The report “Mushroom Cultivation Market by Type (Button mushroom, Oyster mushroom, Shiitake mushroom, Other types), By Phase, By Region (North America, Europe, Asia Pacific, South America, Rest of the World) – Global Forecast to 2025″ The mushroom cultivation market is estimated at USD 16.7 billion in 2020 and is projected to reach USD 20.4 billion by 2025, at a CAGR of 4.0% during the forecast period.
The market is driven by the rise in the number of consumers switching towards flexitarian and vegetarian diets, especially in developed countries. Mushrooms are a rich source of vitamins and serve as a meat alternative. Apart from this, in developing countries, cost-effectiveness associated with mushroom cultivation has gained the interest of growers. The availability of abundant agriculture wastes that act as a substrate for mushroom cultivation is further expected to boost mushroom production in these countries.
The higher per capita mushroom consumption and adoption of modern mushroom cultivation techniques in the Asia Pacific region is projected to drive the growth of the mushroom cultivation market
According to the China Business Research Institute, the country was the largest edible mushroom producer at a global level and reached an estimated annual yield of 38.42 million tonnes in 2017. This accounted for about 75% of the total global output. Furthermore, the CCCFNA Edible Mushroom Branch (2018) stated that the export of edible mushrooms was valued at USD 3.8 billion in the same year. According to a research paper, mushroom cultivation is the fifth-largest agricultural sector in the country, valued at USD 24.0 billion.
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The Asia Pacific is the leading region in the global mushroom production market. The per capita consumption in China, the largest producer of mushrooms in the world, is higher than any other country. The consumption of mushroom in Asian countries such as Japan, India, and others are increasing at a significant rate accredited by increasing production. Increasing vegan population and shifting trend toward nutrition-rich food have led to the market growth of mushrooms in Asian countries.
South America is projected to be the fastest-growing during the forecast period.
South America mushroom cultivation market is projected to be the fastest-growing during the forecast period. Countries such as Brazil and Argentina constituted the largest markets in the South American region. Rising awareness among consumers regarding the medicinal and culinary value of mushrooms is expected to expand mushroom cultivation in these countries.
The availability of agriculture waste in these countries is expected to gain the interest of growers to switch towards mushroom cultivation since agriculture waste acts as a substrate for mushroom production. Lucrative opportunities ie ahead for Brazil since it is the largest producer of sugarcane at a global level, generating a significant amount of agriculture waste.
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This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the mushroom cultivation market. It consists of the profiles of leading companies such as Monaghan Mushrooms (Ireland), Walsh Mushrooms Group (Ireland), Mycelia (Belgium), South Mill Mushrooms Sales (US), Smithy Mushrooms Ltd. (UK), Rheinische Pilz Zentrale GmbH (Germany), Italspwan (Italy), Mushroom SAS (Italy) Hirano Mushroom LLC (Kosovo), Fujishukin Co. Ltd. (Japan), Societa Agricola Porretta (Italy), Gourmet Mushrooms, Inc. (US), Fresh Mushroom Europe (Belgium), Commercial Mushroom Producers (Ireland), Lambert Spawn (US), F.H.U Julita Kucewicz (Poland), Polar Shiitake Oy (Finland), Heereco BV (Netherlands), Bluff City Fungi (US), and Mycoterra Farm (US).