In terms of revenue, the Global Mushroom Market is probable to reach USD 86.0 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 9.50% from 2022 to 2028.

The change in preference among consumers toward vegan food and increasing demand for meat substitutes are also projected to drive the growth of the Mushroom Market in the upcoming years. In addition, shiitake and button Mushroom Markets are rich sources of protein that make them attractive alternatives for meat among consumers which is fueling the demand for the Mushroom Market during the forecast period. The rise in consumption of Mushroom Markets in commercial sectors like restaurants, supermarkets, cafeterias, and hotels.

Key Highlights from the Report

• The button Mushroom Market sub-segment is anticipated to grow at a substantial CAGR. The button Mushroom Market is largely consumed Mushroom Market globally and includes numerous health benefits. The button Mushroom Market is commercially grown in all the prime Mushroom Market producing countries like the UK, Italy, China, Taiwan, Germany, and some other countries. Furthermore, the development in research and development on white button Mushroom Markets to find out about their ability in preventing cancer along with affordable prices is expected to increase the demand for button Mushroom Markets during the forecast period.

• The fresh Mushroom Markets sub-segment holds a substantial market share in 2021. The demand for fresh Mushroom Markets is increasing across developing economies of Asia Pacific and also in European countries owing to a rise in consumers' preference for organic food. The rising demand for fresh Mushroom Markets is globally increasing particularly in developed countries like the US, due to the increasing demand for healthy food products, in which no preservative is included. While the US is one of the largest fresh Mushroom Market producers.

• Asia Pacific is the fastest regional segment. The growth of Asia Pacific is attributed to the consumption and production of Mushroom Markets in developing countries like China, Japan, and India. Furthermore, China is the largest producer of Mushroom Markets, as per capita consumption of Mushroom Markets globally. The consumption of Mushroom Markets in developing countries of the Asia Pacific such as Japan, and India is increasing at a considerable rate owing to the increasing production along with the enlarged import of Mushroom Markets in these countries.

Market Dynamics:

The change in the taste preference among consumers toward the consumption of processed food is the other major factor expected to drive the growth of the Mushroom Market in the coming years. Furthermore, several initiatives taken by the government in developing areas, are predicted to support small-scale industries and assist the underprivileged population involved in the development process of industries which is projected to boost the Mushroom Market growth in the years to come.

Additionally, Mushroom Markets are a rich source of vitamins, proteins, antioxidants, essential oils, and other bioactive compounds which is increasing the demand for Mushroom Markets in various pharmaceutical applications. Furthermore, shiitake and button Mushroom Markets are the rich source of protein that makes them attractive alternatives for meat among consumers which is fueling the demand for the Mushroom Market during the forecast period.

Asia Pacific is the largest market. The Asia Pacific accounted for $49.90 million in the year 2021. The Asia Pacific region's growth is attributed to the adoption of modern and advanced Mushroom Markets techniques of cultivation by the Mushroom Market farmers of the Asia Pacific region is projected to fuel the demand for the Mushroom Market in upcoming years. The volumetric consumption of Mushroom Markets in the Asia Pacific region was incredible and is estimated to grow at a considerable rate during the forecast period. The demand for Mushroom Markets for medical purposes is witnessing growth and will continue to grow in the coming years.

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