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India Mushroom Market to Grow at 7.6% During 2023-2028, Propelled by the Rising Consumer Health Consciousness

Published on Nov 22, 2022

The latest report by IMARC, titled “India Mushroom Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the India mushroom market is expected to grow at a CAGR of  7.6% during 2023-2028. Mushrooms are nutritious and fleshy fruit bodies of certain macro-fungi groups, which appear below or above the ground and can be hand-picked. Edible mushrooms are usually produced in a controlled environment with appropriate nutrients, humidity, light, soil pH levels, ventilation, air and pressure. Some of the most commonly available mushrooms include button, oyster, milky, paddy, shitake, and reishi. In recent years, mushrooms have gained momentum as they are a good source of vitamin D, potassium, selenium, and riboflavin, and are proven to be useful in managing weight, minimizing the risk of numerous chronic diseases, and building immunity.

India Mushroom Market Trends:

One of the primary factors driving the market is the rising health consciousness among consumers, along with the increasing need for nutrient-rich and cholesterol-free food products in India. Additionally, mushrooms are widely adopted as an alternative to meat on account of the growing trend of veganism, thereby creating a positive market outlook. Other than this, mushroom is used in supplements as they possess a significant number of digestive enzymes and fiber that promote gut and immunological health. Besides this, the augmenting demand for processed mushroom variants across the country is positively influencing the market growth. In line with this, key players are constantly developing mushroom packaging technologies, such as the launch of humidity-regulating packaging materials that prevent water condensation on mushrooms and extend their shelf-life. This, along with the extensive adoption of mushrooms in the pharmaceutical industry for the treatment of various diseases, including hypertension and hypercholesterolemia, is creating lucrative growth opportunities for key players. Moreover, extensive investments in smart automation technologies for mushroom production to improve yield and reduce expenses, rapid urbanization, and rising consumer expenditure capacities are other growth-inducing factors.

Market Summary:

  • Based on the mushroom type, the market has been divided into button, shiitake, oyster, and other mushrooms.
  • On the basis of the form, the market has been segregated into fresh, canned, dried, and other mushrooms.
  • Based on the distribution channel, the market has been segmented into supermarkets and hypermarkets, grocery stores, online stores, and others.
  • On the basis of the end use, the market has been categorized into food processing industry, food service sector, direct consumption, and others.
  • Region-wise, the market has been classified into Nort India, West and Central India, South India, and East India.
  • The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.
     

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