Research Trends: Comprehensive Mushroom Market Forecast 2023-2032: Growth Rate, Drivers, And Trends

Wednesday, 29 November 2023

Comprehensive Mushroom Market Forecast 2023-2032: Growth Rate, Drivers, And Trends

The Mushroom Global Market Report 2023 by The Business Research Company, provides mushroom market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/mushroom-global-market-report

According to The Business Research Company’s Mushroom Global Market Report 2023, the market size will grow from $57.18 billion in 2022 to $62.44 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mushroom market size is expected to grow to $90.88 billion in 2027 at a CAGR of 9.8%.

The increasing demand for vegan diet is expected to propel the growth of the mushroom market. A vegan or plant-based diet excludes all animal products, meat, dairy, and eggs. Many consumers are moving towards vegan diets due to health, animal welfare, and environmental concerns, and because of this the consumption of mushrooms is increasing.

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The mushroom market is segmented:

1) By Type: Button Mushrooms, Shiitake Mushrooms, Oyster Mushrooms

2) By Distribution Channel: Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online Sales Channel

3) By Form: Fresh, Frozen, Dried, Canned

4) By Application: Food Processing, Retail Outlets, Food Services, Other Applications

Strategic partnerships is a key trend in the mushroom market. A strategic relationship is a relationship between two commercial enterprises usually formalized by one or more business contracts and helps the company to offer a wide range of products and advance in the offering. For instance, in July 2021, Mycionics, a robotics mushroom harvesting company, announced a partnership with White Crest Mushrooms and Piccioni Brothers Mushroom Farm. It is set to deploy advanced robotic solutions to revolutionize the mushroom harvesting processes by demonstrating the viability of robotic harvesting systems. According to AgroSpectrum India, Next-Generation Manufacturing Canada, the industry-led organization behind Canada's advanced manufacturing supercluster has announced almost $4.2 million in collaborative funding for a multi-partner project, led by Mycionics.

The mushroom market report table of contents includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

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