Global Edible Fungus Market to Surpass its Billion-dollar Mark by 2030
Projected to reach revenues of around US$ 600 Mn by 2020 end, the global market for edible fungus is set for exponential growth through 2030. The edible fungus market will witness a robust CAGR over the course of forecast period. Edible fungi have many nutritional attributes that are more commonly found in meat, beans, or grains. Fungi are low in calories, free of fat, free of cholesterol, free of gluten and very low in sodium. They have vital nutrients such as potassium (8%), selenium, niacin, riboflavin, vitamin D and others. Given the spread of various infections and increasing incidence of illnesses the consumption of edible fungi is expected to rise in the following years.
Edible Fungus Market - Key Research Findings
- The market will exhibit a CAGR of 8.5% between 2020 and 2030.
- With the expansion of the global edible fungus, the commercial production and distribution have improved significantly.
- Positive trade scenario, coupled with cultivation of number of mushroom varieties across the major mushroom producing countries, is expected to fuel the growth of the market in the forthcoming years.
- Demand for balanced diet creates scope for expansion in developing countries.
- Auricularia auricula-judae holds the largest share in the edible fungus market among the product type.
Key Factors Shaping the Edible Fungus Market
- Changing Eating Preferences Driving Growth
Increasing awareness about health benefits of various types of edible fungus is driving the market. Increasing interest in plant-based products and changing consumer preferences in favour of meat alternatives will support growth as well. Consumption of Shiitake mushroom for instance is considerably high in Southeast Asian and European countries. As per studies, the demand for this variety of mushroom will increase at a steady pace in the forthcoming years.
The recent coronavirus outbreak is changing consumption preferences for consumers. People are unlikely to buy meat products and are turning to alternatives like mushrooms. This could be a result of various rumours linking meat consumption and the spread of the virus. Also lockdown imposed is likely to have a significant impact on the market. For example, lockdowns in Asia-Pacific meat and seafood markets would result in people buying mushrooms as they taste similar, due to the increase in demand.
- Increasing Focus on Merger & Acquisition
The edible fungus market is gaining traction at a significant pace in many developed and emerging economies but their organized distribution remains a challenge in many countries and regions. Investment by market players as well as government to develop the fresh and processed distribution system for mushrooms would bring significant growth opportunities for global sales of mushrooms. A number of key players in the industry rely on mergers and acquisitions to continue to dominate the global market.
- Increasing Investment in R&D to Improve Commercial Cultivation will Offer Growth Opportunities
Governments across several countries are investing in the production of high-quality edible fungus varieties that are not only safe for human consumption but can also be exported to other countries to generate revenue. Adopting the advanced pest management method to control damage caused by pest infection in mushrooms can also lead to higher yields of mushrooms, which will eventually support the growth of edible fungi in the market.
Edible Fungus Market - Structure Analysis
- The key players in this market aim to increase their presence through mergers and acquisitions, new product releases and agreements.
- The companies have a strong presence in Asia Pacific, Europe and North America.
- They have manufacturing facilities for substrates and good distribution networks throughout those regions.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Market Value in 2020
US$ 600 Mn
Product, Industry and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
Xuerong Biotechnology, Ruyiqing, JUNESUN FUNGI, China Greenfresh Group, Shanghai Bright Esunyes, Starway Bio-technology
Demand for Fresh Mushroom is Increasing Rapidly
The demand for fresh mushroom is rising across the world, especially across in the U.S. and other developed economies. The increasing demand for healthy food products with no added preservatives is augmenting growth prospects for the edible fungus market. The U.S. is one of the main producers of fresh mushrooms. Demand for fresh mushroom is expected to see a sharp rise across Asia Pacific and Europe as a result of increasing customer inclination toward organic food. Across countries such as India, South Korea and others where there is an abundance availability of different mushroom types, such as button mushrooms, fresh mushrooms rate is comparatively lower. Low fresh mushroom prices compared to other processed types of mushroom can drive fresh mushroom sales across these regions. This will in turn favour growth of the edible fungus market.
Asia Pacific is the Leading Region in the Global Market
China being the world's largest producer of mushrooms, the per capita consumption of edible fungus is higher in the country than any other region. Consumption of edible mushrooms in Asian nations such as India, Japan and others is increasing at a significant rate due to increased production and import and export of mushrooms in these countries. In the coming years, the growing adoption of advanced farming techniques among farmers is expected to boost the edible fungus market in the region.
* This data is only a representation. Actual data may vary and will be available in report.
