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The Business Research Company's Oyster Mushroom Cultivation Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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The oyster mushroom cultivation market has experienced significant growth in recent years, increasing from $2.79 billion in 2023 to $2.94 billion in 2024, with a compound annual growth rate (CAGR) of 5.2%. This growth during the historical period can be attributed to factors such as culinary popularity, cultural and culinary traditions, the rise of vegetarian and vegan diets, the ease of cultivation, a short cultivation cycle, and increasing market demand for exotic mushrooms.
What Is the Future Market Size of the Global Oyster Mushroom Cultivation Market and Its Yearly Growth Rate?
The oyster mushroom cultivation market is anticipated to experience robust growth in the coming years, projected to reach $3.78 billion by 2028 at a compound annual growth rate (CAGR) of 6.4%. This expected growth during the forecast period can be attributed to factors such as increasing culinary diversity, heightened awareness of sustainable protein sources, global population growth, expansion in culinary tourism, and opportunities in international trade.
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What Are the Main Factors Driving Oyster Mushroom Cultivation Market Expansion?
The increasing vegan population is expected to drive the growth of the oyster mushroom cultivation market in the future. The term vegan population describes individuals who adhere to a strict vegetarian diet, avoiding all animal products, including meat, eggs, and dairy. Oyster mushroom cultivation serves this demographic by providing a popular and nutritious meat substitute, offering a versatile ingredient that complements plant-based diets.
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Who Are the Main Competitors Driving the Oyster Mushroom Cultivation Market Forward?
Key players in the oyster mushroom cultivation market include Walsh Mushrooms Group, Shanghai Xuerong Bio-Technology Co Ltd, Chengde Runlong Food Co LTD., Monaghan Group, Mountain Meadow Mushrooms, Mycelium Organic Farms Pvt Ltd, Hirano Mushroom LLC, Fungi Ally, Phillips Mushroom Farms, Cascadia Mushrooms, Mushroom Mountain, Smithy Mushrooms Ltd., Hunan Chunhua Biotech Co Ltd., Oyster Creek Mushroom Company, Valley Mushrooms, North Spore, Gourmet Mushrooms Inc., Luoyang Fudamei Agricultural Production Co Ltd, Italspwan di Valentino e Massimo Sartor S.S., Fujishukin Co Ltd., Greensfarm Sp. z o.o., Kalina Boczniaki, Pol Grzyb Wojciech Wizinski,
How Are New Trends Transforming the Oyster Mushroom Cultivation Market Size ?
Leading companies in the oyster mushroom cultivation market are intensifying their efforts to introduce innovative mushroom spawns to gain a competitive advantage. Mushroom spawn refers to the mycelium, which is the vegetative part of a fungus, cultivated on a substrate.
What Are the Key Segments Within the Global Oyster Mushroom Cultivation Market?
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
Asia-Pacific's Role as the Foremost Player in the Oyster Mushroom Cultivation Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Oyster Mushroom Cultivation Market Definition?
Oyster mushroom cultivation involves the organic growing of mushrooms on dead, decaying wood logs and, at times, on dying deciduous or coniferous wood trunks found in temperate and tropical forests. Oyster mushrooms can thrive for 6 to 8 months of the year in moderate temperatures ranging from 20 to 30°C and humidity levels between 57% and 70%.
The Oyster Mushroom Cultivation Global Market Report 2024 from The Business Research Company includes the following key information:
. Market size data for both historical and future periods
. Analysis of both macro and microeconomic factors that have impacted the market over the past five years
. Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
. Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Oyster Mushroom Cultivation Market Report: Trends, Opportunities, Strategies, and More
The Oyster Mushroom Cultivation Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into oyster mushroom cultivation market size, oyster mushroom cultivation market drivers and trends, oyster mushroom cultivation competitors' revenues, and oyster mushroom cultivation market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
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The Business Research Company
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