Mushroom Market Summary

The global mushroom market size was valued at USD 50.3 billion in 2021 and is projected to grow significantly, reaching USD 115.8 billion by 2030. This represents a robust compound annual growth rate (CAGR) of 9.7% from 2022 to 2030. A primary factor contributing to this growth is the rising global vegan population, which is increasingly seeking protein-rich diets. Mushrooms have emerged as a preferred alternative due to their nutritional profile and meat-like texture, making them ideal for plant-based dietary patterns.

Mushrooms are regarded as a superfood because they are rich in essential nutrients. They are loaded with selenium, vitamin D, glutathione, and ergothioneine—four vital nutrients known for their ability to combat oxidative stress. These nutrients are instrumental in lowering the risk of chronic diseases including cancer, cardiovascular diseases, and dementia. Furthermore, mushrooms provide a robust natural umami flavor, which enables consumers to reduce salt content in their meals by 30-40%, further enhancing their overall health profile.

Key Market Trends & Insights

• Among the various types of mushrooms, the button mushroom segment held the largest volume share of 61.8% in 2021 and is anticipated to grow at a revenue-based CAGR of 8.9% during the forecast period. Their widespread cultivation is due to several advantages, including their high nutritional value and a relatively short incubation period for spores, which makes production faster and more efficient.
• In terms of product form, the fresh mushroom segment dominated the global market, contributing a significant 89.5% to the total revenue in 2021. The surge in consumer preference for organic and unprocessed food items has been a major factor driving the demand for fresh mushrooms. Consumers are more conscious of food quality and nutrition, leading to increased consumption of mushrooms in their natural, fresh form.
• Supermarkets and hypermarkets accounted for the highest distribution share at 38.3% in 2021. These retail formats are particularly dominant in developed markets such as Europe and North America, where organized retail infrastructure is highly developed. Their expansive reach and consumer accessibility make them a major distribution channel for mushroom products.
• The food application segment led the market with a commanding revenue share of 86.8% in 2021. This includes both household consumption and food service usage of mushrooms in fresh and processed forms. Mushrooms are appreciated for being low in fat and cholesterol, while also having minimal sodium and gluten content. Additionally, they are a rich source of vitamins, minerals, proteins, and selenium, making them a preferred food choice for health-conscious consumers.
• Regionally, the Asia Pacific held the leading position in the global mushroom market, accounting for over 78.6% of total revenue in 2021. Major contributors to this dominance include China, Japan, Malaysia, India, and Australia. China, in particular, emerged as the largest producer with a notable per capita annual mushroom consumption of up to 10 kg.
• Traditional medicine practices like Ayurveda in India and Traditional Chinese Medicine in China have long utilized various mushroom species for their therapeutic benefits, further fueling their demand in the region.
• Europe also plays a crucial role as a key consumer of mushrooms and largely depends on imports to meet its demand. The region’s affluent markets present a growing opportunity for exotic and gourmet mushroom varieties. In 2019 alone, mushroom imports in Europe were valued at around USD 183 million, underscoring its importance as an import-driven market.
• North America is another significant regional market due to the strong presence of health-conscious consumers, particularly in countries like the U.S. and Canada. The demand for premium, organically cultivated mushroom products continues to grow, with consumers willing to spend more on high-quality, natural food items.

Order a free sample PDF of the Mushroom Market Intelligence Study, published by Grand View Research.

Market Size & Forecast

• 2021 Market Size: USD 50.3 Billion
• 2030 Projected Market Size: USD 115.8 Billion
• CAGR (2022-2030): 9.7%
• Asia Pacific: Largest market in 2021

Key Companies & Market Share Insights

Key players operating in developed regions increasingly emphasize sustainable production to attract an environment-conscious customer base and improve brand position. For instance, Monaghan Mushrooms aims to transit towards reusable and recyclable packaging by 2025 to bring sustainability to business operations. Thus, sustainability in business operations ranging from compost preparation and cultivation to packaging is likely to emerge as a key factor in the market in the coming years.

Key Players

• Bonduelle Group
• Costa Group
• CMP Mushroom
• Drinkwater Mushrooms
• Greenyard
• Monaghan Group
• Monterey Mushroom, Inc
• OKECHAMP S.A
• Shanghai Fengke Biological Technology Co., Ltd
• The Mushroom Company

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global mushroom market is witnessing substantial growth, driven by rising health awareness, dietary shifts toward veganism, and an increasing preference for organic and nutrient-rich food options. With Asia Pacific dominating production and consumption, supported by traditional medicinal use, and developed regions like Europe and North America embracing premium and exotic varieties, the market outlook remains robust. Retail advancements and diverse applications in food and healthcare are further strengthening demand. As consumers continue to prioritize wellness and sustainability, mushrooms are positioned to become a staple in global diets, supporting the market’s accelerated expansion through 2030 and beyond.