How much is the oyster mushroom market worth, and how is it expected to expand?
The oyster mushroom market size has grown strongly in recent years. It will grow from $52.39 billion in 2024 to $56.26 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. 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 $73.79 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. 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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What are the key drivers behind the rapid expansion of the oyster mushroom market?
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 January 2024, according to the vegconomist, a UK-based provider of plant-based and cellular agriculture news, the UK’s vegan population has reached 2.5 million, indicating that 4.7% of adults now adhere to a plant-based diet. This marks a significant increase of 1.1 million people between 2023 and 2024. Therefore, the growing popularity of veganism is driving the growth of the oyster mushroom market.
What is the segmentation for the oyster mushroom market?
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
Subsegments:
1) By Pearl Oyster: White Pearl Oyster, Organic Pearl Oyster, Dried Pearl Oyster, Fresh Pearl Oyster, Packaged Pearl Oyster
2) By Blue Oyster: Fresh Blue Oyster, Dried Blue Oyster, Organic Blue Oyster, Blue Oyster Mushroom Powder
3) By Golden Oyster: Fresh Golden Oyster, Dried Golden Oyster, Organic Golden Oyster, Golden Oyster Mushroom Extract
4) By Pink Oyster: Fresh Pink Oyster, Dried Pink Oyster, Organic Pink Oyster, Pink Oyster Mushroom Powder
5) By Phoenix Oyster: Fresh Phoenix Oyster, Dried Phoenix Oyster, Organic Phoenix Oyster, Phoenix Oyster Mushroom Extract
6) By King Oyster: Fresh King Oyster, Dried King Oyster, Organic King Oyster, King Oyster Mushroom Powder, Sliced King Oyster
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Who are the most influential companies in the oyster mushroom market?
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.
What are the most influential trends expected to drive the oyster mushroom market forward?
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.
What are the major regional insights for the oyster mushroom market, and which region holds the top position?
Asia Pacific was the largest region in the oyster mushroom market in 2024. The regions covered in the oyster mushroom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Oyster Mushroom Market Report 2025 Offer?
The oyster mushroom market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Oyster mushrooms, scientifically known as Pleurotus ostreatus, are a type of edible fungi that are commonly found in temperate and subtropical forests around the world. They are named for their oyster-shaped cap and are prevalent in culinary dishes due to their mild, anise-like flavor and tender texture. Oyster mushrooms grow in clusters on dead or dying hardwood trees in nature, though they are also widely cultivated for culinary use.
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