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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights

Introduction to Mushroom

Mushroom is a fungus which has a stem, cap and gills. Mushrooms are source of various nutrients such as selenium, vitamins and potassium. Mushrooms contain very less amount of gluten and are fat free. Mushrooms usually have short lifespan and its cultivation is different from other plants owing to the lack of chlorophyll.

Market Size and Forecast

The global mushroom market is observing robust growth on account of increasing disposable income and changing food habits, thereby driving the demand for mushroom. Advancement in food industry in the past few years and growing preservative processes regarding mushroom is projected to drive mushroom market. Additionally, growing population is also expected to propel the market growth of the mushroom market globally.

The mushroom market is segmented into the mushroom types into button mushroom, shiitake mushroom, oyster mushroom and others. Button mushrooms are gaining popularity owing to its more availability, thriving the growth of mushroom market. On the basis of product mushroom market is segmented into fresh and processed mushroom. Fresh mushroom is expected to contribute highest market share to the global mushroom market.

consumer prices of mushroom

As per CBS StatLine Databank, the global consumer price index (CPI) of mushroom has decreased from 2012 to 2017. This has increased the demand for mushroom. The high consumer price index of USD1.3 in 2012 has dropped to USD0.85 in 2017. The global mushroom market is anticipated to record CGPA of 8.7% during the forecast period. The mushroom market is expected to reach a value of USD 70 billion at the end of the forecast period.

mushroom market Graph

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Growth Drivers

Widespread Technological Advancement

Government and international agencies are continuously investing on research and developments for improving the mushroom quality. Biotechnology holds a vital role for the mushroom breeding process. Biotechnological advancements is expected to drive the mushroom market during the forecast period.

Rising Health Awareness

Changing food habit changes coupled with growing awareness regarding healthy diet is projected to flourish the growth of the market. The mushrooms contain less fat and cholesterol which increases the demand for the mushroom. Mushroom are rich in nutrients such as vitamins and minerals .This is expected to drive the market growth of mushroom during the forecast period.

Restraints

Limited Shelf-Life

The mushrooms are very delicate owing to its short lifespan. It can be preserved by various preservation techniques which increases the cost .Thus, limited shelf life of mushroom is expected to hinder the growth of mushroom market.

Market Segmentation

Our-in depth analysis of the global mushroom market includes the following segments:

By Mushroom Type

Button Mushroom
Shiitake Mushroom
Oyster Mushroom
Others

By Product Type

Fresh Mushroom
Processed Mushroom

By Region

On the basis of regional analysis, global Mushroom market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

In Europe, mushroom is expected to witness high demand during the forecast period. The high demand for healthy food coupled with the increasing demand for mushroom in European countries.

Asia Pacific is the highest growing mushroom market on account of rising population coupled with the increasing demand for nutritious food in the region. This is expected to drive the mushroom market over the forecast period. In Asia Pacific region countries such as China, India and Japan is expected to witness significant growth during the forecast period on the back of increasing demand for various cuisine during the forecast period.

Global mushroom market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Key Players