Global Mushroom Materials Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Mushroom Materials are environmentally friendly, high-performance, alternatives to traditional plastic foam packaging. These have major application across Insulating panels Building materials, Protective Packaging, Others. These are biodegradable and can be liberated from unpredictable natural compound substances. The Mushroom Materials market is expanding because of factors such as growing furniture industry , and growing disposable income
According to Statista in 2021, the furniture market is expected to generate revenue of around USD 654.20 billion in 2022 with the growth rate of around 6.58 %. Also the living room furniture segment is expected to attain volume of around USD 227 .10 billion in 2022. Whereas growing investment in R&D and technological investment by market players and increased use of mushrooms as a supplement of meat products create lucrative opportunities for the market. However, short shelf life hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Mushroom Materials Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominates the market with highest revenue share, due to prevalence of traditional medicine systems including traditional Chinese medicines, ayurveda medicines etc. Whereas, Europe is expected to grow during the forecast period, owing to factors such as increasing disposable income, growing demand from restaurants, food chains, and hotels etc. in the forecast period
Major market players included in this report are:
Monterey Mushroom, Inc
Shanghai Fengke Biological Technology Co., Ltd
The Mushroom Company
Recent Developments in the Market:
IIn August 2019, Walsh Mushrooms Group has expanded its geographical reach by supplying its mushrooms to ALDI. It is a supermarket company. In 2019, a new five-year deal has begun by which the growers of Evesham (England-based center} are supplying mushrooms for ALDI.
In October 2018, Walsh Mushrooms Group invested USD 279,492 towards the launch of Vitamin D enriched mushroom. It is a two-year project which was granted Novel Food Status.
Global Mushroom Materials Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Feedstock, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World