Adoption of Smart Automation is Creating
Lucrative Opportunities for the Mushroom Market Expansion
Mushroom production is one of the
world's fastest expanding agricultural industries. Weather monitoring and
control, particularly the influence of temperature and humidity, is an
important element for mushroom production. Most farmers in rural locations
across the world produce mushrooms using conventional methods. However, these
traditional methods of mushroom cultivation are harmful as poisonous mushrooms
frequently occur as a result of inadequate weather and culture process
monitoring. As a result, governments are significantly investing in smart
automation techniques for mushroom cultivation. As Industry 4.0 encompasses the
digital transformation of the whole industrial and consumer markets, digitalization
has become an appealing feature and a trend for several businesses,
particularly with the introduction of the Internet of Things (IoT). As a
result, smart automation techniques like IoT & Machine Learning (ML)-based
Smart Mushroom Farming are likely to boost the production of mushrooms
throughout the forecast period. The Internet of Things (IoT), microcontroller and
several agriculture-related sensors enable smart monitoring and agricultural
automation whereas Machine Learning (ML) technology can be used to categorise
edible mushrooms and poisonous mushrooms.
High Nutritional Benefits and Increasing
Adoption of Vegetarian and Vegan Diets is Propelling the Market Development
The growing demand for foods with
reduced fat and cholesterol levels that are also high in nutrients is expected
to drive the global market expansion. Moreover, food products such as mushrooms
that are rich in fibre and digestive enzymes and that help gut and
immunological health has led to its increasing inclusion in different dietary
supplements. The medicinal and nutritional advantages of fungi like mushroom can
also be gained by using edible fungus powders into soups, smoothies, and
sauces. In addition, increased use of mushrooms as a meat alternative, along
with an increasing vegan population, is expected to fuel market growth in the
coming years. Furthermore, the high therapeutic potential of edible mushroom
and rising public awareness are anticipated to contribute to market expansion during
the forecast period. As a result, several governments are investing in the
development of high-quality mushrooms that are safe for human consumption and
can be exported to other nations. Additionally, adoption of innovative pest
management systems to control damage can further assure greater yields, which
promotes market growth. Furthermore, rising global trade, as well as the
establishment of exotic varieties production in the prominent regions, are
expected to drive market expansion in the future years.
Collaborations and New Product Developments
are Providing Traction to the Market Progress
Major market participants are
focusing and investing in research and development activities in order to
develop new products that fulfil the customer demand. They are also
implementing several market strategies such as collaborations, new product
launches and acquisitions in order to strengthen their market position. For
example, in August 2023, Applied Food Sciences Inc. collaborated with the
Finnish company, KP Biotech, which specialises in fungal cultivation and
research. This collaboration enabled AFS to expand its botanical offering by
adding Nordic cultivated functional mushroom extracts for use in food, drinks
and supplements. Again, in January 2023, Pawse had introduced Mighty Mushrooms,
a new functional mushroom-based product for pets and the company's first to be
designed without CBD. The limited-ingredient composition contains USDA
Certified Organic extracts from the fruiting bodies of Chaga, Maitake, Reishi,
Shiitake and Turkey Tail mushrooms. Earlier, in February 2022, Doseology
Sciences Inc., a diversified life sciences company based in British Columbia
that develops mushroom-based health and wellness solutions, announced the
launch of its Health Canada NPN-approved medicinal mushroom product line in
Canada.
High Cost, Allergy Concerns and Regulations
Pose Threat to the Market Growth
Mushroom manufacturing
necessitates a high level of organisational expertise and proficiency. In
addition, humidity, temperature and light all have a significant impact on the
production of mushrooms. Insects and animal pests can also be a major problem
for producers, especially in the field. This makes pest control vital since
some insects, such as fungus gnats, grow under the same circumstances, resulting
in an increase in the production costs. Additionally, its short production
cycles and strong yields reduce harvest windows, limiting output amount. Mushrooms
have a relatively short shelf life, which limits market expansion. Furthermore,
rapid increase in demand has driven mushroom farmers to utilise harmful
production practises that include excessive pesticides and fertilisers. This
has resulted in a decrease in mushroom consumption as customers have grown more
health aware and prefer organic food. Apart from this, the allergic responses
during the production of mushrooms are anticipated to limit the market
expansion. The mushroom market can be subject to food safety, labelling, and
certification rules and standards. Compliance with these standards can
complicate and increase the cost of manufacturing and delivery. All these
factors are anticipated to negatively affect the mushroom market growth.
Drinkwater's Mushrooms Ltd,
Lutece Holdings B.V., Okechamp S.A., The Mushroom Company, Bonduelle SCA,
Monterey Mushrooms Inc., Costa Group Holdings Limited, Shanghai Finc Bio Tech
Inc., Monaghan Mushrooms Ltd., CMP Mushrooms, Greenyard NV, Fresh Stock, Agro
Dutch Industries Ltd, Hughes Mushroom, Modern Mushroom Farms, Scelta Mushrooms
BV, The California Mushroom Farms Inc., Banken Champignons, Ecolink Baltic,
Kulkarni Farm Fresh Pvt. Ltd, Weikfield Foods Pvt. Ltd. are some of the prominent
market players operating in the global mushroom market.
Rising Demand for Nutrient-Rich Food
Products and Government Support are Accelerating the Market Expansion
Asia Pacific region is expected
to witness a surge in mushroom production over the forecast period owing to the
adoption of innovative and modern production techniques, together with its
application in the manufacture of medicinal products to cure various ailments
and for general fitness. Moreover, Europe is expected to witness a substantial
growth in the mushroom market during the forecast period. This growth is
influenced by the increasing demand for nutrient-rich foods. The use of modern
processing techniques by manufacturers is further expected to add to the regional
sales growth. Furthermore, consumer consumption habits are changing due to
increased preferences for vegan meals. As health-conscious customers seek food
with functional value, the demand for mushrooms is creating lucrative
opportunities for the market development. Furthermore, the nutritional benefits
of mushrooms are boosting the market growth in North America region.
Additionally, the assistance of government in increasing harvesting speed and
surging research and development activities for fungi cultivation contribute
towards the expansion of the mushroom market over the forecast period.
The report provides a detailed
overview of the mushroom market insights in regions including North America,
Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa.
The country-specific assessment for mushroom market has been offered for all
regional market share, along with forecasts, market scope estimates, price
point assessment, and impact analysis of prominent countries and regions.
Throughout this market research report, Y-o-Y growth and CAGR estimates are
also incorporated for every country and region, to provide a detailed view of
the mushroom market. These Y-o-Y projections on regional and country-level
markets brighten the political, economic and business environment outlook,
which are anticipated to have a substantial impact on the growth of the mushroom
market. Some key country and region included in the mushroom market report as
follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Mushroom Market Research Report Covers
In-depth Analysis on:
·
Mushroom market segments
·
Mushroom market dynamics
·
Mushroom market value and share analysis
·
Recent trends, restraints, opportunities in mushroom
market
·
Companies & competition involved mushroom
market
·
Latest technologies in mushroom market
·
Supply chain and value chain mushroom market
·
Mushroom market sales and distribution
strategies
Mushroom Market Growth Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size in
terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Mushroom industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on mushroom market forecast
by countries
·
Essential information to enhance market position
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