Mushroom market witnesses impressive growth due to numerous health benefits

Market - Mohit Shah - May 10,2017

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mushroom market witnesses impressive growth due to numerous health benefits

With the vast rise in demand for processed food products and other related factors, the mushroom market is estimated to exhibit growth at a CAGR of 8.2% from 2016 to 2024.

The demand for mushroom has risen powerfully due to an evident surge in the consumption of processed foods, along with rising consumer awareness regarding health benefits of this food item. Another primary factor is the advancement in packaging technologies that work to enhance the shelf life of mushrooms.

According to a recent report available on Transparency Market Research (TMR), the increased consumption of brown mushrooms is expected to present significant growth as well as investment opportunities for the prime manufacturers operating in the market. Moreover, the mushroom market on the global level was valued at US$34,100.0 mn in 2015, but is anticipated to exhibit a promising 8.2% CAGR during 2016 to 2024, to reach a valuation of US$69,267.9 by 2024.

The prominent mushroom types which are popular among the consumer population include button mushroom, shiitake mushroom, and oyster mushroom; out of these varieties, the button mushroom segment accounted for over 47.2% of the global market in the year 2016.

 

Also, the most productive regions of the mushroom market include North America, Latin America, Asia-Pacific (APAC), Europe and Middle East & Africa (MEA). Out of these regions, the North American market presently accounts for comparatively high revenue share in the global market and is indeed expected to experience high growth until 2024.

 

The leading players actively operating in the mushroom market worldwide include Costa Group, Okechamp S.A., Monterey Mushrooms Inc., Drinkwater’s Mushroom Ltd., Monaghan Mushrooms, The Mushroom Company, CMP Mushrooms Greenyard NV (Lutèce), Shanghai Finc Bio-Tech Inc.,  and Bonduelle SA. Based on recent instances, the U.S.-based company Ready Pac Foods has been acquired by Bonduelle SA in 2017, aimed at strengthening its hold in the North American region.

 

For more information on this report visit –http://www.transparencymarketresearch.com/mushroom-market.html