The global mushroom market is prognosticated to witness an intense competition in the span of coming years. This is attributed to the rising demand in food and beverage sector. besides, the market faces a low entry barriers, and is not really fragmented. As a result, the emergence of key entrants in the mushroom market is expected to be convenient in regional and global market.

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According to a recent report by Transparency Market Research, the global mushroom market is likely to project a steady CAGR of 8.2% within the forecast period from 2016 to 2024. In 2016, the market was valued nearby worth US$36,825.4 of US$69,267.9 by the end of forecast period. 

The Mushroom Market in Asia Pacific to Expand at CAGR of 8.8% during Forecast Period

Some of the key regions supporting the growth of the global mushroom market include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Of them, Asia Pacific is estimated to be one of the lucrative regions in the mushroom market. This growth can be attributed to many factors including increasing inclination among regional populace toward processed food consumption and rise in urbanization in several regional nations such as India and China.

Based on form, the global mushroom market is bifurcated as processed mushroom and fresh mushroom. Among these, the fresh mushroom segment held a lead of 56.5%, of share of global mushroom market in 2016. The mentioned segment is likely to sustain its position in the forecast period as well with a steady CAGR of 8.3%. Regionally, in 2016, North America led the global mushroom market owing to a majority share of 34%.  The growing market of processed food, increasing dependency on imported items, and consistent rises in demand for mushrooms are foreseen to contribute in the growth of North America market by leaps and bounds in forthcoming years. 

Expanding Businesses in Newer Regions: One of the Key Focus of Market Players

Some prominent companies operating in the mushroom market include Okechamp S.A., Costa Group, Monaghan Mushrooms, Monterey Mushrooms Inc., The Mushroom Company, Drinkwater’s Mushroom Ltd., CMP Mushrooms Greenyard NV (Lutèce), Bonduelle SA, and Shanghai Finc Bio-Tech Inc. Presence of many companies makes the competition level in the market highly intense.

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Increasing awareness among the people about the benefits of mushrooms, rising consumption of processed food items, increasing investment by firms to fulfil the demand of a huge customers with smart packaging that even extends the shelf life of the food items are among the most crucial factors backing the growth of global mushroom market in the forthcoming years. Apart from these, the rigorous RD activities and growth activities are presently to estimated to harness the expected applications of various mushroom, that is expected to additionally pump the mushroom market. 

Nevertheless, extremely low shelf-life of mushroom, poor process management, and low awareness among people are hampering the market from development. However, increasing concerns with respect to obesity is another factor to attract new consumers looking ofr reducing consumption of meat nd provide huge scope in forthcoming years. 

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Rising disposable income in the urban areas, and people living in metro cities of developing nations are the key contributors in the upsurge of the food sector. The firms in food sector are as well making use of increased trends in consumption of ready to eat food, processed food, and advanced packaging. Resultantly, the global mushroom market is flourishing significantly, owing to various health benefits and from aesthetic point of view. Mushrooms contain various nutrients for example, selenium, vitamin, and potassium. 

Application of Mushroom Market

• Food Processing Industry
• Retail Outlets
• Food Services

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