According to
the report, the demand for the global button mushroom market was valued at USD
12.62 billion in 2016 is expected to reach USD 19.23 billion in 2022 and is
anticipated to grow at a CAGR of 7.3% between 2017 and 2022.
Mushroom is
the fleshy fungus which is parasitic in nature i.e. they depend on other plants
for the food source. Mushrooms can be cultivated with low cost and lowland,
therefore the majority of manufacturers are turning towards mushroom
cultivation. Mushrooms market is likely to experience tremendous growth over
the years owing to rise in food and medical industry. They are two type’s
edible and toxic mushrooms. Mushrooms are considered good for health; as they
contain negligible sodium and gluten content.
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Mushroom
contains proteins with low-cholesterol and low-fat content. The market is
mainly driven by increasing demand from the food industry. Surging use of
mushrooms as ingredients in various food products fuels the market growth.
Consumption of organic food is increasing dramatically in almost all developed
and developing countries. Increasing awareness of health, diet, and nutrition,
has increased interest in organic food products, including canned organic fruit
and vegetables. However, strict regulations for processing of mushrooms led by
the FDA due to the presence of various harmful mushroom species may impede the
growth of the market. In addition, the low shelf life of mushrooms is the other
factor impacting on the growth of the mushroom market. Nonetheless, growing
demand for mushrooms and escalating food chains and emerging food markets is
likely to open a new avenue for the mushroom market in the near future. Also,
growing awareness among people about button mushroom is expected to show high
consumption in future.
Application
segment of button mushroom market is categorized into the fresh mushroom and
processed mushroom. Both fresh and processed mushrooms are used in food
industry for the production of several food products. The fresh mushroom was
the leading segment on account of increasing production of the food industry in
developing countries. Fresh mushroom dominated the global button mushroom
market in 2016 with 63.15% of total market share. Processed mushroom segment is
expected to witness the fastest growth in the coming years owing to increasing
demand for dried, frozen, canned, mushroom powder and mushroom sauces.
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The global
button mushroom market was dominated by Europe in 2016 which accounted for
37.91% of the total market. This region is also considered to be the largest
producing and processing region for mushroom. Mushroom is very popular among
Asian countries. Thus, Asia Pacific is likely to gain attraction in coming
years. Increasing demand for organic and high protein content food in North
America is expected to raise a growth of the button mushroom market. The Middle
East & Africa will show sustainable growth over the forecast period. Latin
America is anticipated to show decent growth in forecast period due to the use
of mushroom in pizza and various different foods. In terms of revenue, Middle
East & Africa and Latin America together contributes 12.58% of the total
market share in 2016 and expected to reach 12.73% by the end of forecast
period.
Major
companies have been investing in product innovation, technological advancement,
and maintaining quality standards in order to retain their dominance in the
market. Key participants operating in the global market include Bonduelle Fresh
Europe, Costa Pvt Ltd, Drinkwater’s Button Mushrooms Limited, Lutece Holdings
B.V., Monaghan Button Mushrooms Ireland, Monterey Button Mushrooms Inc.,
Okechamp S.A., Shanghai Finc Bio-Tech Inc., The Button Mushroom Company and
others.
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