Global Mushroom Protein Market By Nature (Organic, Conventional), By Form (Powder, Capsules, Tablets), By Type (Shiitake, Reishi, Brown Italian, White, Portabella, Others), By End-use (Foods and Beverages, Health Care Industry, Cosmetics and Personal Care Industry, Others), By Distribution Channel (Hypermarket/Supermarket, Special Stores, Online Retailers, Others) , By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The global Mushroom Protein Market size is expected to be worth around USD 441.4 Million by 2033, from USD 168.4 Million in 2023, growing at a CAGR of 11.3% during the forecast period from 2023 to 2033.

Mushroom protein is a type of protein extracted from various edible mushrooms, such as white button, shiitake, and oyster mushrooms. This protein source is gaining popularity, especially among health-conscious individuals and those following vegetarian or vegan diets.

Mushrooms are not only nutritious but also offer a unique taste that enhances many dishes. They are known for being low in fat while providing a good amount of protein, essential amino acids, vitamins, and minerals.

The global trade of mushrooms is significant, with countries like China being major exporters. In 2020, China exported approximately $1.5 billion worth of mushrooms globally. The U.S. imports around $500 million worth of mushrooms annually, primarily from Canada and Mexico, reflecting a robust demand for both fresh and processed varieties.

According to the Food and Agriculture Organization (FAO), global mushroom production reached approximately 38 million metric tons in 2020, with a steady growth rate expected as consumer demand increases. The U.S. mushroom industry alone contributes over $1 billion annually to the economy, supporting thousands of jobs across cultivation, processing, and distribution sectors.

In the United States, mushroom extracts are classified under the Dietary Supplement Health and Education Act (DSHEA), requiring manufacturers to ensure safety and accurate labeling. The FDA mandates that new dietary supplements must be notified at least 75 days before market introduction. In the European Union, mushroom extracts are regulated as herbal medicinal products by the European Medicines Agency (EMA). Products must undergo pre-market evaluation to ensure safety and efficacy.

Various government programs aim to promote sustainable agriculture practices in mushroom cultivation. For instance, the U.S. Department of Agriculture (USDA) has initiatives that support research into sustainable farming techniques for mushrooms.

Private investments in mushroom protein innovation have surged. For example, companies like MycoTechnology have raised significant funding  $35 million to develop new mushroom-based protein products.

Key Takeaways

• Mushroom Protein Market size is expected to be worth around USD 441.4 Million by 2033, from USD 168.4 Million in 2023, growing at a CAGR of 11.3%.
• Conventional mushroom protein held a dominant market position, capturing more than a 64.4% share.
• powder form of mushroom protein held a dominant market position, capturing more than a 53.4% share.
• Shiitake mushroom protein held a dominant market position, capturing more than a 28.6% share.
• Foods and Beverages sector held a dominant market position within the mushroom protein market, capturing more than a 53.4% share.
• Hypermarkets and Supermarkets held a dominant market position in the distribution of mushroom protein, capturing more than a 38.5% share.
• North America emerges as the dominant region, accounting for a significant 39.9% market share with a valuation of USD 67.1 million.

By Nature

In 2023, Conventional mushroom protein held a dominant market position, capturing more than a 64.4% share. This segment’s strength stems from its well-established production methods and wider availability in global markets. Conventional mushroom protein, derived from widely cultivated mushroom varieties, offers cost-effectiveness that appeals to food manufacturers and consumers alike, contributing to its larger market share.

The Organic mushroom protein segment is gaining traction due to increasing consumer demand for clean-label and environmentally friendly products. Though it holds a smaller portion of the market compared to its conventional counterpart, organic mushroom protein is recognized for its premium quality and minimal environmental impact.

This segment appeals particularly to health-conscious consumers and those adhering to strict dietary regimens, driving its growth in specialized markets focused on organic and natural products. As awareness and preference for sustainable food options continue to rise, the market share for organic mushroom protein is expected to grow, reflecting broader trends in consumer behavior towards healthier and more sustainable diets.

By Form

In 2023, the powder form of mushroom protein held a dominant market position, capturing more than a 53.4% share. This format is favored for its versatility and ease of integration into various food and beverage products.

