Shiitake Mushroom Market Outlook Global Industry Size, Share, Trends, Growth Factors, and Regional Outlook To 2030
Market Overview
The Shiitake Mushroom Market has
witnessed a value of USD 986.8 million in 2020. It will register a CAGR of 6.56
% in the forecast period by 2028.
Shiitake is a type of
functional mushroom used in healthcare or pharmaceutical products. Its
application as a functional ingredient in the medical sector for producing
health supplements drives the Shiitake
Mushroom Market.
The mushrooms have a short
usability period, hampering their market sales. Besides, the cultivation of the
mushrooms needs higher functional expenses, limiting its cultivation. But the
key player's method of producing the mushroom with effective ideas and
achieving a higher sales rate and revenue value is keeping up the Shiitake
Mushroom Market Outlook growth.
The sales of this function
mushroom in general stores, cafeterias, cafés, and inns are developing the
market in the forecast period. The customer's inclination toward processed food
and meat substitutes is propelling the growth of the Shiitake Mushroom Market. The button
and shiitake mushrooms are rich in protein, which can become a perfect meat
substitute. These are key growth factors driving the market in the forecast
period. Other factors, such as the change in consumers' tastes, are the major
factors supporting the cultivation of the mushroom.
Market Segments
The Shiitake
Mushroom Market Insights is segmented into categories,
distribution channels, and product types.
The product type segment is
segregated into Button Mushrooms, Shiitake Mushrooms, Oyster Mushrooms, and
Others.
The form segment is comprised
of Fresh Mushrooms and Processed Mushrooms.
The distribution channel of
the market is further categorized into Hypermarkets & Supermarkets, Online
Sales Channel, Convenience Stores, and Specialty Stores.
The Shiitake Mushroom
Market's end-user segment comprises residential, Industrial, and Commercial.
Regional Analysis
The Shiitake Mushroom Market covers
the major regions worldwide, such as the Asia Pacific, North America, South
America, Europe, and the rest of the world.
The Asia-Pacific is ruling
the market in the forecast period due to utilizing shiitake mushroom and
cooking it in different styles. The region is highly consuming the product,
which drives the regional market. The chief developing countries such as Japan,
Australia, China, and New Zealand contribute to the market's growth.
China is the chief producer
of mushrooms. China is highly engaged in mushroom cultivation, collection,
processing, and marketing. This reason is accelerating the shiitake mushroom
market in this region. The increased consumption rate of processed mushroom
foods is driving the in the overall Asian region.
North America is considered a
rapidly developing market, and the US is the major region showing magnificent
growth.
Different types of mushrooms
are largely in Singapore. Moreover, consumers across countries, such as
Singapore, Korea, and Thailand, are more concerned about the mushrooms'
ingredients, quality, and safety due to adopting a healthier lifestyle, and
safety concerns are boosting the market.
Industry News
In June 2022, Sempera
Organics developed its organic functional mushrooms, which are certified.
Sempera Organics has come up with various types of organic functional mushrooms
from vertical farming. The company will offer mushroom ingredients through a
reduced supply chain with quick delivery to nutraceutical manufacturers. The
mushrooms included are shiitake, maitake, almond mushroom, lion's mane, chaga,
turkey tail, cordyceps, snow fungus, reishi, king oyster, and agarikon.
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