Button Mushrooms Market

Global Button Mushroom Market Size (2024 to 2029)

Global Button Mushroom Market size is expected to be at USD 20.16 billion in 2024 to reach to an extent of USD 29.08 billion by 2029, with a CAGR of about 7.60% throughout the foreseen period (2024-2029)

Mushrooms are edible food products that are rich in riboflavin, potassium, vitamin D, selenium, and other ingredients that are beneficial to human health. The results of preclinical and clinical studies on the consumption of edible mushrooms suggest that their consumption can promote healthy immunity, weight control, and improvement of general health. Additionally, consuming mushrooms can potentially reduce the risk of diseases, such as prostate cancer and breast cancer. Button mushroom also called a common mushroom or Agaricus bisporus, is a widely cultivated and consumed mushroom in the world. The product is increasingly recognized and is becoming a crucial part of the diet not only in developed markets but also in developing markets. With the expansion of the global mushroom industry, the commercial production and distribution of button mushrooms has improved significantly. A positive business scenario for mushrooms, coupled with the start of cultivation of several varieties of mushrooms in major mushroom producing regions, which is expected to drive the global mushroom market growth in the coming years.

Current Scenario of the Button Mushroom Market  

Button mushrooms, also called a common mushroom or Agaricus bisporus, are widely cultivated and consumed worldwide. The product is increasingly recognized and is becoming a crucial part of the diet not only in developed markets but also in developing markets. With the expansion of the global mushroom industry, the commercial production and distribution of button mushrooms have improved significantly. A favorable business scenario for mushrooms, coupled with the cultivation of several varieties of mushrooms in major mushroom-producing regions, is expected to positively impact the global button mushroom market growth in the coming years. Over the years, the button mushroom market has accounted for steady growth and is anticipated to have a significant growth rate during the forecast period. The increased awareness among consumers regarding button mushrooms' healthy diet and medicinal benefits will augment the market share globally.  

MARKET DRIVERS 

The growing demand for foods low in fat and cholesterol and rich in nutrients such as selenium, potassium, vitamins, and other micronutrients is expected to intensify the growth of the Global Button Mushrooms Market. The rapid expansion of the food and beverages industry is driving the demand for mushrooms in hotels, restaurants, and at home, which contributes to the significant market share of the button mushroom market. The increasing adoption of mushrooms as a meat substitute and a growing number of vegan populations are expected to drive market growth in the coming years. The growing demand for processed mushrooms, especially in Western countries, creates export opportunities for major mushroom-producing countries. Governments in several countries are investing in producing high-quality varieties of mushrooms that are safe for human consumption but can also be exported to other countries, generating income. Adopting the advanced pest control system to control the damage caused by pest infection in fungi can lead to higher mushroom yields, which will ultimately help the growth of the Button Mushrooms Market. The increasing awareness among consumers regarding the health benefits of mushrooms, as they are good sources of vitamins, minerals, and antioxidants, is escalating the demand for button mushrooms, leading to market growth.  

The growing technological advancements in the agricultural industry will positively impact market expansion due to the adoption of advanced cultivation techniques, resulting in high-quality yields. Rising R&D activities due to manufacturers' rising investments in enhancing the yield and quality of mushrooms with cost-effective methods will accelerate the market growth opportunities.  

MARKET RESTRAINTS

The primary factor restraining the market expansion is the high costs associated with the production of button mushrooms, which restricts access to various farmers for cultivation and increases the overall price of the fresh mushrooms, where all these factors limit the adoption of button mushrooms among consumers. The limited shelf-life and high risk of contamination, which causes ill health, are expected to hamper the expansion of the global market size. Some of the consumers experience anxiety, indigestion, hallucination, and dizziness by excessive consumption of button mushrooms, which hinders the market growth rate. The presence of stringent regulations regarding mushroom consumption and approval of its products will require more work for the manufacturers during market revenue expansion. The high susceptibility to pests and diseases during cultivation and climatic changes challenge the producers.  

