White Button Mushroom Powder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:
The market for white button mushroom powder is poised for significant expansion over the next decade.By 2024, the market is expected to reach a valuation of $178.8 million, and by 2031, it is projected to grow to $222.31 million with cagr of 3.20%. This growth is expected to be driven by several factors including an increased preference for healthy food products, innovative approaches by manufacturers, and the rise of urbanization globally.
White Button Mushroom Powder Consumption Analysis
Historically, the white button mushroom powder market has experienced steady growth. This trend is largely attributed to the health-conscious shifts in consumer preferences and the evolving demands of the food and beverage industry. Manufacturers have responded by reformulating their products to align with these trends, focusing on offering superior products with enhanced shelf life, nutrient content, and taste.
The processed food and beverage industry has seen a boost from urbanization and a growing working population worldwide. As a result, there is an increasing demand for white button mushroom powder due to its nutritional properties and distinct umami flavor. This demand is further bolstered by the rising popularity of functional food products, which offer both excellent flavor profiles and health benefits.
Key Trends in the White Button Mushroom Powder Market
1.Personalized Vitamin Packages
The market sees a growing trend towards personalized health solutions, including vitamin supplements tailored to individual dietary needs. This shift is driving the demand for white button mushroom powder, which is often used as a base for these supplements.
2.'Mushroom Magic' Health Fad
White button mushrooms are recognized for their high antioxidant levels and rich vitamin and mineral content, branding them as a superfood. This recognition has spurred the 'Mushroom Magic' trend, enhancing consumer interest in mushroom-based products.
3.Vitamin D Enhanced White Button Mushroom Powder
With vitamin D being essential for bone health and metabolism, there is a notable demand for food products and supplements enriched with this nutrient. White button mushroom powder, which naturally contains vitamin D, especially when dried, is increasingly popular among consumers looking for natural vitamin D sources.
4.Veganism
The shift towards veganism has also impacted the market positively. As the diet excludes animal-derived vitamin D sources, vegan consumers turn to plant-based options like white button mushroom powder to fulfill their nutritional requirements.
Country-wise Insights
The U.S. Market
In the U.S., the demand for white button mushroom powder is strong, particularly driven by the rising consumption of organic food products. The preference for organic options is influenced by their health benefits and superior taste and flavor.
East Asia Market
In East Asia, particularly China, the market for white button mushroom powder is substantial due to a large number of local manufacturers and the prevalent use of mushrooms in regional cuisine.
Category-wise Insights
End-Use in Industries
The beverage industry represents a significant portion of the market due to the use of white button mushroom powder as a flavor enhancer. This segment is expected to witness the highest growth rate over the forecast period.
Distribution Channels
Business-to-business sales dominate the market distribution channels, reflecting the direct use of white button mushroom powder in various food and beverage products.
Competitive Analysis
Companies in the white button mushroom powder market are focusing on diversifying and innovating their product portfolios. They engage in strategic alliances and partnerships with distributors to increase market presence and meet consumer demands effectively.
Key Companies Profiled
Mycotrition GmbH
Monterey Mushrooms, Inc.
Greenyard Group
Shaanxi Dongyu Bio-Tech Co., Ltd.
PLT Health Solutions
Shaanxi Hongda Phytochemistry Co.,Ltd
Golden Horizon Technology Co., Ltd.
Scelta Mushrooms
MIGU Adaptogen Bio-tech Co., Ltd.
Pistol River Mushroom Farm Inc.
White Button Mushroom Powder Industry Research by Category
By End-Use:
Food Industry
Beverage Industry
Supplements
Foodservice Industry
Household/Retail
By Distribution Channel:
Business to Business
Business to Consumer
Supermarkets/Hypermarkets
Specialty Stores
Online Retail
By Region:
North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa
Table of Contents
1. Executive Summary
1.1. Global White Button Mushroom Powder Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Production Output and Trade Statistics, 2019-2023
3.1. Global White Button Mushroom Powder Market Production Output, by Region, Value (US$ Mn) and Volume (Tons), 2019-2023
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East and Africa
4. Price Analysis, 2019-2023
4.1. Global Average Price Analysis, by End Use, US$ Per Tons, 2019-2023
4.2. Prominent Factor Affecting White Button Mushroom Powder Prices
4.3. Global Average Price Analysis, by Region, US$ Per Ton
5. Global White Button Mushroom Powder Market Outlook, 2019-2031
5.1. Global White Button Mushroom Powder Market Outlook, by End Use, Value (US$ Mn) and Volume (Tons), 2019-2031
5.1.1. Key Highlights
5.1.1.1. Food Industry
5.1.1.2. Beverage Industry
5.1.1.3. Supplements
5.1.1.4. Foodservice Industry
5.1.1.5. Household/Retail
5.2. Global White Button Mushroom Powder Market Outlook, by Distribution Channel, Value (US$ Mn) and Volume (Tons), 2019-2031
5.2.1. Key Highlights
5.2.1.1. Business to Business
5.2.1.2. Business to Consumer
5.2.1.2.1. Supermarkets/Hypermarkets
5.2.1.2.2. Specialty Stores
5.2.1.2.3. Online Retail
5.3. Global White Button Mushroom Powder Market Outlook, by Region, Value (US$ Mn) and Volume (Tons), 2019-2031
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
6. North America White Button Mushroom Powder Market Outlook, 2019-2031
6.1. North America White Button Mushroom Powder Market Outlook, by End Use, Value (US$ Mn) and Volume (Tons), 2019-2031
6.1.1. Key Highlights
6.1.1.1. Food Industry
6.1.1.2. Beverage Industry
6.1.1.3. Supplements
6.1.1.4. Foodservice Industry
6.1.1.5. Household/Retail
6.2. North America White Button Mushroom Powder Market Outlook, by Distribution Channel, Value (US$ Mn) and Volume (Tons), 2019-2031
6.2.1. Key Highlights
6.2.1.1. Business to Business
6.2.1.2. Business to Consumer
6.2.1.2.1. Supermarkets/Hypermarkets
6.2.1.2.2. Specialty Stores
6.2.1.2.3. Online Retail
6.3. North America White Button Mushroom Powder Market Outlook, by Country, Value (US$ Mn) and Volume (Tons), 2019-2031
6.3.1. Key Highlights
6.3.1.1. U.S. White Button Mushroom Powder Market by End Use, Value (US$ Mn) and Volume (Tons), 2019-2031
6.3.1.2. U.S. White Button Mushroom Powder Market by Distribution Channel, Value (US$ Mn) and Volume (Tons), 2019-2031
6.3.1.3. Canada White Button Mushroom Powder Market by End Use, Value (US$ Mn) and Volume (Tons), 2019-2031
6.3.1.4. Canada White Button Mushroom Powder Market by Distribution Channel, Value (US$ Mn) and Volume (Tons), 2019-2031