Medicinal values associated with mushrooms and growth potential in untapped markets are boosting the Mushroom Market |Forecast for 2023-2027|Technavio
The Mushroom Market is likely to experience steady growth because of the medicinal values associated with mushrooms and growth potential in untapped markets. Rising at a CAGR of 6.62%, the market is estimated to have an incremental growth of USD 22.20 Bn from 2023 to 2027.
Leading brands such as Banken Champignons B.V., Basciani Foods Inc., BioFungi GmbH, BONDUELLE SA, Commercial Mushroom Producers Co. Operative Society Ltd., Drinkwater Mushrooms, Fujishukin Co. Ltd., Giorgio Fresh Co., Greenyard NV, Highline Mushrooms, Hughes Group, Lambert Spawn, etc are some of the major market participants and are contributing significantly to the market advancement of the Mushroom.
Snapshot of Mushroom Market Analysis
Technavio Analyst Quoted ~ “ Market potential in untapped zones is more likely to drive the market advancement of the Mushroom and the global mushroom market will benefit significantly from untapped markets that contribute to its growth.”
Supply chain challenges labor shortages and Risks related to diseases, abnormal temperature change, and extreme weather events are expected to hinder the growth of the market. However, Automation in mushroom harvesting and the rising adoption of vegan and vegetarian diets will have a positive impact on the mushroom market during the forecast period.
Technavio’s analysis of the Mushroom Market also includes:
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