REPORT COVERAGE

SEGMENTAL ANALYSIS  

Global Button mushroom Market Analysis By Type

mushroom that is widely consumed around the world and has the potential to offer a number of health benefits. The demand for Shiitake mushrooms is expected to increase in the coming years, as Shiitake consumption in Southeast Asian and European countries is increasing at a decent rate.

Global Button mushroom Market Analysis By Form

The fresh mushrooms segment dominated the global market revenue with significant market share due to its high demand in culinary and usage in diverse recipes. Fresh mushrooms offer a crisp texture and natural flavor due to their high water content, which makes them ideal for salads and other dishes, which augments the market growth rate. The demand for fresh mushrooms is massively increasing across the globe, especially in the United States and other developed countries, because of the growing call for healthier food products in which no preservatives are added. The United States is one of the largest producers of fresh mushrooms. In countries like South Korea, India, and others, where certain varieties of mushrooms, such as Button Mushrooms, are abundant, the cost of fresh mushrooms is comparatively less. The low price of fresh mushrooms compared to some forms of processed mushrooms can boost fresh mushroom sales in various regions.  

The processed segment is estimated to have moderate growth in the coming years due to the various benefits it provides to consumers. Canned mushrooms represent convenient and shelf-stable options for consumers in the market. Dried mushrooms are gaining traction as they remove the water content while intensifying flavors, resulting in a long shelf life. These benefits of processed mushrooms are propelling the market growth rate.  

Global Button mushroom Market Analysis By Application

The food and culinary services segment held the dominant share in the global market revenue due to the massive consumption of mushrooms in various regions like Asia Pacific and North America. Consumers are aware of the mushroom's various health benefits, which greatly enhance the consumption rate and lead to segment growth. Due to their unique taste and health benefits, the increasing demand for button mushrooms in restaurants and homes is fueling the segment's revenue expansion.  

The health and nutraceuticals segment is estimated to have prominent growth in the coming years due to rising demand for button mushrooms for their medicinal benefits. Button mushrooms offer several nutritional benefits, including a good source of vitamins, minerals, and antioxidants, which is raising the demand for them in the nutraceutical industry.   

REGIONAL ANALYSIS

The consumption of mushroom is higher in China compared to other areas in the Asia Pacific, which is also the largest producer of mushrooms in the world. The consumption of Button Mushrooms in Asian countries such as Japan, India and others is increasing at a significant rate attributed to the increased production and increased imports of mushrooms in these countries. The adoption of advanced and modern mushroom cultivation techniques by mushroom growers in the region is expected to fuel the region's Button Mushrooms for years to come. Volumetric consumption of Button Mushrooms in the Asia Pacific region was 10.25 million tonnes in 2018 and is likely to grow at a rapid rate during the foreseen years. Mushroom production and consumption in Europe is increasing rapidly due to the rising need for nutrient-rich foods in the region.

In countries such as the UK, the Netherlands, Germany, Spain, and others, the demand for Button Mushrooms for medical use is growing decently and the trend is expected to continue for the next few years. The use of advanced mushroom processing techniques by mushroom growers and distributors in Europe is supposed to contribute to the growth of processed mushroom sales in the region. Button Mushrooms market trends in North America, especially the United States, are developing dramatically due to increased demand for the product attributed to the abundance of health benefits mushrooms provide. The United States is one of the largest Button Mushrooms producers in the world. Major players in the North American market are adopting advanced farming technology as well as M&A activities to increase their production capacity and maintain their dominant position in the regional market.

The consumption of mushrooms is higher in China than in other areas in the Asia Pacific, which is also the largest producer of mushrooms in the world. The consumption of Button Mushrooms in Asian countries such as Japan, India, and others is increasing significantly, which is attributed to the increased production and imports of mushrooms in these countries. Adopting advanced and modern mushroom cultivation techniques by mushroom growers in the region is expected to fuel the regional market growth. The rising disposable incomes of consumers and growing health consciousness among consumers regarding the health benefits of nutritional food are augmenting the market revenue of the Asia Pacific region in button mushrooms. The high population pool in countries like China and India and the importance of button mushrooms for culinary and medicinal applications propel the market share growth.  

