Increasing Adoption of Shiitake Mushroom due to its Nutritional Value to Proliferate the Global Shiitake Mushroom Market
In 2023, the size of the Global Shiitake Mushroom Market was valued at around USD 810 billion. Moreover, it is estimated that the market will expand at a CAGR of around 7.8% between 2024 to 2030. The market is swiftly driven by the rising adoption of mushrooms due to their high nutritional value. Shiitake Mushrooms contain a huge variety of nutritional components, due to this mushrooms are considered a superfood. Moreover, they serve consumers with fibers, vitamin B, antioxidants, which lower the risk of cancer, reduce cholesterol levels, and increase overall immunity.
In addition, due to the high concentration of antioxidants, shiitake mushrooms are used by several cosmetic companies to produce moisturizers. Hence, the increasing preferences of consumers towards clean-label cosmetic products are contributing to lifting the Global Shiitake Mushroom Market in upcoming years.
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Growing Food Processing Industry Propels the Global Shiitake Mushroom Market
As the food processing industry is developing, it is an excellent opportunity for the Global Shiitake Mushroom market to expand. Nowadays, people are focusing on food with fewer calories, and with a high nutritional value which the food processing industries are trying to fulfill. Moreover, development in types of food that contain a higher nutritional value, and fewer calories is in demand among the young population. Consequently, the demand for shiitake mushrooms is propels, and is expected to rise in the forecast period as well.
The commercial Sector is Expected to Adopt the Maximum Share of the Global Shiitake Mushroom Market
Based on end-users, the Global Shiitake mushroom market is divided into three segments including – industries, residential, and commercial. Out of all these, the commercial sector is expected to adopt a prominent share of the industry. This sector consists of a variety of businesses, and industries like catering services, hotels, restaurants, food processing key players, etc. which uses shiitake mushrooms as a main ingredient in their offerings.
Moreover, in the recent years, due to the rise in health consciousness among individuals, and variations in eating choices, the adoption of these mushrooms has elevated, further influencing the growth of the market.
Top Market Participants of the Global Shiitake Mushroom Market
According to the recent report by MarkNtel Advisors, the dominant players of the Global Shiitake Mushroom Market are – Thar Food, Mycomedica, Shandong Qihe Biotechnology Co., Ltd., Oyster Creek Mushroom Company, Mycotrition GmbH, Fresh Mushroom Europe NV, Mitoku Company Ltd., Meadow Mushrooms, Nammex, Monterey Mushrooms, Inc., Rain Forest Mushrooms, Hirano Mushroom LLC, Brewer’s Mushrooms, Banken Champignons, Giorgio Fresh Co., and others.
Asia-Pacific Region Occupies the Largest Share of the Global Shiitake Mushroom Industry
Geographically, the Global Shiitake Mushroom Market expands across – Asia-Pacific, Europe, North America, South America, and the Middle East & Africa. Among these regions the Asia-Pacific holds the maximum share of the industry, and is anticipated to rule the market in the upcoming years due to the high-demand, and consumption of shiitake mushrooms.
Additionally, the increasing vegan trend as well as rising demand for plant-based products further fueling the market growth. China & Japan are the major producers in the Asia-Pacific region. Emergent economies, and the food sector in this particular region are improving rapidly, which leads in the mounting demand for shiitake mushroom. Thus, contributing to the upgrading the Asia-Pacific Shiitake Mushroom Market.
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