, etc. and thus provides necessary nutrients to consumers that they do not receive from other food products. Hence, growing health and wellness consciousness is anticipated to be one of the primary drivers for the growth of the mushroom market.
Advanced Packaging Technologies Contributing to Prolonged Shelf Life of Mushroom
The manufactures operating in the mushroom market are using advanced technologies and innovative packaging solutions to extend the shelf life of the mushroom, to provide long-lasting mushroom products to the consumers. The manufacturers of mushrooms are using active packaging technology to inhibit the growth of microorganisms responsible for the spoilage and degradation of the fresh mushroom, along with minimizing food lost, simplifying packaging, and reducing the use of preservatives. Owing to these advancements in packaging technologies, manufacturers are now able to offer a variety of mushrooms at supermarkets, hypermarkets, departmental stores, etc.
Increasing Demand for Mushroom-based Products
Demand for mushroom is increasing globally, owing to health benefits associated with the consumption of mushroom and its products. Manufacturers are focusing on offering new innovative mushroom products through intensive R&D capabilities. The mushroom growers are collaborating with the end use industries to deliver innovative and unique end products to the consumers. Several manufactures have launched mushroom-based products such as health drinks and beverages, packaging materials, and several other state-of-the-art, sustainable products.
- For instance, Ecovative Design LLC, a biomaterials company, is offering various mushroom-based packaging products such as GIY Packaging kit and other biodegradable products to cater the growing needs of end users for environment friendly products.
- Manufacturers such as Sayan Health, Four Sigmatic, and NordicNordic are offering various mushroom-based drinks such as mushroom coffee mix, mushroom elixir mix, Chaga mushroom exilir mix, and similar products to cater to the growing demand of consumers for healthy beverages.
Partnerships and Acquisitions Between Key Players Shaping Competition
The manufactures of mushroom are focusing on up scaling their production capabilities to meet the growing demand of mushrooms. To update their inventories with more mushroom products, the key players are entering into partnerships/agreements and are focusing on acquisitions of small mushroom producers.
Besides, leading players are enhancing and strengthening their distribution network in both developing and developed economies, to expand their business footprint in the global market. The active participation of big players is again anticipated to drive the growth of mushroom over the forecast years.
- For instance, in 2016, Greenyard Foods acquired percentage of shares of Lutece Holding B.V., which is a producer and distributor of fresh mushrooms and mushroom products. This acquisition aided the company to strengthen its position in the preserved mushroom segment.
Mushroom Market: Introduction
The proposed market report of XMR on the global mushroom market evaluates opportunities in the current market, and provides updates and insights corresponding to different segments involved in the global mushroom market over the forecast period 2019–2027. The global mushroom market report further exhibits the estimated data for 2019, and forecast data up to 2027 in terms of value (US$ Mn) and volume (MT).
The present study exhibits the market dynamics and trends of mushroom market in regions - North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The report includes market growth drivers and challenges for the global mushroom market, and their impact on each region during the forecast period. The report also comprises the study of the drivers, restraints, threats, and opportunities for the mushroom market. It also includes value chain analysis and opportunity analysis of the market.
Mushroom Market: Report Description
The report explores the global mushroom market for the period 2019–2027. The principal objective of the global mushroom report is to provide insights into key developments in the market that are consistently supporting to transform global businesses that are associated with the mushroom. It is very important to consider that, in an ever wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition with the Compound Annual Growth Rate (CAGR) for the overall forecast, to understand the better analysis and evaluation of the global mushroom market, and to discover the justifiable opportunities.
Yet another key feature of this report is that, the estimation of the global mushroom market and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting the overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global mushroom market.
The global mushroom market report starts with an elaborated executive summary, and the market definition of various segmentations that are included and their respective shares in the global mushroom market. The report further incorporates the major macroeconomic factors which has an effect over the growth of mushroom market. The market report also highlights the various market dynamics which includes the drivers, restraints, opportunities, and trends in the global mushroom market. The report further underlines the study of present issues with industrial processing, and opportunities for mushroom market. It also encompasses value chain analysis which provides a structural view of overall profitability from the manufacturer to the end user of the mushroom market.
In order to provide users with a clear view of the global mushroom market, we have exhibited the competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of mushroom manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global mushroom market attractiveness analysis by product type, form, nature, end use, and region.
To evaluate the overall market size of mushroom, the report on mushroom market considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation such as market shares by product type, form, nature, end use, and regions and other qualitative data from primary respondents, which have been consolidated to arrive at clear and accurate market estimations. The forecast presented in the mushroom market report arrives at the total revenue being generated, and expected revenue contribution in the future by the global mushroom market.
The detailed profiles of companies that manufactures mushroom are included in the global mushroom report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global mushroom market. Major market players covered in the mushroom market report are Bonduelle SA, Greenyard NV, Monterey Mushrooms Inc., Okechamp S.A., Costa Group Holdings Ltd., Drinkwater Mushrooms Ltd, Hughes Mushroom, Weikfield Foods Pvt. Ltd., Monaghan Mushrooms Ireland Unlimited Company, Shanghai Finc Bio-Tech Inc., The Mushroom Company, and Commercial Mushroom Producers Ltd.
Mushroom Market: Segmentation
The subsequent sections analyze the global mushroom market on the basis of product type, form, nature, drying method, end use, and region, and presents a forecast for the period 2019–2027. The market is segmented as follows:
Mushroom Market by Product Type
- Button Mushroom
- Shiitake Mushroom
- Oyster Mushroom
Mushroom Market by Form
Mushroom Market by Nature
Mushroom Market by End user
- Food Processing Industries
- Retail Outlets
- Food Service Restaurants
Mushroom Market by Region
- North America
- Latin America
- Rest of LATAM
- Rest of Europe
- Asia Pacific Excluding Japan
- South Korea
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- New Zealand