Rising health consciousness among consumers and increasing demand for nutrient-rich profile mushrooms are expected to drive market growth. The Japan, Thailand, and Singapore mushroom for food market is experiencing significant growth, primarily fueled by the increasing health consciousness among consumers. Recent years have witnessed a noticeable shift in consumer preferences, with a growing inclination toward healthier and more nutritious food options.
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Data Bridge Market Research analyzes that the Japan, Thailand, and Singapore Mushroom for Food Market is expected to reach USD 5,256.82 million by 2030 from USD 1,887.44 million in 2022, growing with a substantial CAGR of 13.7% in the forecast period of 2023 to 2030. The Singapore mushroom for food market is expected to reach USD 1,171.20 million by 2030 from USD 574.78 million in 2022, growing with a substantial CAGR of 9.3% in the forecast period of 2023 to 2030. The Thailand mushroom for food market is expected to reach USD 941.48 million by 2030 from USD 481.36 million in 2022, growing with a substantial CAGR of 8.8% in the forecast period of 2023 to 2030.
Key Findings of the Study
Increasing Demand for Nutrient-Rich Profile Mushrooms
Mushrooms are gaining recognition as a valuable source of essential nutrients, including vitamins, minerals, and antioxidants. They naturally contain low levels of calories and fat while being abundant in vitamins such as vitamin D and vitamin B complex, and minerals such as selenium and potassium. Moreover, mushrooms serve as a unique plant-based protein source, making them particularly attractive to vegetarians and vegans seeking alternatives to conventional animal-based proteins.
Furthermore, the growing trend of health consciousness and the adoption of plant-based diets have driven the demand for nutrition-rich mushrooms. Consumers are becoming more discerning about their dietary choices, actively seeking out foods that promote overall health and well-being. Given their impressive nutritional profile, mushrooms align perfectly with these preferences, as they can significantly augment the overall nutrient content of meals.
In addition, research highlighting the potential health advantages of specific mushroom varieties has contributed to their rising popularity. For instance, mushrooms such as shiitake and maitake are renowned for their immune-boosting properties, while reishi mushrooms are believed to possess adaptogenic qualities, aiding in stress reduction. These findings have spurred heightened interest in these mushrooms as functional foods.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Species (Button Mushrooms, Shiitake Mushrooms, oyster mushrooms, Grey Mushrooms, Chestnut Mushrooms, Portobello Mushrooms, Turkey Tail Mushrooms, Lion’s Mane Mushrooms, Maitake Mushrooms, Chaga Mushrooms, Pleurotus Pulmonarius, Cordyceps Mushrooms, Tremella Mushrooms, Pleurotus Sajor-caju, Summer Mushrooms, and Others), Category (Frozen, Fresh, and Dried), Nature (Conventional and Organic), End User (Household/Retail, Food Service Industry, and Food Processing), Distribution Channel (Indirect Sales and Direct Sales)
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Countries Covered
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Japan, Singapore, and Thailand
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Market Players Covered
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YUKIGUNI MAITAKE Co., Ltd. (Japan), HOKUTO Corporation (Japan), Zakana Co., Ltd. (China), Kin Yan Agrotech. (Singapore), Qihe Biotech (China), Pro Mushroom Co., Ltd. (Thailand), Champ fungi Pte Ltd (Malaysia), SUGIMOTO Co., Ltd. (Japan), TOWA KANBUTU Corporation (Japan), Highline Mushrooms. (Thailand), HASEGAWA NOUSAN (Japan), Marutomo Co. Ltd (Japan), Hibara Kinoko Center Co., Ltd (Japan) and among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The Japan, Thailand, and Singapore mushroom for food market is segmented into five notable segments based on species, category, nature, end user, and distribution channel.
- On the basis of species, the market is segmented into button mushrooms, shiitake mushrooms, oyster mushrooms, grey mushrooms, chestnut mushrooms, portobello mushrooms, turkey tail mushrooms, lion’s mane mushrooms, maitake mushrooms, chaga mushrooms, pleurotus pulmonarius, cordyceps mushrooms, tremella mushrooms, pleurotus sajor-caju, summer mushrooms, and others.
