North America Edible Mushroom Market

North America Edible Mushroom Market Size (2024 to 2029)

The edible mushroom market size in North America is expected to be worth 13.13 Billion in 2024 to grow at a CAGR of 9.48% from 2024 to 2029, to achieve USD 20.65 billion by 2029.

MARKET OVERVIEW

The edible mushroom market in North America is showcasing evident potential and is anticipated to perform well during the forecast period.

Owing to the growing momentum and rapid development in the food industry. Edible mushrooms are soft, fleshy, and fruity fungi and are generally grouped as vegetables. Edible Mushrooms are one of the most popular foods across the world because of the variety they offer. Edible Mushrooms are rich in many nutrients, mainly proteins. They are a vital ingredient in the dishes of many countries. Edible mushrooms are one of the most popular horticultural crops in the United States today. These are foods without fat or cholesterol, low in sodium, and rich in essential nutrients and antioxidants.

Rapidly changing culinary practices around the area and growing demand from health-conscious customers for fat-free and cholesterol-free products contribute to the growth of the edible mushroom market in North America. Improvements in mushroom production and harvesting technologies have resulted in better yields, and advances in packaging and transportation have resulted in increased quality of production and distribution around the locale. The major drivers for the growth of the mushroom market are the growing consumption of processed food and increasing awareness regarding health. Moreover, the R&D sector is keen on enhancing the applicability of edible mushrooms and increasing their life span.

The increasing evolution of culinary practices in communities towards fat-free and cholesterol-free foods is one of the main drivers of the North American edible mushroom market.

The growing awareness among communities of the health benefits associated with consuming edible mushrooms is also contributing to the growth of the local edible mushroom market. According to research published by the National Cancer Institute, the antioxidant content of mushrooms has the potential to prevent lung, prostate, breast, and other cancers. The increasing change in the eating habits of communities towards a healthy diet to overcome an unhealthy lifestyle in urban areas contributes to the increase in the consumption of edible mushrooms. Additionally, the increasing adoption of Western cuisine among communities in developing countries contributes to the growth of edible mushrooms and is likely to boost its sales over the calculated period. However, the high volatility of the prices of the raw materials necessary for the production of edible mushrooms and the increase in the wages of agricultural labour are important factors that are supposed to hinder the growth of production and sales of edible mushrooms in North America during the forecast period. However, as of now, the short shelf life of edible mushrooms poses a factor that hampers the growth of the market.

This research report on the North American edible mushroom market has been segmented and sub-segmented into the following categories.

North America Edible Mushroom Market By Type

• Button
• Shiitake
• Oyster

North America Edible Mushroom Market By Application

• Fresh Mushrooms
• Processed Mushrooms
  • Dried
  • Frozen
  • Canned

North America Edible Mushroom Market By Country

• The United States
• Canada
• Mexico
• Rest of North America

North America dominates the global edible mushroom market due to the high presence of production units and the increasing penetration of edible mushrooms as a main ingredient in your kitchen. According to the Pennsylvania Agricultural Development Council, Chester County's 61 farms accounted for 47% of the total mushroom production in the United States. Currently, more than 850 million pounds of mushrooms are produced in this nation. Shiitake and oyster mushrooms are two of the main specialty mushrooms grown in the United States. The rising cost of raw materials needed to produce raw materials and the depletion of labor resources are important factors contributing to the downward trend in edible mushroom production in the region. The above factors, driven by the United States, depend on imports of edible mushrooms from countries such as India and China.

KEY MARKET PLAYERS

Costa Group, Okechamp S.A., Monterey Mushrooms Inc., Monaghan Mushrooms, Drinkwater’s Mushroom Ltd., The Mushroom Company, Shanghai Finc Bio-Tech Inc., CMP Mushrooms Greenyard NV (Lutèce), Bonduelle SA are some major players dominating the North America edible mushroom market. Costa Group had the largest share of the North American edible Mushroom Market in terms of sales and revenue in 2020.

RECENT HAPPENINGS IN THE MARKET

• Yield Growth Corp. is pleased to announce that its subsidiary 100% Flourish Mushroom Labs Inc. has completed the acquisition of a catalog of mushroom formulas as a base for an edible mushroom business. The formulas and knowledge gained relate to formulations that can be used to create packaged ready-to-eat food products or packaged food products that can be mixed with varieties of mushrooms of the consumer's choice. 
• In March 2018, Highline Mushrooms, one of the leading mushroom companies in Canada, completed the purchase of Prairie Mushrooms, a renowned producer and exporter of mushrooms within the same country.
• In August 2019, Highline Mushrooms announced a USD 20 million investment in the creation of a second crossfield mushroom farm.