Global Yellow Oyster Mushroom Market Size To Exceed USD 4.06 Billion By 2033 | CAGR of 11.56 %
Category: Food & BeveragesGlobal Yellow Oyster Mushroom Market Size To Exceed USD 4.06 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Yellow Oyster Mushroom Market is Expected to Grow from USD 1.36 Billion in 2023 to USD 4.06 Billion by 2033, at a CAGR of 11.56 % during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 225 pages with 126 Market data tables and figures & charts from the report on the "Global Yellow Oyster Mushroom Market Size, Share, and COVID-19 Impact Analysis, By Product Form (Fresh and Processed), By Distribution Channel (Direct, Retail, Online), By End User (Food Service Industry, Food Processing Industry, Nutraceutical and Pharmaceutical Companies), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/yellow-oyster-mushroom-market
The yellow oyster mushroom industry is defined as that part of the agricultural and food industry with a specific interest in yellow oyster mushroom cultivation, distribution, and sales. It is a strain of oyster mushroom (Pleurotus ostreatus) valued for its deep yellow color and delicate texture as well as mellow flavor and unique appearance to use in diverse culinary applications that highlight nutritional qualities. Moreover, the demand for yellow oyster mushrooms is due to greater interest in plant-based foods, health-conscious eating habits, sourcing food sustainably, and gourmet consumption. Consumers and chefs like their flavor and texture and appreciate their potential health benefits: these mushrooms are high in antioxidants, protein, and vitamins. However, yellow oyster mushrooms are sensitive to temperature, humidity, and weather conditions. Increased temperatures may reduce yields or cause crop failure altogether. Alterations in rainfall and humidity may further limit suitable growing conditions. Consequently, climate change emerges as the major constraint in the yellow oyster mushroom market, which hampers market growth.
The fresh segment accounted for the biggest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product form, the yellow oyster mushroom market is divided into fresh and processed. Among these, the fresh segment accounted for the biggest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to fresh yellow oyster mushrooms being so much in demand, as they offer variety, texture, and brightness that both domestic and professional cooks would want in the dish. Consumers and restaurants would like the fresh mushrooms more for their retained natural flavor, nutrients, and texture, especially for the high-end culinary experience.
The retail segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the yellow oyster mushroom market is divided into direct, retail, and online. Among these, the retail segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by the retail stores provides fresh products including specialty mushrooms. Since yellow oyster mushrooms are perishable, most consumers will prefer to buy them from physical retail stores, where they can pick fresh products, and quality and freshness can be guaranteed.
The food service industry segment accounted for the majority share in 2023 and is expected to grow at a remarkable CAGR during the forecast period.
Based on the end user, the yellow oyster mushroom market is divided into the food service industry, the food processing industry, and nutraceutical and pharmaceutical companies. Among these, the food service industry segment accounted for the majority share in 2023 and is expected to grow at a remarkable CAGR during the forecast period. The growth is attributed to mushroom-based diets and vegetarian diets becoming very popular; restaurants and food service providers rely more on mushrooms to replace meat or add flavor to vegetarian dishes. The trend of having plant-based menu options at restaurants boosts demand from the food service industry even further.
Asia Pacific holds the majority share of the global yellow oyster mushroom market during the forecast period.
Get more details on this report -
Asia Pacific holds the majority share of the global yellow oyster mushroom market during the forecast period. Countries like China, Japan, and South Korea have been involved in mushroom culture for ages. The region has a strong infrastructure for mushroom production and distribution. This experience makes the ingredients very accessible and readily produced at relatively low costs. Mushrooms and yellow oyster mushrooms, particularly, are among the staples that feature in numerous Asian cuisines. It makes their way to a wide assortment of dishes that range from soups to salads and stir-fries, placing the APAC region as the largest consumer overall.
North America is estimated to grow at the fastest pace in the global yellow oyster mushroom market during the forecast period. North America, with the United States and Canada as its main protagonists, is rapidly shifting toward more plant-based diets, organic food, and functional ingredients. Nutritional value, flavor, and versatility in a plant-based meal make yellow oyster mushrooms so popular.
Major vendors in the global yellow oyster mushroom market are Oke USA, Hollandia Produce, MycoFarm, Shrooms Inc., Fungi Perfecti, Mushroom Mountain, FreshCap Mushrooms, North Spore, The Mushroom Company, Hummingbird Mushrooms, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2022, Myco Technology, Inc. is a worldwide mushroom growing firm that raised almost $85 million in investment from its Series E round to step up its research efforts and grow internationally.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the yellow oyster mushroom market based on the below-mentioned segments:
Global Yellow Oyster Mushroom Market, By Product Form
- Fresh
- Processed
Global Yellow Oyster Mushroom Market, By Distribution Channel
- Direct
- Retail
- Online
Global Yellow Oyster Mushroom Market, By End User
- Food Service Industry
- Food Processing Industry
- Nutraceutical and Pharmaceutical Companies
Global Yellow Oyster Mushroom Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?