In 2023, the button mushrooms segment is expected to dominate the Japan, Thailand, and Singapore mushroom for food market
In 2023, the button mushrooms segment is expected to dominate the Japan mushroom for food market with a market share of 14.43%. Singapore mushroom for food market with a market share of 14.67%. Thailand mushroom for food market with a market share of 14.83% due to their widespread cultivation, mild flavor, and versatility in various culinary applications.
- On the basis of category, the market is segmented into frozen, fresh, and dried. In 2023, the frozen segment is expected to dominate the Japan mushroom for food market with a market share of 52.41%. Singapore mushroom for food market with a market share of 51.86%.
- On the basis of nature, the market is segmented into conventional and organic. In 2023, the conventional segment is expected to dominate the Japan mushroom for food market with a market share of 60.12%, Singapore mushroom for food market with a market share of 59.50%, and Thailand mushroom for food market with a market share of 59.65%.
- On the basis of end user, the market is segmented into household/retail, food service industry, and food processing. In 2023, the household/retail segment is expected to dominate the Japan mushroom for food market with a market share of 48.97%, Singapore mushroom for food market with a market share of 49.61%, and Thailand mushroom for food market with a market share of 48.97%.
- On the basis of distribution channel, the market is segmented into indirect sales and direct sales.
In 2023, the indirect sales segment is expected to dominate the Japan, Thailand, and Singapore mushroom for food market
In 2023, the indirect sales segment is expected to dominate the Japan mushroom for food market with a market share of 68.52%, Singapore mushroom for food market with a market share of 67.46%, and Thailand mushroom for food market with a market share of 67.74% owing to the rising demand for mushroom for retail sales across the country.
Major Players
Data Bridge Market Research analyzes HOKUTO Corporation (Japan), YUKIGUNI MAITAKE Co.,Ltd. (Japan), Highline Mushrooms. (Thailand), Marutomo Co. Ltd (Japan), and HASEGAWA NOUSAN (Japan) as the major market players in the Japan, Thailand, and Singapore mushroom for food market.
Market Developments
- In September 2023, HOKUTO Corporation harnessed AI-powered robots to revolutionize shiitake mushroom cultivation. These robots employ 3D vision technology and big data analysis to efficiently select and sort mushrooms, reducing the need for manual labor. HOKUTO aims to enhance production efficiency and ultimately create a fully automated system by optimizing cultivation conditions through data insights, marking a significant leap forward in mushroom farming
- In June 2023, Highline Mushrooms. introduced the limited-edition White Grill Caps, a delightful addition for summer grilling, providing an easy and nutritious option to elevate outdoor cooking experiences. These mushrooms absorb smoky flavors, offer versatility as a standalone dish or veggie burger, and enhance recipes with their natural umami richness. This new launch helped the company gain more customers
- In September 2022, Kin Yan Agrotech. organized an event in which RV Climate Café (RVCC) invited students to participate. This visit showcased that sustainable agriculture need not rely on high-tech solutions but can flourish through innovative techniques and thoughtful planning, exemplified by Kin Yan's pesticide-free approach. The experience underscored the viability of local food production in meeting Singapore's nutritional needs by 2030 while maintaining economic competitiveness
- In April 2022, Highline Mushrooms. won the Best New Product Award at CPMA 2022 for their innovative Simple Sides sauté kits, showcasing convenient meal solutions that amplify the taste of fresh mushrooms with flavorful sauce options, aligning with consumer demands for quick, sustainable, and delicious dining experiences. Such recognition helps to boost investor confidence and attract new investors
- In February 2020, 100% Organic Forest-Grown Shiitake mushroom, a product of SUGIMOTO Co., Ltd, received rave reviews for its exceptional taste and texture at the Natural Products Expo West 2020. This recognition helped the company to cater customer’s attention globally
Regional Analysis
Geographically, the countries covered in the Japan, Thailand, and Singapore mushroom for food market report are Japan, Thailand, and Singapore.
As per Data Bridge Market Research analysis:
Japan is expected to dominate the Japan, Thailand, and Singapore mushroom for food market
Japan is expected to dominate the market as it has strong technological leadership, substantial agriculture budgets, and favorable regulatory conditions. These factors collectively contribute to Japan’s position as a dominant player in this industry.
Japan is estimated to be the fastest-growing region in the market during the forecast period 2023-2030
Japan is expected to be the fastest-growing region due to the rising demand for mushrooms for various nutrients value across the country.
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