Shiitake Mushroom Market Growth Regional Analysis, Key Players, Opportunities and Forecast to 2028
Market Introduction:
Shiitake mushroom is a type of specialty mushroom which are grown on the
decaying wood of deciduous trees. Major share of shiitake mushroom production
was witnessed in Asia pacific, which held 82.54% of market share in the year
2017. Shiitake mushroom is widely used in the food industry for its rich
texture and smoky flavor. Moreover, it has gained popularity among the growing
population for its high nutritional and medicinal benefits including its
ability to aid weight loss, support cardiovascular health, fight cancer cells,
improve energy levels and brain function, reduce inflammation, and support the
immune system. Additionally, various elements content in the shiitake mushroom
such as selenium, zinc, and kojic acid which are beneficial for healthy skin
which is adding fuel to the growth of shiitake mushroom market size.
Access Report Details @ https://www.marketresearchfuture.com/reports/shiitake-mushroom-market-4731
Market Forecast
The global market for shiitake mushroom has been experiencing high
demand from the last few years and is projected to reach 4370 tons by 2023
compared to 2109 tons in 2017. Increasing application of shiitake mushroom in
various industries is driving the market of shiitake mushroom market size.
Owing to the high nutritional attributes of shiitake mushroom such as it is a
good source of vitamin B & D, it is gaining popularity among the health
conscious population.
Based on the category, dried shiitake mushroom is expected to witness
the highest growth rate of 16.91% on a global level. Processed shiitake
mushroom is expected to grow rapidly during the forecast period. Moreover, on
the basis of application, food industry is dominating the market over past years.
However, pharmaceutical industry is projected to witness high growth at a CAGR
of 16.56% over the forecast period followed by cosmetic segment.
By Downstream Analysis
On the basis of category of the shiitake mushroom, fresh mushroom is
dominating the market holding a global market share of 49.8%. However, dried
shiitake mushrooms is expected to grow substantially over the forecast period
followed by processed shiitake mushrooms.
Potential application of shiitake mushroom in food industry have a
positive impact on its market growth with the major market share of 54.4% in
the year 2017. However, pharmaceutical segment is likely to witness the highest
growth rate followed by cosmetics segment over the coming years.
Based on the sales channel, store based sales channel is dominating the
market with a lion’s share of 83.6% in the year 2017. In store based sales
channel, wholesaler/distributor dominates the market with the highest market
share in the year 2017. However, specialty stores are projected to witness higher
growth rate over the forecast period.
Competitive Analysis
The major key players in shiitake mushroom are:
- Bonduelle SA
(France)
- Mitoku Company,
Ltd. (Japan)
- Agro Dutch
Industries Ltd. (India)
- The Mushroom
Company (U.S.)
- Modern Mushroom
Farms (U.S.)
- Hirano Mushroom
LLC (Kosovo)
- Banken
Champignons (the Netherlands)
Regional Analysis
Among the regions, Asia Pacific is dominating the shiitake mushroom market size with over 82.54% of the global market share and is projected to reach
more than USD 26.79 billion by 2023. In Asia Pacific, China is expected to grow
at the highest rate followed by Vietnam over the forecast period. Moreover, RoW
is projected to witness the highest growth rate during the forecast period
2017-2023 in which Africa is expected to grow at the highest growth rate. In
RoW, Middle East is dominating the market with market share of 80% in the year
2017.
Market Segmentation
The global shiitake mushroom market size is segmented by category,
application, sales channel and regions.
Request a Sample Report @
https://www.marketresearchfuture.com/sample_request/4731
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Comments
Post a Comment