Rising Health Consciousness Leading to Increased Demand for Edible Fungus
Increasing demand for foods that are low in fat and cholesterol content and packed with nutrients such as selenium, potassium, vitamins and other micronutrients is expected to accelerate growth of the global edible fungus market. Furthermore, the rapid expansion of the food service sector has resulted in increasing demand for mushrooms in hotels, restaurants and cafes. Growing acceptance of edible fungus as a meat substitute, combined with increasing vegan population, is anticipated to drive the market in the foreseeable future. The rising demand for processed mushrooms, especially in Western countries is creating export opportunities for major mushroom producing nations in Asia.
Auricularia Auricula-judae segment held the leading market share
Pleurotus Ostreatus segment forecast to higher rate of growth
Fresh Mushrooms segment holds dominance
Dried Mushrooms segment to rise at a higher CAGR
How Growth will Unfold
Edible fungi are rich in nutritional values and are consumed owing to their various health benefits. They are rich in vitamins, selenium, and potassium. They help in improving the metabolism and reduce cholesterol. They are also consumed for medicinal purposes, as they are known to minimize the risk of cardiovascular diseases. Edible mushrooms for instance are typically sold fresh, frozen or dried and can also be found in powder form and also soup form. Because of this, mushroom farming has become a profitable sector, driving the edible fungus market worldwide. The demand for edible fungus is likely to skyrocket as disposable income of consumers across major developing nations including India, and Thailand increases. With the help of seasonal growing and capturing potential markets such as the United States, Germany and France, China produced low-cost mushrooms with processed edible fungus at the expense of the farmers.
With market players forging partnerships with emerging local players, in the coming years edible fungus sales are likely to pick up. FMI reveals that a majority of companies are focusing in expansion and strategic collaborations to gain edge amidst prevailing competition. Their strategies are likely to have significant impact on the growth trajectory of the edible fungus market.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Edible Fungus Market: Global Industry Analysis 2015-2019& Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Edible Fungus Market offers global industry analysis for 2015-2019& opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Edible Fungus Market, the growth prospects of the market are obtained with maximum precision.
Edible Fungus Market Taxonomy
The global Edible Fungus Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Auricularia Auricula-judae
- Pleurotus Ostreatus
- Agaricus Bisporus
- Fresh Mushrooms
- Dried Mushrooms
- Canned Mushrooms
- Frozen Mushrooms
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Edible Fungus Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Edible Fungus Market.
Readers can find the detailed segmentation and definition of the Edible Fungus Market in this chapter, which will help them understand basic information about the Edible Fungus Market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Edible Fungus Market report.
The associated industry assessment of the Edible Fungus Market is carried out in this section. The macroeconomic factors affecting growth of the Edible Fungus Market are provided in this section and the impact of these macroeconomic indicators on the Edible Fungus Market is analysed. The processing overview and technological advancements in the Edible Fungus Market is also provided.
Profit margins at each level of the Edible Fungus Market are analysed and readers can find detailed information on top importers and exporters as well as the value chain of the Edible Fungus Market.
The drivers and restraints impacting the growth of the Edible Fungus Market are explained in this chapter. Opportunities and ongoing trends in the Edible Fungus Market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Edible Fungus Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Product Type, the Edible Fungus Market is classified into Shiitake, Auricularia Auricula-judae, Pleurotus Ostreatus, Enokitake, Agaricus Bisporus, and Other. This part also offers market attractiveness analysis based on Product Type.
Based on Application, the Edible Fungus Market is classified into Fresh Mushrooms, Dried Mushrooms, Canned Mushrooms, Frozen Mushrooms, and Others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Edible Fungus Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Edible Fungus Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Edible Fungus Market in Latin America. This chapter also includes growth prospects of the Edible Fungus Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Edible Fungus Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Edible Fungus Market.
This chapter includes a detailed analysis of the growth of the Edible Fungus Market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Edible Fungus Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Edible Fungus in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Edible Fungus Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Edible Fungus Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Ruyiqing, Xuerong Biotechnology, JUNESUN FUNGI, China Greenfresh Group, Shanghai Bright Esunyes, Starway Bio-technology, Shanghai Finc Bio Tech, Jiangsu Hualv, HuBei SenYuan, Beiwei Group, Shandong Youhe, Zhuhai Sunny Evergreen Food, Chengde Runlong Foodstuffs, Anyuan Tianhua Modern Agriculture, Shenzhen Dalishi, Yukiguni Maitake, HOKTO, Green Co, and Other.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Edible Fungus report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Edible Fungus Market.
How the research was conducted?
- C - Level Executives
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- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
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- Annual Reports and Investor Presentations
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- Government Websites and Publications
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