According to a new report published by Introspective Market Research, Mushroom Market by Product Type, Form, Application, and Region, The Global Mushroom Market Size Was Valued at USD 6523.97 Million in 2024 and is Projected to Reach USD 14189.42 Million by 2032, Growing at a CAGR of 10.2%.

Market Overview:

The global Mushroom market encompasses the cultivation, processing, and distribution of a diverse range of edible and medicinal fungi, including common varieties like button, shiitake, and oyster mushrooms, as well as specialty and functional types like lion's mane, reishi, and cordyceps. Modern mushroom cultivation offers significant advantages over traditional foraging and older farming methods through controlled-environment agriculture (CEA), which ensures consistent year-round supply, superior quality, and freedom from contaminants. Mushrooms are highly regarded for their nutritional profile, being low in calories yet rich in protein, fiber, vitamins (like B and D), minerals, and unique bioactive compounds not found in other plant-based foods.

Growth Driver:

The foremost growth driver for the mushroom market is the accelerating global shift towards plant-based and flexitarian diets, coupled with rising health consciousness and the search for sustainable protein sources. As consumers reduce meat consumption for health, environmental, and ethical reasons, mushrooms are uniquely positioned as a whole-food, umami-rich alternative that can mimic meat's texture and flavor. Simultaneously, scientific research validating the health benefits of both common and functional mushrooms such as immune support, cognitive function, and stress reduction is driving demand beyond the culinary sphere into the nutraceutical and wellness sectors. This dual demand for mushrooms as both a culinary staple and a functional health ingredient creates a powerful, multi-faceted growth engine.

Market Opportunity:

A significant and high-growth market opportunity lies in the expansion of the functional mushroom segment and the development of mycelium-based products. Beyond culinary uses, there is immense potential in standardized extracts, powders, and ready-to-drink formulations of medicinal mushrooms (like reishi, chaga, cordyceps) for the booming wellness and nootropic markets. Furthermore, mycelium the root structure of mushrooms is emerging as a revolutionary bio-fabrication platform. It can be grown into sustainable alternatives to leather, packaging materials, and even construction materials. Investing in R&D for mycelium-based meat analogs (mycoprotein) that offer superior nutrition and texture compared to some plant-based proteins represents a transformative frontier, positioning the mushroom industry at the forefront of the sustainable food and materials revolution.

Mushroom Market, Segmentation
The Mushroom Market is segmented on the basis of Product Type, Form, and Application.

Product Type
The Product Type segment is further classified into Button Mushroom, Shiitake Mushroom, Oyster Mushroom, and Others. Among these, the Button Mushroom sub-segment accounted for the highest market share in 2024. Button mushrooms (Agaricus bisporus) dominate globally due to their mild flavor, versatility in cooking, widespread availability, and cost-effectiveness in large-scale cultivation. They are the most commonly consumed mushroom variety worldwide, forming the bulk of production in both developed and developing markets, and are a staple in retail and foodservice.

Form
The Form segment is further classified into Fresh and Processed. Among these, the Fresh form segment accounted for the highest market share in 2024. Fresh mushrooms are preferred by consumers for their taste, texture, and perceived nutritional value, and they are the primary form sold in supermarkets. They are essential for foodservice and home cooking. However, the Processed segment (especially dried and powdered forms) is growing rapidly, driven by longer shelf life, convenience, and their use as ingredients in soups, sauces, snacks, and dietary supplements.

Some of The Leading/Active Market Players Are-

• Monaghan Mushrooms (Ireland)
• Bonduelle Group (France)
• Costa Group (Australia)
• Drinkwater Mushrooms (Canada)
• Greenyard (Belgium)
• The Mushroom Company (USA)
• Scelta Mushrooms BV (Netherlands)
• Monterey Mushrooms, Inc. (USA)
• Okechamp S.A. (Belgium)
• Shanghai Finc Bio-Tech Inc. (China)
• Hirano Mushroom LLC (Japan)
• Weikfield Foods Pvt. Ltd. (India)
• Modern Mushroom Farms (USA)
• Phillips Mushroom Farms (USA)
• Banken Champignons (Netherlands)
• and other active players.

Key Industry Developments

News 1:
In March 2024, Costa Group announced a major expansion of its medicinal mushroom cultivation facilities in Australia, focusing on certified organic lion's mane and reishi for the extract and supplement market. This investment targets the high-growth Asia-Pacific wellness sector.

News 2:
In January 2024, Bonduelle, through its subsidiary, entered a strategic partnership with a biotech startup to co-develop a new line of mycelium-based bacon and chicken alternatives. The collaboration aims to leverage Bonduelle's scale and the startup's fermentation technology to create sustainable, whole-cut meat analogs.

Key Findings of the Study

• Button Mushrooms hold the largest market share due to their widespread cultivation and consumption.
• The Asia-Pacific region is the largest and fastest-growing market, driven by culinary traditions and rising health awareness.
• The global shift towards plant-based diets and the recognition of mushrooms as a functional superfood are key growth drivers.
• Major trends include rapid growth in the functional/medicinal mushroom segment, innovation in processed forms (powders, extracts), and the exploration of mycelium for sustainable materials and meat alternatives.