Shiitake Mushroom Market Overview

The Shiitake Mushroom Market has witnessed a value of USD 0.74 billion in 2023. It will register a CAGR of 6.56 % and estimated to reach at a USD 1.2 billion during the forecast period by 2032.

Shiitake is a type of functional mushroom used in healthcare or pharmaceutical products. Its application as a functional ingredient in the medical sector for producing health supplements drives the Shiitake Mushroom Market.

Canada's shiitake mushroom market is witnessing steady growth, driven by the increasing consumer interest in exotic and gourmet mushrooms. Shiitake mushrooms, known for their meaty texture and umami flavor, are popular among Canadian consumers looking for unique ingredients to incorporate into their cooking.

The sales of this function mushroom in general stores, cafeterias, cafés, and inns are developing the market in the forecast period. The customer's inclination toward processed food and meat substitutes is propelling the growth of the Shiitake Mushroom Market. The button and shiitake mushrooms are rich in protein, which can become a perfect meat substitute. These are key growth factors driving the market in the forecast period. Other factors, such as the change in consumers' tastes, are the major factors supporting the cultivation of the mushroom.

The mushrooms have a short usability period, hampering their market sales. Besides, the cultivation of the mushrooms needs higher functional expenses, limiting its cultivation. But the key player's method of producing the mushroom with effective ideas and achieving a higher sales rate and revenue value is keeping up the market's growth.

Key players

The following are the shiitake mushroom key market players.

·       Bonduelle SA (France)

·       Oyster Island Mushrooms LLC (U.S.)

·       Banken Champignons (Netherlands)

·       Monterey Mushrooms, Inc. (U.S.)

·       Brewer's Mushrooms (U.S.)

·       Rocky Bottom Mushrooms LLC (U.S.)

·       Modern Mushroom Farms INC. (US.)

·       White Mountain Mushrooms, LLC (the U.S.)

·       Mitoku Company, Ltd. (Japan)

·       Mycopolitan Mushroom Company (U.S.)

·       Highveld Mushrooms (South Africa)

·       Hirano Mushroom LUO (Republic of Kosovo)

·       Rain Forest Mushrooms (U.S.)

·       Agro Dutch Industries Ltd. (India)

·       Meadow Mushrooms Ltd (New Zealand)

Market Segments

The Shiitake Mushroom Market is segmented into categories, distribution channels, and product types.

The product type segment is segregated into Button Mushrooms, Shiitake Mushrooms, Oyster Mushrooms, and Others.

The form segment is comprised of Fresh Mushrooms and Processed Mushrooms.

The distribution channel of the market is further categorized into Hypermarkets & Supermarkets, Online Sales Channel, Convenience Stores, and Specialty Stores.

The Shiitake Mushroom Market's end-user segment comprises residential, Industrial, and Commercial.

Industry News

In June 2022, Sempera Organics developed its organic functional mushrooms, which are certified. Sempera Organics has come up with various types of organic functional mushrooms from vertical farming. The company will offer mushroom ingredients through a reduced supply chain with quick delivery to nutraceutical manufacturers. The mushrooms included are shiitake, maitake, almond mushroom, lion's mane, chaga, turkey tail, cordyceps, snow fungus, reishi, king oyster, and agarikon

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