Mushroom Market Size Worth USD 163.47 Billion by 2034 | CAGR: 9.6%

The global mushroom market size is expected to reach USD 163.47 billion by 2034, according to a new study by Polaris Market Research. The report “Global Mushroom Market Size, Share, Trends, Industry Analysis Report: By Product (Button, Shiitake, Oyster, Matsutake, Truffles, and Others), By Form, By Application, By Distribution Channel, and By Region – Market Forecast, 2025 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A mushroom is the fleshy, spore-bearing fruiting body of a fungus, typically produced above ground on soil or its food source. They come in various shapes, sizes, and colors, with some being edible and nutritious, while others are highly toxic or hallucinogenic. Mushrooms have diverse uses across culinary, medicinal, and industrial domains. In cooking, edible varieties like button, shiitake, and oyster mushrooms are prized for their umami flavor, meaty texture, and nutritional benefits, being rich in protein, fiber, vitamins (B and D), and antioxidants.

One of the primary factors propelling the mushroom market is the increasing awareness of their nutritional and medicinal properties. Mushrooms are low in calories yet rich in protein, fiber, vitamins (B and D), and essential minerals (selenium, potassium, and copper). They also contain bioactive compounds such as beta-glucans, antioxidants, and polysaccharides, which support immune function, reduce inflammation, and may help prevent chronic diseases like cancer and diabetes.

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The functional food and nutraceutical industries have embraced mushrooms for their adaptogenic qualities, particularly varieties such as reishi, lion’s mane, and chaga, which are used in supplements and wellness products. Additionally, the vegan and vegetarian movements have boosted demand, as mushrooms serve as an excellent meat substitute due to their umami flavor and meaty texture.

Market Report Highlights

• In terms of product, the button segment dominated the mushroom market share in 2024 due to its widespread availability, affordability, and high consumer acceptance across both developed and emerging economies.
• Based on form, the fresh segment dominated the market in 2024 due to rising demand for unprocessed, natural food products.
• Asia Pacific accounted for a major share in 2024 due to strong domestic consumption, well-established cultivation practices, and the cultural significance of fungi in regional diets.
• The market in Europe is expected to grow at a robust pace in the coming years, owing to the rising health consciousness, increased demand for plant-based food, and advancements in organic farming.
• Some of the global key players are Bonduelle Group; CMP Mushroom; Costa Group; Drinkwater Mushrooms; Greenyard; Monaghan Group; Monterey Mushroom, Inc.; OKECHAMP S.A.; and The Mushroom Company.

Polaris Market Research has segmented mushroom market report based on product, form, application, distribution channel, and region:

By Product Outlook (Revenue, USD Billion, 2020-2034)

• Button
• Shiitake
• Oyster
• Matsutake
• Truffles
• Others

By Form Outlook (Revenue, USD Billion, 2020-2034)

• Fresh
• Processed

By Application Outlook (Revenue, USD Billion, 2020-2034)

• Food
• Pharmaceuticals
• Cosmetics

By Distribution Channel Outlook (Revenue, USD Billion, 2020-2034)

• Direct to Customer
• Grocery Stores
• Supermarkets & Hypermarkets
• Convenience Stores
• Online Stores

By Regional Outlook (Revenue, USD Billion, 2020-2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America