Mushroom Market Size, Share & Growth Potential by 2032

Mushroom Market Size, Share & Growth Potential by 2032 The global mushroom market was valued at 17.25 million tonnes in 2023 and is projected to grow from 18.39 million tonnes in 2024 to 32.04 million tonnes by 2032, reflecting a CAGR of 7.18% between 2024 and 2032. The Asia Pacific region dominated the market in 2023, contributing 79.83% of the total share. In the United States, the mushroom market is expected to expand steadily, reaching 1.22 million tonnes by 2032. This growth will be supported by the adoption of advanced cultivation technologies by domestic producers and increasing merger and acquisition activity by international companies looking to strengthen their market presence in the U.S. Although mushrooms are typically grouped with vegetables, they are in fact edible fungi, offering a rich nutrient profile vitamin D, selenium, riboflavin, and potassium. Research highlights their potential immunity, managing weight, and promoting overall that includes in supporting wellness. Additionally, studies link mushroom consumption to reduced risks of prostate and breast cancers, driving their popularity among health-conscious consumers. The COVID-19 pandemic reshaped consumer habits, with foodservice sales declining due to restrictions, while at-home consumption of fresh produce including mushrooms rose significantly. According to the U.S. Department of Agriculture (USDA), 816,367 pounds of mushrooms were shipped in 2020, representing a 3% increase in sales value (USD 1.15 billion). Brown mushroom sales climbed 3.6%, and specialty mushrooms grew by 2%, reaching USD 67.4 million. Online grocery shopping and the gradual recovery of the HORECA (Hotel, Restaurant, Caf ) sector have further supported market growth. Information Source: https://www.fortunebusinessinsights.com/industry- reports/mushroom-market-100197 Market Segmentation

The market is segmented by type into button, shiitake, oyster, and other varieties; by form into fresh, canned, frozen, and dried; and by region into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Report Highlights Analysis of market trends and growth drivers Key challenges and restraints COVID-19 impact assessment on the mushroom industry Strategic insights for market expansion Overview of technological and product innovations Market Drivers & Challenges Rising health awareness is fueling demand for mushrooms due to their low-fat, high-fiber, and immunity-boosting properties, making them a popular choice across households, restaurants, and institutional meals. At the same time, ongoing R&D is driving the cultivation of exotic and medicinal varieties, while globalization of trade is creating opportunities for specialty and functional mushroom products. However, the industry faces production challenges as mushroom farming is highly labor-intensive, with labor costs making up nearly one-third of expenses, prompting producers to adopt automation, robotics, and smart farming solutions, though high production costs still pose a major barrier to large-scale expansion. Regional Insights Asia Pacific is expected to remain the market leader, driven by China s large- scale production and rising consumption in India, Japan, and Southeast Asia, supported by improved cultivation techniques. Europe is showing steady growth, with increasing demand in Germany, the UK, Spain, and the Netherlands, particularly for medicinal and specialty mushrooms, aided by modern farming technologies. North America, led by the U.S. and Canada, is experiencing stable growth through improved farming practices and supportive government policies, while South America, especially Brazil and Argentina, is witnessing rising demand fueled by the growing popularity of plant-based and processed foods. Competitive Landscape Global Expansion via Partnerships and Acquisitions

Key players are actively pursuing mergers, acquisitions, and collaborations to strengthen their market reach. Investments in R&D and product innovation remain central to growth strategies. Leading Companies in the Mushroom Market: Weikfield Foods Pvt. Ltd. (India) BioFungi GmbH (Germany) Monaghan Mushrooms (Ireland) Highline Mushrooms (Canada) Scelta Mushrooms BV (Netherlands) Monterey Mushrooms, Inc. (U.S.) Nasza Chata (Poland) Banken Champignons B.V. (Netherlands) Bonduelle S.A. (France) Ecolink Baltic (Lithuania) Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample- pdf/mushroom-market-100197 Recent Developments March 2021 New Wave Holdings Corp. launched its first functional mushroom product line under the Way of Will brand in the U.S., including capsules and powders. July 2020 Leap Foods introduced a range of mushroom-based meat substitutes, such as burgers and sausages, reflecting growing innovation in plant-based proteins.