North America Oyster Mushroom Cultivation Market – Industry Trends and Forecast to 2030

North America Oyster Mushroom Cultivation Market Analysis and Insights

The North America oyster mushroom cultivation market is growing faster, owing to the multiple health benefits of eating mushrooms and people prefer vegan and plant-based products for meeting their protein and nutritional demands. The growing number of individuals altering their eating habits and embracing a vegan and protein-rich diet is a major element driving the growth of the mushroom industry. However, developing allergies among consumers may hamper the market growth.

Various companies are making strategic decisions, such as launching different mushroom types and acquiring other companies to improve their market share. As a result, the mushroom cultivation market is growing rapidly. The rising consumption of mushrooms will open new opportunities for market growth. In contrast, the availability of substitute products may challenge the market's growth.

Data Bridge Market Research analyzes that the North America oyster mushroom cultivation market will grow at a CAGR of 4.1% during the forecast period of 2023 to 2030.

Market Definition

Mushroom cultivation is a method of growing mushrooms that uses plant, animal, and industrial waste. In a nutshell, it is wealth created through waste technology. Because of the value of dietary fibers and proteins, this technology has grown in popularity worldwide. Mushrooms are basidiomycetes, which are fungi. It contains a lot of protein, fiber, vitamins, and minerals. There are over 3000 different kinds of mushrooms. Mushrooms are consumed fresh, canned, frozen, and dried for various purposes.

North America Oyster Mushroom Cultivation Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

DRIVERS

• Multi-functionality of Oyster Mushroom

Oyster mushrooms contain a lot of protein, Vitamin D, antioxidants, and fiber. They have a low calorific value and a high fiber content. They may also lower the risk of developing serious health issues such as Alzheimer's disease, heart disease, cancer, and diabetes. Consumers today prefer foods that are both healthy and easy to consume. In this regard, oyster mushrooms provide a lot of nutrition to the person who consumes them and can be used in a variety of ways and recipes. They are in high demand due to their various nutritional and mineral properties.

As a result, the high protein, vitamins, and other nutritional content of oyster mushrooms attract a large number of consumers. The North America oyster mushroom cultivation market is expected to grow as people become more aware of the importance of eating healthy food.

• Development in Trends of Plant-Based as well as Vegan Food

The increasing awareness among consumers for consuming plant-based, vegan items is proving to be a significant driving factor for market growth. The plant-based, non-GMO, and clean-label products are proven to be healthy. Health-conscious customers switching towards sustainable food products is increasing the demand for organic and plant-based food items. With this trend, manufacturers produce such products in bulk to generate higher revenues. With this increasing trend of eating organic food, the market is expected to grow.

As a result, the plant-based and vegan food trends are significantly increasing demand for oyster mushrooms. Because of the high demand for such products among consumers, the market is expected to expand significantly.

RESTRAINT

• Limited Shelf Life of Oyster Mushrooms

Mushrooms are highly perishable in nature, deteriorating within a day of harvesting due to their high respiration rate and delicate epidermal structure. Their short shelf life can be attributed to fresh mushrooms' high respiratory rate as well as a lack of cuticles to protect them from physical or microbial changes or dehydration. As a result, freshly harvested mushrooms have a limited shelf life.

Mushrooms have a shorter shelf life than most ready-to-eat vegetables due to their rapid respiration rate and lack of a barrier to protect them from water loss or microbial attack. Enzymatic browning occurs when the enzyme tyrosinase comes into contact with its substrate and starts a chain of reactions that results in brown melanin pigments. It will reduce the market value of the product. It is prone to microbial attack. This risk factor in oyster mushroom cultivation can hamper the market growth.

OPPORTUNITY

• Rising Demand for Low Calorie and High Protein Food

Nowadays, low-calorie, high-protein diets are in high demand, particularly with the rise in the number of people looking to lose weight and gain lean muscle. An essential macronutrient, protein aids in muscle growth, and recuperation, and keeps full so do not excessively binge. However, not all foods give the body the same amount of protein. Contrary to what people would all believe, not everyone requires the same amounts of proteins. For those trying to lose weight, build lean muscle to support their athletic talents, or increase their stamina in sports, a high-protein diet is necessary. Oyster mushrooms are one of those foods that are high in protein and low in calories, hence they are often included as primary ingredients in vegan sports food items. Thus, by increasing the number of new product launches in the sports and fitness business, opportunities are created.

Opportunities should arise as a result of their immunity-boosting qualities and excellent nutritional and low-calorie values in the food and beverage sector for oyster mushrooms in North America.

