The Dried Mushroom Market Poised for Robust Growth, Reaching $4.29 Billion in 2024 – Global Forecast to 2028 and 2033
The global dried mushroom market is experiencing significant growth, driven by factors such as an increased demand for plant-based products, the nutritional benefits of dried mushrooms, and growing consumer awareness. Projections indicate a rise from $3.92 billion in 2023 to $4.29 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.6%. The market’s expansion is also fueled by the popularity of vegan diets and functional foods, as well as the increasing adoption of e-commerce platforms for food distribution.
According to the “Dried Mushroom Market Report 2024” by Research and Markets, the market is set to reach $4.29 billion in 2024, showing a robust growth trajectory. This growth is driven by the rise of veganism, the increasing awareness of the health benefits of dried mushrooms, and a surge in demand for organic food products. Dried mushrooms, particularly known for their high vitamin D content, have become an essential ingredient in plant-based cooking, providing rich umami flavor and meat-like textures.
Looking ahead, the market is projected to expand further to $6.22 billion by 2028, supported by the ongoing health and wellness trends, the rise of functional foods, and the growing interest in sustainability and organic products. Additionally, innovations in nutraceutical mushroom extracts and strategic acquisitions by leading companies are driving the sector forward. Companies like GrowLife, Inc. have been enhancing their market position by acquiring businesses such as Bridgetown Mushrooms to meet the increasing demand for functional mushroom products.
The growing demand for dried mushrooms, driven by the vegan movement and health-conscious consumers, is reshaping the food industry. With the market’s expected growth in the coming years, dried mushrooms are set to become a staple in plant-based diets and functional food categories. Innovations in mushroom-based products and nutraceuticals will likely further fuel this growth, offering new opportunities for companies to tap into this expanding market.
Source: The Dried Mushroom Market Poised for Robust Growth, Reaching $4.29 Billion in 2024 – Global Forecast to 2028 and 2033, Published on: October 04, 2024, GlobeNewswire, The Dried Mushroom Market Poised for Robust Growth
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