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iCrowdNewswire Jan 15, 2021 10:27 AM ET

Shiitake Mushroom Market Analysis 2020-2024 | Key Findings by Forecast


iCrowd Newswire - Jan 15, 2021

Market Overview

Global Shiitake Mushroom Market is projected to reach USD 26.7 billion by 2024 and it will grow at a CAGR of 6.3% over the forecast period. In Asia Pacific, shiitake mushroom is majorly marketed in China which alone holds the lion’s share of 97% of the total Asia Pacific shiitake mushroom market. Asia Pacific alone captures 82.54% market share in the year 2019.

Shiitake mushroom is originated in East Asia which has led to a positive impact in the growth of shiitake mushroom in Asia Pacific. Moreover, increase in application of shiitake mushroom owing to the nutritional and medicinal attributes associated with it is encouraging the growth of shiitake market. Shiitake mushroom is a good source of vitamin B & D and is beneficial for various health 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.

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Major Key Players

This report includes a study of strategies such as mergers, acquisitions, and product launch by the major shiitake mushroom market players. It further includes product portfolios, developments of leading players, which includes 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) and Banken Champignons (the Netherlands)

Key Findings

Global Shiitake Mushroom Market is projected to reach USD 35.4 billion by 2024 at a growth rate of 6.3%

Fresh shiitake mushroom is expected to grow at a CAGR of 15.59% in Asia Pacific followed by North America over the forecast period.

Application of shiitake mushroom is projected to witness highest growth rate in pharmaceutical industry followed by cosmetic industry over the estimated period.

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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.

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