The global mushroom market reached a size of 17.25 million tonnes in 2023 and is expected to expand from 18.39 million tonnes in 2024 to 32.04 million tonnes by 2032, reflecting a CAGR of 7.18% over the forecast period (2024-2032). In 2023, the Asia Pacific region led the market with a dominant 79.83% share. Additionally, the U.S. mushroom market is projected to experience significant growth, reaching an estimated 1.22 million tonnes by 2032. This growth is fueled by increased investments from local growers in advanced cultivation technologies and heightened merger & acquisition activities by international players seeking to strengthen their foothold in the country.
Mushrooms, classified as edible fungi, are often grouped with vegetables but are not technically plants. They are rich in riboflavin, potassium, vitamin D, selenium, and other nutrients essential for human health. Clinical and preclinical studies suggest that mushrooms support immune health, weight management, and overall well-being. Additionally, their consumption has been linked to a reduced risk of certain diseases, including prostate and breast cancer, further driving demand and sales.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/mushroom-market-100197
Market Segmentation
By type, the mushroom market is categorized into button, shiitake, oyster, and others. Based on form, it is segmented into fresh, canned, frozen, and dried. Geographically, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
Drivers & Restraints
Growing Health Consciousness to Drive Nutritional Food Demand
Increasing awareness of health and nutrition is expected to propel demand for low-fat, cholesterol-free foods, boosting mushroom consumption. Mushrooms are widely used in households, restaurants, hotels, and cafeterias due to their high fiber content and digestive enzymes, which support gut health and immunity. These nutritional benefits are anticipated to drive consumption and fuel global market growth.
Rising investments in research and development for commercial mushroom cultivation are expected to unlock new growth opportunities. Expanding international trade and the cultivation of exotic mushroom varieties are also poised to accelerate market expansion.
Moreover, mushroom cultivation is labor-intensive, with production costs comprising nearly one-third of total expenditures. To optimize costs, manufacturers are increasingly adopting automation, robotics, and high-tech control systems. Growing investments in automated production methods are likely to further stimulate market growth.
However, high operational costs remain a challenge, potentially restraining market expansion.