India Mushroom Market to Grow at 6.78% During 2024-2032, Fostered by Rising Consumer Health Consciousness

April 13, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled "India Mushroom Market Report by Mushroom Type (Button Mushroom, Shiitake Mushroom, Oyster Mushroom, and Others), Form (Fresh Mushroom, Canned Mushroom, Dried Mushroom, and Others), Distribution Channel (Supermarkets and Hypermarkets, Grocery Stores, Online Stores, and Others), End Use (Food Processing Industry, Food Service Sector, Direct Consumption, and Others), and Region 2024-2032," the India mushroom market is expected to grow at a CAGR of 6.78% during 2024-2032. A mushroom is a fleshy and spore-bearing fruiting body of a fungus grown above or below the ground. It is a rich source of antioxidants, vitamin D, riboflavin, selenium, and potassium, which accounts for numerous health benefits, such as improving the immune system, reducing obesity, and providing protection against chronic disorders. It is also grown in a controlled environment with appropriate ventilation, light, humidity, air pressure, nutrients, and soil PH level. A distinct variety of mushrooms are utilized in the manufacturing of numerous nutraceuticals and pharmaceutical products. It is also used in the preparation of pickles, jams, soups, sauces, candies, and smoothies. Some popular variants of mushrooms consumed in India include oyster, button, paddy, milky, reishi, and shitake. 

India Mushroom Market Trends:

Significant growth in the food and beverage industry is driving the mushroom market in India. Furthermore, shifting preferences toward veganism and the widespread adoption of mushrooms as a substitute for meat on account of their rich umami taste are also propelling the market in the country. Moreover, several leading players are heavily spending on business expansion across developing countries to strengthen their market position, thereby creating a positive market outlook. In line with this, continual advancements in mushroom packaging technologies, such as the development of humidity-regulating packaging materials that prevent water condensation on mushrooms from extending their shelf-life, are also augmenting the market. Besides, the increasing utilization of mushroom in the diet as it contains a rich amount of fiber and digestive enzymes that promote gut and immunological health is catalyzing the product demand. In response to the escalating demand, several major companies are focussing on developing new varieties and broad product ranges, including the organic versions, which are gaining widespread prominence across the country. Furthermore, continual developments in organized distribution channels, including hypermarkets and convenience stores, along with the emerging e-commerce sector, are impacting the market favorably. Other factors, including continual advancements across the agriculture sector, extensive research, and development (R&D) activities conducted by leading players to enhance nutritional quality, and the advent of home delivery models, are also influencing the market. 

Market Summary:

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

Report Scope:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Mushroom Type, Form, Distribution Channel, End Use, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
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India Mushroom Market to Grow at 6.78% During 2024-2032, Fostered by Rising Consumer Health Consciousness
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