MEA Mushroom Market Share, Trends, Revenue, Demand, CAGR Status, Challenges and Future Investment Opportunities Till 2033

Share

MEA Mushroom Market Share, Trends, Revenue, Demand, CAGR Status, Challenges and Future Investment Opportunities Till 2033: SPER Market Research


 Category : Food & Beverages

 Published: May-2024
 Author: SPER Analyst


Middle East and Africa Mushroom Market is projected to be worth USD 10.69 billion by 2033 and is anticipated to surge at a CAGR of 8.39%.

Mushrooms are fascinating creatures that occupy a unique ecological niche. They are members of the fungal kingdom. They cannot photosynthesize since they lack chlorophyll, so they must obtain their nourishment from the organic materials around them. In practically every region of the planet, from verdant forests to crowded cities, mushrooms can be found. They are abundant and come in a vast array of sizes, forms, and colors. Some have medicinal properties or even hallucinogenic effects, while others are prized for their culinary virtues, giving meals rich flavors and textures. But proceed with caution, as several species are toxic or even lethal if eaten.

Middle East and Africa Mushroom Market Driving Factors and Challenges
Drivers: The mushroom market in the Middle East and Africa (MEA) is expanding due to a number of important factors. Initially growing consumer knowledge of the health advantages of eating mushrooms has increased demand for wholesome, plant-based food options, which is propelling market expansion. Due to their high protein content, low calorie count, and assortment of vitamins and minerals, mushrooms are a popular choice among health-conscious consumers looking for alternative dietary sources. Furthermore, the growing popularity of vegetarian and vegan diets has increased demand for mushrooms as a meat alternative, which is driving the market's growth.

Challenges: One significant barrier is the overall lack of awareness and cultural acceptance of mushrooms as a staple diet in many parts of the region. Despite their nutritional value and versatility in the kitchen, mushrooms are not as popular or consumed as they are in other parts of the world in the Middle East and Africa (MEA) because of the absence of traditional cuisines. In addition, growing mushrooms is challenging due to the region's climate, which is characterized by high temperatures and dry conditions in many areas. Proper equipment and controlled environments are required for efficient production.


Impact of COVID-19 on Middle East and Africa Mushroom Market
The COVID-19 pandemic has had a significant impact on the mushroom market in the Middle East and Africa, presenting both opportunities and challenges for industry players. Travel restrictions and disruptions in the supply chain caused changes in the market's supply and demand. Consumer demand initially increased due to the perceived health benefits of fresh mushrooms; however, the closure of restaurants, hotels, and catering services resulted in a downturn in the foodservice industry, which in turn affected the consumption of mushrooms. Additionally, labor constraints and logistical challenges hindered manufacturing and distribution routes, causing temporary disruptions in the mushroom supply.

Middle East and Africa Mushroom Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Bonduelle SA, CMP Mushrooms, Costa Group, Monterey Mushrooms, Okechamp S.A, The Mushroom Company.


Middle East and Africa Mushroom Market Segmentation:

By Species: Based on the Species, Middle East and Africa Mushroom Market is segmented as; Chaga, Cordyceps, Lion's Mane, Maitake, Reishi, Shiitake, Tremella, Turkey Tail, Others.

By Product Type: Based on the Product Type, Middle East and Africa Mushroom Market is segmented as; Cultivated, Wild.

By Category: Based on the Category, Middle East and Africa Mushroom Market is segmented as; Regular, Full Spectrum.

By Nature: Based on the Nature, Middle East and Africa Mushroom Market is segmented as; Conventional, Organic.

By Cultivation Method: Based on the Cultivation Method, Middle East and Africa Mushroom Market is segmented as; Bed Cultivated, Log/Wood Cultivated.

By Application: Based on the Application, Middle East and Africa Mushroom Market is segmented as; Pharmaceutical, Food & Beverages, Dietary Supplements, Nutraceutical, Sports Nutrition, Personal Care, Others.

By Region: This research also includes data for Kingdom of Saudi Arabia, United Arab Emirates, Egypt, State of Kuwait, Sultanate of Oman, Israel, Africa.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Microsoft
SPER-EY
SPER-McKinsey
SPER-Bain
SPER-Max-Healthcare
SPER-DHL
SPER-SIEMENS
SPER-IQVIA
SPER-Pfizer
SPER-LOREAL
SPER-Kankar IMRB
SPER-ITA
SPER-PWC
SPER-Sanofi
SPER-p&g
SPER-Johnson & Johnson
SPER-IPSOS
SPER-Heineken

SPER

Market Research

We are the leading, full-service global market research and consulting company.

Certificates
iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]

 +91-742-898-5650