According to the latest report by IMARC Group, titled "Mushroom Market: India Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the India mushroom market is expected to grow at a CAGR of 7.6% during 2023-2028. 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.
- 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.
|Base Year of the Analysis
| Historical Period
||Mushroom Type, Form, Distribution Channel, End Use, Region
||North India, West and Central India, South India, East India
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