India Mushroom Market Size, Share & Trends Analysis Report, 2030

 


India Mushroom Market Size & Trends

The India mushroom market size was estimated at USD 1.18 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2030. The growing vegan population's demand for a diet high in protein is anticipated to be a major driving force in the market over the course of the forecast period. Because of their high nutritional value, mushrooms are regarded as a superfood. Four essential nutrients, selenium, vitamin D, glutathione, and ergothioneine-are abundant in mushrooms. These nutrients aid in the reduction of oxidative stress and the prevention or mitigation of chronic illnesses such as dementia, cancer, and heart disease.

The India market accounted for a share of around 2% of the global mushroom market in 2023. India’s mushroom industry is mainly driven by rising consumer health consciousness and the increased demand for nutrient-rich, cholesterol-free food products. In addition, the growing popularity of veganism and the extensive use of mushrooms as a meat alternative due to their strong umami flavor are driving the country's market expansion. In addition, the growing use of mushrooms in dietary supplements is driving up demand for the product since they are high in fiber and digestive enzymes, which support immune system and gut health. Additionally, the growing demand for processed mushroom varieties, particularly in western nations, is giving India a lot of export prospects and improving the outlook for the regional industry.

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In addition, the market is expanding due to ongoing developments in mushroom packaging technologies, such as the creation of materials that control humidity and keep water from condensing on mushrooms to increase their shelf life. An additional reason driving expansion is the growing use of mushrooms by the pharmaceutical sector to treat a variety of ailments, including hypertension and hypercholesterolemia. Moreover, throughout the course of the forecast period, the India mushroom market is anticipated to be driven by large investments in intelligent automation technologies for mushroom production in an effort to increase output and lower costs.

Product Insights

Shiitake mushrooms dominated the market, having accounted for a revenue share of 32.4% in 2023. Shiitake mushrooms are extensively grown all over the world because of their many nutritional advantages and shorter spore incubation period. Moreover, the market is anticipated to be driven by their reduced costs, relative to their counterparts, throughout the forecast period. The shiitake product kind is well-liked across the world, mostly because of its savory rich taste and several health advantages. These mushrooms can be eaten raw or processed, such as dry shiitake mushrooms, which are more often used because of their umami flavor.

Application Insights

The usage of mushrooms in food applications accounted for a revenue share of around 87% in 2023. This application considers the utilization of fresh and processed forms by the household as well as food services. Mushrooms are low in fat and cholesterol, and they also have very little gluten and salt. Furthermore, mushrooms are a rich source of vitamins, minerals, proteins, and selenium, among other essential nutrients, and consequently, becoming quite well-liked among customers who are health-conscious and exercise lovers. Customers are choosing food items and drinks that are higher in nutrients and come from natural or clean sources.

Key India Mushroom Company Insights

In developed regions, major firms are placing more and more emphasis on sustainable production in an effort to appeal to environmentally sensitive consumers and strengthen their brand. In the upcoming years, sustainability is probably going to become a crucial component of the market in corporate activities ranging from packaging to compost preparation and cultivation.

Key India Mushroom Companies:

Fresh Lawn Mushroom Pvt. Ltd.
Krishidev Fertilizers And Seeds Limited
Chenab Impex Pvt. Ltd.
Shobha International
Shrim Industries Private Limited
Pisum Food Services Private Limited
Surabi
Agrosophia
Aroh Foundation
Annavarshni Foods LLP

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/guillain-barre-syndrome-diagnostics-market-report

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