Shiitake Mushroom Market Is Estimated To Record a CAGR of Around 9.41% During The Forecast Period
Evolve Business Intelligence has published a research report on the Global Shiitake Mushroom Market, 2023–2033. The global Shiitake Mushroom market is projected to exhibit a CAGR of around 9.41% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Shiitake Mushroom Market: Bonduelle SA, Oyster Island Mushrooms, Banken Champignons, Monterey Mushrooms Inc, Brewer’s Mushrooms, Rocky Bottom Mushrooms, Modern Mushroom Farms INC, White Mountain Mushrooms, Mitoku Company Ltd, Mycopolitan Mushroom Company.
Market Highlights
The Shiitake Mushroom market is projected to be valued at USD 2.10 Billion by 2033, recording a CAGR of around 9.41% during the forecast period. Shiitake mushrooms, scientifically known as Lentinula edodes, are a popular and highly regarded edible mushroom species. They are native to East Asia, particularly Japan, China, and Korea, but are now cultivated and enjoyed worldwide. Shiitake mushrooms have been an essential part of Asian cuisine for centuries and are valued not only for their taste but also for their potential health benefits. Characterized by their broad, umbrella-like caps, shiitake mushrooms typically have a rich, savory flavor with a subtle earthy and smoky undertone. The caps are brown, and the stem is often shorter and tougher than that of other mushroom varieties. When fresh, they have a firm texture, and when cooked, they become tender and slightly chewy.
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The COVID-19 pandemic significantly impacted the Shiitake Mushroom market in several ways. With lockdowns and travel restrictions imposed in many regions, there were disruptions in the supply chain, affecting the production and distribution of Shiitake mushrooms. The closure of restaurants, hotels, and catering services led to a decline in demand from the food service sector, while increased home cooking and a focus on health and nutrition drove higher retail sales. Moreover, labor shortages and social distancing measures posed challenges to mushroom cultivation and harvesting. Despite these obstacles, the pandemic also brought attention to the health benefits of Shiitake mushrooms, leading to potential opportunities for the market to recover and adapt to changing consumer preferences in a post-pandemic world.
Segmental Analysis
The global Shiitake Mushroom market has been segmented based on Type, Form, Distribution Channel, and region.
Based on the Type, the Shiitake Mushroom market is segmented based on Button Mushrooms, Shiitake Mushrooms, Oyster Mushrooms, and Others. Shiitake Mushrooms are expected to have the largest market share throughout the forecast period, while Button Mushrooms are expected to grow at the fastest rate.
Based on the Form, the global Shiitake Mushroom market has been divided into Fresh Mushrooms, Processed Mushrooms. The Fresh Mushrooms segments are anticipated to dominate the market.
Based on the Distribution Channel, the global Shiitake Mushroom market has been divided into Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, and Online Sales. The Supermarkets/Hypermarkets segments are anticipated to dominate the market.
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Regional Analysis
The Shiitake Mushroom market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North American region includes the U.S., Canada, and Mexico, among others. North America is a significant consumer of Shiitake mushrooms, both in fresh and processed forms. European countries, such as Germany, France, the UK, and the Netherlands, are major players in the Shiitake Mushroom market. The consumption of mushrooms, including shiitake, is well-established in European cuisines. As the region of origin for Shiitake mushrooms, Asia-Pacific remains a key producer and consumer of this mushroom variety. Countries like Japan, China, Korea, and Vietnam have a long history of Shiitake mushroom cultivation and usage. Although not as prominent as other regions, Latin America has been witnessing increased interest in Shiitake mushrooms due to their growing popularity in international markets. The consumption of Shiitake mushrooms in the Middle East has been gradually increasing, driven by the region’s evolving food culture and awareness of the mushroom’s health benefits. While still a relatively smaller market for Shiitake mushrooms, Africa is also witnessing growth in mushroom cultivation and consumption, including Shiitake varieties, as part of efforts to improve food security and nutrition.
