Latest News- Fresh Mushroom Market in Singapore: Button mushroom is expected to lead the Product segment during 2025-2029

The Fresh Mushroom Market in Singapore is being driven by Medicinal values associated with mushrooms

The Fresh Mushroom Market in Singapore is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 42.5 million. The fresh mushroom market in Singapore is experiencing significant growth, driven by the expansion of the food and beverage sector and the rising trend of health-conscious consumers worldwide. The increasing preference for plant-based diets, particularly among the growing vegan population, is fueling demand for mushrooms as a nutrient-rich alternative protein source. Mushrooms are regarded as a superfood due to their high vitamin, protein, and mineral content, which contribute to combating oxidative stress and reducing the risk of chronic diseases such as cancer, dementia, and heart disease. This market growth is expected to continue during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Button mushroom
  • Shiitake mushroom
  • Oyster mushroom
  • Others
• Distribution Channel
  • Offline
  • Online
• Application
  • Food
  • Pharmaceuticals
• Geography
  • Singapore

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Medicinal values associated with mushrooms
• Growing food delivery and convenience services
• Increasing focus on holistic health and wellness

However, the market also witnesses some limitations, which are as follows:

• Risks related to diseases, abnormal temperature change, and extreme weather events
• Stringent regulations and guidelines for mushroom farming
• Supply chain challenges and labor shortages

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Market Scope in Fresh Mushroom Market in Singapore Research Report

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Research Analysis Overview

In Singapore's vibrant food scene, fresh mushrooms from various macrofungal groups are highly sought after for their edibility, distinct flavors, and aromas. Global demand for mushrooms, such as button, shiitake, and oyster, drives the production and import of these nutrient-rich, vegan-friendly ingredients. Home gardeners and label-conscious consumers appreciate their health benefits, including glutathione and ergothioneine. Import duties apply to fresh, frozen, dried, and canned forms, while plant extracts and processed products, like button, shiitake, and oyster types, offer convenience in fresh and processed forms.

Market Research Overview

In the agricultural products and services market, the food category encompasses the production and sale of fresh mushrooms, a nutritious and protein-rich alternative for vegans and those following dietary restrictions. Mushrooms are horticultural crops, grown through various stages including pre-production. This phase involves careful species selection and land preparation to ensure optimal growing conditions for these functional food sources. Mushrooms are naturally rich in essential nutrients like Selenium, Vitamin D, Glutathione, and Ergothioneine, making them a valuable addition to any diet. In the Singaporean market, catering to the growing vegan population and health-conscious consumers, the fresh mushroom sector continues to thrive, with value-added services such as soil fertility and composting playing a crucial role in maintaining high production standards.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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