Powdered mushroom protein is commonly used in smoothies, shakes, and other culinary applications, making it a preferred choice for both consumers and manufacturers looking to incorporate protein supplements into their diets without altering the taste and texture of their meals.

Capsules and tablets also play significant roles in the mushroom protein market. Capsules are appreciated for their convenience and precise dosage, catering especially to consumers seeking straightforward, no-prep nutritional supplements.

Tablets offer a similar convenience but are typically used when more binding is required to deliver the mushroom protein in a stable, solid form. Both forms are geared towards health-conscious consumers who value ease of use and portability in their dietary supplements. While they have smaller market shares compared to powders, their importance in the dietary supplement market continues to support steady growth.

By Type

In 2023, Shiitake mushroom protein held a dominant market position, capturing more than a 28.6% share. This popularity is largely due to shiitake mushrooms’ well-known health benefits and robust flavor, which make them a favored choice among both consumers and manufacturers. Shiitake is especially noted for its high vitamin content and bioactive compounds, which are believed to support immune health and overall wellness.

Reishi mushroom protein also plays a significant role in the market, known for its medicinal properties. Often referred to as the “mushroom of immortality,” reishi is prized in holistic medicine for its potential to boost immunity and reduce stress.

Brown Italian mushrooms, including varieties like Crimini, are appreciated for their deeper, earthier flavor compared to white mushrooms, making them popular in protein powders intended for culinary uses. White mushrooms, being the most commonly consumed variety globally, hold a considerable share in the protein market due to their wide availability and nutritional content.

Portabella mushrooms, known for their large size and meaty texture, are utilized in mushroom protein products that aim to appeal to vegetarians and vegans looking for substantial, satisfying alternatives to meat.

By End-use

In 2023, the Foods and Beverages sector held a dominant market position within the mushroom protein market, capturing more than a 53.4% share. This segment benefits significantly from the increasing consumer interest in plant-based diets and functional foods, where mushroom protein is valued for its nutritional benefits and versatility in various culinary applications. From protein shakes to meat substitutes, mushroom protein is incorporated into a wide range of products, enhancing both the protein content and flavor profile.

The Health Care Industry also makes considerable use of mushroom protein, particularly due to its health-enhancing properties such as immune support and potential anticancer effects. This sector utilizes mushroom protein in dietary supplements and functional foods designed to deliver specific health benefits.

In the Cosmetics and Personal Care Industry, mushroom protein is gaining popularity as a component in skincare and beauty products. Known for its antioxidant and anti-inflammatory properties, it is used in formulations aimed at improving skin health and appearance, making it a valued ingredient in natural and organic cosmetic products.

By Distribution Channel

In 2023, Hypermarkets and Supermarkets held a dominant market position in the distribution of mushroom protein, capturing more than a 38.5% share. This channel’s popularity stems from its extensive reach and convenience, offering consumers a variety of mushroom protein products under one roof. These retail giants are often the first point of contact for consumers looking to purchase food and health products, which includes a growing variety of mushroom-based protein items catering to health-conscious shoppers.

Specialty Stores are also significant players in this market. They cater to niche markets with specific dietary preferences, such as veganism or organic food consumers, providing a curated selection of mushroom protein products. These stores typically offer more specialized knowledge and a broader range of mushroom protein items than general supermarkets, attracting customers looking for specific health benefits and product authenticity.

Online Retailers have seen a substantial increase in popularity as a distribution channel for mushroom protein products. The convenience of home shopping and the ability to easily compare products and prices online appeal to a broad consumer base. Additionally, online platforms often provide access to reviews and expanded product information, which is highly valued by informed consumers making health-related purchases.

