Button Mushroom Market
The global button mushroom market is projected to reach a revenue of USD 27,948.91 million by 2030, growing at a CAGR of 7.55% from 2022. The increasing demand for healthy and nutritious food, especially among the vegan and vegetarian population, is driving the growth of the market. Additionally, the expanding use of mushrooms in the pharmaceutical and cosmetics industry is also contributing to market growth.
The market is segmented into fresh and processed mushrooms, with the fresh mushroom segment holding the largest share of 55%. Under the fresh segment, button mushrooms, shiitake mushrooms, and oyster mushrooms are the major subsegments. On the other hand, canned mushrooms, dried mushrooms, and mushroom powder dominate the processed mushroom segment.
Several companies are operating in the global button mushroom market, including Premier Mushroom Farms, Himalayan International, Monterey Mushrooms, The Mushroom Company, Cambium Biotech, Okechamp, Flex Foods, Lutece, and Costa. North America is the largest region for the market, mainly due to the high consumption of mushrooms in the food and beverage industry. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period, owing to the increasing demand for healthy food products and the growing popularity of veganism and vegetarianism in countries like India and China.
Despite such growth prospects, the high cost of mushroom cultivation and a lack of awareness of the health benefits of mushrooms are pulling back the market from reaching its full potential. Furthermore, competition from other healthy food products is also restraining the growth of the button mushroom market. Nonetheless, the market presents opportunities for the development of new mushroom-based products, the expansion of mushroom cultivation in emerging markets, and the growing demand for organic mushrooms.
- The global revenue for Button Mushroom is projected to reach 18054.58 USD Million in 2022 and 27948.91 USD Million in 2030, with a CAGR of 7.55%.
- The market is segmented into Fresh (55% share) and Processed (45% share) mushrooms, with various subsegments such as Button Mushroom, Shiitake Mushroom, Oyster Mushroom, Canned Mushroom, Dried Mushroom, and Mushroom Powder.
- The major players in the market include Premier Mushroom Farms, Himalayan International, Monterey Mushrooms, The Mushroom Company, Cambium Biotech, Okechamp, Flex Foods, Lutece, and Costa.
- North America is currently the largest region for Button Mushroom, while Asia Pacific is the fastest-growing region.
- The drivers for market growth include increasing demand for healthy and nutritious food, growing vegan and vegetarian population, and expanding use of mushrooms in the pharmaceutical and cosmetics industry.
- The major restraints for market growth include the high cost of mushroom cultivation, lack of awareness about the health benefits of mushrooms, and competition from other healthy food products.
- The market presents various opportunities such as growing demand for organic mushrooms, development of new mushroom-based products, and expansion of mushroom cultivation in emerging markets.
| Base Year | 2021 |
|---|---|
| Forecast Year | 2022 - 2030 |
| Revenue 2022 | 18054.58 |
| Revenue 2030 | 27948.91 |
| CAGR | 7.55% |
| Fastest Growing Region | North America |
| Largest Region | Asia Pacific |
Drivers: The drivers are the factors that are contributing to the growth of the button mushroom market. In this case, the increasing demand for healthy and nutritious food, the growing vegan and vegetarian population, and the expanding use of mushrooms in pharmaceutical and cosmetics industries are the drivers of the button mushrooms market.
Restraints: The restraints are the factors that are hindering the growth of the button mushroom market. In this case, the high cost of mushroom cultivation, the lack of awareness about the health benefits of mushrooms, and the competition from other healthy food products are the restraints of the button mushrooms market.
Opportunities: The opportunities are the potential growth areas that the button mushroom market can explore. In this case, the growing demand for organic mushrooms, the development of new mushroom-based products, and the expansion of mushroom cultivation in emerging markets are the opportunities of the button mushrooms market.
1. Fresh Segment:
- This segment holds a share of 55%, making it the larger segment of the mushroom industry.
- Major sub-segments within this category include button mushrooms, shiitake mushrooms, and oyster mushrooms.
- Increasing demand for healthy and nutritious food is a significant driver for the growth of this segment.
- Rising awareness among consumers about the immune-boosting and anti-inflammatory properties of fresh mushrooms is also driving demand.
- Additionally, an expanding vegan and vegetarian population is contributing to the growth of this segment as mushrooms are a popular meat substitute.
- The Fresh segment is expected to grow at a CAGR of 7.7% during the forecast period.
2. Processed Segment:
- The Processed segment holds a 45% share in the mushroom industry.
- Major sub-segments within this category include canned mushrooms, dried mushrooms, and mushroom powder.
- The rising demand for processed and convenience foods is driving the growth of this segment.
- The increasing use of mushroom powder in pharmaceuticals and cosmetics is also contributing to the demand for this segment.
- The Processed segment is expected to grow at a CAGR of 7.4% during the forecast period.