CHALLENGE

• Availability of Substitute Products

The availability of substitutes for oyster mushrooms such as tofu, tempeh, zucchini, squash, artichoke hearts, lentils, leeks, and others is posing a significant challenge to market growth. There is the availability of a large number of oyster mushroom substitute products that are comparatively cheaper and readily available in the market, as the cultivation process of other substitutes is less complicated and does not require highly skilled workers, which will pose a challenge to market growth. Furthermore, the requirement of a high level of management skills during the oyster mushroom cultivation process is a significant challenge because it makes cultivation difficult, which directly impacts oyster mushroom prices, making it difficult for small-scale manufacturers to afford.  As a result, they opt for cheaper and more readily available substitute products such as tofu, tempeh, zucchini, squash, artichoke hearts, and others posing a significant challenge to market growth.

Hence, the availability of substitutes poses a significant challenge to the expansion of the market. As a result, manufacturers of food and beverages, nutraceuticals, and pharmaceuticals are more likely to choose substitute products with comparable nutritional value and medicinal properties. Furthermore, some substitutes offer comparable flavors and nutrients at a lower cost. As a result, this will pose a significant challenge and impede the market growth.

Post-COVID-19 Impact on North America Oyster Mushroom Cultivation Market

Post the pandemic, the demand for mushrooms has increased as there will not be any restrictions on movement. Hence, the supply of products would be easy. The persistence of COVID-19 for a longer period has affected the supply chain as it got disrupted, and it became difficult to supply food products to consumers, initially increasing the demand for products. However, post-COVID-19, the demand for mushrooms increased significantly owing to good protein content and other nutrients available.

Recent Developments

• In April 2020, the article “Effect of the Intake of Oyster Mushrooms (Pleurotus ostreatus) on Cardiometabolic Parameters—A Systematic Review of Clinical Trials” mentioned the benefits of P. ostreatus consumption on lipid and glucose metabolism, as well as somewhat on blood pressure. The cardiometabolic health of people may benefit from this.

North America Oyster Mushroom Cultivation Market Scope

The North America oyster mushroom cultivation market is segmented into six notable segments based on type, substrate type, substrate preparation technology, phase, category, and end user.

The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

TYPE

• Pearl Oyster
• Blue Oyster
• Phoenix Oyster
• Golden Oyster
• Pink Oyster
• King Oyster

Based on type, the market is segmented into pearl oyster, blue oyster, phoenix oyster, golden oyster, pink oyster, and king oyster.

SUBSTRATE TYPE

• Paddy
• Wheat
• Ragi
• Maize
• Sawdust
• Sugarcane Bagasse
• Millets
• Cotton
• Citronella
• Jute
• Cotton Waste
• Dehulled Corncobs
• Pea Nut Shells
• Died Grasses
• Sunflower Stalks
• Tea Leaf Waste
• Discarded Paper Waste
• Others

Based on substrate type, the market is segmented into paddy, wheat, ragi, maize, sawdust, sugarcane bagasse, millets, cotton, citronella, jute, cotton waste, dehulled corncobs, pea nut shells, died grasses, sunflower stalks, tea leaf waste, discarded paper waste, and others.

SUBSTRATE PREPARATION TECHNOLOGY

• Steam Pasteurization
• Hot Water Treatment
• Sterilization Technique
• Fermentation/Composting
• Chemical Sterilization
• Others

Based on substrate preparation technology, the market is segmented into steam pasteurization, hot water treatment, sterilization technique, fermentation/composting, chemical sterilization, and others.

PHASE

• Composting
• Spawning
• Casing
• Pinning
• Harvesting

Based on phase, the market is segmented into Composting, Spawning, Casing, Pinning, and Harvesting.

CATEGORY

• Organic
• Conventional

Based on category, the market is segmented into organic and conventional.

END USER

• Wholesale Traders
• Convenience Stores
• Hypermarkets/Supermarkets
• Grocery Stores
• Specialty Stores
• Others

Based on end user, the market is segmented into wholesale traders, convenience stores, hypermarkets/supermarkets, grocery stores, specialty stores, and others.

North America Oyster Mushroom Cultivation Markets Regional Analysis/Insights

The North America oyster mushroom cultivation market is analyzed and market size insights and trends are provided based on type, substrate type, substrate preparation technology, phase, category, and end user as referenced above.

The country covered in the North America oyster mushroom cultivation market report is North America.

The country section of the report also provides individual market-impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of North America brands, their challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and North America Oyster Mushroom Cultivation Market Share Analysis

The competitive North America oyster mushroom cultivation market details the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points only relate to the companies' focus on the market.

Some of the major players operating in the North America oyster mushroom cultivation market are South Mill Mushrooms Sales, Ostrom Mushroom Farms, Kitchen Pride Mushroom Farms, Mountain View Mushrooms, Farming Fungi, LLC, Kigali Farms, Lambert Spawn., Bluff City Fungi, SKAGIT GOURMET MUSHROOMS, Green Box Mushrooms, Sharondale LLC., Ellijay Mushrooms, Phillips Mushroom Farms, MycoTerraFarm., and Whole Earth Harvest among others.

SKU-69797