Global Edible Mushroom Market - 2019-2026
発行: DataM Intelligence
The edible mushrooms are one of the highly-valued horticultural crops grown worldwide. The edible mushrooms are the fleshy and edible fruit bodies of several species of macrofungi that comprised of the fungi which bear fruiting structures. The edible mushrooms grow either below ground or the above ground. Edible mushrooms are fat- and cholesterol-free, low-sodium food, rich in essential nutrients, and antioxidants. The global edible mushroom market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the increasing demand for edible mushrooms in the development of functional food products due to its nutritional, physical, and organoleptic properties. The edible mushrooms are an essential source of functional ingredients in food products. The edible mushrooms are the natural adjuvant for the prevention and alleviation of several lifestyle-related diseases. The edible mushrooms are a rich source of the excellent source of proteins, minerals, polysaccharides, unsaturated fatty acids, and secondary metabolites.
The edible mushrooms are the nutraceutical source due to their composition and presence of phytochemicals. The edible mushrooms comprised of a wide array of bioactive compounds. The edible mushrooms contain high antioxidative compounds such as phenolics, carotenoids, ascorbic acid, tocopherols, ergosterol, and polysaccharides. The consumption of the edible mushrooms protects against the damage of cells from free radical, delays aging, and disease prevention. The edible mushrooms are used for the treatment of various diseases. The edible mushrooms are useful for the prevention of several diseases such as hypertension, hypercholesterolemia, and cancer. According to the National Cancer Institute, the antioxidant content in mushrooms are useful for the prevention of lung, prostate, breast cancer and other types of cancer. The edible mushrooms help in boosting the immune system of the body due to the presence of its anti-hypercholesterolaemic activities, antiviral activities, and anticancer properties. The edible mushrooms ameliorate the toxic effect of chemotherapy and radiotherapy.
There is an increase in the launch of the edible mushrooms. For instance, in October 2016, Tesco had launched a new range of mushrooms i.e. Vitamin D-Enhanced Mushrooms. These mushrooms grow in natural light that is proven to raise vitamin D levels. The new range of the product includes the chestnut, baby chestnut, and portobello mushrooms. The mushrooms comprised of naturally contain ergosterol, a substance that allows them to create vitamin D when they are exposed to light. The mushrooms are grown exclusively for Tesco by Monaghan Mushrooms based in the Republic of Ireland.
However, the high volatility in prices of raw material required for the production of edible mushrooms and increasing agricultural labor wages are hindering the market growth. The presence of the few wild mushrooms that are toxic, or at least indigestible could have a negative impact on the market. The wild mushrooms could have several side-effects such as dryness of the mouth or throat, itchiness, rash, stomach upset, diarrhea, headache, or allergic reactions.
The global edible mushroom market is segmented based on the product type as white button, portobello, shiitake, oyster, and others. The white button segment accounts for the highest market share as the white buttons are the most cultivated mushroom varieties across the globe. The white button mushrooms are commonly found in fields and grasslands. The white buttons are primarily cultivated and available at supermarkets, farmers markets, and specialty grocers in North America, South America, Europe, Asia, Africa, and Australia. There is growing consumption of white buttons. According to the United States Department of Agriculture National Agriculture Statistics Service (NASS), approximately, two-thirds of the white button mushrooms consumed the United States come from the 68 Pennsylvania (PA) mushroom farms. Pennsylvania farms produced more than 577 million pounds of white button mushrooms in 2017. The white buttons are widely used in salads, soups, and others. The white buttons are the preferred choice for both raw and cooked applications such as baking, roasting, sauteing, grilling, and stewing.
Further, the market is also classified based on the distribution channel as the store-based, and non-store-based. The store-based segment accounts for the highest market share of XX% in 2019. The edible mushrooms are highly available in the several store-based channels comprising the supermarkets & hypermarkets, convenience stores, and others. The store-based channels are the most convenient one-stop shopping experience for the consumers. The fresh edible mushrooms are available in several stores. It is convenient for the consumers to pick up the fresh edible mushrooms. It is further expected that the store-based segment shall maintain its dominance over the forecasted period.
By region, the global edible mushroom market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia-Pacific dominated the global edible mushroom market and is expected to grow at the highest CAGR during the forecasted period owing to the high production and consumption of the edible mushrooms. According to Pennsylvania's Agricultural Development Council, Chester's County 61 farms account for 47% of the mushroom production in the United States. More than 850 million pounds of mushrooms are being produced in the United States. There is a rising demand for fat- and cholesterol-free products among the customers. There is a growing improvement for mushroom production and harvesting technologies has resulted in increasing the yield of the mushrooms. There are increasing advancements in packaging and transportation resulted in increased product quality and distribution of the edible mushrooms.
Europe is expected to have positive market growth due to the increasing demand for nutrition-rich food. The edible mushrooms are the most popular food. The edible mushrooms are the vital ingredients in several dishes. There is growing usage of the edible mushrooms for medicinal purposes. There are rising initiatives by the government for the commercial production of the edible mushrooms. For instance, the European Union (EU) had launched a one million Euro (US$ 1.14 million) commercial mushroom production project in Ghana for boosting the diversification in the agricultural sector. The EU has entered into the collaboration with the Africa Centre for Development Finance (ACDF), Centre for Posterity Interest Organisation (COPIO), and Community Youth Development Foundation (CYDF), Non-Governmental Organizations (NGOs) to facilitate the implementation of this project.
The global edible mushroom market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. The Mushroom Company, Monaghan Mushrooms, Bonduelle Group, Monterey Mushrooms, Inc., Shanghai Finc Bio-Tech Inc., Scelta Mushrooms BV, Ecolink Baltic, and California Mushroom Farm Inc. are the leading market players with significant market share. In November 2017, Monaghan Mushrooms had received the Sustainability, Project Impact Award for successfully demonstrating that the business is at the technical and environmental forefront of the mushroom business. The results of their sustainability efforts have led them to develop a vitamin D enriched mushroom which benefits both the customer and environment simultaneously.
The major players are using product development, novel product launches, market expansion, and product diversification strategies for holding their position in the market. Tesco has planned to expand its range of grocery foods and cooking kits to help people make plant-based dishes at home. These include a wide range of popular sauces, stir-fry kits, snacking pots, and trend-leading ingredients such as king oyster mushrooms and cluster mushrooms.
In November 2014, Monaghan Mushrooms had launched the Vitamin D mushrooms in Europe. These mushrooms are grown and packed at our Co. Monaghan farm in Ireland. These mushrooms taste just like regular mushrooms. These mushrooms have the potential of providing 100% of the recommended daily amount of vitamin D in just three mushrooms.
The companies are entering into the collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for edible mushroom and their expansion across the globe. For instance, in September 2019, Flourish Mushroom Labs Inc. (Subsidiary of The Yield Growth Corp.) had entered into an agreement to purchase nine recipes which include edible mushrooms as a key ingredient.
In September 2019, The Yield Growth Corp. had entered into an agreement with Absolem Health Corp., to acquire a 30% interest in Absolem. This acquisition would help the company to add to its cannabis wellness assets. It would help the company to improve access to healthy edible mushrooms by scaling up one up to pure energy into an international edible mushroom brand.
*The global edible mushroom market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages.