Processed Mushrooms Market Report 2024

The processed mushrooms market size has grown strongly in recent years. It will grow from $19.12 billion in 2023 to $20.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historic period can be attributed to several factors including the rising plant-based movement, increasing demand for functional foods and nutraceuticals, growing consumer preference for healthy and organic food options, rapid urbanization, increasingly busy lifestyles, and expansion of the food service industry.

The processed mushrooms market size is expected to see strong growth in the next few years. It will grow to $26.71 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to increasing culinary interest, rising demand for clean label products, growing demand from end users such as the food and beverage industry, increasing consumer awareness of environmental issues, and rising popularity of plant-based and vegan diets. Major trends anticipated during this period include product innovation, the health and wellness trend, advancements in food processing technology, sustainability initiatives with eco-friendly packaging, and a growing trend towards incorporating mushrooms into various food products.

The increasing popularity of the food and beverages industry is expected to drive the growth of the processed mushrooms market in the coming years. The food and beverage industry encompasses the entire supply chain from production and processing to distribution and sale of food and drinks consumed globally. The growth in this industry is fueled by increasing agricultural output, rising consumption of processed foods, and growing consumer interest in diverse food choices. Processed mushrooms enhance the efficiency, flavor diversity, nutritional value, and consumer appeal of food and beverage products, making them a valuable ingredient in various culinary applications. For example, according to the Australian Bureau of Statistics, sales of food and non-alcoholic drinks in Australia reached 15.1 million tons in the fiscal year 2021-2022, marking a significant increase from 14.8 million tons sold in the previous fiscal year of 2020-2021. Therefore, the expanding popularity of the food and beverages industry plays a pivotal role in propelling the growth of the processed mushrooms market.

Major companies in the processed mushroom market are innovating by developing products such as organic mushroom complex capsules, aiming to enhance nutritional profiles and health benefits. These capsules offer a convenient and concentrated way to incorporate a variety of organic medicinal mushrooms into daily diets, potentially delivering natural and organic health benefits. For example, in August 2023, Four Sigmatic, a US-based wellness company, introduced its new line of Mushroom-Botanical-Vitamin Capsule Blends. These organic mushroom complex capsules are available in three varieties, Focus, Calm, and Memory. Each blend combines functional mushrooms, adaptogens, vitamins, and botanicals to offer enhanced effects compared to standalone mushroom supplements. The Memory capsules, for instance, include cordyceps extract, gotu kola, and folate aimed at improving memory, cognition, and mental stamina.

In January 2021, South Mill Champs, a US-based company specializing in processed mushrooms, acquired The Mushroom Company for an undisclosed sum. This acquisition is intended to bolster South Mill Champs' capabilities with a range of high-quality and innovative products, including individually quick-frozen (IQF) mushrooms, canning, blanching, and blending services. The Mushroom Company, also based in the US, specializes in the processing and distribution of mushrooms.

Major companies operating in the processed mushrooms market are Greenyard NV, Bondulle S.A., Giorgio Fresh Co., Monterey Mushrooms Inc., South Mill Champs, To-Jo Mushrooms, Hughes Group, Banken Champignons B.V, Shanghai Fengke Biological Technology Co. Ltd, Scelta Mushrooms BV, Weikfield Foods Private Limited, OKECHAMP SA, The Mushroom Company, Valley Mushrooms Ltd., Ann Miller's Speciality Mushrooms Ltd., Agro Dutch ndustries Ltd., Drinkwater Mushrooms Ltd., Sa Mushrooms Pty Ltd., Nasza Chata, Ecolink Baltic.

Europe was the largest region in the processed mushrooms market in 2023. The regions covered in the processed mushrooms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the processed mushrooms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Processed mushrooms refer to mushrooms that have undergone various methods of preparation or preservation before being made available for consumption. These mushrooms are valued for their convenience, extended shelf life, and versatility in culinary applications, making them popular both in commercial food production and home cooking.

The primary types of processed mushrooms include button canned mushrooms, shiitake canned mushrooms, oyster canned mushrooms, morel canned mushrooms, and others. Button canned mushrooms are derived from species such as Agaricus bisporus or Agaricus bitorquis, and they are available in various forms such as dried, frozen, and canned. These products are distributed through hypermarkets, supermarkets, specialty stores, online platforms, and other retail channels. They find applications in diverse sectors including the food processing industry, retail sales, direct consumption, pharmaceuticals, food services, and more.

The processed mushrooms market research report is one of a series of new reports that provides processed mushrooms market statistics, including processed mushrooms industry global market size, regional shares, competitors with a processed mushrooms market share, detailed processed mushrooms market segments, market trends, and opportunities, and any further data you may need to thrive in the processed mushroom industry. This processed mushrooms market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The processed mushrooms market consists of sales of dried mushrooms, pickled mushrooms, mushroom sauces and toppings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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