Mushrooms and Truffles Market, By Product Type (Black Truffle, White Truffle, Brown Truffle, Agaricus bisporus, Shiitake Mushrooms, and Oyster Mushrooms), By Application (Food & Beverages, Pharmaceutical, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Mushrooms and Truffles Market was valued at US$ 3.7 billion in 2024 and is projected to grow at a CAGR of 5.2% to reach US$ 5.9 billion by 2034.

The mushrooms and truffles market occupies an intriguing niche within the global food sector. This market includes the commercial production, sales, and use of truffles and mushrooms, both wild and farmed. Mushrooms may be grown with comparatively little impact on the environment, making them a flexible and sustainable source of protein for vegans and vegetarians. This is in keeping with the rising demand from consumers for ethical and environmentally responsible food options. Furthermore, enhanced production efficiency and a more comprehensive range of year-round mushroom species are now possible owing to developments in mushroom growth methods including genetic engineering and controlled environment farming.

The flavor and appearance of truffle are similar to that of a mushroom, but they differ in that they are underground fungi that grow near the roots of oak trees. Their size is comparable to that of an apple or strawberry, and they become difficult to store after losing their scent after one week. It is typical that truffles, being fungi, can also be grown in the wild. Truffles thrive best in environments with temperature fluctuations. For the truffle to grow, it needs both warm summers and frigid winters. There is a great diversity found in truffles.

Due to their nutritional advantages, mushrooms saw a spike in demand as people became more health conscious and sought meals to strengthen their immune systems. Retailers and mushroom growers who were able to adjust to meet the rising demand for packaged and fresh mushrooms, especially those touted for their immune-stimulating qualities, benefited from this trend.

The main obstacle for the target market is the short shelf life of fresh mushrooms. Because of their short shelf life and high perishability, mushrooms can cause food waste and logistical issues during distribution, which can be expensive for growers and retailers. Moreover, for the market to flourish sustainably, issues including seasonality, truffle price volatility, and competition from substitute components must be resolved.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Mushrooms and Truffles Market Key Drivers:

• Growing awareness of the advantages in regards to its consumption

As a result of the high level of minerals, antioxidants, and other health-promoting ingredients, mushrooms and truffles are popular among consumers who are concerned about their health. These goods are in high demand because of their nutritional composition, which includes high protein, fibre, and antioxidant content.

For instance, in December 2022, according to an article published by The Indian Council of Agricultural Research Krishi Bhavan, they attempted to find out what drives consumer demand for mushrooms through a survey. The primary justification for mushroom consumption was found to be nutrition, as indicated by the fact that over half of the respondents (56.40%) were fully aware of the nutritional value of the food. About 42% of respondents thought there was an extra kind of vegetable on their plates, something different from the veggies they usually ate. People connecting it to flesh was an intriguing discovery. Since it tastes a lot like meat to them, over 19% of respondents said they eat it. This indicated that mushrooms are widely accepted by non-vegetarians and vegans alike (as an alternative to dairy products like cottage cheese). The fact that many mushroom recipes are accessible and that just 18% of respondents have eaten mushrooms may have contributed to their desire to try them. Just 13% of the respondents claimed to have ingested mushrooms for medical purposes, suggesting that the least amount of people were aware of their therapeutic qualities.

• Rising customer demand 

Due to their distinct tastes and advantageous health properties, mushrooms and truffles are becoming increasingly popular among consumers, which is a major market driver. Gourmet and exotic cuisine experiences are becoming more and more popular as a result of consumer demand. Specialty mushrooms and truffles are in high demand due to the increasing trend of trying out new recipes and ingredients. Both home cooks and chefs look for distinctive flavors and textures to enhance their dishes.

Mushrooms and Truffles Market Restrains:

• Expensive prices of these goods, along with scarce supply

Given their cost, truffles are regarded as unique and premium ingredients. Because truffles are pricey, some consumers cannot afford them, and their limited use in culinary applications limits their commercial penetration. In addition, the availability of natural truffles is restricted by their seasonal and geographic characteristics, which causes shortages and variations in price. As a result, meeting the market's rising demand will be difficult due to truffles' limited supply.

