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Mushroom Market Projected To Grow With A CAGR Of 7.9% By Value From 2018 To 2026

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

The global mushroom market accounted for US$ 38.13 Bn in 2017 growing with a CAGR of 7.9% during the forecast period from 2018 to 2026. Mushrooms are basically low-sodium foods, fat and cholesterol free and are rich in nutrients such as vitamin, potassium and selenium and also contains antioxidants. These are alternative food for flexitarians and vegetarians that satisfy the needs of health conscious consumers. The quality of mushroom depends on its aroma, taste and absence of poisonous content. The method of producing mushrooms is completely different compared to the other vegetables as mushroom largely depend on other plant materials for food since they do not have chlorophyll in them. The life span of mushrooms is very limited as their lifespan ranges between one to thirty days.

Rising consumption of processed food items, rising consumer awareness regarding the health benefits offered by mushrooms, and improvement in packaging technologies are some of the key factors influencing the growth of the mushroom market at present. Presence of minerals such as selenium and antioxidants aids in combating cancer by detoxifying cancer-triggering compounds in the body and also plays a vital role in liver enzyme function. In addition, it also prevents inflammation and reduces tumor growth in the body. Moreover, it also contributes to cardiovascular health as it contains fiber, Vitamin C and potassium. Also, consumption of mushrooms reduces the chances of high blood pressure and cardiovascular diseases since mushrooms are low in sodium content and are high in potassium. Government in developing countries are also focusing on taking several initiatives to assist the various small scale industries with an objective to benefit the underprivileged labor force involved in the cultivation and production process. Growing commercial mushroom consumption in supermarkets, restaurants, hotels and cafeterias is also expected to propel the market demand during the forecast period from 2018 to 2026.Increasing demand for meat substitutes followed by growing consumer preference towards vegan food are other factors that are expected to augment the market demand for global mushroom market. However, short shelf life of mushrooms is restraining the growth of the market in the near future. In addition, mushroom cultivation requires high operational costs and is heavily labor intensive. This factor is also expected to hamper the market growth. Biotechnology laboratories play an important role in the mushroom breeding process owing to the fact that they help to improve the cultivation environment required for better mushroom production. Such technological advancements serve as growth opportunity for the players operating in the global mushrooms market.

The global mushroom market has been segmented by product type, form, distribution channel and geography. In 2017, button mushroom segment dominated the global mushroom market by product type. The growth is mainly attributed to the high nutritional benefits followed by increasing applications in soups, casseroles, and salads. In terms of form, fresh mushrooms segment held the largest revenue in 2017 owing to wide availability of mushroom bags in the form of mushroom growing kits in hypermarkets and supermarkets. By distribution channel, hypermarkets and supermarkets is the most prominent segment in the global mushroom market that is expected to maintain its dominance during the forecast period. Rising number of hypermarkets and supermarkets in developing countries followed by key marketing strategies adopted by the manufacturers in the innovative placement and packaging of mushroom products are the primary factors responsible for the growth of this segment during the forecast period from 2018 to 2026.  In terms of geography, Europe is the key market and held the largest market revenue share in the global mushroom market. High demand of fresh and canned mushrooms in Spain, Netherlands, France and Germany is expected to trigger the market growth in Europe region. In addition, technologically advanced production facilities followed by low production cost in Poland has facilitated the mushroom growers to export mushroom products to non-European countries which in turn is expected to bolster the market growth during the forecast period.

Key market players in the global mushroom market include Costa Pty Ltd., Monterey Mushrooms Inc., Bonduelle Fresh Europe, Drinkwater’s Mushrooms Limited, The Mushroom Company, Monaghan Mushrooms Ireland, Okechamp S.A. and Lutece Holdings B.V. among others.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Mushroom contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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