Yellow Oyster Mushroom Market to Reach $4.2 Billion, Globally, by 2033 at 11.6% CAGR: Allied Market Research

Consumer demand for premium and gourmet food experiences has led to an increased interest in yellow oyster mushrooms’ rich flavors and nutritional properties, resulting in market growth.

Wilmington, Delaware, Oct. 03, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, Yellow Oyster Mushroom Market by Product Form (Fresh and Processed), End User (Retail Consumers, Food Service Industry, Food Processing Industry and Nutraceutical and Pharmaceutical Companies), and Distribution Channel (Direct, Retail and Online): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the yellow oyster mushroom market was valued at $1.4 billion in 2023, and is estimated to reach $4.2 billion by 2033, growing at a CAGR of 11.6% from 2024 to 2033.

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Prime determinants of growth  

The global yellow oyster mushroom market is experiencing growth due to several factors such growing consumer demand for exotic and gourmet foods and rising awareness of the health benefits associated with yellow oyster mushrooms. However, high cultivation costs and limited shelf life and perishability hinder market growth to some extent. Moreover, development of value-added products and advancements in cultivation techniques offer remunerative opportunities for the growth of the global yellow oyster mushroom market.  

Report Coverage and Details: 

Report Coverage  Details 
Forecast Period  2024–2033
Base Year  2023
Market Size in 2023 $1.4 Billion
Market Size in 2033 $4.2 Billion
CAGR  11.6%
No. of Pages in Report  235
Segments Covered  Product Form, End User, Distribution Channel, and Region.
Drivers  Growing Consumer Demand for Exotic and Gourmet Foods
Health and Wellness Trends 
Sustainable and Plant-Based Food Movement
Opportunities  Development of Value-Added Products
Advancements in Cultivation Techniques
Restraints  High Cultivation Costs
Limited Shelf Life and Perishability

Segment Highlights 

The fresh segment is expected to grow faster throughout the forecast period. 

By form, the fresh segment held the highest market share in 2023, accounting for less than three-fourths of the global yellow oyster mushroom market revenue and is expected to retain its dominance throughout the forecast period. The fresh version has a better flavor, texture, and culinary variety, which improves its popularity among customers. Fresh yellow oyster mushrooms are extremely valuable in gourmet cookery and fine dining due to their brilliant color and delicate flavor. 

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The food service industry segment is expected to grow faster throughout the forecast period. 

By end user, the food service industry segment held the highest market share in 2023, accounting for more than two-fifths of the global yellow oyster mushroom market revenue and is expected to retain its dominance throughout the forecast period. Restaurants, hotels, and cafes are major end-users of yellow oyster mushrooms due to their high culinary value and versatility. These establishments value the fresh, vibrant, and flavorful characteristics of yellow oyster mushrooms, which enhance gourmet dishes and specialty menus. The demand from the food service sector drives significant market volume, as chefs and food service professionals use these mushrooms to create visually appealing and high-quality dishes. 

The retail segment is expected to grow faster throughout the forecast period. 

By distribution channel, the retail segment held the highest market share in 2023, accounting for less than two-fifths of the global yellow oyster mushroom market revenue and is expected to retain its dominance throughout the forecast period. Supermarkets, grocery stores, and specialty food retailers are the primary outlets for fresh yellow oyster mushrooms, offering them to a wide range of consumers. Retail channels are crucial as they provide consumers with convenient access to fresh produce for home cooking. While direct sales and online platforms also play significant roles, especially in niche markets and for bulk purchases, retail stores remain the main distribution channel due to their broad reach and ability to cater to everyday consumer needs. 

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Regional Outlook 

Asia-Pacific to maintain its dominance by 2033. 

By region, Asia-Pacific held the highest market share in terms of revenue in 2023, accounting for more than one-third of the global yellow oyster mushroom market revenue and is expected to dominate throughout the forecast period. This region has a long tradition of mushroom production and consumption; thus, it is the biggest consumer market for numerous mushroom varieties, including yellow oyster mushrooms. China, Japan, and South Korea are important producers and consumers of mushrooms, which are used in many traditional cuisines. Asia-Pacific’s dominant position in the yellow oyster mushroom industry is due to superior farming procedures and significant customer demand for different and exotic mushroom species. 

Players: – 

  • Oke USA 
  • Hollandia Produce 
  • MycoFarm 
  • Shrooms Inc. 
  • Fungi Perfecti  
  • Mushroom Mountain 
  • FreshCap Mushrooms 
  • North Spore 
  • The Mushroom Company 
  • Hummingbird Mushrooms 

The report provides a detailed analysis of these key players in the global yellow oyster mushroom market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

Recent Industry Developments: 

  • In 2022, Myco Technology, Inc., a global mushroom growing firm, secured almost $85 million in investment through its Series E round to accelerate its research efforts and expand its international presence.  
  • In 2021, Mycelia, a firm that specializes in mushroom-based health products, has developed a new range of supplements including oyster mushroom extracts. The product line was designed to capitalize on the increased demand for functional meals and supplements made from medicinal mushrooms.  
  • In 2020, Morrisons, a UK grocery company, has released an oyster mushroom meal kit as a component of its plant-based product portfolio. This launch addressed the growing demand for plant-based and vegetarian food choices with mushrooms as a significant ingredient. 

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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