Dried Mushroom Market Report 2024

The dried mushroom market size has grown strongly in recent years. It will grow from $3.92 billion in 2023 to $4.29 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The rise during the historic period was driven by a rising desire for umami taste, heightened consumer awareness, increasing popularity of vegan dishes, the natural composition and high vitamin D content of dried mushrooms, and a growing demand for organic foods.

The dried mushroom market size is expected to see strong growth in the next few years. It will grow to $6.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. Anticipated growth in the forecast period is fueled by increasing health and wellness trends, growing interest in vegan cuisine, versatile applications in food products, expansion of e-commerce platforms, and heightened consumer awareness about health. Key trends expected in this period include a surge in demand for plant-based proteins, the emergence of functional foods, a focus on sustainability and organic products, culinary innovations, and the popularity of mushroom blends.

The growing interest in vegan food is projected to fuel the dried mushroom market. Vegan food excludes all animal products such as meat, dairy, and eggs, and its popularity is driven by health, environmental, and ethical concerns. Concerns about animal welfare also motivate individuals to embrace veganism and avoid contributing to animal exploitation. Dried mushrooms play a significant role in the appeal of vegan cuisine by imparting a rich umami flavor and meat-like texture that enhance plant-based dishes. For instance, Grubhub reported a 17% increase in vegan food delivery orders in 2021, with plant-based burgers rising by 28% and vegetarian orders surging by 55% compared to 2020 trends. Thus, the rising interest in vegan food is a key driver of the dried mushroom market.

Leading companies in the dried mushroom market are focusing on introducing organic nutraceutical mushroom extracts for use as ingredients in food and supplement manufacturing. These extracts, derived from mushrooms, offer dietary support, immune enhancement, and overall wellness benefits. For example, Ethical Naturals partnered with Nammex in September 2022 to develop Mushroom-Plus, a series of organic mushroom extracts tailored to address specific health needs. These products feature Nammex's certified organic mushroom extracts combined with other bioactive compounds to amplify their therapeutic effects and appeal to consumers seeking natural health solutions.

In January 2023, GrowLife, Inc., a US-based company specializing in gourmet fresh and functional mushroom products, acquired Bridgetown Mushrooms for an undisclosed sum. This strategic acquisition strengthens GrowLife's presence in the dried mushroom market by incorporating production capabilities and expanding market reach to address the increasing consumer demand for functional mushroom products. Bridgetown Mushrooms, also based in the US, is known for its production and retailing of functional mushrooms, offering a range of fresh and dried mushroom varieties.

Major companies operating in the dried mushroom market are Greenyard, Monaghan Mushrooms, Costa Group, Monterey Mushrooms LLC, Nature's Way Brands, Roland Foods LLC, Dalian Gaishi Food Co. Ltd., Weikfield Foods Pvt. Ltd., Sabarot, Banken Champignons B.V., Fungi Perfecti, Hirano Mushroom LLC, Far West Fungi, Hughes Mushrooms, Fresh Mushroom Europe, Ann Miller's Specialty Mushrooms Ltd., Mitoku Company Ltd., Sapna Foods Inc., Asia Pacific Farm Enterprises, Mycoterra Farm.

North America was the largest region in the dried mushroom market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the dried mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

Dried mushrooms are fresh, edible mushrooms that have been dehydrated naturally, without preservatives, to maintain their flavor and nutritional content for extended storage. Once rehydrated, they are utilized as ingredients in a wide range of dishes including soups, pasta, salads, snack seasonings, casseroles, and meat dishes.

The primary types of dried mushrooms include shiitake, button, oyster, reishi, milky, winter, and paddy straw mushrooms. Shiitake mushrooms are particularly valued for their robust, earthy taste and firm texture, popular in Asian cuisine and renowned for potential health benefits. These mushrooms are packaged in various forms such as cartons, boxes, and polyethylene bags, tailored for applications in food and beverages, dietary supplements, pharmaceuticals, and other sectors. They are distributed through diverse channels including supermarkets, convenience stores, e-commerce platforms, and specialty stores.

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

The dried mushroom market consists of sales of dried black trumpet, hedgehog, beech, dried Agaricus blazei, matsutake, and hen of the woods mushrooms. 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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