In 2023, the global mushroom market reached 17.25 million tonnes and is expected to rise from 18.39 million tonnes in 2024 to 32.04 million tonnes by 2032. This represents a compound annual growth rate (CAGR) of 7.18% during the forecast period from 2024 to 2032. The Asia Pacific region held a dominant position, accounting for 79.83% of the total market share in 2023.
The mushroom market in the United States is also anticipated to witness considerable growth, projected to hit 1.22 million tonnes by 2032. This growth is fueled by local producers adopting advanced cultivation methods and increased merger and acquisition activity by global companies aiming to strengthen their foothold in the U.S. market.
Though mushrooms are often grouped with vegetables, they are technically edible fungi, not plants. They are rich in essential nutrients such as vitamin D, selenium, riboflavin, and potassium. Both preclinical and clinical research indicates their consumption can help support immunity, aid in weight control, and promote overall wellness. Furthermore, they have been associated with reduced risks of diseases like prostate and breast cancer, enhancing their appeal among health-conscious consumers.
The COVID-19 pandemic significantly altered consumer buying habits. While foodservice operations saw a steep decline due to restrictions, home consumption of fresh produce, including mushrooms, increased. According to the U.S. Department of Agriculture (USDA), 816,367 pounds of mushrooms were shipped in 2020, with a 3% rise in sales value, totaling USD 1.15 billion. Sales of brown mushrooms rose by 3.6%, and specialty mushroom variants saw a 2% growth, reaching USD 67.4 million. Increased online grocery shopping and the gradual recovery of the HORECA (Hotel, Restaurant, and Café) sector have further contributed to the market’s upward momentum.
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 mushroom varieties; by form into Fresh, Canned, Frozen, and Dried; and by region into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Highlights
Market Drivers and Challenges
Health Awareness Boosting Mushroom Demand
Rising global health consciousness has driven demand for nutritious, low-fat, and low-cholesterol foods. Mushrooms are increasingly featured in home kitchens, restaurants, and institutional meal services due to their fiber content and immunity-supporting compounds.
Advancements in research and development are enabling the cultivation of exotic and medicinal mushroom varieties. Meanwhile, the internationalization of mushroom trade and rising interest in unique mushroom types are unlocking new market opportunities.
However, the labor-intensive nature of mushroom farming presents challenges. Labor expenses can account for nearly one-third of total production costs. To address this, producers are investing in smart farming solutions, automation, and robotics to streamline operations and increase profitability. Despite these advancements, high production costs remain a potential barrier to widespread market adoption.
Regional Insights