Global Dried Mushroom Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Dried Mushroom Market 2021 (Includes Business Impact of COVID-19)
Global Dried Mushroom Market Key Trends, Opportunities, Applications, Growth, and Market Forecast to 2028 report has been tracked by market researchers of Trusted Business Insights, and the market is expected to grow at a substantial growth rate over the 10-year forecast period. The global dried mushroom market report has been segmented on the basis of product type, packaging type, end user, distribution channel, and region.
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The global Dried Mushroom market size was valued at USD $3040.38 billion in 2020 and is projected to reach $8432.82 billion by 2030, and is anticipated to expand at a CAGR of 10.74% over the forecast period from 2020 to 2030.


Dried Mushrooms: Product Overview


Dried mushrooms are obtained by drying fresh and fleshy mushrooms. Mushrooms are an excellent source of antioxidants as it contains selenium and polyphenols. They are dried using different ways or processes such as under the sun, in an oven, or in food dehydrator in order to ensure longer product shelf life. Mushrooms are widely used in various industries such as food, nutraceuticals, cosmetics, among other end-use industries.


Dried Mushroom Market Growth Opportunities, Drivers, Threats, and Trends


Rising consumption of organic food products and increasing consumer health consciousness, coupled with rapidly spreading awareness regarding health benefits of mushrooms are some of the major factors expected to drive growth of the global dried mushrooms market. In addition, increasing demand for mushrooms owing to its properties such as natural antioxidant, high Vitamin-D content with no added preservatives, low calorie levels, cholesterol-free, high fiber content, and modest amount of minerals & vitamins including potassium, copper, zinc, vitamin B, and magnesium is a factor expected to fuel growth of the global market in the next coming years. Dried mushrooms have extended shelf-life and can be kept for longer period of time, while at home or traveling, this coupled with rising demand for dried mushrooms, especially from the fast food sector are other factors expected to support revenue growth of the target market. Moreover, increasing demand for dried mushrooms from cosmetics and nutraceuticals manufacturing companies is projected to drive growth of the target market. Rapid urbanization, changing lifestyles, increasing per capita income, and high expenditure on healthy food products are other factors expected to propel growth of the global market in years to come.

However, high cost of the products and possibility of mushrooms being a potential allergen which can lead to hazardous reactions on consumption of mushrooms are major factors that could restrain growth of the target market to a certain extent. In addition, availability of other healthy food options with similar nutritional value is another factor that could result in low adoption of mushrooms and challenge market growth.


Dried Mushroom Market: Segment Analysis


By Product Type:

Among the product type segments, the oyster mushrooms segment is expected to account for larger revenue share in terms of revenue in the global dried mushrooms market as it offers various health benefits such as cholesterol-lowering molecules, rich source of proteins with no fat content.

By Packaging Type:

Among the packaging type segments, the polyethylene bags segment is expected to grow at a considerable CAGR in the global market in the upcoming years.

By End User:

Among the end user segments, the food services segment is projected to register higher revenue growth rate. The consumers segment is also expected to register a significant CAGR in terms of revenue over the 10-year forecast period.


By Distribution Channel:


Among the distribution channel segments, the hypermarket/ supermarket segment is expected to account for highest revenue share contribution in the target market. The E-commerce segment is expected to witness significant CAGR of X.X% in the target market.

Region Analysis

The market in North America is expected to account for significant revenue share in the global dried mushroom market, due to growing demand for natural and organic food products. The Europe dried mushroom market is expected to grow at a considerable growth rate in the global market owing to rising demand for mushroom-based products. The Asia Pacific is projected to register a substantial growth rate in the global dried mushroom market in the next 10 years. This can be attributed to growing population, changing lifestyles, rapidly growing food & beverage industry, and rising awareness regarding health benefits of mushrooms among individuals in countries in the region.


Below are the active patents related to Dried Mushroom Market.


Patent Number: CN103652835B

Preparation method for mushroom powder

Abstract

A preparation method for mushroom powder comprises the following steps: (1) selecting fresh and undamaged mushrooms, cleaning, dicing into diced mushrooms, and blanching in boiling water; (2) centrifuging blanched diced mushrooms for removing moisture, putting into a beating machine to be crushed into pulp, laying on a flat-plate, cooling to the room temperature, refrigerating, and drying by using a vacuum refrigerating drying box until the water content of the mushrooms is below 4%; (3) pulverizing dried mushroom slices, and sieving with a sieve of 80 meshes to obtain the mushroom powder. The method facilitates keeping fragrance of the mushrooms, and can be used for preparing a mushroom-flavor flavoring agent.

Application filed by Date: 2013-11-26

Application granted Date: 2015-07-22

Current Assignee: Harbin Hanyang Edible Mushroom Plantation Co., Ltd.

Global Dried Mushroom Market Segmentation:

Segmentation by Product Type:

  
Oyster mushrooms
  
Shiitake mushrooms
  
Button mushrooms
  
Other mushrooms (reishi mushrooms, paddy straw mushrooms, milky mushrooms, and winter mushrooms)

Segmentation by Packaging Type:

  
Cartons
  
Polyethylene bags
  
Boxes

Segmentation by End User:

  
Consumers
  
Food services
  
Food manufacturers
  
Nutraceutical manufacturers
  
Cosmetics manufacturers

Segmentation by Distribution Channel:

  
Convenient stores
  
Hypermarkets/supermarket
  
Individual stores
  
E-Commerce


Key Market Players included in the report:


  
Agro Dutch Industries Ltd.
  
Banken Champignons,
  
Bonduelle
  
California Mushroom Farms Inc.
  
Drinkwater Mushrooms Ltd.
  
Hughes Mushroom
  
Merchant Gourmet
  
Monaghan Mushrooms
  
Monterey Mushrooms, Inc.
  
OKECHAMP S.A.
  
Sun Hing Foods, Inc.
  
The Mushroom Company.
  
Weikfield Foods Pvt. Ltd.


Below are the key development related to Dried Mushroom Market in 2020 and 2021.


May 2021: Psyched Wellness Signs Supply Agreement for Amanita Muscaria. Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (the "Company" or "Psyched") a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, is pleased to announce the Company has entered into a two year supply agreement (the "Supply Agreement") with MB MEMEL GOODS, a Lithuanian company owned and operated by principals with over fifteen years of expertise, experience and know-how in gathering, processing and distributing various wild mushrooms, including Amanita muscaria and Chaga, and wild berries. The Supply Agreement provides for an initial supply of 200kg of Amanita muscaria dried mushroom caps (the "Initial Supply"). Source

January 2021: South Mill Champs Expands Mushrooms Processing Capabilities with the Acquisition of The Mushroom Company. South Mill Champs ("SMC"), one of the largest high-quality mushroom growers in North America, has acquired The Mushroom Company based in Cambridge, MD. The Mushroom Company is one of North Americas largest mushroom processors. Over the last 90 years it has built a reputation for high-quality, innovative products and superior dedicated customer service. The Mushroom Companys product capabilities range from individually quick-frozen (IQF) to canning, blanching, blending, and roasting mushrooms and other vegetables. It primarily serves the food service and industrial markets, where its mushrooms end up on pizzas, in soups, and on various quick and casual-service restaurant menus. Source