The dried mushroom global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Dried Mushroom Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The dried mushroom market size has grown strongly in recent years. It will grow from $3.92 billion in 2023 to $4.29 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increasing demand for umami flavor, increasing consumer awareness, growing popularity of vegan cuisine, high vitamin D content and natural composition of dried mushrooms, need for organic food.
The dried mushroom market size is expected to see strong growth in the next few years. It will grow to $6.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to growing health and wellness trends, rising interest in vegan food, versatile application in food products, expansion of e-commerce, increasing consumer health consciousness. Major trends in the forecast period include increasing demand for plant-based protein, the rise of functional foods, sustainability and organic products, culinary innovations, emergence of mushroom blends.
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Scope Of Dried Mushroom Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dried Mushroom Market Overview
Market Drivers –
The rising interest in vegan food is expected to drive the dried mushroom market going forward. Vegan food is made entirely from plant-based ingredients, excluding all animal products such as meat, dairy, and eggs. Veganism is growing due to health, environmental, and ethical factors. Additionally, ethical considerations regarding animal welfare drive people to adopt veganism to avoid contributing to the exploitation of animals. Dried mushrooms significantly contribute to the growing interest in vegan food by offering a rich, umami flavor and a meaty texture that improve the taste of plant-based dishes. For instance, in June 2021, according to the data published by Grubhub, a US-based food ordering and delivery platform, vegan food delivery orders experienced a 17% overall increase in 2021, with orders for plant-based burgers rising by 28% and vegetarian orders seeing a notable 55% surge compared to trends observed in 2020. Therefore, the rising interest in vegan food drives the dried mushroom market.
Market Trends –
Major companies operating in the dried mushroom market are increasing their focus on launching organic nutraceutical mushroom extract to be used as ingredients by food and supplement manufacturers. Organic nutraceutical mushrooms are natural health supplements derived from mushrooms for dietary support, immune enhancement, and overall wellness benefits. For instance, in September 2022, Ethical Naturals, a manufacturer of botanical-based products, collaborated with Nammex to create Mushroom-Plus, a new range of organic mushroom extracts designed to address particular health conditions. The new components include Nammex organic mushroom extracts and additional bioactive compounds to increase their therapeutic benefits and marketability. The Mushroom-Plus products contain standardized, organically certified mushroom extracts from Nammex, blended with other bioactive ingredients to enhance their benefits.
The dried mushroom market covered in this report is segmented –
1) By Product Type: Shiitake Mushrooms, Button Mushrooms, Oyster Mushrooms, Reishi Mushrooms, Milky Mushrooms, Winter Mushrooms, Paddy Straw
2) By Packaging: Cartons, Boxes, Polyethylene Bags
3) By Application: Food And Beverages, Food Supplements, Pharmaceuticals, Other Applications
4) By Distribution Channel: Supermarkets, Convenient Stores, E-Commerce, Specialized Stores
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Regional Insights –
North America was the largest region in the dried mushroom market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the dried mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the dried mushroom market are Greenyard, Monaghan Mushrooms, Costa Group, Monterey Mushrooms LLC, Nature’s Way Brands, Roland Foods LLC, Dalian Gaishi Food Co. Ltd., Weikfield Foods Pvt. Ltd., Sabarot, Banken Champignons B.V., Fungi Perfecti, Hirano Mushroom LLC, Far West Fungi, Hughes Mushrooms, Fresh Mushroom Europe, Ann Miller’s Specialty Mushrooms Ltd., Mitoku Company Ltd., Sapna Foods Inc., Asia Pacific Farm Enterprises, Mycoterra Farm
Table of Contents
1. Executive Summary
2. Dried Mushroom Market Report Structure
3. Dried Mushroom Market Trends And Strategies
4. Dried Mushroom Market – Macro Economic Scenario
5. Global Dried Mushroom Market Size and Growth
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32. Global Dried Mushroom Market Competitive Benchmarking
33. Global Dried Mushroom Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dried Mushroom Market
35. Dried Mushroom Market Future Outlook and Potential Analysis
36. Appendix
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