Pleurotus Ostreatus Market Size, Share, Growth, and Industry Analysis, By Type (Grey Oyster Mushroom & White Oyster Mushroom), By Application (Edible & Medicinal), Regional Insights and Forecast To 2031

Updated On: 01 April 2024

Pleurotus Ostreatus Market Report Overview

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The global pleurotus ostreatus market size was USD 5080.5 million in 2021 and is expected to reach USD 7108.85 million in 2031, exhibiting a CAGR of 3.4% during the forecast period.

A typical edible mushroom is pleurotus ostreatus, sometimes known as the oyster mushroom, oyster fungus, or hiratake. It was initially planted in Germany as a means of survival during World War I and is currently grown for food commercially all over the world. It has a connection to the domesticated king oyster mushroom. These gilled fungi are unique for their capacity to capture and consume nematode worms utilizing 'lassos' composed of hyphae on their gills. The distribution statistics for individual species in this complex group are naturally susceptible to considerable uncertainty because several similar species within the pleurotus genus are frequently misidentified.

Despite not existing in the Pacific Northwest of North America, pleurotus ostreatus are common in many temperate and subtropical woods around the world. One of the few known carnivorous mushrooms is the oyster mushroom. Its mycelia have the ability to kill and digest nematodes, which is thought to be how the mushroom gets its nitrogen. The common pleurotus ostreatus can be found in a variety of habitats, although other closely related species, like the branching oyster mushroom, can only be found on trees. The decomposition of dead wood by mushrooms replenishes the ecosystem with essential components and minerals that may be used by other plants and animals.

COVID-19 Impact: Economic Instability Causes Market Distortion

The global COVID-19 pandemic has been unprecedented and staggering, with pleurotus ostreatus market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The food and beverage manufacturers faced a number of difficulties as a result of the COVID-19 epidemic, including unstable markets, declining customer confidence, and disruptions in import and export activities.  Supply chain hiccups and retail closures brought on by COVID-19 stopped the market's overall growth. Numerous of these modifications are having an extended impact. Businesses across a range of industries, including the food sector, are adapting new technology and operating practices in response to these new realities. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall pleurotus ostreatus industry. This had a detrimental effect on the financial status of the companies. Additionally, a number of companies have lost money as a result of the global supply chain disruptions. The demand for the product and related equipment to support the activities is increasing quickly in tandem with the consistently expanding sector around the world. Pleurotus ostreatus industry demand is anticipated to gain momentum over the course of the forecast.

LATEST TRENDS

"Increasing Vegan Population to Boost the Market Growth"

Mushrooms are great food for humans with low energy content but high nutritional values. the growth of the vegan food is rising consumer awareness of the health consequences of eating animal products, as well as the ethical and environmental impact of animal agriculture. Research has linked the consumption of animal products with serious health conditions, including diabetes, heart disease, and cancer. With the increase in the vegan population and the demand of oyster mushroom the market had seen the immense growth and the vegan population has become the main reason why the pleurotus ostreatus market is growing at a high rate.

Pleurotus Ostreatus Market Segmentation

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• By Types 

Based on type, the market is classified into Grey Oyster Mushroom & White Oyster Mushroom.

• By Application

Based on application, the market is categorized into Edible & Medicinal.

DRIVING FACTORS

"Multifunctionality of Mushrooms Gives Boosts Market Growth "

The product's versatility makes use of a variety of species, including mushrooms, to find effective solutions for problems like the buildup of agro-waste in the environment. Pleurotus ostreatus uses green biotechnology, such as bio-fermentation and myco-remediation, to clean up polluted soil and water. Using oyster mushrooms, whose cultivation substrate is regarded as a crucial source for creating biofertilizers, animal feed, bioenergy, and bio-remediators, the circular economy method might be successfully implemented. Oyster mushrooms could be used to reduce, reuse, and recycle agro-industrial wastes (such as those from the production of plant-based foods, animal-based foods, and non-food businesses). The review's primary objective is to highlight the oyster mushroom's biotechnological uses. As a result, the demand for mushrooms is being driven by the multifunctionality of the product that is improving the overall pleurotus ostreatus market growth.

Cost of Mushrooms Cultivation to Encourage Market Growth

Growing fungus is essentially what mushroom farming entails. Today, mushroom farming is the most successful and prolific industry. It is progressively gaining popularity in India because it quickly turns the laborious labor of farmers into profit. Farmers use the practice of mushroom cultivation as a secondary source of income. Although it has been expanding conventionally, it is a very successful business concept that can be developed into a venture that generates income. The market has high dominance. Mushroom is vital for export in addition to being nutritious and therapeutic. All these driving factors will undoubtedly experience rapid expansion of market.

RESTRAINING FACTORS

"Side Effects of the Product Obstructing the Market Growth "

Ostreolysin, a poisonous protein, is present in oyster mushrooms. Studies on animals revealed that this protein may impair breathing and raise arterial blood pressure. Its effects on people, however, are unknown. The symptoms of hypersensitivity pneumonitis, an inflammation of the lungs' small airways that results in fever, joint pain, and chills, can also be brought on by oyster mushrooms. Zinc content of oyster mushrooms is high. They may result in copper insufficiency if ingested in high amounts over an extended period of time, which could lower the WBC count and damage the immune system. But as things progress there will be some solution to this problem.

Pleurotus Ostreatus Market Regional Insights

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"North America Dominating the Market Across the Globe"

The expansion of the pleurotus ostreatus industry in the North America is being aided by the region's increasing urbanization and industrialization, which has increased the potential of sectors like construction, agriculture, and mining. The key factor driving the growth of the pleurotus ostreatus market share is the rise in demand for food and medicinal uses. The expansion of the pleurotus ostreatus market in this region is being aided by the rising need for cultivation, medicines and agricultural equipment. Adopting technological developments will further boost the overall market

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The research provides details on the list of market participants and their activity in the sector. Acquisitions, mergers, technical advancements, collaborations, and increasing production facilities are used to gather and report the information. The companies that produce and introduce new products, the areas where they operate, automation, technology adoption, creating the greatest income, and making a difference with their products are some of the other factors that are looked at for this market.

List of Market Players Profiled

• Sylvan (U.S.)   
• Campbell (U.S.)
• Traveller Produce LLC (U.S.)
• Phillips Mushroom Farms (U.S.)
• Lauretta Ventures (U.S.)

REPORT COVERAGE

The analysis examines every aspect of the market, including market segmentation by type and application. The study examines a wide spectrum of players, including current and potential market leaders. Several significant variables are expected to fuel a sizable market expansion. The research also includes factors that are probably to increase pleurotus ostreatus market share in order to provide market insights. Additionally, the research includes projections for market expansion throughout the predicted period. The objective of the regional analysis is to clarify why one region dominates the worldwide market. The market can't grow because of a number of issues, all of which have been properly considered. Moreover, a market strategic analysis is included in the report. It contains comprehensive market data.