Key Market Segments

By Nature

• Organic
• Conventional

By Form

• Powder
• Capsules
• Tablets

By Type

• Shiitake
• Reishi
• Brown Italian
• White
• Portabella
• Others

By End-use

• Foods and Beverages
• Health Care Industry
• Cosmetics and Personal Care Industry
• Others

By Distribution Channel

• Hypermarket/Supermarket
• Special Stores
• Online Retailers
• Others

Driving Factors

Health Awareness and Nutritional Benefits

A key driving factor for the mushroom protein market is the increasing consumer awareness of health benefits associated with mushrooms, including their immune-boosting and anti-inflammatory properties. This trend is significantly influencing consumer preferences, leading to higher consumption of mushrooms in both fresh and supplement forms.

The health and wellness trend continues to drive the demand for organic and naturally sourced products, boosting the market for organically cultivated mushrooms. Health-conscious consumers are particularly drawn to these products for their perceived purity and sustainability, contributing to market growth.

The rising popularity of plant-based diets and the integration of mushrooms into functional foods and nutraceuticals also play crucial roles. As consumers seek healthier dietary options, mushroom-based products are increasingly viewed as beneficial for health, further expanding their applications in dietary supplements and functional foods. This shift is supported by a growing body of research underscoring the nutritional benefits of mushrooms, including their potential to enhance immune function and reduce disease risk.

Furthermore, technological advancements in food processing and preservation are enabling mushroom products to maintain their nutritional integrity for longer periods, making them more appealing to consumers and manufacturers alike. This includes innovations in packaging and preservation techniques that extend the shelf life of mushroom products, making them more accessible in various forms, from fresh to powdered.

The combination of these factors—increased health awareness, advancements in food technology, and the rising popularity of plant-based diets—creates a strong foundation for the continued growth of the mushroom protein market. As the market evolves, these trends are expected to persist, driven by ongoing consumer interest in health and wellness and sustainable practices.

Restraining Factors

Supply Chain Challenges

A significant restraining factor for the growth of the mushroom protein market is the complexity and vulnerability of the supply chain. Mushroom cultivation requires specific climatic and soil conditions, and any disruptions in these can significantly affect production. The dependency on specific environmental conditions makes mushroom cultivation susceptible to climate variability and extreme weather conditions, which can lead to unpredictable yields and supply disruptions​.

Furthermore, the relatively short shelf life of fresh mushrooms poses additional challenges for distribution, particularly in reaching global markets without compromising quality. Although technological advancements such as modified atmosphere packaging have been developed to extend the shelf life, these solutions add extra costs and complexity to the production and distribution process​.

The mushroom protein market also faces logistical challenges due to the perishability of mushrooms, requiring efficient and rapid transport systems to maintain product integrity from farm to consumer. The need for specialized storage and transportation facilities to prevent spoilage increases operational costs, which can deter market entry and expansion, particularly for new or smaller players in the industry​.

Growth Opportunity

Expanding Applications in Plant-Based Products

A significant growth opportunity for the mushroom protein market lies in its expanding applications within the plant-based product sector. As consumers increasingly demand healthier, sustainable, and ethical food choices, the appeal of mushrooms as a versatile and eco-friendly protein source is growing. This trend is supported by the mushroom’s ability to be cultivated with relatively low environmental impact, aligning with global sustainability goals​.

The increasing incorporation of mushroom protein into a wide range of food and beverage products is a testament to its rising popularity. Innovations in food technology have made it possible to enhance the palatability and nutritional profile of mushroom-based products, making them attractive to health-conscious consumers. This includes applications in cereals, meal replacement bars, snacks, and even functional beverages, which have seen substantial growth​.

Additionally, advancements in genetic engineering and controlled environment farming are improving mushroom cultivation efficiencies. These technologies enable year-round production and a greater variety of mushroom types, further boosting market supply and accessibility​. The growing vegan and vegetarian populations, who seek plant-based alternatives that do not compromise on taste or nutritional value, are significant contributors to the market expansion​

Latest Trends

Sustainability and Technological Advancements

A significant trend shaping the mushroom protein market is the increasing emphasis on sustainability and the adoption of advanced cultivation technologies. This trend is driven by the growing consumer awareness of environmental issues and the demand for sustainable food sources.

Mushrooms are viewed as a sustainable option due to their lower land and water usage compared to traditional protein sources like livestock. This environmental benefit is making mushroom protein more attractive to eco-conscious consumers and companies focusing on reducing their ecological footprint​.

