Mushroom Market to Reach 24.05 Million Tonnes by 2028; Growing Health Consciousness to Boost Nutritional Food Consumption and Propel Market Growth

The global mushroom market size is projected to hit 24.05 million tonnes by 2028. Fortune Business Insights^TM in its report titled, “Mushroom Market Size, Share & COVID-19 Impact Analysis, By Type (Button, Shiitake, Oyster, and Others), By Form (Fresh, Frozen, Dried, and Canned), and Regional Forecast, 2021-2028”, observes that the market size stood at 14.35 million tonnes in 2020 and 15.25 million tonnes in 2021, and is expected to exhibit a CAGR of 6.74% between 2021 and 2028. The rising health consciousness amongst the ever-increasing population is anticipated to boost nutritional food consumption, thereby boosting the market growth.

The COVID-19 pandemic has augmented health consciousness amongst consumers. In the wake of the pandemic, the consumption of nutritionally rich food products has boosted its consumption and bolstered the market growth. Furthermore, significant investments made during the pandemic by manufacturers to install hi-tech control systems and automate the production process have helped the market’s expansion.

New Wave Holdings Corp.’s Introduction of Functional Mushroom Products to Incite Development

In March 2021, New Wave Holdings Corp, under its Way of Will brand, launched the first functional mushroom products. The company launched functional mushroom powder and capsules for the U.S. market. The collection of is differentiated in five categories, adaptogen blend, energy blend, brain function blend, immunity blend, and antioxidant blend. The launch is aimed to enhance wellness and skincare for consumers.

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Increasing Health Consciousness to Fuel Nutritional Food Consumption & Foster Market Growth

The rising health consciousness amongst the globally expanding population is anticipated to boost the consumption of foods with low cholesterol and fat contents such as mushrooms. They are rich in fiber and digestive enzymes that promote immunity and gut health. They are highly in demand by the expanding vegan populace. The nutritional attributes of the product are anticipated to boost consumption and flourish the global mushroom market growth.

Key Players Adopt Mergers & Acquisitions to Boost their International Presence

The major players operating in the market emphasize mergers and acquisitions to fuel their international presence. They focus on extensive R&D activities for product innovation. They adopt several growth strategies, including product innovation, new product launches, and others to improve their revenues. For instance, in July 2020, Leap Foods launched its new mushroom blended burgers and sausages.

Key Industry Development-

• July 2020 - Leap Foods, an American innovative food company, announced to launch its new blended sausages and burgers, to help meat-reducers serve something remarkable. Both the products have high levels of vitamin D and are also gluten-free.

List of Key Market Players-

• Weikfield Foods Pvt. Ltd. (Maharashtra, India)


• BioFungi GmbH (Bavaria, Germany)


• Monaghan Mushrooms (Monaghan, Ireland)


• Highline Mushrooms (Ontario, Canada)


• Scelta Mushrooms BV (Limburg, Netherlands)


• Monterey Mushrooms, Inc. (California, U.S.)


• Nasza Chata (Czaniec, Poland)


• Banken Champignons B.V. (Wijchen, Netherlands)


• Bonduelle S.A. (Villeneuve d’Ascq, France)


• Ecolink Baltic (Varena, Lithuania)

Further Report Findings-

• Asia Pacific is estimated to acquire the largest mushroom market share during the forecast period. China is the largest edible fungus producer in the world. The increasing product consumption in India, Japan, and others, coupled with the rising adoption of modern production methods, is predicted to flourish in growth for the market.


• According to the segmentation based on type, the button segment is projected to attain the highest growth in the market.

Table of Segmentation-