Overall, the mushroom industry is expected to experience significant growth in the future, driven by increasing demand for healthy and nutritious food, expanding use of mushrooms in pharmaceuticals and cosmetics, and the growing vegan and vegetarian population. However, high costs of cultivation and lack of awareness about the health benefits of mushrooms may pose as restraints to the growth of the industry. Opportunities for growth include the expanding demand for organic mushrooms, the development of new mushroom-based products, and the expansion of mushroom cultivation in emerging markets.
According to the given data, North America is the largest market for button mushrooms, followed by Europe and Asia Pacific. However, the Asia Pacific region is expected to be the fastest-growing market due to factors such as a growing vegan and vegetarian population and an increasing demand for healthy and nutritious food. This presents a significant opportunity for mushroom cultivation in emerging markets within the region.
Furthermore, the expanding use of mushrooms in the pharmaceutical and cosmetics industry is also driving the growth of the market, which is likely to benefit companies operating in regions with advanced pharmaceutical and cosmetics industries.
In recent years, the market for Button Mushrooms has been growing steadily due to several factors. The rising demand for healthy and nutritious food, driven by an increasing health-conscious population, has led to an increased consumption of mushrooms, including Button mushrooms. Additionally, the growing vegan and vegetarian population has also contributed to the growth of the market. As mushrooms are considered a good source of plant-based protein, they have gained popularity among this consumer group.
Moreover, the use of mushrooms in the pharmaceutical and cosmetics industry has also expanded in recent years. Mushrooms contain bio-active compounds that have potential health benefits, such as anti-inflammatory and antioxidant properties. This has led to increased research and development activities to explore the potential use of mushrooms in various applications.
However, there are also some challenges that the market faces. The high cost of mushroom cultivation is one of the major restraints that affects the growth of the market. Additionally, the lack of awareness about the health benefits of mushrooms, and competition from other healthy food products, pose challenges for the market players.
Despite these challenges, the market presents various opportunities for growth. The growing demand for organic mushrooms provides an opportunity for companies to expand their product portfolio. Moreover, the development of new mushroom-based products and the expansion of mushroom cultivation in emerging markets can also provide growth opportunities for the market players.
The global market for Button Mushroom is highly competitive, with several well-established players competing for market share. Some of the key companies operating in this market include Premier Mushroom Farms, Himalayan International, Monterey Mushrooms, The Mushroom Company, Cambium Biotech, Okechamp, Flex Foods, Lutece and Costa.
North America is currently the largest market for Button Mushroom, but the fastest-growing region is the Asia Pacific. This growth is driven by factors such as increasing demand for healthy and nutritious food, growing vegan and vegetarian population, and expanding use of mushrooms in pharmaceutical and cosmetics industry.
However, there are also challenges faced by the market, including the high cost of mushroom cultivation, lack of awareness about the health benefits of mushrooms, and competition from other healthy food products. In order to capitalize on the growth opportunities in this market, companies are investing in the development of new mushroom-based products, expanding mushroom cultivation in emerging markets, and targeting the growing demand for organic mushrooms.
The global button mushroom market has witnessed significant growth in recent years, driven by various factors such as an increasing demand for healthy and nutritious food, a growing vegan and vegetarian population, and the expanding use of mushrooms in the pharmaceutical and cosmetics industry. According to the data provided, the market is expected to grow at a CAGR of 7.55% from 2022 to 2030, with a revenue forecast of 27,948.91 USD Million in 2030.
One of the major segments of the button mushroom market is the fresh sub-segment, which holds a share of 55%. It includes three types of mushrooms - Button, Shiitake, and Oyster - as sub-segments. The processed sub-segment holds a 45% share and includes canned mushrooms, dried mushrooms, and mushroom powder.
The leading companies in the market include Premier Mushroom Farms, Himalayan International, Monterey Mushrooms, The Mushroom Company, Cambium Biotech, Okechamp, Flex Foods, Lutece, and Costa. These companies are innovating and developing new mushroom-based products to keep up with the growing demand for organic mushrooms and expanding mushroom cultivation in emerging markets.
The largest region in the market is North America, while the fastest-growing region is the Asia Pacific. The Asia Pacific region is expected to witness significant growth due to the increasing urbanization and rising disposable income of consumers in the region.
However, the market also faces some challenges, including the high cost of mushroom cultivation, a lack of awareness about the health benefits of mushrooms, and competition from other healthy food products. Nevertheless, the development of new mushroom-based products and the growing demand for organic mushrooms are providing ample opportunities for market growth.
In conclusion, the global button mushroom market is expected to continue its growth trajectory in the coming years, primarily due to the increasing demand for healthy and nutritious food and the expanding use of mushrooms in the pharmaceutical and cosmetics industry. The market players are working towards innovation and developing new mushroom-based products to keep up with the growing demand, which will drive the market growth.
| Companies Covered |
Above list is not exhaustive, you can add required companies. |
|---|---|
| Segments Covered |
Segment can be customized. You can ask for customization. |
| Purchase Option | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
