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Shiitake Mushroom Market Research Report- Forecast till 2023
2 Market Overview
The global shiitake mushroom market has witnessed constant demand during the last few years and is projected to
reach USD 35.4 billion at a CAGR of 15.31% by 2023. Shiitake mushroom is an edible specialty mushroom which
was originated in East Asia. It is commonly used in preparation of various cuisines of East Asia. High nutritional
value as well as medicinal value associated with the shiitake mushroom is increasing its application in
pharmaceutical industry as well. High demand of shiitake mushroom in processed foods owing to its rich and robust
flavoring attribute is further boosting the growth of shiitake mushroom. Moreover, increasing popularity of shiitake
mushroom in cosmetics is adding fuel to the growth of shiitake mushroom. High consumption of shiitake mushroom
in Asia Pacific, mainly in China is influencing the market growth since last few years.
Asia Pacific will dominate the shiitake mushroom market and is estimated to reach the market share of USD 1.7
billion in the year 2017. Consumption of shiitake mushroom from RoW is projected to witness a high growth rate of
15.01% during the given period owing to the increasing awareness and rise in application of shiitake mushroom in
various industries.
On the basis of the category, fresh shiitake mushroom will dominate the market and is projected to hold a major
share of approx. 50% in the global market. Fresh shiitake mushroom is widely used in preparation of different cuisines
for its rich and robust flavoring attribute which is driving the market of fresh shiitake mushroom. Asia Pacific is
dominating the market in use of fresh shiitake mushroom followed by Europe. However, North America is witnessed
to be the second largest growing country in fresh shiitake mushroom at a CAGR of 14.36% over the forecast period.
Intended Audience:
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Shiitake mushroom manufacturers
Food industry
Pharmaceutical Industry
Personal care products manufacturers
Retailers, wholesalers and distributors
Traders, importers and exporters
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