Global Mushroom Market: Snapshot
The global market for mushrooms has witnessed growth at an impressive pace in the past few years, chiefly owing to the vast rise in consumption of processed foods, rising consumer awareness about health benefits of mushrooms, and advancements in packaging technologies to increase shelf life of mushrooms. Owing to the vast rise in demand for processed food products and the increased consumption of brown mushrooms, the mushroom market is expected to present significant growth and investment opportunities for players operating in the market, especially in the Asia Pacific region.
Owing to the increasing number of companies and the intensifying competition, companies in the market are emphasizing on market consolidation by participating in activities such as mergers and acquisitions with food and beverages companies and distributors in new geographical markets. Mergers, acquisitions, and collaborations in the market are expected to have a major transformational effect on the growth dynamics of the market in the near future, opening up growth opportunities for the market across unconventional regional markets, to say the least. The increasing rate of urbanization in Asia Pacific, Europe and North America is expected to cause a major shift towards preference for packaged food, further stimulating the market for Mushroom.
Transparency Market Research estimates that the revenue generated from the global mushroom market will be at US$36,825.4 mn by the end of 2016 and is expected to exhibit a CAGR of 8.2% from 2016 to 2024, rising to a valuation of US$69,267.9 by 2024.
Fresh Mushrooms to Continue to Remain World’s First Choice
In terms of form, the global mushroom market is segmented in the report into fresh mushroom and processed mushroom. The segment of processed mushrooms is further segmented into dried mushroom, frozen mushroom, and canned mushroom.
Of these, the segment of fresh mushrooms accounted for a dominant 56.5% of the global market in 2016. The segment is expected to retain dominance in the global mushroom market by the end of forecast period as well, exhibiting a promising 8.3% CAGR. In the processed mushrooms segment, the sub-segment of drier mushrooms will present the most promising growth opportunities, expanding at a CAGR of 8.9% over the report’s forecast period.
North America’s Revenue Contribution to Global Mushroom Market to Surpass that of Other Regions
From a geographical standpoint, North America is the leading contributor of revenue to the global mushroom market, accounting for a share of nearly 34% in 2016 in the global market. The huge market for processed foods, high dependence on imported products, and the continuously rising demand for mushrooms in foods and beverages are expected to allow North America mushroom market to keep the top spot in the global market throughout the forecast period. The regional market also benefits from a highly advanced packaging industry, technologically advanced storage equipment, and intensive expenditure in research and development activities aimed at finding new packaging technologies that can keep mushrooms fresh for longer durations.
While North America holds the top position in the mushroom market, the Asia Pacific market is expected to present the most promising growth opportunities for players in the global mushroom market. The Asia Pacific mushroom market is expected to exhibit a CAGR of 8.8% over the forecast period. The significant growth prospects of the Asia Pacific mushroom market include the vast rise in consumption from the health-conscious population, rising production volumes of a variety of mushrooms, and the rising focus of key global players on making vast investments in R&D activities in the thriving food and beverages industry.
Some of the leading players operating in the global mushroom market are Costa Group, Okechamp S.A., Monterey Mushrooms Inc., Monaghan Mushrooms, Drinkwater’s Mushroom Ltd., The Mushroom Company, Shanghai Finc Bio-Tech Inc., CMP Mushrooms Greenyard NV (Lutèce), and Bonduelle SA.
Global Mushroom Market: Overview
This report provides forecast and analysis of the mushroom market on global level. It provides historical data of 2015 along with estimated data of 2016, and forecast data up to 2024 in terms of revenue (US$ Mn). The report also includes macroeconomic indicators along with an outlook on mushrooms consumption pattern across the globe. It includes drivers and restraints of the global mushroom market and their impact on each region during the forecast period. The report also comprises the study of current issues with end users and opportunities for mushroom manufacturers. It also includes value chain analysis.
In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and company players with their key developments and strategy overview. The dashboard provides detailed comparison of mushroom manufacturers on parameters such as operating margin, total revenue, product portfolio, and what we call ‘innovation scale’. The study encompasses market attractiveness analysis by type, form, application, and region.
Global Mushroom Market: Segmentation
The global mushroom market is segmented on the basis of by type, the global mushroom market is segmented into button mushroom, shiitake mushroom, oyster mushroom, and others. By form type, the global mushroom market is segmented into fresh mushroom and processed mushroom. The processed mushroom is further segmented into dried mushroom, frozen mushroom, canned mushroom, and others. Fresh mushroom segment is expected to dominate the global mushroom market by the end of forecast period. Among application type, the retail outlet segment is expected to continue its dominance in the market over the forecast period.
Global Mushroom Market: Scope of the Report
Market numbers have been estimated based on data available from Food and Agricultural Organization (FAO) website, and extensive secondary and primary research, average pricing of mushroom by form type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The mushroom market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional mushroom manufacturers, suppliers, and distributors.
All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of mushroom and its related products in the different regions. Top-down approach has been used to estimate the mushroom market by regions. Global market numbers by type, form and application have been derived using the bottom-up approach, which is cumulative of each country’s demand. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, FAO, and Hoover’s, company financial reports, investor relations, Morningstar and company annual reports and publications.
Global Mushroom Market: Competitive Dynamics
The report provides detailed competitive and company profiles of key participants operating in the Global market. Key players in global mushroom include Bonduelle SA, Monterey Mushrooms Inc., Okechamp S.A., Costa Group, The Mushroom Company, Drinkwater’s Mushroom Ltd., Greenyard NV (Lutèce), Monaghan Mushrooms, Shanghai Finc Bio-Tech Inc., and CMP Mushrooms.
The market has been segmented as below:
Global Mushroom Market – By Type
- Button Mushroom
- Shiitake Mushroom
- Oyster Mushroom
Global Mushroom market – Form Type?
- Fresh Mushroom
- Processed Mushroom
- Dried Mushroom
- Frozen Mushroom
- Canned Mushroom
Global Mushroom market – Application
- Food Processing Industry
- Retail Outlets
- Food Services
Global Mushroom market – By Region
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)