Prepared mushrooms and truffles market in India

Earlier Report Observations

The market for prepared mushrooms and truffles in India embarked on a sustained growth path from 2018, initially supported by the implementation of a stable 5% Goods and Services Tax (GST) for dried and prepared products. This fiscal clarity coincided with a shift in consumer preferences toward fresh and nutritious foods, which increased demand for mushroom-based products and stimulated domestic production.

The market's expansion was further accelerated by the entry of new players attracted by high growth projections and by the COVID-19 pandemic, which reinforced health and wellness trends. This period saw increased investment in cultivation infrastructure and techniques to meet rising demand, solidifying the market's upward trajectory.

Growth continued in the subsequent years, underpinned by persistent consumer focus on nutrition and functional foods. The market also began to diversify with the introduction of new exotic mushroom segments, such as lion's mane and shiitake, broadening the product range and contributing to further volume increases through 2023.

Production prepared mushrooms and truffles in India

In kind, 2017-2020, t

From 2017 to 2020, India held the third position globally in the production of prepared mushrooms and truffles.

Top producers of prepared mushrooms and truffles, 2017-2020

World map of production of prepared mushrooms and truffles, 2017-2020

India's production of prepared mushrooms and truffles grew for the third year in a row. In 2020, the country produced 97 634 tonnes, marking a 16.9% increase compared to the previous year. Over the 2017-2020 period, production surged by 105.8%, with an average annual growth rate of 27.2%.

Annual dynamics of production in India in kind, 2017-2020, t

Exports prepared mushrooms and truffles from India

Exports in kind, kg

India's exports of prepared mushrooms and truffles fell for the third consecutive year. In 2020, the country shipped 5 470 kilograms abroad, which is 25.6% lower than the year before. From 2017 to 2020, exports dropped by 92.3%, translating to an average annual decline of 57.5%.

Annual dynamics of product's exports from India in kind, 2017-2020, kg

Between 2017 and 2020, the United States, Canada, and France were the top destinations for India's prepared mushrooms and truffles exports by volume. The United States accounted for 38.0% of exports, Canada for 16.7%, and France for 12.4%, together making up 67.1% of total shipments.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from India in kind, 2017-2020

Exports in value, K $ US

The export value of prepared mushrooms and truffles from India showed significant volatility over this period. Exports peaked in 2017 and hit their lowest point in 2019, with a 343-fold difference between these years. In 2020, the value rebounded sharply to 38 000 US dollars, a dramatic increase of 285.2% from the previous year. The lowest value was recorded in 2019 at 10 000 US dollars, while the largest decline occurred in 2018, dropping by 99.3%.

Annual dynamics of product's exports from India in value, 2017-2020, K $ US

From 2017 to 2020, France and Switzerland dominated India's prepared mushrooms and truffles exports by value, jointly representing 85.4% of total flows. The remaining share was distributed among other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from India in value, 2017-2020

Imports prepared mushrooms and truffles to India

Imports in kind, kg

India's imports of prepared mushrooms and truffles decreased for the second year in a row. In 2020, the country imported 51 430 kilograms, a substantial drop of 21.4% from the previous year. Over the 2017-2020 period, imports fell by 12%, with an average annual decline of 4.2%. The highest import volume was in 2018 at 97 551 kilograms, while the largest decline occurred in 2019, down by 32.9%. The biggest increase was in 2018, rising by 67.0%.

Annual dynamics of product's imports to India in kind, 2017-2020, kg

Between 2017 and 2020, China was the leading source for India's prepared mushrooms and truffles imports by volume, holding an 85.1% share of total flows. The rest was spread across other trading partners.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to India in kind, 2017-2020

Imports in value, K $ US

In 2020, India's imports of prepared mushrooms and truffles by value reached 422 000 US dollars, up 26.6% from the prior year. From 2017 to 2020, imports grew by 14.1%, equivalent to an average annual rate of 4.5%. The lowest value was in 2019 at 333 000 US dollars, and the highest was in 2018 at 575 000 US dollars. The largest decline happened in 2019, falling by 42.0%, while the biggest increase was in 2018, rising by 55.4%.

Annual dynamics of product's imports to India in value, 2017-2020, K $ US

Over the 2017-2020 period, China and Italy consistently made up 85.5% of India's prepared mushrooms and truffles imports by value, showing a high level of market concentration, with a long tail of smaller markets accounting for the remainder.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to India in value, 2017-2020