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The contribution of fungi to the global economy

Fungal Diversity, ISSN: 1878-9129, Vol: 121, Issue: 1, Page: 95-137
2023
  • 94
    Citations
  • 0
    Usage
  • 248
    Captures
  • 8
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    94
    • Citation Indexes
      94
  • Captures
    248
  • Mentions
    8
    • News Mentions
      8
      • 8

Most Recent News

Fungi are among the planet’s most important organisms — yet they continue to be overlooked in conservation strategies

Fungi are among the most important organisms on Earth. Even though most of the world’s described 157,000 fungal species are only visible with a microscope,

Review Description

Fungi provide ecological and environmental services to humans, as well as health and nutritional benefits, and are vital to numerous industries. Fermented food and beverage products from fungi are circulating in the market, generating billions of USD. However, the highest potential monetary value of fungi is their role in blue carbon trading because of their ability to sequester large amounts of carbon in the soil. There are no conclusive estimates available on the global monetary value of fungi, primarily because there are limited data for extrapolation. This study outlines the contribution of fungi to the global economy and provides a first attempt at quantifying the global monetary value of fungi. Our estimate of USD 54.57 trillion provides a starting point that can be analysed and improved, highlighting the significance of fungi and providing an appreciation of their value. This paper identifies the different economically valuable products and services provided by fungi. By giving a monetary value to all important fungal products, services, and industrial applications underscores their significance in biodiversity and conservation. Furthermore, if the value of fungi is well established, they will be considered in future policies for effective ecosystem management.

Bibliographic Details

Allen Grace T. Niego; Naritsada Thongklang; Arttapon Walker; Kevin D. Hyde; Christopher Lambert; Miriam Grosse; Hedda Schrey; Esteban Charria-Girón; Marc Stadler; Peter Mortimer; Sylvie Rapior

Springer Science and Business Media LLC

Agricultural and Biological Sciences; Environmental Science

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