Global Edible Fungus Market Is Valued At USD 38820.22 Million In 2016

Edible Fungus is edible fruit bodies of several species of macrofungi. Edible Fungus provide many of the nutritional attributes of produce, as well as attributes more commonly found in meat, beans or grains. Mushrooms are low in calories, fat-free, cholesterol-free, gluten-free, and very low in sodium, yet they provide important nutrients, including selenium, potassium (8%), riboflavin, niacin, vitamin D and more.

The global edible fungus market is valued at USD 38820.22 million in 2016 and is expected to reach USD 52296.10 million by the end of 2023, growing at a Growth Rate of 4.35% between 2018 and 2023.

Around 20 kinds of edible fungus can be produced in large scale. The common products include Shiitake, Enokitake, Pleurotus eryngii, Cloud ear fungus, Auricularia auricula-judae, Pleurotus ostreatus, Agaricus bisporus, etc. In 2016, the 5 leading kinds of edible fungus in terms of production volume are Shiitake, Auricularia auricula-judae, Pleurotus ostreatus, Enokitake and Agaricus bisporus. The total share of the 5 kinds of edible fungus took 74.18% of the total production. Consequently, these 5 edible fungus are the major kinds in the worldwide.

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Edible fungus can be used fresh or preserved/processed, for instance dried, deep frozen, and canned. With a rise in income levels, the demand for edible fungus is bound to increase across all major developing nations such as India, Thailand, and Canada. China has been producing mushrooms at low costs with the help of seasonal growing, state subsidies, and capturing the potential markets such as the U.S., Germany, and France, with processed edible fungus at costs not remunerative to the growers in other edible fungus producing countries.

China produces more than 85% of edible fungus in the world. In China, it is the six largest plantation product following Grain, cotton, oil, vegetable and fruit. There are about 70~80 kinds of edible fungus in China, and about 50 kinds has been industrialized. Around 20 kinds can be produced in large scale. In 2014, the 7 leading kinds of edible fungus in terms of production volume are Shiitake, Auricularia auricula-judae, Pleurotus ostreatus, Enokitake, Agaricus bisporus, Cloud ear fungus and Pleurotus eryngii. Leading suppliers of edible fungus in factory mode are Xuerong Biotechnology, Ruyiqing, JUNESUN FUNGI, China Greenfresh Group and Shanghai Bright Esunyes from China, Yukiguni Maitake and HOKTO from Japan and Green Co from South Korea.

In the world wide, factory production is adopted by most developed countries like Japan, Korea, Europe and North America. In Japan, the share of factory production takes more than 90% of total yield, while the ratio in Taiwan and Korea are above 95%. Factory production is the development trend of edible fungus industry, and would also be the key factor that driven the development of edible fungus industry in China.

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