Mushroom Market to Reach 20.84 Million Tonnes by 2026

The global mushroom market is poised to attain great heights as global mushroom consumption is projected to reach 20.84 million tons (MT) by 2026, displaying a CAGR of 6.41%. According to the Fortune Business Insights report on the global mushroom market, the global mushroom consumption stood at 12.74 MT in 2018. 

The report states that one of the key drivers of the global mushroom market growth will be the increasing awareness of the health benefits of mushrooms, which will be a major turning point in the global dietary shift towards vegetarianism.

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Mushrooms are a type of fungi that are generally edible. They are identified as vegetables, but they are considered as a fruiting body of certain kinds of fungi. Mushrooms are nutritionally rich, containing potassium, vitamin D, riboflavin, and other nutrients.

"Increasing Demand for Fresh Mushrooms to Drive the Market"

Fresh vegetables, including mushrooms, are considered highly nutritious as they are not injected or sprayed with any harmful preservatives or pesticides. With growing preference for organic food, demand for fresh mushrooms in escalating, especially in Europe, and is, thus, accelerating the global mushroom market revenue. Abundant availability of different varieties of mushrooms and favorable climate for mushroom growth in countries such as India and China will significantly contribute towards expanding the global mushroom market size during the forecast period.

"Worldwide Consumption of Button Mushrooms to Boost Sales"

Commercial cultivation of button mushrooms is undertaken in almost all major mushroom producing and consuming countries in the world, such as the US and China. This type of mushroom is well-known for its cancer-fighting properties and there is growing investment in research and development from the public as well as the private sector, both of which will augment the global mushroom market growth. Other mushroom varieties such as Shiitake are also seeing rising production and consumption in Southeast Asia and Europe.

"Growing Adoption of Advanced Cultivation Techniques to Foster Market Growth in North America"

Asia-Pacific recorded 10.25 million tonnes of mushroom consumption in 2018 owing to the high per capita consumption of mushrooms in China. This, coupled with rising consumption of the fungus in India and Japan, is expected to favor the market from mushrooms in the region. Furthermore, improvement in production techniques in Japan will make the market in this region even more dynamic.

In Europe, countries such as Germany, Spain, and the UK are raising the demand for mushrooms for their medicinal properties. Advancements in processing techniques will further boost the market in the continent.   

North America is predicted to hold a substantial chunk of the global mushroom market share on account of the rapid adoption of advanced cultivation and processing technologies in the region. Additionally, the region consumed 0.66 MT of mushrooms in 2018 and the trend is expected to continue well into the forecast period.

For more details, click here: https://www.fortunebusinessinsights.com/industry-reports/mushroom-market-100197

"Mergers and Acquisitions to Energize Competition in the Market"

Competition in the global mushroom market is expected to intensify as major players are increasingly focusing on merger and acquisition activities to strengthen their market position and expand their operations. For example, Sylvan Inc. entered into an agreement with Yuguan China in September 2018 to diversify its operations across continents. Similarly, Canada-based Highland Mushrooms acquired Prairie Mushrooms in March 2018 to reinforce their presence in the market in North America.

Read more in this press release: https://www.fortunebusinessinsights.com/press-release/mushroom-market-9301