Growth and Expansion of Food and Beverage Industry Globally Will Foster the Growth of the Shiitake Mushroom Market

Shiitake mushrooms are a good source of vitamin D and vitamin B. Mushrooms provide a range of health benefits such as improving metabolism, lowering body weight, improving cardiovascular system functioning, reducing inflammation, and elevating energy levels to improve the functioning of the brain.

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Global shiitake mushroom market is expected to reach USD 2,287.21 million by 2029 from USD 1,176.22 million in 2021, growing at a substantial CAGR of 8.7% in the forecast period of 2022 to 2029. Growing awareness about the benefits of shiitake mushrooms, increasing consumption rate of food items rich in protein and high cultivation rate of mushrooms in the emerging economies are some of the major factors responsible for the growth of the market. Further, increasing personal disposable income and the rising prevalence rate of chronic health conditions will also be important market growth determinants.    

Rising health consciousness among the individuals is expected to drive the market's growth rate during the forecast period.

Growing health consciousness among the individuals, especially in the developing economies, in culmination with growing awareness about the benefits of shiitake mushrooms will bolster the market's growth. Rising consumption rate of healthy food, which is gluten-free, low-calorie, sugar-free, dairy-free, and plant-based food will further widen the scope of growth for the market.

Report Scope and Market Segmentation

Segment Analysis:

Global shiitake mushroom market is segmented into eight notable segments on the basis of the type, category, cultivation method, product type, form, packaging type, end user and distribution channel.

• On the basis of type, the global shiitake mushroom market is segmented into wild type and cultivated type. In 2022, the cultivated type segment is anticipated to dominate the global shiitake mushroom market with a market share of 95.36% due to their convenience and economical production cost to the manufacturers.

Cultivated type is anticipated to dominate the type segment of the global shiitake mushroom market in 2022

Mushroom cultivation is a common practice especially in the tropical regions. Mushroom farming or mushroom cultivation consists of six important steps, phase I composting, phase II composting, spawning, casing, pinning, and cropping. Fruiting of shiitake mushrooms continues to four to five months of span. Growing awareness among the cultivators pertaining to the various cultivation methods, tools and techniques is directly influencing the growth of the market.

• On the basis of category, the global shiitake mushroom market is segmented into organic and conventional. In 2022, organic segment is anticipated to dominate the global shiitake mushroom market with the market share of 77.58% due to their convenience and economical production cost to the manufacturers.
• On the basis of cultivation method, the global shiitake mushroom market is segmented into log cultivation and bed cultivation. In 2022, the bed cultivation segment is anticipated to dominate the global shiitake mushroom market with the market share of 78.86% due to their shorter production time and cultivation that can be done throughout the year.
• On the basis of product type, the global shiitake mushroom market is segmented into fresh and processed. In 2022, the fresh segment is anticipated to dominate the global shiitake mushroom market with a market share of 62.47% due to their convenience and wide usage across several sectors.
• On the basis of form, the global shiitake mushroom market is segmented into whole/flower and parts. In 2022, the whole/flower segment is anticipated to dominate the global shiitake mushroom market with a market share of 60.94% as a lot of manufacturers provide these products, thus are easily available in the market.
• On the basis of packaging type, the global shiitake mushroom market is segmented into canned, plastic bags, trays, and others. In the 2022, plastic bags segment is anticipated to dominate the global shiitake mushroom market with a market share of 51.23% due to the growing demand for convenient food in a small and practical packaging.
• On the basis of end-user, the global shiitake mushroom market is segmented into food service providers, household, and others. In 2022, household segment is anticipated to dominate the global shiitake mushroom market with the market share of 64.92% due to the growing awareness of consumers for various health benefits of shiitake mushrooms.

Household is anticipated to dominate the end-user segment of the global shiitake mushroom market

Household consumption of shiitake mushrooms covers the biggest market share in the global shiitake mushroom market. The end consumers in the supply chain belong to the household category. Growth of this segment is further attributed to the surging awareness about the benefits of consumption of shiitake mushrooms. The health benefits of shiitake mushrooms are improving the metabolism, lowering body weight, improving cardiovascular systems' functioning, reducing inflammation, elevating the energy levels, and improving the functioning of the brain.

• On the basis of distribution channel, the global shiitake mushroom market is segmented into store based retailer and online-based retailer. In 2022, the store-based retailer segment will dominate the shiitake mushroom market with a market share of 60.93% due to their vast spread network and their easy availability in every corner of the country.

Major Players

Data Bridge Market Research recognizes the following companies as the major remote sensing technology market players in remote sensing technology market are Banken Champignons B.V. (Netharlands), Thar Foods (India), Lianfeng (Suizhou) Food Co., Ltd. (China) and Fujishukin CO., LTD (Japan)..

Market Development -

• In December 2020, Eat the Change, a plant-based start-up, launched organic mushroom jerky, made from organic shiitake mushrooms. The product were made available in retail stores from January 2021. Eat the Change Organic Mushroom Jerky comes in five flavors: Sea Salt + Cracked Pepper, Hickory Smokehouse, Maple Mustard, Habanero BBQ, and Teriyaki Ginger. It's a delicious, gratifying snack for people who want to try new flavors while living a plant-based lifestyle. The jerky will be available in over 300 stores in 37 states beginning this week, including Giant, Stop & Shop, Fresh Market, MOM's Organic Market, Erewhon, PCC, Whole Foods, and Eat the Change's direct-to-consumer website.
• In August 2019, five-year deal was set up to supply mushrooms for ALDI by the growers of Evesham. Walsh Mushrooms Group in August 2019, expanded to supply its mushrooms to ALDI.

Regional Analysis

Geographically, the countries covered in the shiitake mushroom market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in remote sensing technology market during the forecast period 2022 - 2029

Asia-Pacific will continue to dominate the shiitake mushroom market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period due to the growing production as well as import and export from Asian countries. China in the Asia-Pacific region is growing at the highest growth rate due to the high consumption of processed food, emerging opportunities in vegetarian food segment and rising personal disposable income.

North America is estimated to be the fastest-growing region in remote sensing technology market the forecast period 2022 - 2029

North America region is anticipated to grow at the highest rate during the forecast period of 2022-2029 due to the growing demand for convenient food in small and practical packaging. Rising awareness about the benefits of mushrooms is yet again another market growth determinant for this region.

COVID-19 Impact Analysis

The COVID-19 outbreak has had an unfavorable impact on the market. Travel restrictions across the globe have adversely impacted the supply chain and logistics. Lockdown and movement restrictions all across the globe have impacted the storage, warehousing, and transportation functions as well. The Shiitake Mushroom Market share has experienced item supply delays because of this vulnerability. Besides, ascend in the pattern of veganism and COVID-19 is relied upon to positively affect the development of the market for mushrooms before very long, inferable from the way that mushrooms, for example, Shiitake, Maitake, and Reishi, contain therapeutic properties. These mushrooms go about as resistance promoters. 

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