The Oyster Mushroom Cultivation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Oyster Mushroom Cultivation Global Market Report 2024, The oyster mushroom cultivation market size has grown strongly in recent years. It will grow from $2.79 billion in 2023 to $2.94 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to culinary popularity, cultural and culinary traditions, vegetarian and vegan diets, ease of cultivation, short cultivation cycle, market demand for exotic mushrooms.
The oyster mushroom cultivation market size is expected to see strong growth in the next few years. It will grow to $3.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing culinary diversity, rising awareness of sustainable protein sources, global population growth, expansion in culinary tourism, international trade opportunities. Major trends in the forecast period include home-based mushroom cultivation, novel oyster mushroom varieties, hydroponic and vertical farming techniques, innovations in food processing, collaborations in agricultural research.
An increase in the production and cultivation of mushrooms is expected to propel the growth of the oyster mushroom cultivation market going forward. Mushroom cultivation refers to the technology of growing mushrooms using plants, animals, and industrial waste. The increase in the production and cultivation of mushrooms helps to develop various varieties of mushrooms, including oyster mushrooms as well. For instance, in August 2022, according to the National Agricultural Statistics Service, a US-based government agency company, mushroom cultivators specializing in Agaricus mushrooms in Chester County, Pennsylvania, experienced a 1 percent growth in production, reaching 321 million pounds during the 2021–2022 growing season, with the value of this output rising by 3 percent to $329 million compared to the preceding season. Therefore, the increase in the production and cultivation of mushrooms is driving the growth of the oyster mushroom cultivation market.
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The oyster mushroom cultivation market covered in this report is segmented –
1) By Form: Fresh Mushroom, Frozen Mushroom, Dried Mushroom, Canned Mushroom
2) By Phase: Phase I – Composting, Phase Ii – Spawning, Phase Iii – Casing, Phase Iv – Pinning, Phase V – Harvesting
3) By Application: Food Processing Industry, Retail Outlets, Food Services, Other Applications
Major companies operating in the oyster mushroom cultivation market are increasing their focus on introducing innovative mushroom spawns to gain a competitive edge in the market. Mushroom spawn refers to the mycelium, the vegetative part of a fungus, cultivated on a substrate. For instance, in June 2023, Gachwala, an India-based online garden store, launched a white oyster mushroom spawn. The spawn is first-generation high-yield white mycelium spores of the edible CO2 variety and is grain-based. The mushroom spawn is suitable for mushroom cultivation and can be used to inoculate paddy straw.
The oyster mushroom cultivation market report table of contents includes:
1. Executive Summary
2. Oyster Mushroom Cultivation Market Characteristics
3. Oyster Mushroom Cultivation Market Trends And Strategies
4. Oyster Mushroom Cultivation Market – Macro Economic Scenario
5. Global Oyster Mushroom Cultivation Market Size and Growth
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26. South America Oyster Mushroom Cultivation Market
27. Brazil Oyster Mushroom Cultivation Market
28. Middle East Oyster Mushroom Cultivation Market
29. Africa Oyster Mushroom Cultivation Market
30. Oyster Mushroom Cultivation Market Competitive Landscape And Company Profiles
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