Northern America's Mushroom and Truffle Market Poised for Steady Growth With 1.3% CAGR Through 2035

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The article provides a comprehensive analysis of the mushroom and truffle market in Northern America (the United States and Canada). It details that after a period of decline, consumption in 2024 reached 474K tons, valued at $2.9B, with the US dominating at 84% of volume. Production also saw a slight recovery to 450K tons. The market is forecast to grow at a CAGR of +1.3% in volume and +1.7% in value through 2035, reaching 547K tons and $3.5B, respectively. Trade data shows the US as the primary importer (93% share) and Canada as the dominant exporter (96% share), with import and export prices steadily increasing over the past decade.

Key Findings

• The Northern American mushroom and truffle market is forecast to grow to 547K tons and $3.5B by 2035, with CAGRs of +1.3% and +1.7% respectively
• The United States dominates consumption (84% share, 399K tons) and production (69% share), while Canada leads in per capita consumption (1.9 kg per person)
• The US is the region's near-exclusive importer (93% of volume), with import values growing at an average annual rate of +10.5% since 2013
• Canada is the primary exporter, supplying 96% of the region's export volume, with its export value growing at +10.4% per year on average
• Both import and export prices have shown consistent long-term growth, averaging +3.4% and +2.5% per year, respectively

Market Forecast

Driven by rising demand for mushroom and truffle in Northern America, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.3% for the period from 2024 to 2035, which is projected to bring the market volume to 547K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market value to $3.5B (in nominal wholesale prices) by the end of 2035.

Consumption

Northern America's Consumption of Mushrooms And Truffles

After five years of decline, consumption of mushrooms and truffles increased by 1.1% to 474K tons in 2024. Overall, consumption, however, saw a mild shrinkage. As a result, consumption reached the peak volume of 569K tons. From 2015 to 2024, the growth of the consumption failed to regain momentum.

The size of the mushroom and truffle market in Northern America reached $2.9B in 2024, with an increase of 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.7% from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The country with the largest volume of mushroom and truffle consumption was the United States (399K tons), comprising approx. 84% of total volume. Moreover, mushroom and truffle consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada (75K tons), fivefold.

From 2013 to 2024, the average annual rate of growth in terms of volume in the United States was relatively modest.

In value terms, the United States ($2.5B) led the market, alone. The second position in the ranking was held by Canada ($383M).

In the United States, the mushroom and truffle market expanded at an average annual rate of +2.1% over the period from 2013-2024.

The countries with the highest levels of mushroom and truffle per capita consumption in 2024 were Canada (1.9 kg per person) and the United States (1.2 kg per person).

From 2013 to 2024, the biggest increases were recorded for the United States (with a CAGR of -1.6%).

Production

Northern America's Production of Mushrooms And Truffles

In 2024, production of mushrooms and truffles was finally on the rise to reach 450K tons after seven years of decline. Overall, production, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 4.9% against the previous year. As a result, production reached the peak volume of 554K tons. From 2015 to 2024, production growth remained at a lower figure. The general negative trend in terms output was largely conditioned by a mild slump of the harvested area and a relatively flat trend pattern in yield figures.

In value terms, mushroom and truffle production rose notably to $2.7B in 2024 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country

The United States (310K tons) constituted the country with the largest volume of mushroom and truffle production, accounting for 69% of total volume. Moreover, mushroom and truffle production in the United States exceeded the figures recorded by the second-largest producer, Canada (140K tons), twofold.

From 2013 to 2024, the average annual rate of growth in terms of volume in the United States stood at -2.5%.

Imports

Northern America's Imports of Mushrooms And Truffles

In 2024, the amount of mushrooms and truffles imported in Northern America rose to 98K tons, picking up by 4.6% against the year before. Total imports indicated a remarkable increase from 2013 to 2024: its volume increased at an average annual rate of +5.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -2.7% against 2022 indices. The pace of growth was the most pronounced in 2018 when imports increased by 26%. The volume of import peaked at 100K tons in 2022; however, from 2023 to 2024, imports failed to regain momentum.

In value terms, mushroom and truffle imports totaled $469M in 2024. Over the period under review, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. The level of import peaked in 2024 and is likely to see steady growth in the near future.

Imports By Country

The United States prevails in imports structure, resulting at 91K tons, which was near 93% of total imports in 2024. It was distantly followed by Canada (6.6K tons), creating a 6.7% share of total imports.

The United States was also the fastest-growing in terms of the mushrooms and truffles imports, with a CAGR of +6.6% from 2013 to 2024. Canada (-3.4%) illustrated a downward trend over the same period. From 2013 to 2024, the share of the United States increased by +11 percentage points.

In value terms, the United States ($448M) constitutes the largest market for imported mushrooms and truffles in Northern America, comprising 95% of total imports. The second position in the ranking was taken by Canada ($21M), with a 4.5% share of total imports.

In the United States, mushroom and truffle imports expanded at an average annual rate of +10.5% over the period from 2013-2024.

Import Prices By Country

The import price in Northern America stood at $4,811 per ton in 2024, approximately equating the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. The level of import peaked at $4,857 per ton in 2023, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($4,931 per ton), while Canada amounted to $3,186 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+3.6%).

Exports

Northern America's Exports of Mushrooms And Truffles

In 2024, mushroom and truffle exports in Northern America expanded rapidly to 74K tons, with an increase of 9.7% compared with 2023. Total exports indicated buoyant growth from 2013 to 2024: its volume increased at an average annual rate of +5.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. The volume of export peaked in 2024 and is likely to see gradual growth in the near future.

In value terms, mushroom and truffle exports rose significantly to $389M in 2024. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, the exports hit record highs in 2024 and are expected to retain growth in the immediate term.

Exports By Country

Canada prevails in exports structure, amounting to 71K tons, which was near 96% of total exports in 2024. The United States (2.7K tons) followed a long way behind the leaders.

Canada was also the fastest-growing in terms of the mushrooms and truffles exports, with a CAGR of +7.6% from 2013 to 2024. the United States (-10.7%) illustrated a downward trend over the same period. While the share of Canada (+19 p.p.) increased significantly in terms of the total exports from 2013-2024, the share of the United States (-19.3 p.p.) displayed negative dynamics.

In value terms, Canada ($370M) remains the largest mushroom and truffle supplier in Northern America, comprising 95% of total exports. The second position in the ranking was held by the United States ($18M), with a 4.7% share of total exports.

From 2013 to 2024, the average annual growth rate of value in Canada totaled +10.4%.

Export Prices By Country

In 2024, the export price in Northern America amounted to $5,261 per ton, almost unchanged from the previous year. Over the last eleven-year period, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2015 when the export price increased by 7.2%. The level of export peaked at $5,288 per ton in 2023, and then contracted modestly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was the United States ($6,676 per ton), while Canada totaled $5,207 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+3.9%).