Mushrooms and Truffles Market is segmented based on product type, application, and region.

Product Type Insights

• Black Truffle: Black truffles are typically less expensive than white truffles, therefore the average home cook can more easily afford them. They are frequently used in sauces, compound butters, risottos, and other recipes because, although being less fragrant, their flavour holds up better to heat. The French Périgord region is home to some of the most well-known varieties of black truffles.
• White Truffle: White truffles, or Northern Italian truffles, are quite exquisite. Their flavour is very strong and fragrant. Because they are pretty uncommon and have a strong flavour, white truffles are often eaten uncooked and sparingly. Frequently, they are used as a garnish or shaved over sophisticated foods like pasta and risotto.
• Brown Truffle: The Oregon Brown Truffle, also known as Kalapuya brunnea, is indigenous to Oregon and the Pacific Northwest regions of the United States. Its exterior is rough and bumpy, with light brown to dark brown colors. The meat usually has white veining and is light brown in colour. It smells strongly of garlic.
• Agaricus Bisporus: Agaricus bisporus is the most well-known fungus and is the kind that is sold in supermarkets and used to make pizza. It comes in three different varieties: button, brown, and giant portobello. They are all variations of the same species. The reason for its widespread popularity is not so much its flavour as it is its aptitude for industrial manufacturing. The reason agaricus mushrooms that are sold in stores are cultivated in controlled environments and on regulated media is usually because they are kept in constant temperatures and high humidity, which is why they are commonly found in caves or other underground buildings.
• Shiitake Mushrooms: Shiitake mushrooms are used in traditional medicines in nations like China, South Korea, and Japan, because they increase longevity and circulation, improving health. Although dried shiitake mushrooms are more popular because of their umami flavour, they can be eaten fresh or processed, such as dried.
• Oyster Mushrooms: Oyster mushrooms have a mild-savory flavor and delicate texture, are used in a variety of cuisines, and are especially well-liked for cooking in China, Japan, and Korea. In addition, oysters have an active ingredient called benzaldehyde, which lowers the body's bacterial count and functions as a natural antibacterial, fueling demand for medicinal applications.

Application Insights

• Food & Beverages: The food & beverages application type uses the fruiting bodies of macrofungi, that is, mushrooms, which have a high nutritional value (low in calories, rich in proteins, vitamins, and antioxidants) and are also valuable in the culinary arts. Typically, truffles are served sliced and raw over warm, basic dishes like eggs or buttered spaghetti that allow their flavor to shine. Slices of thin truffle can be used as stuffing, in foie gras dishes, pâtés, meats, or under the skins of roasted poultry. Truffles are also a component of several gourmet cheeses. Additionally, truffles are utilized to make truffle honey and salt.
• Pharmaceutical: This type of application uses these goods as studies have been conducted on the medicinal qualities of particular mushrooms to explore their therapeutic uses. Additionally, numerous recent studies' findings about truffles' anti-inflammatory, antibacterial, and antioxidant properties support their use.
• Others: Other application type involves using mushroom extracts in skincare products, considering the belief that these ingredients have anti-aging and skin-hydrating benefits.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Mushrooms and Truffles Market Regional Insights

• North America market is estimated to witness a growing interest in truffles and a vast variety of farmed mushrooms offered by well-established firms who dominate the market. Additionally, the region has great demand for high-quality, conveniently oriented mushroom varietals.
• Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to widespread usage of traditional medical systems, such as Ayurveda and Traditional Chinese Medicines, which employ a variety of mushroom species to treat various illnesses. Mushrooms are predicted to be in great demand in the area due to their low calories, high nutritional content, and immunity-boosting qualities.
• Europe market is expanding steadily and has greater opportunity for uncommon mushrooms, such as gourmet items, is anticipated to arise from higher per capita income in the developed market in the region.
• Latin America market is an emerging region with large development potential because of the expanding middle class and growing public knowledge of the health advantages of truffles and mushrooms.
• The Middle East and Africa market is in its developmental stages, and tastes are changing due to increased exposure to foreign cuisines. Premiumization is possible in particular markets, particularly in the region's wealthy nations.

