What is Edible Fungus - Global Market?
The Edible Fungus - Global Market is a fascinating and diverse sector that encompasses a wide range of products. Edible fungi, also known as mushrooms, are a type of fungus that is safe to eat. They are used in various cuisines worldwide due to their unique flavor and high nutritional value. The global market for edible fungi is vast and varied, with numerous types of mushrooms being cultivated and sold. The market was valued at a whopping US$ 59120 million in 2022 and is expected to grow at a steady pace, reaching an estimated value of US$ 78050 million by 2029. This represents a compound annual growth rate (CAGR) of 4.0% during the forecast period from 2023 to 2029. Despite the market's vastness, the top five global manufacturers only hold about 1% of the market share, indicating a highly fragmented and competitive market landscape.
Shiitake, Auricularia Auricula-judae, Pleurotus Ostreatus, Enokitake, Agaricus Bisporus, Others in the Edible Fungus - Global Market:
In terms of product types, the Edible Fungus - Global Market includes a variety of mushrooms such as Shiitake, Auricularia Auricula-judae, Pleurotus Ostreatus, Enokitake, Agaricus Bisporus, and others. Shiitake mushrooms are the largest segment in the market, accounting for over 20% of the total market share. These mushrooms are native to East Asia and are known for their rich, savory taste and diverse health benefits. Auricularia Auricula-judae, also known as the wood ear mushroom, is another popular type of edible fungus. It is often used in Asian cuisines for its unique texture and ability to absorb flavors. Pleurotus Ostreatus, or oyster mushrooms, are another significant segment. They are widely cultivated for their delicate flavor and versatility in cooking. Enokitake, also known as enoki mushrooms, are small, white mushrooms known for their mild flavor and crunchy texture. Agaricus Bisporus, which includes white button mushrooms and portobello mushrooms, is another key segment in the market. These mushrooms are widely consumed due to their availability and mild flavor. Other types of edible fungi also make up a significant portion of the market.
Fresh Mushrooms, Dried Mushrooms, Canned Mushrooms, Frozen Mushrooms, Others in the Edible Fungus - Global Market:
The Edible Fungus - Global Market finds its usage in various forms such as Fresh Mushrooms, Dried Mushrooms, Canned Mushrooms, Frozen Mushrooms, and others. Fresh mushrooms are the most common form of edible fungi consumed. They are used in a variety of dishes, from salads to stir-fries, and are valued for their fresh taste and texture. Dried mushrooms are another popular form. They are often used in soups and stews for their concentrated flavor. Canned mushrooms offer convenience and a longer shelf life, making them a popular choice for many consumers. Frozen mushrooms are also available in the market, providing an option for those who want to store mushrooms for a longer period. Other forms of edible fungi, such as mushroom powder and mushroom extracts, are also gaining popularity for their versatility and ease of use.
Edible Fungus - Global Market Outlook:
To rephrase the market outlook, the global market for edible fungi is a thriving and dynamic sector. As of 2022, the market's worth was US$ 59120 million, and it is projected to grow to US$ 78050 million by 2029. This growth trajectory represents a CAGR of 4.0% from 2023 to 2029. Despite the size of the market, the top five manufacturers globally only account for about 1% of the market share, indicating a highly competitive market with many players. In terms of product types, Shiitake mushrooms are the most significant segment, making up over 20% of the market.
| Report Metric | Details |
| Report Name | Edible Fungus - Market |
| Forecasted market size in 2029 | US$ 78050 million |
| CAGR | 4.0% |
| Forecasted years | 2023 - 2029 |
| Global Edible Fungus market, by region: |
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| Global Edible Fungus market, Segment by Type: |
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| Global Edible Fungus market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
