Mushroom Market Analysis: Opportunities, Innovations, and Growth Potential Through 2034

BySheetal Gajbhiye

The global mushroom market was valued at USD 65.60 billion in 2024 , and it is projected to grow from USD 71.76 billion in 2025 to USD 163.47 billion by 2034 , exhibiting a compound annual growth rate (CAGR) of 9.6% during the forecast period (2025–2034) . This robust growth is primarily driven by rising consumer preference for plant-based diets, increasing awareness of the health benefits associated with mushroom consumption, and growing demand in foodservice and functional food industries.

Market Definition

Mushrooms : Fleshy, spore-bearing fruiting bodies of fungi that are widely consumed as food for their nutritional value and unique flavor. Mushrooms are rich in proteins, vitamins, minerals, and antioxidants, making them a key ingredient in both traditional and modern cuisines globally.

Key Report Highlights

  • In terms of product , the button mushroom segment dominated the market in 2024 , owing to its widespread availability, affordability, and high consumer acceptance across both developed and emerging economies.
  • Based on form , the fresh mushroom segment held the largest market share in 2024, driven by the rising demand for unprocessed, natural food products among health-conscious consumers.
  • The Asia Pacific region accounted for the major market share in 2024, supported by strong domestic consumption, well-established cultivation practices , and the cultural significance of mushrooms in regional diets.
  • The European mushroom market is expected to grow at a robust pace over the forecast period, fueled by increasing health consciousness , a surge in plant-based diet adoption , and advancements in organic and sustainable farming techniques .

Market Overview: Key Figures at a Glance

  • Market Value in 2024 : USD 65.60 billion
  • Projected Market Size in 2025 : USD 71.76 billion
  • Projected Market Size in 2034 : USD 163.47 billion
  • Anticipated CAGR (2025–2034) : 9.6%

Get access to the full report or request a complimentary sample for in-depth analysis: https://www.polarismarketresearch.com/industry-analysis/mushroom-market 

Market Growth Drivers

The mushroom market is being propelled forward by several key factors:

  • Increasing consumer shift toward plant-based and protein-rich diets
  • Growing recognition of mushrooms’ nutritional and medicinal benefits , including immune-boosting properties
  • Expansion of foodservice and retail sectors boosting demand for culinary mushrooms
  • Rising popularity of functional foods and mushroom-based supplements
  • Technological advancements in cultivation, packaging, and preservation enhancing shelf life and product availability

Market Key Players

The competitive landscape features a mix of large multinational companies and regional producers focusing on innovation, sustainability, and supply chain optimization. Notable participants include:

  • Bonduelle Group
  • CMP Mushroom
  • Costa Group
  • Drinkwater Mushrooms Ltd.
  • Greenyard
  • Monaghan Group
  • Monterey Mushroom, Inc.
  • Maverick and Farmer
  • OKECHAMP S.A
  • The Mushroom Company

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