What Is The Overview Of The Global Oyster Mushroom Market?
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.
Oyster Mushroom Global Market Report 2024 provides data on the global oyster mushroom market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The oyster mushroom market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Oyster Mushroom ?
The oyster mushroom market has experienced strong growth, rising from $49.10 billion in 2023 to $52.39 billion in 2024 at a CAGR of 6.7%. Growth in the historic period was supported by increased shelf life, rising demand for organic, nutritionally rich products, and urbanization. The market is expected to grow to $69.01 billion in 2028 at a CAGR of 7.1%, driven by the rising appeal of mushrooms, vegetarian popularity, demand for functional foods, health benefits, and plant-based proteins. Emerging trends include packaging innovations, advanced cultivation techniques, biotechnology for disease resistance, and sustainable substrates.
What Are The Leading Drivers Of Growth In The Oyster Mushroom Market?
The growing acceptance of veganism is anticipated to drive the oyster mushroom market. Veganism, a lifestyle avoiding all animal-derived products, is becoming increasingly popular due to health benefits, environmental concerns, and ethical considerations. Oyster mushrooms, known for their nutritional value, versatility, and sustainability, are a preferred choice for vegan diets. In December 2021, the Plant Based Foods Association reported a 6.2% growth in plant-based food sales, reflecting the rising shift toward veganism. This trend is contributing to the expansion of the oyster mushroom market.
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How Are The Segments Defined Within The Global 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
How Are New Trends Expected To Influence The Growth Of The Oyster Mushroom Market?
Companies in the oyster mushroom market are introducing products like burgers and sausages to meet the increasing demand for plant-based foods. These products incorporate Hooba, a protein derived from oyster mushrooms that provides essential nutrients like antioxidants and vitamins. In May 2024, Myco Foods, a UK-based company, launched burgers and sausages made from Hooba, which closely replicate the taste of real meat, offering a sustainable alternative for consumers transitioning to plant-based diets.
Which Region Drives The Highest Growth In The Oyster Mushroom Market?
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.
