The global mushroom fermenter market is estimated at USD 1.4 Billion in 2022 and is projected to reach USD 2.4 Billion by 2032, exhibiting a CAGR of 5.6% from 2022 to 2032.
| Attributes | Key Statistics |
|---|---|
| Mushroom Fermenter Market Size (2022E) | USD 1.4 Billion |
| Projected Market Size (2032F) | USD 2.4 Billion |
| Value-based CAGR (2022 to 2032) | 5.6% |
| Top 3 Countries' Market Share | 36.7% |
Nowadays, the vegan population is choosing a protein-rich diet which is influencing the mushroom fermenter market in a positive way. Whereas, escalating operational costs and exhaustive labor are expected to be the possible restraints for the mushroom fermenter market during the forecast period (2022 to 2032).
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Future Market Insights projects the mushroom fermenter market to remain steady, exhibiting growth at 5.6% CAGR between 2022 and 2032, in comparison to the 3.8% CAGR registered between 2017 and 2021.
A gradual increase in the consumption of mushrooms on a commercial level by various restaurants, cafeterias, hotels, and supermarkets is predicted to drive the demand for mushroom fermenters, which in turn will boost the growth of the mushroom fermenter market during the forecast period.
Similarly, with surging demand for meat alternatives across the world, sales of the mushroom fermenter are expected to show an upsurge in the coming half-decade. Moreover, the growing trend of veganism and various nutritional benefits offered by mushrooms such as improved digestion, better absorption of nutrients, and enhanced immune system will bode well for the mushroom fermenter market during the forthcoming years.
Developing countries such as India and China are experiencing an increase in mushroom production, attributed to the various nutritional and medical benefits. For example, these are used in making Ayurvedic and a few Chinese medicines. This is further predicted to increase the demand for mushroom fermenters in the near future.
Rising Application in Pharmaceutical and Personal Care Industries to Push Mushroom Fermenter Sales
As per FMI, the USA is expected to account for around 75% of the total revenue share of the North American mushroom fermenter market by the end of 2032. In developed countries like the US and Canada, increased demand for fermented mushrooms has been noticed in the food & beverage industry. Hence, the global sales of mushroom fermenters are likely to witness drastic growth over the forecast period.
Similarly, the rising usage of mushroom fermenters in pharmaceuticals and personal care products along with increasing consumer spending on these products is playing a key role in augmenting growth in the USA mushroom fermenter market.
Growing Awareness About the Benefits of Mushroom Igniting Demand for Mushroom Fermenter in China and India
Over the years, Asian countries such as India and China have emerged as lucrative markets for mushroom fermenters and this trend is likely to escalate further in the coming years. South Asia is predicted to show a considerable growth rate over the assessment period.
Changing consumption patterns, increasing purchasing power of consumers, and growing awareness about the potential health benefits of mushrooms are expected to propel the demand for fermented mushrooms. This in turn will fuel the growth of the mushroom fermenter market.
As per FMI, India and China are expected to account for the largest market share of the South Asia and East Asia regions respectively.
Mechanical Agitation to Remain Dominant Throughout the Forecast Period
With the expansion of markets for pharmaceutical, food and beverage, and cosmetics products, the fermentation of mushroom is gaining traction due to the various benefits offered to them. Mechanical agitation helps in moving the mash around in the tank through mechanical devices which are generally used for larger batches.
Hence, the market for mushroom fermenters is expected to continue exhibiting high growth through the forecast period (2022 to 2032).
Pharmaceutical Industry to Increase the Consumption of Mushroom Fermenter
Various pharmaceutical products require fermented mushrooms which have vast applicability in the pharmaceutical industry. The fermented mushroom is used in the production of antitumor agents, cardiovascular drugs, and several antibiotics. Due to this, the demand for mushroom fermenters is expected to rise in the near future.
The presence of various prominent players such as Bioengineering AG, Eppendorf AG, DCI-Biolafitte, Sartorius AG, Infors AG, and MARUBISHI I&E (M) SDN. BHD., Tongling Bio, Zhenjiang Ritai, and others have increased the competition in the market. Mushroom fermenter manufacturers are focusing on introducing a wide variety of products in order to increase their consumer base and gain a competitive advantage.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 1.4 Billion |
| Projected Market Valuation (2032) | USD 2.4 Billion |
| Anticipated Growth Rate (2022 to 2032) | 5.6% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Chile, Peru, Germany, UK, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey |
| Key Segments Covered | Type, Application, and Region |
| Key Companies Profiled |
Bioengineering AG; Eppendorf AG; DCI-Biolafitte; Sartorius AG; Infors AG; Yongxiang Machinery; Hangzhou Huihe Equipment Co., Ltd.; Applikon Biotechnology; GS Bio; Quanhe Fungi; MARUBISHI I&E (M) SDN. BHD.; Tongling Bio; Zhenjiang Ritai; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global mushroom fermenter market size is expected to reach a valuation of USD 1.4 Billion in 2022.
Mushroom fermenter consumption is expected to grow at a CAGR of around 5.6% over the forecast period (2022 to 2032).
Market players are opting for partnerships, mergers and acquisitions, product innovation, and production capacity expansion.
Top 10 producers of mushroom fermenters including Bioengineering AG, Eppendorf AG, DCI-Biolafitte, Sartorius AG, Infors AG, MARUBISHI I&E (M) SDN. BHD., Tongling Bio, Zhenjiang Ritai, and others hold around 35-40% of the market share.
The USA, China, India, and the UK are major countries driving demand for the mushroom fermenter.
| Estimated Market Size (2024E) | USD 15.6 billion |
|---|---|
| Projected Market Value (2034F) | USD 21.8 billion |
| Value-based CAGR (2024 to 2034) | 3.4% |
| Estimated Market Size (2024E) | USD 10,003 million |
|---|---|
| Projected Market Value (2034F) | USD 14,442 million |
| Value-based CAGR (2024 to 2034) | 3.7% |
| Estimated Market Share in 2023 | USD 9,698 million |
|---|---|
| Forecasted Market Size by 2033 | USD 22,023.8 million |
| Projected Market CAGR (2023 to 2033) | 9% |
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