European region held a significant share in the button mushroom market revenue due to its broad adoption for medicinal benefits. Mushroom production and consumption in Europe are increasing rapidly due to the region's rising need for nutrient-rich foods. In countries such as the UK, the Netherlands, Germany, Spain, and others, the demand for Button Mushrooms for medical use is growing decently, and the trend is expected to continue in the coming years. The use of advanced mushroom processing techniques by mushroom growers and distributors in Europe is supposed to contribute to the growth of processed mushroom sales in the region.  

Button Mushroom market trends in North America, especially the United States, are developing dramatically due to increased demand for the product, attributed to mushrooms' abundance of health benefits. The United States is one of the largest Button Mushroom producers in the world. Major players in the North American market are adopting advanced farming technology and M&A activities to increase their production capacity and maintain their steady position in the regional market. 

KEY PLAYERS IN BUTTON MUSHROOM MARKET

Key Players In Button Mushroom Market are Shanghai Finc Bio-Tech Inc, Bonduelle Fresh Europe, Oke champ S.A, Lutece Holdings B.V., Monterey Button Mushrooms Inc, Monaghan Button Mushrooms Ireland, Drinkwater’s Button Mushrooms Limited, Costa Pvt Ltd.

RECENT DEVELOPMENTS IN THE BUTTON MUSHROOM MARKET INDUSTRY:

• Highline Mushrooms, one of Canada's leading mushroom companies, purchased Prairie Mushrooms, the largest coast-to-coast mushroom grower in Canada.

• Highline Mushrooms announced a $ 20 million investment to establish a second crossfield mushroom farm. The new farm is expected to be built alongside Highline's existing Crossfield plant.

• Sylvan Inc., the world's largest producer of spawning mushrooms, announced its intention to sign a partnership agreement with Yuguan China. The agreement was intended to provide market expansion opportunities for both companies in the coming years.

• In November 2023, after thoroughly reviewing its business model, Monterey Mushrooms closed its mushroom-growing facilities in Princeton, Illinois, and Orlando, Florida. The closures are part of a repositioning strategy, with production shifting to other farms in the company network. 

• In February 2023, Windmill Farms announced its acquisition with Ostrom Mushroom Farms LLC. With this acquisition, Windmill Farms has expanded into the Pacific Northwest and can provide consumers with high-quality mushrooms all year.  

• In November 2022, Monaghan Mushrooms Inc. was spotlighted on RTE One's series "Home Grown," which celebrates Irish horticulture and underscores the significance of mushrooms as Ireland's top horticultural export.  

• In May 2022, Meati, a start-up that makes whole-cut meat substitutes from mushroom roots, released its first steak fillet product. Meati's steak fillet is created from mycelium, the vegetative portion of fungus that consists of thread-like strands.  

• In May 2022, Upexi, a division of Grove Inc. and a leading producer in the mushroom market, launched a medicinal mushroom product line that is available directly to consumers. The company also sells mushroom extracts in the United States.  

• Highline Mushrooms, one of Canada's leading mushroom companies, purchased Prairie Mushrooms, Canada's largest coast-to-coast mushroom grower. 

• Highline Mushrooms announced a $20 million investment to establish a second crossfield mushroom farm. The new farm is expected to be built alongside Highline's existing crossfield plant. 

• Sylvan Inc., the world's largest producer of spawning mushrooms, announced its intention to sign a partnership agreement with Yuguan China. The agreement was intended to provide market expansion opportunities for both companies in the coming years. 

DETAILED SEGMENTATION OF BUTTON MUSHROOM MARKET INCLUDED IN THIS REPORT    

This research report on the global Button Mushroom Market has been segmented and sub-segmented based on form, Application & region.          

By Form 

• Fresh  
• Processed 

By Application

• Fresh
• Processed

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• MIddle East and Africa