Press Release-Mushroom Market to Reach Valuation of USD 86.0 Billion by 2028 - The Commercial Consumption of Mushrooms in Supermarkets, Restaurants, Hotels, and Cafeterias is Driving the Market Growth
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Mushroom Market to Reach Valuation of USD 86.0 Billion by 2028 - The Commercial Consumption of Mushrooms in Supermarkets, Restaurants, Hotels, and Cafeterias is Driving the Market Growth
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
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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Mushroom Market to Reach Valuation of USD 86.0 Billion by 2028 - The Commercial Consumption of Mushrooms in Supermarkets, Restaurants, Hotels, and Cafeterias is Driving the Market Growth
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