The Asia Pacific Mushroom Market would witness market growth of 13.32% CAGR during the forecast period (2020-2026). Mushrooms are basically a type of fungi having fruiting bodies that are big enough to see and touch.
During the growing phase of mushroom, it decomposes the organic components & takes nutrients from it that is termed as parasitic mode of nutrition. Mushrooms are the rich source of protein and many important amino acids. Mushrooms also contain high fibre, many major vitamins and low cholesterol.
The wastes from animal and bio-based industries are ideal options used in the farming of mushroom. In comparison to green plants, mushrooms have a totally different life cycle because they are fungus. Mushroom cultivation requires minimal usage of land as compared to other farming as they can grow in polytunnels, lawns & woodlands. This further motivates cultivators to effectively use their lands for mushroom farming, thereby propelling the growth of the mushroom market.
The growth of the market would be augmented by the increasing commercial consumption of mushroom in cafeterias, supermarkets, restaurants, & hotels. Some other factors which are pushing the growth graph of market are the changing preferences of customers towards adopting vegan food and the rising demand for meat substitute in the market. Increasing vegan culture is creating demand for meat substitutes, as a result button & shiitake mushrooms are gaining popularity due to their high protein content. Moreover, the changing consumer preference for consuming processed food is among the major aspects that would fuel the market in the future years. However, the short shelf life of mushrooms would hamper the growth of the market over the forecast period. Along with that, the labour-intensive technique of mushroom farming & the high operational cost associated with it will hinder the growth of the market during the forecast period.
The Shiitake market dominated the South Korea Mushroom Market By Type 2019, thereby, achieving a market value of $1,077.8 million by 2026, growing at a CAGR of 12 % during the forecast period. The Oyster market is showcasing highest CAGR of 12.3% during (2020 - 2026).
Based on Type, the market is segmented into Oyster, Shiitake, Button and Other Types. Based on Form, the market is segmented into Fresh Mushroom and Processed Mushroom. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores and Online. Based on End User, the market is segmented into Residential, Industrial and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Mushroom Market in Asia Pacific is expected to register a CAGR of 13.32% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bonduelle S.A., Costa Group Holdings Limited, Monterey Mushrooms, Inc., Okechamp SA, Shanghai Fengke Biological Technology Co., Ltd., South Mill Mushrooms Sales, Inc. (The Mushroom Company), Basciani Foods, Inc., NABIA (Next Agricultural Business Incorporated Australia), Greenyard NV, and Giorgio Fresh Co. (Giorgio Mushroom Co.)
By Type
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