Tuesday, 23 April 2024
Mushroom market in North America is expected to grow from US$ 1.85 Billion in 2019 to US$ 3.51 Billion by the year 2027. This represents a CAGR of 7.7% from the year 2020 to 2027.
The North America Mushroom market is growing along with the food and beverage industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
Mushroom market in North America is expected to grow from US$ 1.85 Billion in 2019 to US$ 3.51 Billion by the year 2027. This represents a CAGR of 7.7% from the year 2020 to 2027.
The food and beverage industry is all companies involved in the processing, packaging and distribution of raw food ingredients. This includes fresh cooked and packaged foods, alcoholic and non-alcoholic beverages.
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In North America region, government are focused on strategic Initiatives for agricultural and agri-food sector. For instance, Canada government has taken various initiatives for supporting the agriculture and agri-food sector. For the development of Agri-food and agriculture sector, Canada government would deliver federal programs under the Canadian agriculture partnership focusing on economic growth in the agriculture sector. The Canadian agriculture partnership is focus to strengthen the agriculture and agri-food sector; it is a five-year plan which has an investment of US$ 3 Bn done by the federal government, territorial, and provincial governments. The partnership program would support farmers to manage significant risks and provide streamlined programs & services that are easier to access.
These factors are expected to offer broad growth opportunities in the food and beverage industry and this is expected to cause the demand for Mushroom assays in the market.
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