The Mushroom Market Is Gaming Huge Traction Due to the Growing Consumption of Processed Mushroom Food Worldwide

Mushroom Market

 Mushrooms is a fleshy and nutritious fruit body of certain macro-fungi groups, produced above ground, on soil, or on its food source. Mushrooms are rich in the B vitamins, pantothenic acid, niacin, and riboflavin; and helps protect heart health. Riboflavin is good for red blood cells and niacin is good for maintaining healthy skin and digestive system. Mushroom can be classified into a non-edible and edible mushroom. Edible mushrooms are rich in nutrients, whereas non-edible mushroom may cause vomiting or stomach ache. The growth of the mushroom market can be attributed to the increasing consumption of processed mushroom food.

Mushrooms are widely used in processed food products, such as canned mushrooms, processed mushrooms, customized processed mushrooms, and jarred mushrooms, as they contain a high functional and nutritional value. Henceforth, the growing consumption of mushroom processed food worldwide is a major factor driving the mushroom market growth. In December 2020, Tirupati Balaji Agro planned to launch packaged mushroom products as part of a plan to create a ready-to-eat retail product category. Its plant has a daily production capacity of 11 metric tons and is considered to be the largest for mushroom processing in western India.

Moreover, mushrooms are considered good for health as they contain negligible sodium and gluten content. Mushroom contains various nutrients such as selenium, vitamin, and potassium. Mushroom-based food products are rich in protein, vitamins, and minerals. Thus, with the increasing awareness among people about the health benefits of mushroom and the shifting consumer preferences for mushroom, the demand for mushroom is also increasing. This in turn is also expected to augment the mushroom market growth. For instance, in August 2019, Highline mushroom invested around US$ 20 million in the second crossfield mushroom farm to meet the growing demand for local produce.

The mushroom market is witnessing robust growth, in the Asia Pacific, due to the increasing cultivation of mushroom and increasing awareness about the health benefits of mushroom in the region. For instance, in May 2019, Department of Agriculture (Government of Meghalaya, India) launched Meghalaya mushroom mission to scale up the production and productivity in the State from the current figure of 27 metric tons per annum to 5,000 metric tons in the next five years. The mission focus mainly on production of Oyster Mushroom, Button Mushroom and Shiitake Mushroom in the 7 districts of Meghalaya.

Mushroom require humidity and moderate temperature for growth. However, in the past few years, changing environmental conditions, such as dry weather and increasing temperature, have negatively affected the mushroom production. This in turn is expected to restrain growth of the mushroom market.

https://www.coherentmarketinsights.com/market-insight/mushroom-market-3599

Location: India

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