Button Mushroom Market to Increase to $19.23 Billion by 2022
Global Button Mushroom Market Expected to Reach USD 19.23 Billion by 2022
Sarasota, FL -- (SBWire) -- 01/11/2018 --Mushrooms are in prime focus in the food industry for their multi-functional benefits. Mushrooms are considered good for health as they contain negligible sodium and gluten content. It belongs to the family of fungus and generally characterized as fruit bearing and spore forming fungus. The button mushroom is full of nutrients, low in calories, high in proteins, Vitamins, Minerals and a rich source of folic acid.
The mushroom market is expected to witness robust growth in the near future. Market is anticipated to be driven by growing demand for processed food and increasing consumption of organic food. Low fat and cholesterol content is presumed to result in higher mushroom acceptance among consumers. Grouped under vegetables, mushroom contains various nutrients such as potassium, vitamin, and selenium. With a rise in income levels, the demand for mushrooms is bound to increase across all major developing nations. Low shelf life of button mushroom is expected to have negative impact on button mushroom market. Growing awareness among people about button mushroom is expected to show high consumption in coming future.
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Button mushroom market is categorized on the basis of its application into; fresh mushroom and processed mushroom. Fresh and processed mushrooms are utilized in the food industry for manufacturing numerous food products. Fresh mushroom dominates market growth in 2016. Applications of processed mushroom includes; dried mushroom, canned mushroom, frozen mushroom and others. Mushroom market growth is anticipated due to increasing demand for processed food.
By geography, the button mushroom market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Among all, Europe was the largest market for button mushroom market in 2016, as consumer started preferring healthy and low fat food. Growing awareness about health and wellness has shown significant change in their food preferences and eating habits.
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North America has elevated growth due to growing demand for processed food. North America held the second largest market share with 30.20% of the total market share in 2016 and expected to add USD 1.96 Billion by the end of 2022. Latin America and Middle East & Africa is likely to show new growth opportunity in coming future for button mushroom market.
Major companies have been investing in product innovation, technological advancement, and maintaining quality standards in order to retain their dominance in the market. Some of these key participants operating in the global market are Bonduelle Fresh Europe, Costa Pvt Ltd, Drinkwater's Button Mushrooms Limited, Lutece Holdings B.V., Monaghan Button Mushrooms Ireland, Monterey Button Mushrooms Inc., Okechamp S.A., Shanghai Finc Bio-Tech Inc., The Button Mushroom Company and others.
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