MUSHROOM MARKET TO REACH USD 68.4 BILLION BY 2027 | CAGR 6.2% – FORENCIS RESEARCH

Global Mushroom Market: Key Highlights

• According to the new market research report “Mushroom Market by Type (Button, Shiitake, Oyster, Portobello, Others), by Foam (Fresh Mushroom, Processed Mushroom), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global mushroommarket is estimated to reach USD 68.4 Billion by 2027 at a CAGR of around 6.2% during the review period.
• Mushroom are edible fungi which have been classified as vegetables, however, they are not considered as plants. Mushrooms produce spores, similar to pollen or seeds which allows them to spread or travel by wind
• Mushrooms are rich source of vitamins and minerals such as vitamin B1, B2, B5, B6, B12, selenium, and zinc, along with antioxidants and do not contain fats and cholesterol
• Results of clinical and preclinical studies have suggested the consumption of mushroom may support the enhancement of overall health.

Global Mushroom Market: Key Market Dynamics

• Mushroom is gaining popularity amongst consumers across the globe owing to its nutrients properties, which has expected to drive the market growth.
• Mushrooms are being increasingly researched and used for their important health benefits with different varieties having different medicinal properties.
• Increasing use of mushroom as a substituteformeat products owing to the rich source of vitamins and minerals has expected to surge the growth of product market.

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Global Mushroom Market: Regional Overview

• Asia Pacific

The mushroommarket in the Asia Pacific region is projected to witness high demand due to increase consumption of from countries like Japan, China, and others. This is attributed by increasing production along with increased exports of mushroom from these countries. Mushroom’s health-enhancing characteristics such as immunity and longevity while promoting liver and heart health. Moreover, mushrooms also function as a sedative on the central nervous system, thereby relieving stress and relaxing body & mind.

• Europe

Consumption and production of mushroom is increasing in the region owing to the demand nutrient-rich food in the region. Demand for mushroom in countries such as Netherlands, U.K, Germany, Spain, and others for medical purpose is expected to witness decent growth in the region. According to European Federation of Pharmaceutical Industries and Associations (EFPIA), in 2017 the pharmaceutical industry generated revenue of USD 285940.60 million. Additionally, utilization of advanced mushroom processing techniques by producer and distributors may drive the market growth. 

Global Mushroom Market: Key Players Overview

• Highline Mushrooms:

Highline Mushrooms was incorporated in 1961 and has 4 growing facilities and distribution center. The company is one of the largest mushroom producers in Canada. Highline is engaged in producing, packaging, and distributing varieties of mini bella, portobella, fresh white, and excotic mushroom. In March 2018, Highline Mushrooms acquired Prairie Mushrooms group of companies with an aim to strength Western Canadian operation and enhance its position in mushroom grower in Canada

• Sylvan Inc.:

Sylvan Inc. is one of the global leaders in fungal technology and largest producer and distributors of mushroom spawn. The company has 16 location serving more than 65 countries across the globe. The company offers product range of strains, spawns, and ancillary products. In September 2018, the company has signed a partnership agreement with uguan China in order to expand the business opportunities in the market. 

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