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How has the mushroom market grown over the years?

The growth of the mushroom market has been robust in the past few years. It is projected to expand from $66 billion in 2024 to $71.62 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. The surge during the historical period can be attributed to factors such as the robust economic growth in emerging markets, a significant increase in the vegan population, heightened awareness of mushrooms’ health advantages, and an upswing in demand for processed foods.

What Is the forecasted market size and growth rate for the mushroom market?

The market for laboratory testing services is anticipated to experience robust expansion in the upcoming years. The market is projected to reach $139.66 billion by 2029, with a compound annual growth rate (CAGR) of 5.4%. The escalation during the projection period can be ascribed to the augmented focus on precision medicine, burgeoning growth in diagnostic testing, global supply chain disruptions, increased subcontracting of testing services, and the rising significance of environmental testing. Key trends during the forecast period will involve the emergence of new technologies, advancements in pharmaceuticals and biotechnology, technological progress, collaborations and partnerships, concentration on precision medicine, and upsurge in outsourcing.

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What are the major factors driving growth in the mushroom market?

The mushroom market is predicted to thrive as a result of the escalating demand for a vegan diet. A vegan or plant-based diet, which rejects all animal products including meat, dairy, and eggs, is increasingly becoming favored by many consumers due to health, animal welfare, and environmental concerns, resulting in an upsurge in mushroom consumption. As an instance, Cook Unity, a US-based firm that delivers customizable and handy meal delivery plans fitting customer preferences, contends that in 2022, about 5% to 6% of Americans refraining from consuming meat or fish would identify as vegetarians. Moreover, in December 2021, the Plant Based Foods Association, a resident US food association, reported a rise in the sales of plant-based foods, with a 6.2% increase in 2021 compared to the already landmark year of growth in 2020. In view of this, the mushroom market is indeed benefitting from the growing demand for a vegan diet.

What key areas define 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 are the top market players propelling the growth of the mushroom industry?

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 key trends shaping the future of the mushroom market?

Businesses in the industry are placing emphasis on modern technology investments to cut down on production time and costs and secure a competitive edge. For example, BioInnovation Lab from the College of Science and Mathematics at Kennesaw State University introduced a new automated technology for mushroom products, named MycoLogic, in 2023. This technology enables growers to cultivate more, higher quality specialty mushrooms in 40-foot shipping containers specifically designed to provide optimal growing conditions.

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What regions are dominating the mushroom market growth?

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.

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