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Mushroom Market Projected to Witness Vigorous Expansion by 2024

Author : Rahul Sankrityayan | Published Date : 2019-04-12 

Global Market Insights, Inc. has added a new report on Mushroom Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Mushroom Market will up surge significantly owing to its wide usage in food and agriculture industry. Growing interest of people towards cooking has boosted growth of mushroom market. It is used in various forms that include natural sweetener, preparation of chicken and soups. People add the product in dishes for nutrition and taste.

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Growing pharmaceutical industry will drive mushroom demand in the forecast time. The product is extensively used for treating various diseases that include polysaccharides and proteoglycans. It is also used for radiation treatment and chemotherapy. It was traditionally used in as Chinese medicine to treat critical health problems. High healing power that provides protection from colds and lifelong health. Its consumption can help in slowing down the effects of cancer.

Rising agricultural sector is driving mushroom market as it involves small initial capital, can be produced in any season and can be farmed by using agricultural waste. Innovative technologies including biotechnology, drip irrigation and pesticides and are accelerating the agricultural industry. Around 50% of the workforce is contributing in agricultural sector globally. It is also important for economy as it is exported worldwide.

The product is a fleshy, spore bearing fruiting body of fungus that is produced above ground on soil. It is one of the large source of vitamin D for human beings. It is commonly used in preparing food to provide sufficient vitamin, nutrition. It can be grown anywhere and can be used in various applications.

The product is also used for dyeing wool and other natural fibers. It is an organic compound that produces strong and vivid color that can last long. It is also known for starting fire and is plays a significant role in development of new biological remediation technique and filtration technology that includes lowering of bacterial level in contaminated water. Wide usage of component in various application will bolster mushroom market in forecast time.

Supply chain of mushroom market initiates from agricultural fields. After cultivation they are plucked, sorted and packaged for delivery. They are transported to various production centers that uses the product in various forms. It can be dried or can be directly distributed to retailers. It is made available in superstores for consumers.

Mushroom market is available in button, oyster and shiitake types and can be fresh or processed. Further segmentation on basis of process include dried, frozen, canned, powder, pickled and sauces. The product is used in end-use industries including, medical and food industry.

Lack of skills on product’s production & awareness about its benefits, expensive spawn and inferior quality may hinder mushroom market growth. Ill effects on human includes numbness, dry mouth, increased heart rate, high blood pressure, muscle weakness and vomiting. Many people are allergic to the component. Increasing consumer awareness towards its adverse effect on body negatively affects its growth.

Europe led by France, Italy and UK will witness substantial growth in as these countries are largest producer of mushroom, producing over 950,000 MT annually. With growing production and consumption in these countries mushroom market will also boost at a higher pace in forecast time.

Asia Pacific is projected to be fastest growing region in mushroom market. Increasing awareness about the product, growing demand for harvesting and rising agriculture are the factors driving the product demand in the region. Indian agricultural sector contributes over 13% of the gross domestic product and stands third in terms of farm mechanization. China is a major contributor of agriculture and ranked first in worldwide farm output. Growing agriculture sector will positively impact component demand.

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The U.S. is world’s most important pharmaceutical industry. It accounts for over 35% of global pharmaceutical industry. The country is home to many companies that fairly contributes in medical industry on the global basis. Product is widely used in radiation treatment and chemotherapy. With increasing demand in medical industry mushroom market will foresee robust grow.

Prominent players in mushroom market are Phillips farms Inc., Shanghai FINC bio tech, Costa Private Limited, Bonduelle Fresh, Tirupati Balaji Agro Private, Butet, British Agro, Kulkarni farm fresh Private limited, Monterey, California Farms Inc. and Scelta.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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