Authored By: Sarah
08 Nov 2023

Medicinal values associated with mushrooms and growth potential in untapped markets are boosting the Mushroom Market |Forecast for  2023-2027|Technavio

The Mushroom Market is likely to experience steady growth because of the medicinal values associated with mushrooms and growth potential in untapped markets. Rising at a CAGR of 6.62%, the market is estimated to have an incremental growth of USD 22.20 Bn from 2023 to 2027.

Leading brands such as Banken Champignons B.V., Basciani Foods Inc., BioFungi GmbH, BONDUELLE SA, Commercial Mushroom Producers Co. Operative Society Ltd., Drinkwater Mushrooms, Fujishukin Co. Ltd., Giorgio Fresh Co., Greenyard NV, Highline Mushrooms, Hughes Group, Lambert Spawn, etc are some of the major market participants and are contributing significantly to the market advancement of the Mushroom.

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Snapshot of Mushroom Market Analysis

 Technavio Analyst Quoted ~ “ Market potential in untapped zones is more likely to drive the market advancement of the Mushroom and the global mushroom market will benefit significantly from untapped markets that contribute to its growth.” 

Technavio’s recent analysis of the Mushroom Market includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities followed by a detailed study of the market segments in Europe, APAC, North America, South America, and Middle East and Africa, geographically during the forecast period. The APAC region is expected to have a market share of 40% in this predicted timeline. Purchase our best-selling report on the Mushroom Market and avail all the data-backed insights.

Supply chain challenges labor shortages and Risks related to diseases, abnormal temperature change, and extreme weather events are expected to hinder the growth of the market. However, Automation in mushroom harvesting and the rising adoption of vegan and vegetarian diets will have a positive impact on the mushroom market during the forecast period.

Technavio’s analysis of the Mushroom Market also includes:

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive mushroom market growth during the next five years
  • Precise estimation of the mushroom market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mushroom market industry across 
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of Mushroom Market

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