Report Scope:

Attribute	Details
Market Size 2024	US$ 3.7 billion
Projected Market Size 2034	US$ 5.9 billion
CAGR Growth Rate	5.2%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Product Type - Black Truffle, White Truffle, Brown Truffle, Agaricus Bisporus, Shiitake Mushrooms, and Oyster Mushrooms By Application - Food & Beverages, Pharmaceutical, and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Mushrooms and Truffles Market report based on product type, application and region:

Mushrooms and Truffles Market, By Product Type:

• Black Truffle
• White Truffle
• Brown Truffle
• Agaricus Bisporus
• Shiitake Mushrooms
• Oyster Mushrooms

Mushrooms and Truffles Market, By Application:

• Food & Beverages
• Pharmaceutical
• Others

Mushrooms and Truffles Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Mushrooms and Truffles Market include The Mushroom Company, Bonduelle Group, OKECHAMP SA, Hughes Group, Tartufi Morra, Agro Dutch Industries Ltd., Sabatino Truffles, Urbani Truffles, Drinkwater Mushrooms Ltd., and Modern Mushroom Farms.

Recent Development:

• In April 2023, Sabatino Truffles, an established manufacturer of truffle-based goods, acquired a strategic investment from Traub Capital Partners (TCP). This investment is anticipated to be a game-changer for Sabatino, helping them advance in two crucial areas: distribution networks and manufacturing skills.
• In May 2022, Upexi, a division of Grove Inc. and a market leader in the mushroom industry, introduced a line of therapeutic mushrooms. These products are sold directly to customers as well as through Amazon. In the US, the company offers mushroom extracts for sale. A comprehensive range of liquid extracts (tinctures) and gummies are available under the USDA Certified Organic brand, cultivated in the Pacific Northwest and has its extraction and formulation done in California.
• In October 2021, Fable Food Co., an Australian company, and Beatnic, a well-known vegan restaurant in New York City, announced their collaboration to introduce Fable's first meaty mushroom product in the United States. The meat substitute is created with natural shiitake mushrooms and will be available at every Beatnic location.
• In October 2021, Big Mountain Foods, a Vancouver-based food company, announced that it will launch the first Lion's Mane mushroom product line in North America in collaboration with Sprouts Farmers Market, a pioneer in gut-healthy foods.

• The Mushroom Company*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Bonduelle Group
• OKECHAMP SA
• Hughes Group
• Tartufi Morra
• Agro Dutch Industries Ltd.
• Sabatino Truffles
• Urbani Truffles
• Drinkwater Mushrooms Ltd.
• Modern Mushroom Farms

“*” marked represents similar segmentation in other categories in the respective section.

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Methodology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Sources
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Sources
  • Secondary Sources
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for medical carts Strategies
  • Key Questions this Study will Answer
  • Market Snippet, By Product Type
  • Market Snippet, By Application
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Black Truffle
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• White Truffle
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Brown Truffle
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Aluminum Foil Packaging
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Agaricus Bisporus
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Mushrooms
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Oyster Mushrooms
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Food & Beverages
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Pharmaceutical
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Others
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • Brazil
    • Mexico
    • Rest of Latin America
• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• The Mushroom Company
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Bonduelle Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• OKECHAMP SA
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Hughes Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Tartufi Morra
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Agro Dutch Industries Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Sabatino Truffles
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Urbani Truffles
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Drinkwater Mushrooms Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Modern Mushroom Farms
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Scelta Mushrooms BV
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Weikfield Foods Pvt. Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Banken Champignons BV
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Gusti d'Italia
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Kulkarni Farm Fresh Pvt. Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contact