The global mushroom market reached 17.25 million tonnes in 2023 and is expected to grow from 18.39 million tonnes in 2024 to 32.04 million tonnes by 2032, reflecting a compound annual growth rate (CAGR) of 7.18% throughout the forecast period (2024–2032). In 2023, the Asia Pacific region held the largest share, accounting for 79.83% of the global market. The mushroom market in the United States is also projected to experience significant growth, with forecasts indicating it will reach 1.22 million tonnes by 2032. This growth is being driven by increased domestic investments in advanced cultivation methods and a rise in mergers and acquisitions by international firms aiming to strengthen their footprint in the U.S. market.
Although mushrooms are commonly considered vegetables, they are in fact edible fungi and not part of the plant kingdom. They provide a variety of beneficial nutrients, such as riboflavin, potassium, vitamin D, selenium, and others. Clinical and preclinical studies have shown that mushrooms support immune health, assist in weight control, and contribute to overall wellness. Furthermore, regular consumption has been linked to a lower risk of diseases like prostate and breast cancer, which is helping to fuel market demand.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/mushroom-market-100197
Market Segmentation
The mushroom market is segmented by type into button, shiitake, oyster, and other varieties. Based on form, the categories include fresh, canned, frozen, and dried mushrooms. Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Drivers & Restraints
Growing Health Awareness Driving Demand for Nutritious Foods
With rising health consciousness, there is increasing demand for foods that are low in fat and free of cholesterol, which is boosting mushroom consumption. Their use is widespread in households, restaurants, hotels, and cafeterias due to their fiber content and enzymes that promote gut and immune health. These qualities are expected to support continued demand and contribute to global market growth.
Advancements in research and development related to commercial mushroom farming are anticipated to open new avenues for expansion. The increasing popularity of exotic mushroom varieties and the expansion of international trade are also expected to be key market drivers.
Given that mushroom farming is labor-intensive, with nearly one-third of total production costs attributed to labor, producers are turning to automation, robotics, and advanced monitoring systems to improve productivity. Investment in automated cultivation technologies is likely to further drive market expansion.
However, high operational expenses may act as a barrier and limit broader market growth.
Regional Insights