Mushroom is an umbrella-shaped fruiting body of a convinced macro-fungi group that is fleshy and nutrient-rich. They can appear above or below the ground and are eatable as it delivers strong umami flavor and numerous health benefits.
According to the report analysis, ‘Mushroom Market: Current Analysis and Forecast (2021-2027)’ states that the deficiency and inadequacy of micronutrients constitute a global health issue. Despite the plentiful sunshine present in numerous of the countries across the globe, there has been an upsurge in the number of people with vitamin D deficiency owing to the lack of food fortified with, vitamin D. Additionally, owing to such facts and the growth in health-conscious population, there has been increasing demand for mushrooms amongst the consumers as mushrooms comprise Vitamin D and have the capability to synthesize it when uncovered to UV light or sunlight exposure.
Furthermore, the effective growth in demand for clean label cosmetics and increasing consumer awareness concerning the product formulation and ingredients is obtaining significant traction in the market. Therefore, several beauty & personal care product manufacturers are being progressively using plant-based ingredients while formulating their products which in turn is predicted to have a positive impact on the requirement for mushrooms.
Based on the product type, the market is classified into button, shiitake, oyster, and others. The button segment created revenue of USD XX billion during 2020. The segment is predicted to augment at a CAGR of XX% throughout the forecast duration to reach a market valuation of USD XX billion by 2027. However, the shiitake mushroom is also predicted to develop in the forthcoming years.
Based on the distribution channel, the market is categorized into hypermarkets & supermarkets, convenience stores, grocery stores, and online. The hypermarket & supermarket segment created revenue of USD XX billion during 2020 and is predicted to develop at a CAGR of XX% throughout the forecast duration to reach a market valuation of USD XX billion by 2027F. However, the online segment is predicted to develop at a proficient pace during the upcoming years.
Some of the great players functioning in the market are Basciani Foods Inc., Monaghan Mushrooms, BioFungi GmbH, Mush-Boom Costa, Bonduelle, Weikfield Foods Pvt. Ltd., Greenyard, Scelta Mushroom BV, Valley Mushrooms, SA Mushrooms, etc. Several M&As along with partnerships have been undertaken by these players to improve a wide variability of mushrooms.
For a better understanding of the market implementation of the Mushroom Market, the market is analyzed based on its worldwide existence in the countries such as Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), North America (the United States and Canada), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of APAC), and Rest of World. Asia-Pacific constitutes a foremost market for the Mushroom Market industry and generated revenue of USD XX Million during 2020 due to the increasing consumption and introduction of mushrooms in Asian countries. Therefore, in the near years, it is predicted that the market of mushroom will increase around the globe more actively over the near future.
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Ankur Gupta, Head Marketing & Communications