North America Mushroom Cultivation Market is expected to increase with a significant CAGR in the outlook period of 2020-2025 due to the increasing awareness of high nutritional values of mushrooms. Also, the surge in the consumption of processed food in the countries such as United States, Mexico and Canada is promoting the expansion of the market for Mushroom Cultivation in the North American region.
Driving Factors:-
Increasing investments by major players in the mushroom cultivation market in North America in research and development to introduce new products to the market and the increase of demand for meat substitutes followed by growing consumer preference towards vegan food is driving the growth of the market for Mushroom Cultivation in North American nations.
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Rising commercial mushroom consumption in hotels, restaurants and cafeterias, along with the easy availability in different sales channels like supermarkets/hypermarkets, rising consumer awareness regarding the health benefits of these products and surge in the intake of processed food items are some other prominent driving factors of the North America Mushroom Cultivation market.
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Challenges:-
High operational costs associated with the mushroom cultivation is one of the major restraints effecting the growth of the market of Mushroom Cultivation in North America region.
Segmentation Analysis:-
The North America Mushroom Cultivation market is segmented on the basis of
Type
Button Mushroom
Shiitake Mushroom
Oyster Mushroom
Other Types
Regional Analysis:-
North America Mushroom Cultivation market is likely to progress in the coming years, owing to the surge in the call for meat substitutes followed by growing customer base for vegan food and increasing awareness about the medicinal benefits of these mushrooms in local consumers. Furthermore, rising commercial mushroom consumption in hotels, cafeterias and restaurants also supports the growth in the revenue of North America region. The local market is anticipated to hold significant portion in terms of revenue over the prediction period.
Key market players:-
Some of the key players of the Mushroom Cultivation market are Walsh Mushrooms Group (Ireland), South Mill Mushrooms Sales (US), Smithy Mushrooms Ltd. (UK), Italspwan (Italy), Mushroom SAS (Italy), Mycelia (Belgium), Monaghan Mushrooms (Ireland), Rheinische Pilz Zentrale GmbH (Germany), Hirano Mushroom LLC (Kosovo), Fujishukin Co. Ltd. (Japan).
Covid-19 impact on North America Mushroom Cultivation Market:-
Due to the coronavirus pandemic, all the companies are suffering with the production and demand, supply chain and market disruption and also financial losses. So many companies around the world have halted their manufacturing units due to the strict lockdown regulations imposed by the government authorities. All the companies have closed and due to the financial crisis since March 2020, they have terminated employees with the situation to cannot pay the salaries.
Recently, the government authorities gave permissions to the companies to restart their production units with strict rules and regulations. All the companies have restarted their operations, which in turn started the supply chain of their products and helping them to recover their financial crisis.
In the field of North America Mushroom Cultivation market, the companies related to the market are supposed to witness some profits in the upcoming two to three years with the rising consumer awareness related to the health benefits associated with the consumption of mushrooms. Also, the increasing availability of commercial mushroom in supermarkets, retail stores and online channels, along with the augmented call for processed food items is estimated to act as a positive factor for the expansion of the North America Mushroom Cultivation market during the conjecture period.