The oyster mushroom global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Oyster Mushroom Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The oyster mushroom market size has grown strongly in recent years. It will grow from $49.10 billion in 2023 to $52.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increase their shelf life, increase the shelf life of mushrooms, increase in the hectic lifestyles of people worldwide, raises demand for organically grown products with high nutritional value, and increasing urbanization.
The oyster mushroom market size is expected to see strong growth in the next few years. It will grow to $69.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing attractiveness of mushroom market, rising popularity of vegetarian, increasing demand for oyster mushroom, growing demand for functional food as well as health benefits associated with consuming oyster mushrooms, and rising demand for plant-based proteins. Major trends in the forecast period include innovation in packaging and processing, technological advancements in cultivation, biotechnology for disease resistance, sustainable substrates, and advancements in automated cultivation systems.
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Scope Of Oyster Mushroom Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Oyster Mushroom Market Overview
Market Drivers –
The growing popularity of veganism is expected to propel the growth of the oyster mushroom market going forward. Veganism is a lifestyle that avoids all animal products and cruelty, including in food, clothing, and other uses, supporting only cruelty-free and sustainable practices. The growing popularity of veganism is due to the health benefits, animal welfare, environmental concerns, culinary innovation, celebrity and influencer endorsements, cultural shifts, economic factors, and improved availability of vegan products. Oyster mushrooms provide a nutritious, versatile, and sustainable food option supporting veganism, making them a healthy choice for those following a vegan diet. For instance, in December 2021, according to the Plant Based Foods Association, a US-based food association, plant-based food sales are rising, expanding 6.2% in 2021 over a record-breaking year of growth in 2020. Therefore, the growing popularity of veganism is driving the growth of the oyster mushroom market.
Market Trends –
Major companies operating in the oyster mushroom market are focused on developing innovative products such as burgers and sausages to cater to the increasing consumer demand for plant-based and sustainable food options. Burgers and sausages use Hooba, an ideal ingredient to create healthier and tasty meat alternatives, as it contains proteins and micronutrients found in oyster mushrooms, such as antioxidants, vitamins, and minerals. For instance, in May 2024, Myco Foods, a UK-based food company, launched its first burgers and sausages from its proprietary Hooba protein derived from oyster mushrooms. The company claims Hooba has proven to be virtually indistinguishable from real animal meat in taste tests, making it an attractive alternative for meat-eaters looking to consume more sustainable plant-based products.
The oyster mushroom market covered in this report is segmented –
1) By Type: Pearl Oyster, Blue Oyster, Golden Oyster, Pink Oyster, Phoenix Oyster, King Oyster
2) By Form: Fresh, Processed
3) By Distribution Channel: Hypermarkets And Supermarkets, Convenience Stores, Specialty Stores, Online Sales Channel, Medical, Other Distribution Channels
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Regional Insights –
Asia Pacific was the largest region in the oyster mushroom market in 2023. The regions covered in the oyster mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the oyster mushroom market are Monterey Mushrooms LLC, Nammex, South Mill Mushroom Sales Inc., Amax NutraSource Inc., Ceres Solutions Ltd., Country Fresh LLC, Bio-Botanica Inc., Fungaia Farm , Mushroom Company, Hunan Huacheng Biotech Inc., Hoopers Island Oyster Co., Phillips Mushroom Farms L.P., Bristol Botanicals Ltd,, Xi’an Greena Biotech Co. Ltd., Qingdao Dacon Trading Co., Optimi Health Corp., Highline Produce Limited, Gourmet Mushrooms Company, Mushroom Science, Traveler Produce LLC, Urban Farm Co., Enviro Mushroom Farm Inc., Maritime Gourmet Mushrooms Inc., Valley Mushrooms, Champag Inc.
Table of Contents
1. Executive Summary
2. Oyster Mushroom Market Report Structure
3. Oyster Mushroom Market Trends And Strategies
4. Oyster Mushroom Market – Macro Economic Scenario
5. Global Oyster Mushroom Market Size and Growth
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32. Global Oyster Mushroom Market Competitive Benchmarking
33. Global Oyster Mushroom Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Oyster Mushroom Market
35. Oyster Mushroom Market Future Outlook and Potential Analysis
36. Appendix
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