Mushroom Market Projected to Grow at 9.2% through 2021
Global mushroom market projected to cross USD 59.48 billion by 2021, growing at a CAGR of 9.2
Global mushroom market projected to cross USD 59.48 billion by 2021, growing at a CAGR of 9.2
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Published By: Zion <strong>Market</strong> Research<br />
Global <strong>Mushroom</strong> <strong>Market</strong> Is Expected To Reach<br />
Above USD 59,485.23 Million in <strong>2021</strong><br />
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<strong>Mushroom</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research has published a new report titled “<strong>Mushroom</strong> <strong>Market</strong> by Type (Milky<br />
<strong>Mushroom</strong>, But<strong>to</strong>n, Shiitake, Oyster, Paddy <strong>Mushroom</strong>, Winter <strong>Mushroom</strong>s, Reishi<br />
<strong>Mushroom</strong> and Others), by C<strong>at</strong>egory (Fresh <strong>Mushroom</strong>, Dried <strong>Mushroom</strong>, Canned<br />
<strong>Mushroom</strong>, Frozen <strong>Mushroom</strong> and Others) for Food Processing Industry, Medical and<br />
Direct Consumption: Global Industry Perspective, Comprehensive Analysis and<br />
Forecast, 2015 – <strong>2021</strong>”. According <strong>to</strong> the report, the global mushroom market was valued <strong>at</strong><br />
over USD 35.08 billion in 2015, is expected <strong>to</strong> reach above USD 59.48 billion in <strong>2021</strong> and is<br />
anticip<strong>at</strong>ed <strong>to</strong> grow <strong>at</strong> a CAGR of slightly above <strong>9.2%</strong> between 2016 and <strong>2021</strong>.<br />
<strong>Mushroom</strong> is the fleshly fungus which is parasitic in n<strong>at</strong>ure i.e. they depend on other plants for<br />
the food source. <strong>Mushroom</strong>s can be cultiv<strong>at</strong>ed with low cost and lowland, therefore the majority<br />
of manufacturers are turning <strong>to</strong>wards mushroom cultiv<strong>at</strong>ion. <strong>Mushroom</strong>s are distinct due <strong>to</strong> their<br />
nutritional properties. <strong>Mushroom</strong>s can be broadly classified as edible and non-edible mushrooms<br />
which are mainly <strong>to</strong>xic. <strong>Mushroom</strong>s market is likely <strong>to</strong> experience tremendous growth over the<br />
period of years owing <strong>to</strong> rise in food and medical industry.<br />
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<strong>Mushroom</strong> <strong>Market</strong><br />
Surging use of mushrooms as ingredients in various food products fuels the mushroom market<br />
growth. <strong>Mushroom</strong> possess various nutritional properties such as low f<strong>at</strong> and low cholesterol<br />
which is utilized as prominent food for the p<strong>at</strong>ients suffering from high cholesterol and obesity.<br />
This fac<strong>to</strong>r, in turn, stimul<strong>at</strong>es the growth of the market. However, the low shelf life of the<br />
mushrooms increases the preserv<strong>at</strong>ion cost of the manufacturers which may hinder the growth<br />
of the market. Nevertheless, escal<strong>at</strong>ing food chain and food markets in the developing countries<br />
coupled with ongoing research for untapped uses of mushrooms are likely <strong>to</strong> open new<br />
opportunities for the mushroom market in the coming years.<br />
The mushrooms market can be segmented on the basis of type in<strong>to</strong> the milky mushroom,<br />
but<strong>to</strong>n, shiitake, oyster, paddy mushroom, winter mushrooms and reishi mushroom among<br />
others. But<strong>to</strong>n mushroom was the leading segment of the market in 2015 owing <strong>to</strong> high demand<br />
from the end users due <strong>to</strong> its organic properties and easy availability. Fresh and processed<br />
mushrooms are utilized in the food industry for manufacturing of numerous food products. The<br />
food industry, medical and direct consumption are the some of the end users of the mushroom<br />
market. Among all, food industry domin<strong>at</strong>ed the mushroom market due <strong>to</strong> the diverse use of<br />
mushrooms in food products. Medical segment is likely <strong>to</strong> experience a high growth in the<br />
forecast period owing <strong>to</strong> high medical properties of mushrooms.<br />
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<strong>Mushroom</strong> <strong>Market</strong><br />
Asia-Pacific accounted for the largest market share in 2015 and is expected <strong>to</strong> grow <strong>at</strong> the faster<br />
pace in the forecast period. Some of the fac<strong>to</strong>rs such as higher consumption r<strong>at</strong>e of mushroom<br />
in China, India, and Japan suffice the growth of the mushroom market in this region. Europe<br />
held the highest market share of the mushroom market in 2015. Europe accounted for largest<br />
production and processing region for mushroom owing <strong>to</strong> high demand for organic food from<br />
end-user industry. North America is experiencing elev<strong>at</strong>ed growth due <strong>to</strong> growing demand for<br />
processed food. L<strong>at</strong>in America has a huge stake in developing the mushroom market due <strong>to</strong> the<br />
utiliz<strong>at</strong>ion of mushroom in various food products for gre<strong>at</strong> taste and aroma. The Middle East and<br />
Africa are likely <strong>to</strong> witness decent growth in the forecast period due <strong>to</strong> the presence of abundant<br />
resources and favorable conditions.<br />
Intense competition among the players due <strong>to</strong> the presence of several vendors in the market<br />
forces the companies <strong>to</strong> follow different str<strong>at</strong>egies like product innov<strong>at</strong>ion <strong>to</strong> sustain in the<br />
market. Monaghan <strong>Mushroom</strong>s, Fresh S<strong>to</strong>ck, Agro Dutch Industries Ltd, Bonduelle, Modern<br />
<strong>Mushroom</strong> Farms, Hughes <strong>Mushroom</strong>, Scelta <strong>Mushroom</strong>s BV, Drinkw<strong>at</strong>er <strong>Mushroom</strong>s Ltd,<br />
Banken Champignons, the California <strong>Mushroom</strong> Farms Inc, Monterey <strong>Mushroom</strong>s, Inc, Ecolink<br />
Baltic, OKECHAMP S.A., The <strong>Mushroom</strong> Company, Weikfield Foods Pvt. Ltd and Kulkarni Farm<br />
Fresh Pvt. Ltd among others are some of the key profiles in the mushroom market.<br />
Browse detail report with in-depth TOC @<br />
https://www.zionmarketresearch.com/report/mushroom-market
<strong>Mushroom</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United St<strong>at</strong>es<br />
Tel: +1-386-310-3803 GMT +49-322 210 92714<br />
Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.com Web: www.zionmarketresearch.com
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