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Oyster Mushroom Market Size, Demand And Overview By 2024-2033
Oyster Mushroom Market Size
As per the report, 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 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%.
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Rising Veganism Driving Growth In Oyster Mushroom Market
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.
Innovative Oyster Mushroom-Based Burgers And Sausages Meeting Demand For Plant-Based And Sustainable Food Options
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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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.
Contents of the report:
1. Executive Summary
2. Oyster Mushroom Market Report Structure
3. Oyster Mushroom Market Trends And Strategies
4. Oyster Mushroom Market - Macro Economic Scenario
5. Oyster Mushroom Market Size And Growth
…..
27. Oyster Mushroom Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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