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India Mushroom Market Research Report: Information by Mushroom Type (Button Mushroom, Shiitake Mushroom, Oyster Mushroom, and Others), By Form (Fresh Mushroom, Canned Mushroom, Dried Mushroom, and Others), By Distribution Channel (Supermarkets and Hypermarkets, Grocery Stores, Online Stores, and Others), By End Use (Food Processing Industry, Food Service Sector, Direct Consumption, and Others), – India Market Forecast Till 2032


ID: MRFR/F-B & N/20055-HCR | 128 Pages | Author: Pradeep Nandi| July 2024

India Mushroom Market Overview


The mushroom market industry is projected to grow from Significant Value in 2023 to Significant Value by 2032, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024 - 2032). Rising consumer awareness, changing eating habits, and the growing significance of mushrooms for better health are the main market drivers anticipated to propel the mushroom market in India


India Mushroom Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


India Mushroom Market Trends



  • Rising awareness of consumer health is driving the market growth


The primary factors driving the mushroom market in India are the rising health consciousness among consumers and the growing demand for nutrient-dense, cholesterol-free foods. Also boosting the market expansion in the nation are the growing veganism movement and the broad use of mushrooms as a meat substitute due to their strong umami flavor. The demand for the product is also being accelerated by the growing use of mushrooms in dietary supplements due to their high fiber content and digestive enzymes, which support the immune system and gut health. Further improving the prognosis for the regional market is the growing demand for processed mushroom varieties, particularly in Western nations, which is giving India a lot of export prospects. In addition, the Indian 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.


Furthermore, customers are looking for items with natural ingredients and are being more mindful of labels. Cosmetics with clean labels that are derived solely from plant extracts and don't include any artificial ingredients are becoming increasingly popular. As a result, producers of beauty and personal care products are incorporating more botanical elements into their formulas, which is anticipated to boost demand in India. Because of their high water content, mushrooms only last one to three days on the shelf. Therefore, post-harvest transportation and storage are essential to productive farming. Thus, result in driving the India mushroom market revenue.


India Mushroom Market Segment Insights



  • Mushroom Mushroom Type Insights


The India mushroom market segmentation, based on Mushroom Type, includes Button Mushroom, Shiitake Mushroom, Oyster Mushroom, and Others. The button mushroom segment dominated the market mostly. Because of their many nutritional advantages and shorter spore incubation time, they are extensively grown all over the world. Moreover, the market is anticipated to be driven by their reduced cost relative to their counterparts throughout the forecast period.



  • Mushroom Form Insights


The India mushroom market segmentation, based on Form, includes Fresh Mushroom, Canned Mushroom, Dried Mushroom, and Others. The fresh mushroom category generated the most income. Because more people are consuming organic and unprocessed food in order to maximize the product's health benefits, because fresh forms have a short shelf life, it can be difficult for manufacturers or distributors to distribute them.



  • Mushroom Distribution Channel Insights


The India mushroom market segmentation, based on Distribution Channel, includes Supermarkets and Hypermarkets, Grocery Stores, Online Stores, and Others. The supermarkets and hypermarkets segment dominated the market mostly. Supermarkets and hypermarkets are more prevalent than in undeveloped nations. Supermarkets and hypermarkets have been the primary distribution channels for this product because of their wide range of products in one location and convenience of purchase.



  • Mushroom End Use Insights


The India mushroom market segmentation, based on End Use, includes the Food Processing Industry, Food Service Sector, Direct Consumption, and Others. The food service sector category generated the most income. 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. Consequently, it is growing in favor of people who are health-conscious and fitness fanatics.


Figure 1: India mushroom Market, by End User, 2023 & 2032 (USD Billion)


India mushroom Market, by End User, 2023 & 2032


 


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Mushroom Country Insights


Consumers' growing health consciousness and their desire for nutrient-dense, cholesterol-free foods are the main reasons propelling the mushroom market in India. The nation's market expansion is also being aided by the expanding vegan trend and the widespread use of mushrooms, which have a strong umami flavor and can serve as a meat alternative. The increased demand for processed mushroom varieties, especially in Western countries, is contributing to a better outlook for the regional market and providing India with several export opportunities. To optimize the product's health advantages, consumers are eating unprocessed, organic food. It might be challenging for producers or distributors to distribute fresh forms because of their short shelf life.


India Mushroom Key Market Players & Competitive Insights


Leading market players are putting a lot of money into R&D to broaden their product ranges, which will fuel further growth in the mushroom market. Additionally, market players are engaging in a range of calculated actions to increase their presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure an increasingly cutthroat and dynamic market, the mushroom industry must offer cost-effective items.


Major players in the mushroom market are engaging in research and development activities in an effort to boost market demand, including Agro Dutch Industries Ltd., Bonduelle Fresh Europe, Drinkwater Mushrooms Ltd., Monaghan Mushrooms Inc., Monterey Mushrooms Inc., OKECHAMP S.A., Shanghai Finc Bio-Tech Inc., and The Mushroom Company.


Key Companies in the India mushroom market include



  • Agro Dutch Industries Ltd.

  • Bonduelle Fresh Europe

  • Drinkwater Mushrooms Ltd.

  • Monaghan Mushrooms Inc.

  • Monterey Mushrooms Inc.

  • OKECHAMP S.A.

  • Shanghai Finc Bio-Tech Inc.

  • The Mushroom Company


India Mushroom Market Segmentation


Mushroom Type Outlook



  • Button Mushroom

  • Shiitake Mushroom

  • Oyster Mushroom

  • Others


Mushroom Form Outlook



  • Fresh Mushroom

  • Canned Mushroom

  • Dried Mushroom

  • Others


Mushroom Distribution Channel Outlook



  • Supermarkets and Hypermarkets

  • Grocery Stores

  • Online Stores

  • Others


Mushroom End Use Outlook



  • Food Processing Industry

  • Food Service Sector

  • Direct Consumption

  • Others

Report Attribute/Metric Details
Market Size 2022 Significant Value
Market Size 2023 Significant Value
Market Size 2032 Significant Value
Compound Annual Growth Rate (CAGR) 8.00% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Distribution Channel, and Region
Countries Covered India
Key Companies Profiled Agro Dutch Industries Ltd., Bonduelle Fresh Europe, Drinkwater Mushrooms Ltd., Monaghan Mushrooms Inc., Monterey Mushrooms Inc., OKECHAMP S.A., Shanghai Finc Bio-Tech Inc., and The Mushroom Company
Key Market Opportunities ·         Customers are looking for items with natural ingredients and are being more mindful of labels. ·         The primary factors driving the India mushroom market are rising consumer health consciousness and the increased demand for nutrient-rich, cholesterol-free food products.
Key Market Dynamics ·         The growing popularity of mushrooms and the vegan movement ·         Growing use of mushrooms in dietary supplements due to their high fiber content


Frequently Asked Questions (FAQ) :

In 2023, the mushroom market in India was estimated to be worth Significant Value.

From 2024 to 2032, the market is anticipated to expand at a compound annual growth rate of 8.00%.

The leading companies in the industry include The Mushroom Company, OKECHAMP S.A., Drinkwater Mushrooms Ltd., Monaghan Mushrooms Inc., Monterey Mushrooms Inc., Bonduelle Fresh Europe, and Agro Dutch Industries Ltd, among others

In 2023, the market was dominated by the Button Mushroom category.

The market's largest proportion belonged to the Supermarkets and Hypermarkets segment.

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