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
Northbrook, IL 60062 -- (SBWIRE) -- 05/20/2022 -- The mushroom cultivation market is estimated to account for a value of USD 16.7 billion in 2020 and is projected to grow at a CAGR of 4.0% from 2020, to reach a value of USD 20.4 billion by 2025. 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 are some of the major factors fueling the demand for mushroom cultivation .
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The shiitake mushroom segment is projected to be the fastest-growing in the mushroom cultivation market during the forecast period.
Also known as Black Forest mushrooms, these mushrooms are preferred by consumers because of their aromatic flavor, various nutritional and medicinal health benefits. They are one of the most popular cultivated varieties of specialty mushrooms. Native to Asia, it is primarily cultivated in Japan, China, and the US. They are a rich source of vitamins, minerals, protein, and are low in calories. Multiple health benefits associated with shiitake mushrooms is expected to boost its sales in the coming years at a global level.
By type, the button mushroom segment is projected to dominate the global mushroom cultivation 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.
South America is projected to be the fastest-growing during the forecast period.
South America mushroom cultivation market is projected to be the fastest-growing during the forecast period. Countries such as Brazil and Argentina constituted the largest markets in the South American region. Rising awareness among consumers regarding the medicinal and culinary value of mushrooms is expected to expand mushroom cultivation in these countries. The availability of agriculture waste in these countries is expected to gain the interest of growers to switch towards mushroom cultivation since agriculture waste acts as a substrate for mushroom production. Lucrative opportunities ie ahead for Brazil since it is the largest producer of sugarcane at a global level, generating a significant amount of agriculture waste.
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Key players in this market include Monaghan Mushrooms (Ireland), Walsh Mushrooms Group (Ireland), Mycelia (Belgium), South Mill Mushrooms Sales (US), Smithy Mushrooms Ltd. (UK), Rheinische Pilz Zentrale GmbH (Germany), Italspwan (Italy), Mushroom SAS (Italy), Hirano Mushroom LLC (Kosovo), Fujishukin Co. Ltd. (Japan). These major players in this market are focusing on increasing their presence through mergers & acquisitions, new product launches and agreements. These companies have a strong presence in Asia Pacific, Europe and North America. They also have substrate manufacturing facilities and strong distribution networks across these regions.
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