Mushroom Market Size, Share, and Growth Forecast, 2032

The global mushroom market size reached 17.25 million tonnes in 2023 and is projected to increase from 18.39 million tonnes in 2024 to 32.04 million tonnes by 2032. This represents a compound annual growth rate (CAGR) of 7.18% between 2024 and 2032. In 2023, the Asia Pacific region dominated the market, capturing a 79.83% share of global consumption. Meanwhile, the U.S. mushroom market is poised for substantial expansion, expected to reach 1.22 million tonnes by 2032. This growth is being supported by rising domestic investments in modern farming techniques and a surge in mergers and acquisitions by global firms seeking to establish a stronger presence in the country.

Though mushrooms are typically grouped with vegetables in culinary contexts, they are edible fungi and do not belong to the plant kingdom. They are rich in essential nutrients, including riboflavin, potassium, vitamin D, selenium, and others. Clinical and preclinical evidence suggests mushrooms promote immune function, assist with weight management, and support general health. Regular consumption has also been associated with a reduced risk of certain cancers, such as breast and prostate cancer, contributing to rising consumer interest and market demand.

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Market Segmentation

The mushroom market is categorized by type into button, shiitake, oyster, and other mushrooms. By form, the market is segmented into fresh, canned, frozen, and dried products. Geographically, the market spans North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Highlights

• Analysis of current market trends and their effects on growth

• Identification of primary growth drivers and constraints

• Review of COVID-19’s impact on the mushroom industry

• Strategic insights to guide market expansion

• Overview of recent innovations in the sector

Drivers and Challenges

Health-Conscious Consumers Fueling Demand

A global increase in health awareness has led to greater demand for foods low in fat and cholesterol, positioning mushrooms as a popular choice. Their widespread use in household kitchens, foodservice outlets, and institutional dining is supported by their fiber content and natural compounds that support digestion and immune health. These characteristics are expected to sustain strong market momentum.

Innovations in mushroom cultivation, particularly through research and development, are opening up new growth opportunities. Interest in exotic mushroom varieties and the globalization of mushroom trade are also emerging as major market drivers.

Because mushroom cultivation is labor-intensive—labor costs represent about one-third of total production expenses—many growers are investing in automation, robotics, and smart farming systems to increase efficiency. Adoption of these technologies is expected to play a significant role in scaling operations and expanding the market.

However, high production costs may hinder widespread market adoption and present a challenge to long-term growth.

Regional Outlook

Asia Pacific to Lead the Global Market

The Asia Pacific region is set to maintain its leadership position, with China continuing as the world’s top producer. Rising mushroom consumption in India, Japan, and other regional markets—supported by improved cultivation practices—is expected to reinforce growth.

In Europe, steady growth is expected, driven by a growing interest in medicinal mushroom varieties in countries such as the UK, Spain, and the Netherlands. The adoption of modern farming practices and automation technologies will likely support further development.

North America is projected to experience consistent growth, supported by technological advances in cultivation and favorable regulatory support.

South America is also expected to witness substantial expansion, fueled by increasing demand for processed food products and rising consumer interest in plant-based nutrition.

Competitive Landscape

Strategic Mergers and Acquisitions Drive Global Expansion

Top players in the mushroom industry are leveraging mergers, acquisitions, and partnerships to strengthen their global presence. Continued investment in R&D is also central to developing new mushroom-based products and enhancing existing offerings.

Key Market Players Include:

• Weikfield Foods Pvt. Ltd. (India)

• BioFungi GmbH (Germany)

• Monaghan Mushrooms (Ireland)

• Highline Mushrooms (Canada)

• Scelta Mushrooms BV (Netherlands)

• Monterey Mushrooms, Inc. (United States)

• Nasza Chata (Poland)

• Banken Champignons B.V. (Netherlands)

• Bonduelle S.A. (France)

• Ecolink Baltic (Lithuania)

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Recent Industry Developments

• March 2021: New Wave Holdings Corp., a nutraceutical investment firm, introduced its first line of functional mushroom products under the Way of Will brand. This range, including powders and capsules, was launched in the U.S. market.

• July 2020: Leap Foods unveiled a new series of mushroom-based burgers and sausages, highlighting ongoing innovation in meat alternatives.