, March 30, 2018 ) The North America Button Mushrooms market
is anticipated to grow at 7.18% CAGR from 2016 to 2021 and it is estimated that the North America market was valued at USD 3.52 billion in 2016 and is expected to reach USD 4.97 billion by 2021.
Mushroom is the fleshy fungus which is parasitic in nature i.e. they are dependent on other plants for the food source. Mushrooms can be cultivated with low cost and lowland, therefore the majority of manufacturers are turning towards mushroom cultivation. Mushrooms market is likely to experience tremendous growth over the years owing to rise in food and medical industry. They are two type’s edible and toxic mushrooms. Mushrooms are considered good for health; as they contain negligible sodium and gluten content.
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Mushroom contains proteins with low-cholesterol and low-fat content. The market is mainly driven by increasing demand from the food industry. Surging use of mushrooms as ingredients in various food products fuels the market growth. Consumption of organic food is increasing dramatically in almost all developed and developing countries. Growing awareness among consumers regarding health, diet, and nutrition has increased interest in organic food products, including canned organic fruit and vegetables. However, strict regulations for processing of mushrooms led by the FDA due to the presence of various harmful mushroom species may impede the growth of the market. Moreover, the low shelf life of mushrooms is the other factor impacting on the growth of the mushroom market. Nonetheless, growing demand for mushrooms and escalating food chains and emerging food markets is likely to open a new avenue for the mushroom market in the near future. Furthermore, growing awareness among people about button mushroom is expected to show high consumption in future.
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The North America Button Mushrooms market is segmented on the basis of Product. On the basis of Product, it is segmented into Fresh and Processed Mushrooms. Both fresh and processed mushrooms are used in food industry for the production of several food products. The fresh mushroom held the largest share of the market due to the increased production of the food industry in developing countries. Fresh mushroom dominated the North America button mushroom market in terms of revenue. Processed mushroom sub-segment is anticipated to register the highest growth in the coming years owing to increasing demand for dried, frozen, canned, mushroom powder and mushroom sauces.
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Based on geography, the market is segmented into U.S and Canada. Increasing demand for organic and high protein content food in North America is expected to raise a growth of the button mushroom market.
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Some of the key players dominating the market are Bonduelle Fresh Europe, Costa Pvt Ltd, Drinkwater’s Button Mushrooms Limited, Monaghan Button Mushrooms Ireland, Monterey Button Mushrooms Inc., Lutece Holdings B.V., The Button Mushroom Company., Okechamp S.A. and Shanghai Finc Bio-Tech Inc.
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Market Data Forecast.