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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<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 />
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https://www.zionmarketresearch.com/report/mushroom-market