Posted 11/24/2023, 4:35:00 AM
Mushroom Market Poised for Steady Growth Despite Supply Chain and Labor Challenges
- Mushroom market expected to grow by $22.20 billion from 2022-2027 at a CAGR of 6.62%
- Medicinal values of mushrooms driving market growth, but supply chain challenges and labor shortages may impede it
- Fresh mushrooms segment to see significant market share growth due to increased R&D and innovation
- APAC estimated to contribute 40% to market growth; Europe also expected to see growth
- Market is fragmented; companies adopting organic and inorganic strategies to compete