Moreover, technological advancements in mushroom cultivation, such as controlled environment farming and genetic engineering, are playing a crucial role in this trend. These technologies are enhancing the efficiency of mushroom production, enabling year-round cultivation, and expanding the variety of mushrooms available to consumers. As a result, mushrooms are becoming more accessible and affordable, further boosting their popularity as a sustainable protein source​.

The market is also seeing a surge in the use of mushrooms in a variety of food and beverage products, ranging from meat substitutes to functional beverages. This diversification is largely due to the versatility of mushrooms, which can be used in many forms and applications, appealing to a broad spectrum of consumers, including those on vegan or vegetarian diets​.

Regional Analysis

In the global landscape of the Mushroom Protein market, North America emerges as the dominant region, accounting for a significant 39.9% market share with a valuation of USD 67.1 million.

This robust market position is driven by heightened consumer awareness about health and wellness, and an increasing preference for plant-based diets among the North American populace. The region’s developed infrastructure for agricultural and food processing technologies further supports the growth and distribution of mushroom protein products.

Europe follows closely, leveraging its advanced food innovation and sustainability practices. The market in Europe benefits from stringent food safety regulations which promote transparency and quality in the mushroom protein sector.

Additionally, the rising vegan and vegetarian population in the region contributes to the growing demand for mushroom-based protein alternatives.

Asia Pacific is noted for its rapid market expansion, fueled by increasing income levels and urbanization, especially in countries like China and India. The region’s traditional use of mushrooms in daily diets also enhances the acceptance and integration of mushroom proteins in various culinary applications.

In contrast, the markets in the Middle East & Africa and Latin America are smaller but gradually growing. These regions are beginning to recognize the nutritional benefits of mushrooms, driven by changing dietary patterns and an increase in health consciousness among consumers.

However, the growth in these markets is moderated by less developed distribution channels for mushroom protein products and lower consumer awareness compared to the Western regions.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

The mushroom protein market is supported by a diverse array of key players each contributing through unique strategies and product offerings. Companies like Monterey Mushrooms, Inc. and Greenyard Group are significant for their extensive operations and wide product range in fresh and processed mushroom products, catering to both the food industry and retail consumers.

Amycel, MycoTechnology Inc., and MYCORENA AB stand out for their innovative approaches in biotechnology and fermentation processes to enhance mushroom quality and develop novel mushroom-based protein products. These companies focus on research and development to push the boundaries of mushroom applications in nutrition and health.

European companies like Scelta Mushrooms B.V. and Lesaffre Group are pivotal in advancing mushroom protein’s utility in diverse markets, from food enhancers to health supplements, thanks to their strong focus on sustainability and eco-friendly practices.

Lallemand Inc. and AngelYeast Co., Ltd. are recognized for their expertise in yeast and fermentation science, which they apply to enhance the nutritional profiles of mushroom products. These companies’ contributions are critical as they continue to innovate and drive growth in the mushroom protein market globally.

Top Key Players in the Market

• Agro Dutch Industries Ltd.
• Amycel
• AngelYeast Co., Ltd.
• Associated British Foods plc
• Drinkwell LLC
• Ganoherb International Inc
• Greenyard Group
• Halcyon Proteins Pty. Ltd.
• Healeo Nutrition
• Kerry Group
• Koninklijke DSM N.V.
• Lallemand Inc.
• Lesaffre Group
• Monterey Mushrooms, Inc
• MYCORENA AB
• MycoTechnology Inc.
• Om Organic Mushroom Nutrition
• Oriental Yeast Co., Ltd.
• Proteinco Canada
• Scelta Mushrooms B.V
• Van Wankum Ingredients BV
• White Mountain Mushrooms Ltd.

Recent Developments

In 2023 Agro Dutch Industries Ltd specializes in the cultivation, processing, and canning of fresh white button mushrooms, focusing on a 100% export-oriented business model.

In 2023 Amycel Recognized as a global leader in mushroom strain development, Amycel boasts that over 90% of North American mushroom growers use its proprietary brown mushroom spawn strains.

Report Scope