africa

‘Global mushroom market to hit $72.5bn by 2027’


The global market for mushroom is projected to reach $72.5 billion by 2027, National President, National Mushroom Growers Processors and Marketers Association of Nigeria (NAM-GP-MAN), Chief Michael Awunor has said.

Awunor stated this on Tuesday in Abuja during the 1st National Mushroom week.

  “The global market for mushrooms is huge and growing exponentially; the market is estimated at $45.3bn in 2020 and projected to reach $72.5bn by 2027,” he said.

He observed that the growing market for mushrooms is due to the rising global awareness for healthy foods, which made mushrooms a highly preferred substitute for meals in protein, vitamins and minerals.

 “The statistics present a lucrative and attractive option for Nigeria to key into mushroom production for economic diversification, job creation and the nutritional value will greatly enhance the wellbeing of her populace.”

However, he said despite the numerous opportunities in mushroom farming, the federal government was yet to come to the aid of mushroom farmers through the association.

“This calls to question the funding of the agricultural sector. We think there is a need for a total review,” he added.

In his address, the National Chairman Board of Trustees and CEO Diplomat Farms and Services Ltd, Chief Moore Chinda said with increased knowledge of the importance of mushroom to human existence and survival, its production should be encouraged by governments at all levels, industries and individuals.





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