Report forecast the fresh mushroom market in Singapore to
grow at a CAGR of 2.88% during the period 2016-2020.
Mushrooms are porous, fleshy, and spongy and are most often
considered as vegetables. They have both individual consumers and foodservice
providers as primary consumers. Because of their medicinal and nutritional
values, consumers in Singapore are willing to pay more for healthy, fresh, and
hygienically-packed fresh mushrooms. However, Singapore is a net importer of
fresh mushrooms with more than 95% of its fresh mushrooms being imported from
other APAC countries.
The report covers the present scenario and the growth
prospects of the fresh mushroom market in Singapore for 2016-2020. To calculate
the market size, the report considers the revenue generated from the sale of
fresh mushrooms in both the retail sector and the foodservice sector.
The market is divided into the following segments based
on product type:
- Button
- Shiitake
- Oyster
- Other
According to the report, increasing popularity of specialty
mushrooms will be a key driver for market growth. Specialty mushrooms are
gaining importance in Singapore. For example, Maitake mushroom, a specialty
mushroom, was launched in the market in July 2015 by the Hokto Kinoko
Corporation of Japan. Maitake mushrooms are grown in Japan and exported to
Singapore. They are rich in proteins, vitamins, and minerals and fortify the
immune system. These mushrooms are also promoted through cookery shows and
tasting events in high-end restaurants. However, other types of gourmet fresh
mushrooms like Porcini, Morel, forest, chanterelle, and wild types of mushrooms
are in greater demand. Seasonal mushrooms are also in high demand.
Further, the report states that one of the challenges for
the market will be labor-intensive nature of mushroom cultivation. Mushroom
production requires high level of management skill and input. There is always a
wrong perception among new growers that mushroom cultivation is easy. However,
they fail to analyze that each species of mushroom needs specialized treatment
to yield consistent results. Mushroom cultivation is labor-intensive and
physically demanding. For example, outdoor mushroom cultivation involves hard
work such as hauling logs to incubation sites and cutting trees, moving logs
inside and outside of soak tanks, and packaging and transporting to markets.
The size of the labor force in Singapore was more than 3.08 million as of 2010,
but only 0.1% of the labor force was engaged in agriculture, which is a main
concern. Retaining labor in this field is also difficult owing to the
labor-intensive nature of the work.
Fresh Mushroom Market in Singapore 2016-2020, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the fresh mushroom market in Singapore: Aries
Fresh, FreshDirect, Mycofarm Global, SGvegetables, Ban Choon Marketing, and
Thygrace Marketing.
Other Prominent Vendors in the market are: Champ Fungi, and
Hup Heng Fresh Produce.
Market driver
- Medicinal values associated with mushrooms
- For a full, detailed list, view our report
Market challenge
- Lack of availability of quality ingredients and support
- For a full, detailed list, view our report
Market trend
- Vegetarianism: A new trend in Singapore
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 57 pages and 43 Exhibit “Fresh
Mushroom Market in Singapore 2016 - 2020” report covers Executive summary, Scope
of the report, Market research methodology, Introduction, Market landscape, Country
profile: Singapore, Market segmentation by product type, Distribution channel
analysis, Import and export, Market drivers, Impact of drivers, Market
challenges, Impact of drivers and challenges, Market trends, Vendor landscape.
For
more information Visit at: http://mrr.cm/Jv7
Find all Food Reports at: http://www.marketresearchreports.com/food
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